No, I don't think it's a P&D at all - this has been a steady gradual climb, 3 or 4 pips a day over 2 weeks, whereas with a pump, it usually goes bonkers over a day or two before the sell off.
As DK23 said, the SP is pretty much approaching fair value after the coronavirus inspired sell off, but apart from that, I believe that investors are coming back to cannabis stocks AND the big one is the fact that we have 3 or 4 major catalysts just around the corner and people are realising that (OSA trial, TBI trial, first quarterly registering a full quarter of oil sales, CBD inhaler and potential use for COVID-19). A little further down the track we then have the TMJ and Gingivitis trials as well.
I'm not a financial advisor and I'd ask you to make your own decisions, but for me there are still plenty of legs in the SP - the party has just started IMO.
IHL Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
