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CAPRICORN ENERGY PLC To Carry Out 2-for-3 Reverse Stock Split On October 20th, 2023

moomoo News ·  Oct 12, 2023 19:40

October 13th - $CAPRICORN ENERGY PLC (CRNCY.US)$ is about to implement a 2-for-3 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 20th, 2023.

$CAPRICORN ENERGY PLC (CRNCY.US)$ slipped 4.97% and closed at $4.305 on October 12th with a turnover of $3,039. $CAPRICORN ENERGY PLC (CRNCY.US)$ now has a total market capitalization of $204.69 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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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