Edesa Biotech Announces One-for-Seven Reverse Share Split
Portfolio Pulse from Bill Haddad
Edesa Biotech has announced a one-for-seven reverse share split. This action is typically taken by companies to increase the market price of their shares.
October 10, 2023 | 1:07 pm
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Edesa Biotech's one-for-seven reverse share split could increase the market price of its shares in the short term.
A reverse share split reduces the number of shares in circulation, which can lead to an increase in the market price per share. This could potentially make the stock more attractive to investors, leading to a short-term increase in the stock price.
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