CannTrust Holdings Inc. (NYSE: CTST) has seen continued market volatility since it listed onto an American stock exchange, specifically the New York Stock Exchange (NYSE), on February 25th of this year. The cannabis stock reached a new low on the NYSE of $6.82 per share on April 11th. The stock price gained enough value on the 11th to close at a price per share of over $7.
CTST opened on April 12th to a pre-market hours price of $7.02 per share, opened to normal market hours at $7.03, and peaked at $7.20 per share at 3:00 PM Eastern Time (ET). The stock is currently, at 3:55 PM ET, at a per share price of $7.17 which represents an intra-day gain of $0.14 or 1.99%. The value of CTST today reached as low as $7.00, quickly saw an increase in value to $7.09, briefly dipped, and then increased to today’s peak price of $7.20 per share.
Investors who considered yesterday’s intraday price of $6.82 per share to be a worthy and safe purchase price would have potentially made an estimated return on investment (ROI) of 5.57% or $0.38 profit per share if the purchased shares were sold at the April 12th intra-day peak of $7.20
CannTrust recently made headlines on April 10th with the announcement of three new cannabidiol (CBD) product formulations in capsule and drop forms that we covered with an article that was published on April 11th. The newly released CBD products filled a void in the Canadian CBD product market where there was an absence of high-dose CBD capsules and drops.
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