August 24th - $BENCHMARK METALS INC (BNCHF.US)$ is about to implement a 5-for-13 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 25th, 2023.
$BENCHMARK METALS INC (BNCHF.US)$ rose 2.42% and closed at $0.1736 on August 23rd with a turnover of $522.13. $BENCHMARK METALS INC (BNCHF.US)$ now has a total market capitalization of $44.1 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.