New Age Metals (TSE:NAM) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
New Age Metals Inc. plans to undergo a share consolidation, reducing its current shares from 222,237,002 to 55,559,251 at a ratio of 4 old for 1 new, aiming to increase share price, reduce volatility, and improve the company’s positioning for future opportunities. The decision comes during a prolonged downturn in the Junior Mining Industry, with the company hoping to attract more investors and prepare for an industry turnaround. The consolidation awaits regulatory approval, with the execution date to be announced later.
For further insights into TSE:NAM stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue