Why the Creso Pharma (ASX:CPH) share price crashed 33% lower today

Published

5 years ago

December 10, 2020

The Creso Pharma Ltd (ASX: CPH) share price is on course to end its remarkable run on Thursday with a sizeable decline.

The cannabis company’s shares were down as much as 33% at one stage to 20 cents this afternoon.

The Creso Pharma share price has since recovered slightly but remains down 27% to 22 cents at the time of writing.

What is happening with the Creso Pharma share price?

It appears as though some investors have decided to take a bit of profit off the table after a stunning gain in December.

Prior to today, the Creso Pharma share price was up an incredible 500% month to date.

Investors have been scrambling to buy its shares on the belief that a couple of recent developments will have a material impact on its future…

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