March 9th - $PALADIN ENERGY LIMITED (PALAF.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 11th, 2024.
$PALADIN ENERGY LIMITED (PALAF.US)$ slipped 5.95% and closed at $0.79 on March 8th with a turnover of $548.82K. $PALADIN ENERGY LIMITED (PALAF.US)$ now has a total market capitalization of $2.35 billion.
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.