What's Going On With Bruush Oral Care Stock?

Bruush Oral Care Inc. BRSH shares are shooting higher Monday on heavy trading volume. Here's a look at what's going on:

What To Know:

On Nov. 15, Brush Oral Care received a notice from the Nasdaq Listing Qualifications Department that the company is currently not in compliance with the minimum bid price requirement because the closing bid price of BRSH shares was below $1.00 per share for a period of 30 consecutive business days.

Bruush Oral Care has 180 calendar days, or until May 13, 2024, to regain compliance with the minimum bid price requirement. BRSH shares will need to maintain a closing bid price per share of at least $1.00 for a minimum of ten consecutive business days in order to regain compliance.

Companies needing to regain compliance with the minimum bid requirement will often ask shareholders to approve a reverse share split in order to raise the stock's price per share above $1.00.

Shares of BRSH are moving on heavy trading volume. According to data from Benzinga Pro, more than 68 million shares have already been traded in the session, compared to the stock's 100-day average volume of 1.62 million shares.

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BRSH Price Action: According to Benzinga Pro, Bruush Oral Care shares are up 116% at 37 cents at the time of publication.

Image: nugroho dwi hartawan from Pixabay