Another new weed-play
.55 seems high. I'd wait till they release more shares than 10M. It's bound to drop back to .40 within weeks. Or maybe buy now just to keep until they release more info, i'd say this goes up to .65 in a week, then back down to .40 in the weeks after.
It seems all new stocks are very erratic, but always jump high above the initial SP, then well below before leveling to a normal routine depending on the news they deliver.