April 10th - $PARCELPAL LOGISTICS INC (PTNYF.US)$ 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.
$PARCELPAL LOGISTICS INC (PTNYF.US)$ slipped 18.75% and closed at $0.0065 on April 9th with a turnover of $62.3. $PARCELPAL LOGISTICS INC (PTNYF.US)$ now has a total market capitalization of $1.51 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.