share_log

Traction Uranium Corp To Carry Out 1-for-10 Reverse Stock Split On September 26th, 2024

Moomoo News ·  Sep 24 03:35

September 24th (Eastern Time) - $Traction Uranium Corp (TRAC.CA)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 26th, 2024.

$Traction Uranium Corp (TRAC.CA)$ closed at CAD$0.04 on September 23rd with a turnover of CAD$743.76.


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