April 12th - $NuCana (NCNA.US)$ is about to implement a 1-for-25 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 16th, 2024.
$NuCana (NCNA.US)$ closed at $0.2366 on April 11th with a turnover of $33,201. $NuCana (NCNA.US)$ now has a total market capitalization of $12.5 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.