Aqua Metals shares are trading lower. The company announced a 1-for-20 reverse stock split, effective November 5.
Portfolio Pulse from Benzinga Newsdesk
Aqua Metals announced a 1-for-20 reverse stock split, effective November 5, causing its shares to trade lower.
November 01, 2024 | 4:14 pm
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NEGATIVE IMPACT
Aqua Metals announced a 1-for-20 reverse stock split, leading to a decrease in share price.
Reverse stock splits often lead to a decrease in share price as they can be perceived negatively by investors, indicating potential financial instability or an attempt to meet listing requirements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100