13:21:30 EDT Tue 26 May 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Shell Summary for March 26, 2020

2020-03-26 20:19 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange added 2.76 points to close at 398.43 Thursday. Urs Meisterhans's thinly traded Summus Solutions NV (SS: $0.50), which has been acting like a shell on the TSX-V for seven years, has now been downgraded to the NEX. It joins many other former TSX-V issuers that have fallen out of favour and have become NEX shells.

Summus Solutions, formerly called Warrior Energy NV, began trading as an Alberta oil and gas explorer in 2002. At the time, it had one property in Garrington, Alta. Warrior's stock peaked at $4.95 in the summer of 2008, when the company acquired a natural gas property in Wyoming. Unfortunately, whatever potential the deal had fell victim to poor timing -- markets crashed later that year, and Warrior's stock plummeted along with the rest of the market. In October, 2009, the company handed over its Wyoming property to a creditor, Macquarie Bank Ltd., to which Warrior could not repay a $3.43-million (U.S.) debt. By this time, the stock was at 16.5 cents.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.