Intellipharmaceutics up 10% ahead of possible reverse stock split [Seeking Alpha]
INTELLIPHARMACEUTICS (IPCI)
Last intellipharmaceutics earnings: 10/15 05:15 pm
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US:NASDAQ Investor Relations:
ir.intellipharmaceutics.com
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Source: Seeking Alpha
Intellipharmaceutics up 10% ahead of possible reverse stock splitThinly traded nano cap Intellipharmaceutics (IPCI+9.9%) is up on modestly higher volume in early trade. Shares have rallied almost50% since early May.No particular news accounts for the action, although the company is working on a plan to regain compliance with Nasdaq's $1 minimum bid price listing requirement, a plan that will almost certainly include a reverse stock split. Last week, the companyannounced that it received a non-compliance letter from Nasdaq related to its bid price deficiency, adding that it proactively addressed the issue with the Hearings Panel in mid-May after which it granted the company a further extension to implement a fix.See all stocks on the move »Now read:Alkermes (ALKS) Webinar On ALKS 3831 Drug - Slideshow »
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