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Newfoundland Discovery Corp. Announces Share Consolidation
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Newfoundland Discovery Corp. Announces Share Consolidation

Story Highlights
  • Newfoundland Discovery Corp. plans to consolidate its shares at a 20-to-1 ratio.
  • The share consolidation will leave 4,661,333 shares outstanding with no change to the company name or symbol.
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Newfoundland Discovery Corp (TSE:NEWD) has released an update.

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Newfoundland Discovery Corp. has announced a consolidation of its common shares, exchanging twenty pre-consolidated shares for one post-consolidated share, resulting in 4,661,333 shares outstanding. The company’s name and stock symbol will remain unchanged, pending approval from the Canadian Securities Exchange.

For further insights into TSE:NEWD stock, check out TipRanks’ Stock Analysis page.

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