Welcome Snackers, today’s snack will cover the market developments of DanCann Pharma A/S and Aquaporin A/S.
Today’s Market Movements
Denmark: OMX:C25 (+1.02%) ; Sweden: OMX:S30 (-0.04%) ; Norway: OBX:OSL (+0.24%) ; S&P 500 (+0.23%) ; Nasdaq (+0.44%)
Global markets experienced reduced trading volumes today as a result of US markets being closed for thanksgiving. US markets closed yesterday’s session higher, despite opening lower, following news of pandemic-era record low jobless figures and rising inflation. Markets digested the data and concluded the strong US economic recovery outweighs inflationary pressures. European markets today rode that same wave and generally traded in the green ending this week’s run of losses. The Covid-19 situation in Europe is not improving; however, the price of Brent crude dipped slightly following an OPEC+ statement claiming Biden’s emergency supply shock may swell the global oil surplus in early 2022.
Today’s snacks
DanCann Pharma A/S gained 10.3% today as the news that the new German coalition government between the Social Democrats, the Greens and the Liberals will legalise cannabis for recreational use. The company are expected to release their Q3 earnings report tomorrow. On Monday 29 Nov, HC Andersen Capital will discuss the report with DanCann Pharma CEO Jeppe Krog Rasmussen on Monday 29 Nov. Sign up here, https://lnkd.in/eK7u8Pns [Event in Danish]
Aquaporin A/S gained 9.6% today as the stock experiences some rebound effect following recent negative momentum. Yesterday the company announced a downgrade of its guidance, simultaneously announcing a management reshuffle and new CEO. The company held an event with HC Andersen Capital today [held in English] where the CEO and Chief Innovation Officer discussed the report, pipeline orders and upcoming cooperations. View here: https://lnkd.in/dewNk9vq
Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement.
Author: Philip Coombes
