Slap On Wrist For CannTrust From NYSE Over Low Stock Price

Slap On Wrist For CannTrust From NYSE Over Low Stock Price

This is the second time this has happened, the last being December last year. The market jitters over coronavirus aren’t going to make things any easier for them also. MJ Biz report The NYSE requires the average closing price of common shares to be at least $1 over a consecutive 30 trading-day period. As of Feb. 25, CannTrust’s 30 trading-day average was $0.99. Under NYSE rules, CannTrust can regain compliance at any time during the six-month period if its common shares have a closing price of at least $1 on the last trading day of any calendar month during the…

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Source : CANNANNEW REPORT
Link to original : Slap On Wrist For CannTrust From NYSE Over Low Stock Price
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