China Mobile mobile shares have been delisted from the New York Stock Exchange since January 11. Since then, China Mobile mobile shares remain under pressure on the other stock exchanges even though investors in this company stand to gain a lot more for taking a comparatively smaller risk. Fundamental analysis: China Mobile shares are trading at less than eight times forward earnings In November, Donald Trump has signed an order that bans U.S. investors from buying Chinese companies that the U.S. said supported China’s military, intelligence and security services. At the beginning of January, New York Stock Exchange confirmed that it would delist China Mobile and other Chinese telecoms. Last week, the company filed a request in Hong Kong asking the New York Stock Exchange to reverse its decision to delist their American depositary receipts. If the New York Stock Exchange changes its decision in the meantime, that will undoubtedly be positive news for this company’s shareholders. “Removal of stock from a major exchange doesn’t mean investors can’t trade it, but it comes with greater risk. Shares go “over-the-counter,” meaning they’re outside the system of major financial institutions and cannot guarantee sellers will quickly find a buyer without losing
GameStop (NYSE: GME) shares have exploded this January, and the price has advanced more than 250%. The current risk/reward ratio is not good for long-term investors, although some analysts say that the price of GameStop shares could advance even more. Fundamental analysis: GameStop is overvalued GameStop is an American video game, consumer electronics, and gaming merchandise retailer that operates in more than 5,500 retail stores worldwide. GameStop shares advanced 51% on Friday and were halted earlier after a near 70% intraday rise. The stock is up more than 250% in less than three weeks, and it is important to say that Bloomberg reported that the volatility has been at the highest level for the stock ever. There is no reasonable explanation for this jump, but some market analysts say that many bullish talks from the popular Reddit WallStreetBets forum influenced this. GameStop shares could advance even more, but the current risk/reward ratio is not good for long-term investors, and my opinion is that this company is extremely overvalued. GameStop reported Q3 results at the beginning of December; total revenue has decreased by 30.6% Y/Y to $1B while Q3 GAAP EPS was -$0.29 (beats by $0.58). Total revenue has decreased
VANCOUVER, BC, Jan. 22, 2021 /CNW/ - Trading resumes in:
Company: Orchid Ventures Inc.
CSE Symbol: ORCD
All Issues: No
Resumption (ET): 1:00 PM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC)
