MYM Nutraceuticals (CSE: MYM) took investors for a wild ride today, with the equity soaring as much as 175% today at the high. The move has perplexed shareholders, whom are searching for answers on why the equity has moved so significantly.
No material news has been released today by MYM Nutraceuticals. The firm last put out news on Friday, wherein it indicated that it is slightly closer to obtaining a cultivation license at its Sublime Inc facility located in Laval, Quebec. It’s expected that a license will be issued in the near term as a result of minor changes required by Health Canada.
That news however was released Friday morning, with traders and investors alike already having time to react to the news. Intense volume has been seen in the equity, with the CSE recording over 5 million shares traded while alternative trading system (ATS) has recorded close to 4 million shares as well. Today marks one of the highest volume days on record for the issuer, who hasn’t seen such volume since early 2018.
No news release has been issued by the firm in conjunction with today’s price movement. However, it is expected that at minimum the firm will put out a release outlining whether or not any material change has occurred.
MYM Nutraceuticals is currently trading at $0.235 on the Canadian Securities Exchange, up 95.83% on the day.
Information for this briefing was found via Sedar and MYM Nutraceuticals Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
