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Golden Independence Mining ( (TSE:NEXU) ) just unveiled an update.
Nexus Uranium Corp. has announced a proposed consolidation of its common shares, reducing the number of outstanding shares from approximately 72.9 million to 7.3 million. This move aims to streamline the company’s share structure and is subject to approval by the Canadian Securities Exchange. The consolidation will not affect the company’s name or stock symbol, and trading on a post-consolidation basis will commence on a date to be announced. This strategic decision is expected to impact the company’s market positioning by potentially increasing share value and attracting more investors.
More about Golden Independence Mining
Nexus Uranium Corp. is a Canadian uranium exploration company focused on mineral exploration and development within the green energy sector. The company holds five uranium projects in the United States, including Chord and Wolf Canyon in South Dakota, South Pass and Great Divide Basin in Wyoming, and Wray Mesa in Utah, as well as the Mann Lake uranium project in the Athabasca Basin of northern Saskatchewan, Canada.
Average Trading Volume: 87,113
Technical Sentiment Signal: Sell
Current Market Cap: C$7.66M
See more insights into NEXU stock on TipRanks’ Stock Analysis page.