June 25th (Eastern Time) - $SPEY RESOURCES CORP (SPEYF.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 28th, 2024.
$SPEY RESOURCES CORP (SPEYF.US)$ rose 2.5% and closed at $0.0041 on June 24th with a turnover of $38.54. $SPEY RESOURCES CORP (SPEYF.US)$ now has a total market capitalization of $459.61K.
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.