Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) On The Rise

Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) has been attracting some substantial interest since the company announced that it will branch out in the medical marijuana sector with a line of beauty and health hemp-based products.

After the initial upward run, however, the stock became quite volatile and there were some corrections. The ticker had lost about half the value it had gained in its peak, but last week proved to be profitable for EAPH‘s shareholders.

We saw some good news on March 11, as EAPH announced that they are going to make a Registration A filing to raise up to $5 million per year, because they were already nearing their $1 million limit.

This brought an instant 69% to the stock’s value on above average volume. The next 2 days, however, weren’t as successful and the stock began moving up again in the final session for the week with a 16.80% gain.

Yesterday, the company was also mentioned in a press release alongside Growlife, Inc. (OTCBB:PHOT) and Global Links Corp. (OTCMKTS:GLCO) as one of the few tickers from the medical marijuana sector that had a positive movement last week.

This led to a good start of for EAPH as the stock gained 27.38% over the course of the session and is reaching for its peak price, currently being traded at $0.0735. We also saw a lot of trading, as 62.1 million shares changed their owners, generating $4.4 million in dollar volume.

Still, judging by the chart movements, EAPH remains a volatile stock and it would be a good idea to do your due diligence and weigh out the risks before jumping in their bandwagon.