SRX Global is trading 7.1% up at $2.11 as the stock continues to react to its recent 60-for-1 reverse split and newly approved $0.05 one-time cash dividend.
- The company highlighted a strong June 30 balance sheet with approximately $40 million in cash, over $15 million in short-term investments, and no debt following the EMJX acquisition.
- Pre-market gains extend a sharp rebound seen in after-hours trading on July 8, supported by renewed investor interest in the company's post-consolidation capital structure.