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RECHARGE RESOURCES LTD To Carry Out 1-for-2 Reverse Stock Split On August 18th, 2023

moomoo News ·  Aug 16, 2023 19:40

August 17th - $RECHARGE RESOURCES LTD (RECHF.US)$ is about to implement a 1-for-2 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 18th, 2023.

$RECHARGE RESOURCES LTD (RECHF.US)$ slipped 11.38% and closed at $0.17725 on August 16th with a turnover of $27,584.35. $RECHARGE RESOURCES LTD (RECHF.US)$ now has a total market capitalization of $12.28 million.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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