June 8th - $CAPRICORN ENERGY PLC (CRNCY.US)$ is about to implement a 62-for-79 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 10th, 2024.
$CAPRICORN ENERGY PLC (CRNCY.US)$ slipped 11.5% and closed at $4.35 on June 7th with a turnover of $13,439.53. $CAPRICORN ENERGY PLC (CRNCY.US)$ now has a total market capitalization of $155.21 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.