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East West Petroleum ( (TSE:EW) ) has provided an announcement.
East West Petroleum Corp. has announced updates regarding its ongoing capital reduction and special distribution process, which is still in progress. Additionally, the company has received approval from the TSX Venture Exchange for a name change to East West Minerals Ltd. and a consolidation of its common shares on a ten-for-one basis, both of which will be implemented after the special distribution is completed.
More about East West Petroleum
East West Petroleum Corp. operates in the energy sector, focusing on petroleum exploration and production. The company is involved in the development and extraction of oil and gas resources, catering to the global energy market.
YTD Price Performance: 25.00%
Average Trading Volume: 100,660
Technical Sentiment Signal: Buy
Current Market Cap: C$4.52M
See more insights into EW stock on TipRanks’ Stock Analysis page.