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Recharge Resources Ltd ( (TSE:RR) ) just unveiled an update.
Recharge Resources Ltd. announced a plan to consolidate its common shares on a three-to-one basis, reducing the number of shares from approximately 50.8 million to 17 million. This consolidation, which requires approval from the board and the Canadian Securities Exchange, is part of the company’s strategic efforts to enhance its market positioning without changing its name.
More about Recharge Resources Ltd
Recharge Resources is a Canadian mineral exploration company focused on the exploration and development of high-value battery metals to support the green, renewable energy sector. The company aims to meet the rising demand in the electric vehicle and fuel cell vehicle markets.
YTD Price Performance: 37.50%
Average Trading Volume: 49,046
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.8M
For a thorough assessment of RR stock, go to TipRanks’ Stock Analysis page.
