ESSA Pharma in the spotlight

Evaluating the recent $EPIX sell-off

Essa ($EPIX) is down 50% in the last month, with really aggressive selling coming in the last 6 trading days. Since Thursday August 5th, Essa has traded a total of 5.8M shares, equaling approximately $98M. That is uncommon for a company with 41M shares outstanding and float of roughly 26M shares. The most startling part of it all is that no news has bee…