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NYSE suspends India Globalization Capital, begins delisting

Published 10/29/2018, 04:58 PM
© Reuters.  NYSE suspends India Globalization Capital, begins delisting
IGC
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  • Trading in India Globalization Capital (NYSEMKT:IGC) has been suspended by NYSE, which is beginning a delisting process for the stock.
  • It's been a wild couple of months for the heavy steel/ore trader-turned-cannabinoid beverage maker. Shares that were $0.47 on Aug. 20 jumped to $2.04 over the next nine days, and hit $14.58 in early October.
  • They've since fallen back to $2.49. Shares were trading up 4.8% premarket before a halt today.
  • And Citron called the company a "gift" short back on Oct. 2 when the shares were peaking.
  • Now read: Allison Transmission +2% after earnings topper


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