APH) shares surge 40% after open

The Australian Primary Hemp Ltd (ASX: APH) share price had an incredible start to the trading day this morning.

The company’s shares closed at 38 cents a share yesterday afternoon, and opened at the same price this morning. However, the Primary Hemp share price took off soon after, rising as high as 52 cents a share just before 11 am. That rise represents a gain of 40% on the opening price.

Primary Hemp shares have cooled off somewhat since, and are trading at 39 cents a share at the time of writing, up a still-respectable 4%. The current share price puts Australian Primary Hemp shares close to 130% up year to date.

So what is this seemingly volatile company? And why are the shares going gangbusters today?

What is Australian…