(October 19 – 18:35 ET) – High-risk auto insurer Kingsway Financial Services Inc. has been asked by the Toronto Stocks Exchange to comment on extradoridinary trading of its shares which occurred today. Kingsway says that it is not aware of any reason for this trading activity.
Kingsway shares plummeted 28% shortly before today’s close. The shares shed $1.60 to finish at $4, just $1 above the stock’s 52-week low. Today’s volume was 26,009 shares.
-IE Staff
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