Ecofibre investors enjoying the high.


Hemp technology provider Ecofibre Limited (ASX:EOF) has given investors quite the buzz this morning as trade began around 11am. Prices peaked as high as $1.75, up 75% from the ask, and have since settled to a little over $1.60 per share.

Ecofibre is involved in the entire gamut of hemp products, including flower, food, oil and clothing, and will use the IPO funds primarily to accelerate the commercialisation of Hemp Black (a composite material product) and to provide working capital for the accelerated future growth of its Food products.

Whilst we expect shares of this stock to be in high demand, volume shows that at least a few are just taking a quick hit before passing it on - You can keep track of prices via the 2019 Scorecard.