share_log

Chemistree Technology Inc To Carry Out 1-for-10 Reverse Stock Split On June 24th, 2024

moomoo News ·  Jun 20 21:00

June 20th (Eastern Time) - $Chemistree Technology Inc (CHM.CA)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 24th, 2024.

$Chemistree Technology Inc (CHM.CA)$ closed at CAD$0.005 on June 18th with a turnover of CAD$1,000.


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
    Write a comment