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The latest announcement is out from Pacific Ridge Exploration ( (TSE:PEX) ).
Pacific Ridge Exploration Ltd. has announced the effective date for a share consolidation, aiming to streamline their capital structure to attract investment for their copper and gold projects in America. The consolidation will result in approximately 17 million common shares outstanding, with a market capitalization under CAD$5 million, as the company focuses on advancing its new portfolio while seeking partners for its Canadian projects.
More about Pacific Ridge Exploration
Pacific Ridge Exploration Ltd. is one of North America’s leading copper exploration companies, with ownership or control over eight copper projects located in premier copper mining districts in America and Canada.
YTD Price Performance: -20.0%
Average Trading Volume: 325,012
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.48M
Learn more about PEX stock on TipRanks’ Stock Analysis page.
