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Crednology Holding Corp. (COHO)
Crednology Holding (COHO Chart), as you can probably guess, is a holding company as well. Last month, COHO announced that it had no other option but to file a 10:1 reverse split which significantly dropped the COHO stock price. However, this penny stock put out news this morning right after the opening bell and saw its share price double instantly. It even set a new one month high.
The company announced that it had filed its financial statements for 2018, which included an increase in revenue and a large increase in EBITDA. The company reported that this was nearly double from the previous year. Furthermore, the CEO said in a statement that the company has been able to cancel the previously planned reverse split. Where will COHO shares be by next week?