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Petrox Resources ( (TSE:PTC) ) has provided an update.
Petrox Resources Corp. will implement a 1-for-10 consolidation of its common shares, with trading on the TSX Venture Exchange to begin on a consolidated basis around December 18, 2025, while retaining its existing name and ticker symbol. The move, approved by both the exchange and a special majority of shareholders, will reduce the number of issued and outstanding common shares from about 55.1 million to roughly 5.5 million, with fractional shares rounded up and all related warrants and options adjusted accordingly; following the automatic conversion of $400,000 in convertible debentures into 8 million post-consolidation shares, Petrox will have approximately 13.5 million common shares outstanding, a capital structure change that is expected to simplify its share base and may improve the stock’s marketability for investors.
More about Petrox Resources
Petrox Resources Corp. is a publicly traded Canadian junior oil and gas company focused on the exploration and development of oil and natural gas resources in the Western Canadian Basin. The company currently operates a producing property in Fletwode, Saskatchewan, with output of approximately 15 barrels of oil per day, and its common shares trade on the TSX Venture Exchange under the symbol PTC.
Average Trading Volume: 97,502
Technical Sentiment Signal: Buy
Current Market Cap: C$1.1M
Find detailed analytics on PTC stock on TipRanks’ Stock Analysis page.