Pacific Edge is no longer a penny stock

Tue, 15 Dec 2020

Pacific Edge’s rally from 7 cents in March to $1 yesterday is sudden recognition of the value hidden below its diluted share price, but it may give those with long memories an uneasy sense of déjà vu.The company recaptured the affection of investors in the second half of the year when its Cxbladder range finally gained traction in the United States. This boosted its shares to about 65 cents, enough for it to replace the departing Metlifecare on the S&P/NZX 50 Index and for Jarden Research to begin analyst coverage.That c...

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