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An update from Gabriel Resources ( (TSE:GBU) ) is now available.
Gabriel Resources Ltd. has announced a proposed consolidation of its common shares, subject to approval by the TSX Venture Exchange. The goal of this consolidation is to enhance the marketability of its shares by increasing the price per share, thereby potentially attracting more institutional and other investors. This strategic move is aimed at facilitating future financing opportunities for the company. As a result of the consolidation, the number of issued and outstanding shares will decrease, but the company’s name and trading symbol will remain unchanged.
More about Gabriel Resources
Gabriel Resources Ltd. operates within the mining industry, focusing on the exploration and development of mineral properties. The company primarily targets precious metals, with a strong emphasis on gold and silver projects.
YTD Price Performance: 0%
Average Trading Volume: 322,075
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$12.56M
For an in-depth examination of GBU stock, go to TipRanks’ Stock Analysis page.