Business
CP1) shares shoot 25% // Motley Fool Australia
The CannPal Animal Therapeutics Ltd (ASX: CP1) share price is shooting higher today, rising 20% to 15 cents per share. The CannPal share price closed at 12 cents a share last Friday after the company was placed in a trading halt. CannPal opened today at 16 cents per share before edging back slightly to its current price of 15 cents. Incidentally, the trading halt meant CannPal missed the ASX shutdown yesterday.
Today’s rise in the CannPal share price is good news for investors. It means the company’s shares are 25% up for the year so far, up 36% since 9 November, and up 114% since 25 March.
So what is this company and why is the CannPal share price soaring today?
What is this ASX cannabis company?
We can almost ascertain what…
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