TerrAscend Shares Plunge 11.8% to C$0.95 on 258,905-Share Volume
TerrAscend Corp.'s share price fell 11.8%, sliding from a C$1.10 close to an intraday low of C$0.95 before settling at C$0.97. Mid-day trading volume reached 258,905 shares.
1. Significant Intraday Price Decline
TerrAscend Corp. shares fell sharply by 11.8% on Tuesday, dropping from a previous close of C$1.10 to as low as C$0.95 during midday trading before settling at C$0.97. This represents the steepest single‐day percentage loss for the stock in over six months and marks a cumulative decline of 23% from its 30‐day high of C$1.26.
2. Elevated Trading Volume Reflects Heightened Investor Activity
Trading volume surged to approximately 258,905 shares by mid‐day, more than double the company’s 90‐day average daily turnover of 124,000 shares. This spike in activity suggests increased selling pressure, as sell orders accounted for 62% of the volume, indicating that institutional and retail holders were both trimming positions.