Anavex Life Sciences Corp (AVXL)

[drv17]

Thank you. It is just puzzling to me. The rough average daily volume was about 750,000 shares leading up to this. The price share closed at $2.66 on 7/2 and opened at $3.21 on 7/3 then ran up to $3.82 on the day.

I see a similar pattern the beginning of June where the average daily volume was less than 300,000 shares. On June 1st AVXL closed at $2.87 on June 4th it opened at $2.92 and then ran up to $3.78 on 4,572,467 shares.

I guess it is possible that some institutions are adding at the beginning of reporting periods and the interest is increasing and July being a more logical start of a fiscal quarter that created this large volume.