What is a 'Reverse Stock Split'
A corporate action in which a company reduces the total number of its outstanding shares. A reverse stock split involves the company dividing its current shares by a number such as 5 or 10, which would be called a 1-for-5 or 1-for-10 split, respectively. A reverse stock split is the opposite of a conventional (forward) stock split, which increases the number of shares outstanding. Similar to a forward stock split, the reverse split does not add any real value to the company. But since the motivation for a reverse split is very different from that for a forward split, the stock’s price moves after a reverse and forward split may be quite divergent. A reverse stock split is also known as a stock consolidation or share rollback.
Read more: Reverse Stock Split http://www.investopedia.com/terms/r/reversesplit.asp#ixzz4Xb5ghNza
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Mkt cap ! $20.90M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 71223 | 4.4¢ |
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4.7¢ | 372500 | 2 |
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No. | Vol. | Price($) |
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1 | 71223 | 0.044 |
2 | 100000 | 0.043 |
1 | 13888 | 0.042 |
1 | 100000 | 0.041 |
1 | 300000 | 0.040 |
Price($) | Vol. | No. |
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0.047 | 372500 | 2 |
0.052 | 59000 | 1 |
0.059 | 95632 | 2 |
0.060 | 190315 | 2 |
0.067 | 50000 | 1 |
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