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Farmmi Inc. plans a 1-for-12 reverse stock split on March 17th to increase its stock price.
Farmmi Inc., a company specializing in the processing and sale of agricultural products like mushrooms, plans to execute a 1-for-12 reverse stock split on March 17th.
This move aims to boost the company's stock price.
On the announcement day, the stock traded at $0.16, with a 50-day moving average of $0.27 and a 200-day average of $0.28.
Institutional investor Citadel Advisors LLC owns 0.95% of Farmmi's stock.
The company sells its products in several countries including the US and China.
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Farmmi Inc. planea una división de acciones inversa 1-por-12 el 17 de marzo para aumentar su precio de acciones.