Ciao wrote: Stocker46 wrote: Amazing run in the 1st 3 days of this week ... up 70 cents or about 60%.
Will we see some profit taking tomorrow or are we headed for $2 plus?
It would be nice to see a jump to the main TSX exchange.
Regardless of how exciting the future for the company is, the fast runup will result in profit taking tomorrow. This will give an opportunity for new buyers to get in on the pull back.
From Q1 NR:
Gilles Gagnon, M.Sc., MBA, President and CEO of Ceapro, stated, “We are very pleased with ending the first quarter of 2016 with these exceptional results and aim to continue to drive value in our high-value de-risked base business in cosmeceuticals, which has shown to be a proven result of the effectiveness of our business strategy.”
“With these results combined with the recent announcement of the renewal of a long-term agreement with our major distributor, Symrise AG, Ceapro has established a solid base for year-over-year growth. Beyond these excellent financial results, we will continue to develop our pipeline and execute our projects rigorously toward market expansion into the profitable nutraceutical and pharmaceutical sectors as we anticipate top-line data from our beta glucan study and our avenanthramides bioavailability study, and our expected launch of Ceapro’s first two clinical studies this year with these two important value drivers.”
You can taste the excitement in his words.