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Microcap Report: Imris Inc. (T.IM) active on NASDAQ compliance notice

Stockhouse Editorial
0 Comments| August 29, 2014

IMRIS (TSX: IM, Stock Forum) slipped 9% to 90 cents Friday after the company said it had received notice from NASDAQ Stock Market LLC that it had slipped out of compliance due to the fact it had traded below the minimum $1.00 per share for the previous 30 consecutive business days.
According to the news release, the company has 180 calendar days or until February 23, 2015 to regain compliance and if at any time the company manages to trade over the minimum for at least ten consecutive business days, it will be deemed as compliant and the matter will be closed.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Ivanhoe Energy Inc. (T.IE, Stock Forum) 55.62%
Inspiration Mining Corporation (T.ISM, Stock Forum) 53.33%
Lakeview Hotel Investment Corp. (V.LHR, Stock Forum) 51.16%
Goldstrike Resources Ltd. (V.GSR, Stock Forum) 28.57%
Graphene 3D Lab Inc. (V.GGG, Stock Forum) 17.45%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Stellar Biotechnologies, Inc. (V.KLH, Stock Forum) -17.22%
Iona Energy Inc. (V.INA, Stock Forum) -13.33%
Manitok Energy Inc. (V.MEI, Stock Forum) -13.17%
Immunovaccine Inc. (V.IMV, Stock Forum) -9.68%
Horizons BetaPro S&P\/TSX Global Gold Bear Plus ETF (T.HGD, Stock Forum) -2.90%

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