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