By Stephen Nakrosis
Allied Gold said its board approved a 3-for-1 share consolidation, in connection with the company's application to uplist to the New York Stock Exchange.
Allied Gold shares currently trade on the Toronto stock exchange and over the counter in the U.S. The company currently has 328.9 million shares outstanding and a public float of 228 million shares. The stock closed Thursday at 5.82 Canadian dollars ($4.19), losing less than 1% on the day.
Subject to the review and approval of its listing application and satisfaction of listing and regulatory requirements, shares are expected to begin trading on the NYSE by the middle of June, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 08, 2025 18:31 ET (22:31 GMT)
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