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Ausgold Ltd To Carry Out 1-for-10 Reverse Stock Split On August 6th, 2024

Moomoo News ·  Aug 5 09:00

August 5th (Australian Eastern Time) - $Ausgold Ltd (AUC.AU)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 6th, 2024.

$Ausgold Ltd (AUC.AU)$ slipped 3.13% and closed at AUD$0.031 on August 2nd with a turnover of AUD$315.7K.


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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