August 11th - $ALIANZA MINERALS LTD (TARSF.US)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 14th, 2023.
$ALIANZA MINERALS LTD (TARSF.US)$ slipped 16.67% and closed at $0.03 on August 10th with a turnover of $10,529.7. $ALIANZA MINERALS LTD (TARSF.US)$ now has a total market capitalization of $4.78 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.