Quoin Pharmaceuticals, Ltd. QNRX shares are trading higher on Friday. QNRX effected an ADS ratio change that moved its stock from one for 5,000 shares to one for 6,000 shares on Tuesday.
What To Know:
Quoin Pharmaceuticals shares are moving on very heavy volume and trading has been halted on circuit breakers multiple times. QNRX has grabbed the attention of retail investors, and the stock is currently trending on StockTwits and Yahoo! Finance.
According to data from Benzinga Pro, more than 1.73 million shares have been traded, far exceeding the QNRX 100-day average of 20.42 thousand shares. On Tuesday, QNRX shares enacted an ADS ratio change equivalent to a 1-for-12 reverse stock split.
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QNRX Price Action: According to Benzinga Pro, Quoin Pharmaceuticals shares are trading 27.8% higher at $8.32 at the time of publication.
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