share_log

Eastern Resources Ltd To Carry Out 1-for-10 Reverse Stock Split On November 22nd, 2024

Moomoo News ·  Nov 21 09:00

November 21st (Australian Eastern Time) - $Eastern Resources Ltd (EFE.AU)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 22nd, 2024.

$Eastern Resources Ltd (EFE.AU)$ closed at AUD$0.004 on November 19th with a turnover of AUD$3,696.


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