share_log

Goldflare Exploration Inc To Carry Out 1-for-5 Reverse Stock Split On September 4th, 2024

Moomoo News ·  Aug 30 20:45

August 30th (Eastern Time) - $Goldflare Exploration Inc (GOFL.CA)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 4th, 2024.

$Goldflare Exploration Inc (GOFL.CA)$ closed at CAD$0.01 on August 29th with a turnover of CAD$320.


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