April 17th - $MEDARO MNG CORP (MEDAF.US)$ 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 18th, 2024.
$MEDARO MNG CORP (MEDAF.US)$ rose 4.91% and closed at $0.0299 on April 16th with a turnover of $3,057.16. $MEDARO MNG CORP (MEDAF.US)$ now has a total market capitalization of $2.82 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.