NOG Announces A Reverse Stock Split -- Will Reduce Number Of Authorized Shares -- June 23, 2020

Memo to self: insert snarky comment here.

Link here.

A ratio yet-to-be determined: somewhere between 1-for-6 and 1-for-10.

According to the company:

The reverse stock split will reduce the number of Northern shares of common stock outstanding and is expected to increase the per share trading price of Northern’s common stock, which may improve marketability and facilitate its trading. 

And perhaps prevent de-listing.

NOG today:

• closed at 95 cents;
• down about 2 cents;

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.