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$CAN TRANSFERS TO NASDAQ CAPITAL MARKET — WILL THE $1 BID SURVIVE? 🚀
Canaan just moved to a less strict exchange tier after their stock closed below $1 for 30 days straight. The first compliance deadline hits July 13th and they’ve already applied for an extra 180 days — classic last-minute Hail Mary in the mining sector.
Volume picked up sharply after the announcement and the bid currently sits just under $1. If they can reclaim that level before the extension decision, shorts could get squeezed hard. Do you think they’ll hold the line or is delisting inevitable?
Not financial advice. Always manage your risk.
#CAN #MiningStocks #Nasdaq #Turnaround #CryptoMining
🚀
Canaan just moved to a less strict exchange tier after their stock closed below $1 for 30 days straight. The first compliance deadline hits July 13th and they’ve already applied for an extra 180 days — classic last-minute Hail Mary in the mining sector.
Volume picked up sharply after the announcement and the bid currently sits just under $1. If they can reclaim that level before the extension decision, shorts could get squeezed hard. Do you think they’ll hold the line or is delisting inevitable?
Not financial advice. Always manage your risk.
#CAN #MiningStocks #Nasdaq #Turnaround #CryptoMining
🚀
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