Avecho Biotechnology Limited (ASX:AVE) Addresses Recent Securities Trading
Recent Securities Trading
Avecho Biotechnology Limited (ASX:AVE) addressed ASX’s inquiries regarding the recent increase in trading volume and price fluctuations of its securities.
Potential Phase III Clinical Trial Success
The company attributes the trading activity to market speculation surrounding its Quarterly Activities Report and Appendix 4C, which announced potential positive results in a Phase III clinical trial for a CBD product treating insomnia.
Compliance with Listing Rules
Avecho confirmed it is in compliance with ASX listing rules, specifically Listing Rule 3.1, and that the board has authorised the responses provided.
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