Emerge Commerce (OTC: EMCMF) Share price down 8.8%

Emerge Commerce Ltd. (OTC:EMCMF – Get Rating) fell 8.8% during Friday’s midday session. The company traded as low as C$0.16 and last traded at C$0.16. About 200 shares were traded during trading, a 90% drop from the average daily volume of 1,916 shares. The stock had previously closed at C$0.17.

EMCMF has been the subject of several research analyst reports. Raymond James lowered his price target on Emerge Commerce from CA$2.25 to CA$1.00 in a Tuesday, May 3 research report. Canaccord Genuity Group lowered its target price on Emerge Commerce from C$0.50 to C$0.35 in a report released on Tuesday, May 31.

Emerge Commerce Company Profile (OTC: EMCMF)

Emerge Commerce Ltd. owns and operates online e-commerce marketplaces in Canada and the United States. Its major operating e-commerce brands include truLOCAL.ca, UnderPar.com, JustGolfStuff.ca, WagJag.com, BeRightBack.ca, BattlBox.com, CarnivoreClub.co and WholesalePet.com. The company was founded in 2016 and is headquartered in Toronto, Canada.

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