Lexaria Bioscience Corp (OTCMKTS:LXRP) is a penny stock that has grabbed hold of the attention of traders during the stock’s recent bounce. Shares have been on fire of late, and management is actively investing in greater awareness on the story, recently contracting CFN Media as an agency toward that end. The initial step in the promotion is an active focus on the company as having “innovative technology that makes cannabinoid-infused products more palatable and bioavailable for patients.”
Recent action has seen 89% piled on for shareholders of the name during the trailing month. The situation may be worth watching. LXRP has a track record that includes a number of dramatic bounces. Moreover, the company has benefitted from a jump in recent trading volume to the tune of 280% beyond its prior sustained average level.
Lexaria Bioscience Corp (OTCMKTS:LXRP) promulgates itself as a company that, through its subsidiary, PoViva Tea LLC, produces and