InMed Pharmaceuticals Inc (INM): Nice... InMed Starting to Catch Fire...

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InMed Pharmaceuticals Inc (INM)

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Re: evelmoose post# 2803

Tuesday, 05/23/2017 9:46:15 AM

Tuesday, May 23, 2017 9:46:15 AM

Nice...
InMed Starting to Catch Fire

InMed Pharmaceuticals Inc. (IMLFF) closed Friday down 5.3% but the shares ended the week up more than 12% off its lows and we think this is a stock investors need to watch. IMLFF broke below its 20 and 50-day moving average on this move lower and we think the shares are set to move higher as trading volume was well below its weekly average on Friday.

Earlier this month, InMed filed a provisional patent application in the United States for a cannabinoid-based topical therapy for glaucoma. The company has taken steps to execute on its strategy and has several event-driven catalysts set to occur in the back half of the year.

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Recent INM News

Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 04:48:29 PM
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