Cannasouth investors got a taste of life at the speculative end of the share market when the newly-listed cannabis research stock traded in a gaping 41 per cent range on the day.
Shares in Cannasouth, which develops medicinal cannabis treatment options for clinicians, doctors and patients, hit a high of 84c, then a low of 53c.
The stock finished at 54c, down 21c or 28 per cent on Monday's close, on volume worth $2.2 million. Yesterday the stock jumped 29 per cent to 75c on a volume of 2.3m shares, its busiest day since listing in June.
The extreme trading in Cannasouth over the last few days prompted a "please explain" request from the NZX.
NZX Surveillance noted that the share price had rallied by 85.2 per cent from September 2 to Monday this week.