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Global Battery Metals ( (TSE:GBML) ) has provided an announcement.
Global Battery Metals Ltd. has announced a consolidation of its common shares on a 10-to-1 basis, reducing the number of outstanding shares significantly. This move, subject to regulatory approval, aims to streamline the company’s share structure. The consolidation is expected to impact the exercise price and convertible securities proportionately, with no fractional shares being issued. The company anticipates maintaining its current trading symbol while awaiting the TSX Venture Exchange’s approval.
More about Global Battery Metals
Global Battery Metals Ltd. is an international mineral exploration and development company focused on lithium, copper, and other battery-related metals. The company holds interests in multiple projects, including options to acquire significant stakes in properties located in Ireland, Utah, and Peru. GBML is actively involved in the exploration of battery metals to support the growing demand for battery power.
YTD Price Performance: 25.00%
Average Trading Volume: 94,235
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.96M
For detailed information about GBML stock, go to TipRanks’ Stock Analysis page.