Inspire Veterinary Partners Inc. (NASDAQ:IVP) jumped 30.87% in after-hours trading to $0.030 on Tuesday.
Check out the current price of IVP stock here.
According to Benzinga Pro data, the stock closed at $0.023 during the regular trading session, down 36.99%.
Share Authorization Expansion Approved
The veterinary services company filed a Certificate of Amendment on Jan. 9, increasing its authorized Class A common stock from 100 million to 700 million shares, according to a Securities and Exchange Commission filing.
The amendment received board and requisite stockholder approval under Nevada law.
This represents a 600% increase in authorized shares of Inspire Veterinary Partners.
Trading Metrics, Technical Analysis
The Relative Strength Index (RSI) of the Virginia-based company is 48.76.
IVP has a market capitalization of $872,830, with shares trading between a 52-week high of $4.25 and a 52-week low of $0.02.
The stock of the small cap company has fallen 99.42% over the past 12 months, reflecting a severe long-term decline and signaling that traders should remain cautious.
Currently, the stock is trading at 0.07% of its 52-week range, placing it near its yearly low and highlighting the challenge of overcoming previous resistance levels.
Benzinga’s Edge Stock Rankings indicates IVP stock has a negative price trend across all time frames. Here is how the stock fares on other parameters.
Photo Courtesy: yanadhorn on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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