Why China Jo-Jo Drugstores Shares Are Skyrocketing Today?

  • China Jo-Jo Drugstores Holdings Inc CJJD stock is surging Wednesday morning following the termination of its previously announced equity offering.
  • The company had announced registered direct offering to issue 2.3 million shares and registered warrants to purchase up to 4.5 million shares to an institutional investor.
  • The purchase price for the equity offering was $3.10 per share.
  • The company had hoped to rake in $7 million in proceeds from the offering.
  • Price Action: CJJD shares are trading higher by 91% at $1.29 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Posted In: EquitiesNewsPenny StocksOfferingsMarketsMoversGeneralBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!