The stock of S Split Corp. (TSE:SBN) is a huge mover today! About 12,000 shares traded hands or 465.24% up from the average. S Split Corp. (TSE:SBN) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 6 months negative chart setup for the $7.29M company. It was reported on Sep, 13 by Barchart.com. We have $5.35 PT which if reached, will make TSE:SBN worth $947,700 less.
S Split Corp. is a Canada mutual fund corporation. The company has a market cap of $7.29 million. The Fund’s investment objectives for the Preferred Shares are to provide holders of Preferred shares with fixed cumulative preferential monthly cash distributions in the amount of over $0.04 per Preferred share representing a yield on the issue price of the Preferred shares of approximately 5.25% per annum and to return the issue price of over $10 per Preferred share to holders of Preferred shares upon termination of the Fund. It currently has negative earnings. The investment objectives for the Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions targeted to be over 6.00% per annum on the net asset value (NAV) of the Class A Shares, and to provide holders of Class A Shares with the opportunity for leveraged growth in NAV and distributions per Class A Share.
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