Quoin Pharmaceuticals Shares Trading Following Effect Of 1:12 Reverse ADR Split
Portfolio Pulse from Charles Gross
Quoin Pharmaceuticals has implemented a 1:12 reverse ADR split, which has resulted in the trading of its shares.

July 18, 2023 | 9:21 am
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NEUTRAL IMPACT
Quoin Pharmaceuticals' shares are trading after a 1:12 reverse ADR split. This could potentially affect the stock's liquidity and market perception.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price. However, it can also negatively impact the stock's liquidity and market perception as it often indicates a company's struggle to boost its stock price. Therefore, the impact on Quoin Pharmaceuticals' stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100