Akanda Corp (AKAN) Soars on Telecom Expansion – What It Means for Investors
Stock Price & Recent Performance Akanda’s stock has been on a rollercoaster. After languishing through 2024 “flying under the radar” stocktitan.net, AKAN came alive this October. The share price erupted over 100% intraday on Oct. 1 amid a burst of interest in the company’s new direction stocktitan.net. Traders cite the ultra-low float – under 0.73 million shares – as a catalyst for these outsized swings. When positive news hits a micro-cap with so few shares available, “even modest buying pressure can create explosive moves” stocktitan.net. Conversely, any wave of selling can also trigger sharp pullbacks, making AKAN a volatile ride.