October 14th - $Creek Road Miners (CRKR.US)$ is about to implement a 7-for-200 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 16th, 2023.
$Creek Road Miners (CRKR.US)$ rose 2.49% and closed at $0.515 on October 13th with a turnover of $57,000.06. $Creek Road Miners (CRKR.US)$ now has a total market capitalization of $101.06 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.