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CARNEGIE CLEAN ENERGY LTD To Carry Out 1-for-50 Reverse Stock Split On November 16th, 2023

Moomoo News ·  Nov 14, 2023 20:00

November 15th - $CARNEGIE CLEAN ENERGY LTD (CWGYF.US)$ is about to implement a 1-for-50 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 16th, 2023.

$CARNEGIE CLEAN ENERGY LTD (CWGYF.US)$ rose 7.22% and closed at $0.000965 on November 14th with a turnover of $224.92. $CARNEGIE CLEAN ENERGY LTD (CWGYF.US)$ now has a total market capitalization of $15.09 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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