share_log

International Metals Mining Corp To Carry Out 1-for-4 Reverse Stock Split On November 20th, 2024

Moomoo News ·  Nov 19, 2024 04:35

November 19th (Eastern Time) - $International Metals Mining Corp (IMM.CA)$ is about to implement a 1-for-4 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 20th, 2024.

$International Metals Mining Corp (IMM.CA)$ rose 25.0% and closed at CAD$0.025 on November 13th with a turnover of CAD$5,285.


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