What To Expect From Acasti Pharma Inc (NASDAQ:ACST)?

Acasti Pharma Inc (NASDAQ:ACST) is falling a bit after gaining about 18% in yesterday’s trading session.

Market Action

As of 9:50, ACST stock fell 1% to $0.5310. The stock has seen a total volume of 90 million shares, compared to its average volume of 14.88 million shares.  The stock opened at $0.57 and moved in a wide range of $0.5055 – 0.5650.

ACST Released News Earlier This Week

Mon, 17 May, 2021  Acasti Intends to Request Hearing Before Nasdaq Panel to Present Plan of Compliance

  • ACST announced that, on May 11, 2021, the Company received notice from the Nasdaq Listing Qualifications Department (the “Staff”) indicating that, based upon the Company’s non-compliance with the $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a) (the “Rule”) as of May 10, 2021, the Company’s securities were subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”).
  • The Company has previously disclosed and expected such notification from Nasdaq and believes it has options to regain compliance, preferably in connection with its proposed acquisition of Grace Therapeutics, Inc. (“Grace”) as is often done in connection with similar transactions.
  • The Company plans to timely request a hearing, which will stay any further action by Nasdaq pending the conclusion of the hearing process.

Trader Notes

Share Information

SHARE FLOAT (%)207.83 M (99.74%)

Recent Stock Performance

5-DAY PERF.+21.77%
1-MONTH PERF.+26.68%
3-MONTH PERF.-43.49%
6-MONTH PERF.+119.48%
YTD PERF.+62.62%
1-YEAR PERF.-17.42%

Moving Averages

+/- EMA(20)0.48 (+10.42%)
+/- SMA(50)0.54 (-1.85%)
+/- SMA(200)0.47 (+12.77%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI2094.9854BuyChaikin Money Flow-0.2743Sell
MACD-0.0294SellMoney Flow Index73.4144Buy
STOCH (14,3)63.8816BuySTOCH RSI1.0000OverBought
UO54.4850BuyWilliams %R-36.1184Neutral

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