The Tell: NeuroMama trading suspended by SEC over suspected manipulation

NeuroMama Ltd. had trading of its stock temporarily suspended by the Securities and Exchange Commission on Monday because of suspected stock manipulation.

The trading halt will last until Aug. 26, according to the SEC.

Shares of the Playas de Rosarito, Mexico-based internet portal and search engine NERO, -0.44% have jumped more than 300% year-to-date, valuing the company’s over-the-counter traded stock at $35.4 billion. Much of that rise started in mid-April when thinly-traded shares rallied from about $16 to more than $55 by August.

Details regarding the total ownership of the company’s 630 million outstanding shares is unknown, according to FactSet.

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