ACST Stock Alert: 13 Things for Acasti Pharma Investors to Know as Shares Rocket Monday

Acasti Pharma (NASDAQ:ACST) stock is on the rise Monday despite a lack of news concerning the company.

colorful pills and vials sitting on a table

Source: Bukhta Yurii /

Here is everything potential investors in ACST stock need to know as shares soar higher today.

  • The increase in price for ACST stock comes alongside a spike in trading for its shares.
  • As of this writing, more than 101 million shares have changed hands.
  • That’s a massive increase from its daily average trading volume of 28 million shares.
  • Unfortunately, it’s unclear what’s behind the increase in ACST stock today.
  • Its possible investors are boosting the stock higher today in hopes of cashing out profits.
  • Strangely enough, this isn’t the first time that ACST stock has been the target of such movement.
  • A similar event took place on Dec. 23.
  • At that time, the stock was up roughly 100% without there being any news about it.
  • For a period after that, the stock dropped back down before steadily increasing again.
  • It’s worth pointing out that ACST is a penny stock and those are typically more susceptible to volatile price changes.
  • Even after its rally today, Acasti Pharma is still only seeing shares of its stock trade for about 83 cents each.
  • Acasti Pharma is a pharmaceutical company with a focus on developing cardiovascular drugs.
  • This has seen it using its medications to treat patients suffering from hypertriglyceridemia.

ACST stock was up 44.4% as of Monday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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