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Microcap Report: Supreme Pharma (C.SL) active on share consolidation news

Stockhouse Editorial
1 Comment| July 18, 2014


Supreme Pharmaceuticals Inc. (CSE:SL, Stock Forum) jumped 11% to 8 cents Friday after the medical marijuana darling, announced  that it would be pursuing a 5 to 1 share consolidation, noting that in the process fractional shares would be rounded up. The volume was 7.9 million shares.

According to the news release, the consolidation would reduce the 290.44 million of issued and outstanding shares in the company to approximately 58.09 million new shares.

 

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Bioniche Life Sciences Inc. (T.BNC, Stock Forum) 96.88%
Pine Cliff Energy Ltd (V.PNE, Stock Forum) 25.36%
Highbank Resources Ltd. (V.HBK, Stock Forum) 17.86%
Merus Labs International Inc. (T.MSL, Stock Forum) 8.84%
Horizons BetaPro S&P 500 VIX Short-Term Futures Inverse ETF (T.HVI, Stock Forum) 7.59%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Artek Exploration Ltd. (T.RTK, Stock Forum) -4.26%
Dundee Precious Metals Inc. (T.DPM, Stock Forum) -3.93%
MAG Silver Corp. (T.MAG, Stock Forum) -3.39%
Petroamerica Oil Corp. (V.PTA, Stock Forum) -2.99%
Silver Standard Resources Inc. (T.SSO, Stock Forum) -2.50%


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Greenmind
It didn't JUMP up 11% to 8 cents, it DROPPED down 11% to 8 cents. Sorry to burst your bubble.
2 stars
July 18, 2014
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