While it’s throwing oversold signals, I’m not sure what’s going to give it the impetus for a SP rise this month or the next. We may start to see a gentle creep during June/July/August as the Canadian legislation starts to become a reality. MMJ’s investments will need to be seen as value accretive, either by sales or individual SP rises (and listings) to boost our SP in the near term.
Don’t hold your breath for trial results, PTL201 hasn’t started recruiting and PLT101 hasn’t’t finished recruiting.
Our boat is slow, so one may be hard pressed to miss it!
MMJ Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
