June 7th - $HILLCREST ENERGY TECHNOLOGIES LTD (HLRTF.US)$ is about to implement a 1-for-6 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 8th, 2023.
$HILLCREST ENERGY TECHNOLOGIES LTD (HLRTF.US)$ slipped 14.05% and closed at $0.063 on June 6th with a turnover of $12,600.25. $HILLCREST ENERGY TECHNOLOGIES LTD (HLRTF.US)$ now has a total market capitalization of $23.18 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.