Akanda Stock Set to Reverse Split on Monday, April 13th (NASDAQ:AKAN)
by Teresa Graham · The Cerbat GemAkanda Corp. (NASDAQ:AKAN – Free Report) shares are set to reverse split on Monday, April 13th. The 2-9 reverse split was announced on Thursday, April 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 10th.
Akanda Stock Performance
Akanda stock traded down $0.03 during mid-day trading on Thursday, hitting $0.66. 248,237 shares of the company were exchanged, compared to its average volume of 872,481. Akanda has a 12-month low of $0.51 and a 12-month high of $46.45. The business’s 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $4.84.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Akanda in a research note on Monday, January 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
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About Akanda
Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products to patients worldwide. It offers medicinal-grade cannabis and cannabis based medical and wellness products. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.