What's Going On With Bruush Oral Care Stock?
Portfolio Pulse from Erica Kollmann
Bruush Oral Care Inc. (NASDAQ:BRSH) shares surged on high volume after receiving a notice from Nasdaq for non-compliance with the minimum bid price requirement. The company's stock had closed below $1.00 for 30 consecutive days. Bruush has until May 13, 2024, to regain compliance, potentially through a reverse share split. Over 68 million shares traded, far exceeding the 100-day average of 1.62 million. BRSH shares are currently up 116% at 37 cents.
November 20, 2023 | 4:11 pm
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Bruush Oral Care Inc. stock experienced a significant surge due to heavy trading volume after a Nasdaq non-compliance notice. The company has time until May 2024 to regain compliance, possibly through a reverse stock split.
The sharp increase in BRSH's stock price is likely due to the high trading volume triggered by the news of Nasdaq's non-compliance notice. The potential for a reverse stock split to regain compliance may also be influencing investor behavior. However, the stock is still trading below the $1 threshold, indicating that the surge may be short-lived unless the company takes effective action.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100