Vortex Energy Proposes Share Consolidation to Streamline Structure

Vortex Energy Corp. ( (TSE:VRTX) ) has issued an update.

Vortex Energy Corp. announced a proposed consolidation of its common shares, exchanging ten pre-consolidation shares for one post-consolidation share. This move will reduce the total number of shares from approximately 82.8 million to 8.28 million, subject to approval by the Canadian Securities Exchange. The consolidation aims to streamline the company’s share structure, potentially enhancing its market positioning and attractiveness to investors.

More about Vortex Energy Corp.

Vortex Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in North America. The company is advancing its Robinsons River Salt Project in Newfoundland & Labrador, which is prospective for salt and hydrogen salt cavern storage, and its Fire Eye Uranium Property in the Athabasca Basin, known for uranium deposits.

YTD Price Performance: 75.00%

Average Trading Volume: 112,482

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$5.69M

For detailed information about VRTX stock, go to TipRanks’ Stock Analysis page.