This morning many analysts and market participants are expected to keep an eye on the Smooth Rock Ventures Corp (OTCMKTS:SMRVF) stock and see if it can make a move following the developments on Monday.
Trading Data
On Monday, SMRVF stock ended flat at $0.0253 with more than 750 shares, compared to its average volume of 116 shares. The stock has moved within a range of $0.0253 – 0.0253 after opening trade at $0.0253.
Smooth Rock Ventures Announces Share Consolidation and Change to Ticker Symbol
Yesterday, the company was in the news after it made a key announcement but it did not do much for the Smooth Rock stock, which continued to trade in a range. On Monday, the company announced that it had decided to move for a consolidation of the common shares on a three for one format. In addition to that, Rock Ventures also announced that it had changed its ticker symbol from SMRV to SOCK.
These are highly important announcement and in general, it can have an effect on the stock price. However, there was not much movement yesterday and the stock traded within a range. Before the consolidation, Smooth Rock had a total of 74024406 issued and outstanding common shares.
However, after the move to consolidate the shares, the numbers came down to 2,4674,794. It now remains to be seen if the moves from the company result in any fresh move on the stock or not. It may be a good idea to keep an eye on the Smooth Rock stock today.
