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Bullboard - Stock Discussion Forum Cardiol Therapeutics Inc T.CRDL

Alternate Symbol(s):  CRDL

Healthcare
Cardiol Therapeutics Inc. is a clinical-stage life sciences company. The Company is focused on the research and clinical development of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease. Its lead drug candidate, CardiolRx (cannabidiol) oral solution, is pharmaceutically manufactured and in clinical development for use in the treatment of heart disease. It is... see more

TSX:CRDL - Post Discussion

Cardiol Therapeutics Inc > Friday’s Share Price Drop
View:
Post by Youhillman on Nov 01, 2021 12:03am

Friday’s Share Price Drop

Surprised by the 9+ %  drop in share price on Friday, I didn't see that coming.

I'm hoping it's a one day thing however technically the pattern suggests shorting the stock.

It almost feels like the sudden drop is due to some possible financing deal, it has that feel! 

if it is, there has to be a significant reason for it as Cardiol did one earlier this year, giving them more then a year of cash reserves to fund their research.

Stay tuned, I'm still long on Cardiol!
Comment by Youhillman on Nov 02, 2021 4:11pm
Well, well...... https://stockhouse.com/news/press-releases/2021/11/02/cardiol-therapeutics-files-preliminary-prospectus-supplement-for-proposed-public  
Cardiol Therapeutics Inc