November 15th - $CARNEGIE CLEAN ENERGY LTD (CWGYF.US)$ is about to implement a 1-for-50 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 16th, 2023.
$CARNEGIE CLEAN ENERGY LTD (CWGYF.US)$ rose 7.22% and closed at $0.000965 on November 14th with a turnover of $224.92. $CARNEGIE CLEAN ENERGY LTD (CWGYF.US)$ now has a total market capitalization of $15.09 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.