Comstock Announces Reverse Stock Split
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Comstock Inc. (NYSE American: LODE) announced a 1-for-10 reverse stock split effective February 24, 2025. The stock will trade on a split-adjusted basis starting February 25, 2025, reducing the number of shares to approximately 23.8 million.
February 14, 2025 | 9:45 pm
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Comstock Inc. is implementing a 1-for-10 reverse stock split, effective February 24, 2025. This action will reduce the number of shares and is often used to increase the stock price.
Reverse stock splits are typically used to increase the stock price by reducing the number of shares outstanding. This can be seen as a neutral event as it doesn't change the company's market capitalization but may affect investor perception.
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