Hyperdynamics (HDY +3.5%) says its board has approved a 1-for-8 reverse stock split of its...

|About: Hyperdynamics Corporation (HDY)|By:, SA News Editor

Hyperdynamics (HDY +3.5%) says its board has approved a 1-for-8 reverse stock split of its common stock that will take effect with the beginning of trading on July 1, 2013. The split reduces the number of outstanding shares from approximately 168.4M to approximately 21.1M.