Golden Minerals to Effect 1-for-25 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Golden Minerals Company (TSX:AUMN) announced a 1-for-25 reverse stock split, approved by its stockholders and board of directors.
May 30, 2023 | 10:49 am
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Golden Minerals (AUMN) will undergo a 1-for-25 reverse stock split, which may lead to short-term price fluctuations.
The reverse stock split will reduce the number of outstanding shares, which may lead to short-term price fluctuations. However, the overall market value of the company remains unchanged, and the long-term impact on the stock price is uncertain.
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