Stallion Gold Corp ( (TSE:STUD) ) has issued an announcement.
Stallion Uranium Corp. has announced a share consolidation, converting up to ten pre-consolidated common shares into one post-consolidated share, aiming to enhance flexibility for capital acquisition amid current market conditions. With the consolidation, the company expects to reduce its common shares from 151.6 million to approximately 15.1 million, maintaining its name and stock symbol while ensuring no fractional shares are issued. The consolidation, subject to TSXV approval, is seen as a strategic move to support Stallion’s growth and enhance its ability to negotiate favorable business deals, aligning with its ongoing efforts to advance its project portfolio for shareholder benefit.
More about Stallion Gold Corp
Stallion Uranium Corp is engaged in uranium exploration, with a focus on roughly 2,700 sq/km in the Athabasca Basin, known for the largest high-grade uranium deposits globally. The company, along with joint venture partner Atha Energy, holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones. Stallion’s leadership consists of experts in uranium and precious metals exploration, supported by capital markets experience and technical expertise in early-stage property acquisition and exploration.
YTD Price Performance: 16.67%
Average Trading Volume: 518,530
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.31M
Learn more about STUD stock on TipRanks’ Stock Analysis page.