Why The SciSparc Stock Surged 17.46% (SPRC)

By Amit Chowdhry ● Jan 24, 2023
  • The stock price of SciSparc (SPRC) surged by 17.46% in the most recent trading session. This is why.

The stock price of SciSparc (SPRC) surged by 17.46% in the most recent trading session.

Why: SciSparc announced that its board of directors has decided to examine alternative measures to address concerns of illegal short sales of its ordinary shares. And the company said that believes that certain individuals and/or companies may have engaged in illegal short-sale practices that have artificially depressed the company’s share price.

So SciSparc is evaluating several options and following the example of other public companies listed on the Nasdaq and NYSE American like Helbiz, Inc. and Genius Group Ltd, and plans to retain third party professionals to review trading patterns of the company’s ordinary shares.