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Real Messenger Corp (NASDAQ:RMSG) shares are trading lower on Wednesday. The decline follows extreme price volatility and a massive surge earlier this week.
Momentum Traders Take Profits
The stock experienced a dramatic 474% jump on Monday. Shares rose from a $0.47 close to highs of $2.70. Wednesday’s decline indicates a pullback as momentum traders take profits after those rapid gains.
Nasdaq Deficiency Notice Received
The company recently faced regulatory hurdles. On April 8, the real estate technology company announced it received a Nasdaq notification letter. The letter, dated April 6, cited a stockholders’ equity deficiency. Reported equity sat at …
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