On Monday, Numinus Wellness (TSXV: NUMI) gained by $0.075 or 17.65% to $0.50 per share on volume of 5.499 million shares its second highest volume day in history. Yesterday morning, NUMI hit a high of $0.53 per share for a gain of 85.96% from our breakout point alert exactly one month ago on the morning of September 28th at $0.285 per share.
NUMI’s cumulative volume weighted average price since its IPO on May 20th has been $0.508 per share. Interestingly, because NUMI went public at $1 and hit a high that day of $1.55 per share, before closing its first day of trading at $1.03 per share on volume of 11.747 million shares, NUMI has not once closed above its cumulative volume weighted average price since it began trading. However, Monday and Tuesday were NUMI’s first two trading days where it surpassed its cumulative volume weighted average price in intraday trading.
NUMI saw some profit taking yesterday afternoon and dipped from its morning high of $0.53 to close at $0.465 per share. One week from today, Wednesday, November 4th, could be a big day for NUMI if the Oregon and Washington DC psilocybin ballot initiatives pass on Tuesday evening.
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