Artelo Biosciences Stock Just Whipsawed — Here’s What Traders Are Watching Now
Artelo Biosciences shares fell 10.5% to $1.19 Friday, then jumped to $2.01 in after-hours trading. The company activated a $75 million shelf registration May 19 and ended its at-the-market stock-sale agreement after raising $451,527. Artelo reported a Q1 net loss of $3 million and held $10.3 million in cash and investments as of March 31.