August 17th - $RECHARGE RESOURCES LTD (RECHF.US)$ is about to implement a 1-for-2 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 18th, 2023.
$RECHARGE RESOURCES LTD (RECHF.US)$ slipped 11.38% and closed at $0.17725 on August 16th with a turnover of $27,584.35. $RECHARGE RESOURCES LTD (RECHF.US)$ now has a total market capitalization of $12.28 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.