Net Element Inc NETE:NASDAQ

Last Price$11.60NASDAQ Previous Close - Last Trade as of 4:00PM ET 7/10/20

Today's Change0(0.00%)
Bid (Size)$11.54 (7)
Ask (Size)$11.73 (4)
Day Low / HighN/A - N/A
Volume639.2 K

Net Element Soars 17% After Trading Halt; Gets Board Authorization to Explore 'Strategic Alternatives'

1:36PM ET 5/06/2020 MT Newswires
Shares of Net Element (NETE) surged by 19% intraday after coming off a trading halt as the company disclosed its board has authorized it to "explore strategic alternatives" with a view to unlocking shareholder value.

The company said it will evaluate "all potential options," including a sale, licensing of technology, spin-offs or mergers.

"Net Element has optimized operations company-wide and implemented efficiencies, achieving cost savings," Executive Chairman Oleg Firer said. "At the same time, it appears that the public markets do not appropriately recognize the value of our business."

Price: 2.18, Change: +0.32, Percent Change: +17.20