New Age Metals (TSE:NAM) has released an update.
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New Age Metals Inc. plans to undergo a share consolidation, reducing its current shares from 222,237,002 to 55,559,251 at a ratio of 4 old for 1 new, aiming to increase share price, reduce volatility, and improve the company’s positioning for future opportunities. The decision comes during a prolonged downturn in the Junior Mining Industry, with the company hoping to attract more investors and prepare for an industry turnaround. The consolidation awaits regulatory approval, with the execution date to be announced later.
For further insights into TSE:NAM stock, check out TipRanks’ Stock Analysis page.
