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NEW AGE METALS INC To Carry Out 1-for-4 Reverse Stock Split On August 26th, 2024

Moomoo News ·  Aug 23 07:40

August 22nd (Eastern Time) - $NEW AGE METALS INC (NMTLF.US)$ is about to implement a 1-for-4 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 26th, 2024.

$NEW AGE METALS INC (NMTLF.US)$ slipped 0.45% and closed at $0.0221 on August 21st with a turnover of $11.05. $NEW AGE METALS INC (NMTLF.US)$ now has a total market capitalization of $4.9 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.

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