XORTX Therapeutics shares are trading lower. The company announced a 1-for-9 share consolidation.
Portfolio Pulse from Benzinga Newsdesk
XORTX Therapeutics has announced a 1-for-9 share consolidation, leading to a decrease in its share price.
November 09, 2023 | 7:19 pm
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XORTX Therapeutics' share consolidation announcement has led to a decrease in its share price.
Share consolidation often leads to a decrease in share price as it reduces the number of shares available in the market. This announcement by XORTX Therapeutics has led to a decrease in its share price, indicating a negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100