SRX Global is trading at $1.85 (6.1% down) in pre-market, pulling back after a sharp 45.9% jump in the previous session following a positive corporate update.
- The company reported an estimated net asset value (NAV) of approximately $3.07 per share, or $60 million total, highlighting that the stock was trading at a significant discount to its stated asset value.
- Recent milestones include the completion of the EMJX acquisition and a 1-for-60 reverse stock split, supported by a strong balance sheet featuring over $55 million in cash and short-term investments.