BCSC issues halt trade order on Valorem Resources Inc. after unsubstantiated claims online

News, market analysis, investment scam prevention tips and more ✔️ Your source for latest asset management news and information. This magazine is crafted specifically for those who are interested in diving into the global asset management world. VANCOUVER, BC, April 30, 2021 /CNW/ - The British Columbia Securities Commission (BCSC) has ordered a halt to the trading of securities of Vancouver-based Valorem Resources Inc. after unsubstantiated statements about the company appeared on a financial news website, followed by an increase in trading of its shares. The information on the-financialnews.com made projections about the mining reserves at Valorem's Black Dog Lake property in Quebec, as well as Valorem's future share price. Before the information was posted on or around April 15, Valorem's 30-day average trading volume was 1.3 million shares. Between April 16 and April 29, this increased to a daily average of 4.4 million shares traded. During that same time period, the average closing price climbed to $0.26 per share from a previous 30-day average of $0.16 per share. Valorem, which is listed on the Canadian Securities Exchange and the Frankfurt Securities Exchange, stated in an April 16 news release that the company was "the target of false statements being made by [the website] about the nature of our assets." The BCSC order against trading of Valorem securities extends until May 21, 2021. The BCSC may issue a halt trade order when it becomes aware of information, other than information filed under the Securities Act, that may cause unusual trading of an issuer's securities. BCSC halt trade orders can last no more than 15 business days, although they can be extended.  About the British Columbia Securities Commission (www.bcsc.bc.ca)The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:A securities market that is fair and warrants public confidence A dynamic and competitive securities industry that provides investment opportunities and access to capital Learn how to protect yourself and become a more informed investor at www.investright.org.SOURCE British Columbia Securities Commission To keep reading about BCSC issues halt trade order on Valorem Resources Inc. after unsubstantiated claims online, Click on the link. Seoul, Korea
http://dlvr.it/RypSjh

Comments

Post a Comment

Popular posts from this blog

AstraZeneca Begins Phase I Trial Of AZD7442 Against COVID-19 – Quick Facts

Image
(RTTNews) - AstraZeneca Plc (AZN.L, AZN) said first participants have been dosed in a Phase I trial of AZD7442 for the prevention and treatment of COVID-19. The trial will evaluate the safety, tolerability and pharmacokinetics of AZD7442. It will include up to 48 healthy participants in the UK aged 18 to 55 years. AZD7442 is a combination of two monoclonal antibodies derived from convalescent patients with SARS-CoV-2 infection. Discovered by Vanderbilt University Medical Center and licensed to AstraZeneca in June 2020, the mAbs were optimised by AstraZeneca. Data readout from the trial is anticipated in the second half of 2020. To keep reading about AstraZeneca Begins Phase I Trial Of AZD7442 Against COVID-19 – Quick Facts, Click on the link. Seoul, Korea http://dlvr.it/RfHgSK
Read more

Coronavirus Hasn't Diminished Tech Stocks' Allure

Image
FYI: By Caitlin McCabe Caitlin McCabe The Wall Street Journal Biography caitlin.mccabe@wsj.com Updated April 20, 2020 6:14 pm ET The FANG trade hasn’t lost its bite. Big technology stocks are again charging to new heights and propelling the broader stock market, which is swiftly rebounding after a punishing selloff. The NYSE FANG+ index—which comprises Facebook Inc., FB -0.56% Amazon.com Inc., AMZN 0.78% Netflix Inc. NFLX 3.44% and Google parent Alphabet Inc., GOOG -1.30% along with Apple Inc., AAPL -2.08% Twitter Inc., Tesla Inc., TSLA -1.00% Nvidia Corp. NVDA -1.80% and the Chinese behemoths Alibaba Group Holding Ltd. and Baidu Inc. —is up 11% year-to-date after a dramatic rally last week. The four FANG stocks added $251 billion in market value last week, their biggest gain on record dating to Facebook’s 2012 initial public offering. The S&P 500, in comparison, is down 13% in 2020 but has r
Read more

Henlius Plans to File the NDA of Novel anti-PD-1 mAb HLX10 for the Treatment of MSI-H Solid Tumours, the Phase 2 Clinical Trial has Met the Primary Endpoint

News, market analysis, investment scam prevention tips and more ✔️ Your source for latest asset management news and information. This magazine is crafted specifically for those who are interested in diving into the global asset management world. SHANGHAI, March 28, 2021 /PRNewswire/ -- Shanghai Henlius Biotech, Inc. (2696.HK) announced that the Phase 2 study of its innovative PD-1 inhibitor HLX10 in patients with unresectable or metastatic microsatellite instability-high or mismatch repair-deficient (MSI-H/dMMR) solid tumors that fail to respond to the standard therapy has met the primary endpoint. Henlius plans to file a New Drug Application (NDA) to the National Drug Products Administration (NMPA) for the treatment of MSI-H solid tumours based on the results from the Phase 2 trial of HLX10, which will be presented at upcoming medical conferences. Professor Shukui Qin of No.81 Hospital of People's Liberation Army and Professor Jin Li of Shanghai East Hospital affiliated to Shang
Read more