Ridgeline Energy Services (TSXV:RLE), a water treatment and energy technology company, published an interesting News Release this morning, after shares in the TSX-V listed startup slid more than 40% in July alone. The NR seeks to calm the market and appears to have done so slightly, stating that the company will not need to dilute its equity over the coming year, among other things, including a proposed name change to RDX Technologies Corporation. Shares in RLE were up 16.7% to .245 at press time.

TSXV:RLE 12 months (Stockwatch)

TSXV:RLE 12 months (Stockwatch)

Read: Ridgeline Clarifies Investor Questions.