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SAExploration -18% on news of 20-to-1 reverse split

Sep. 14, 2018 4:23 PM ETSAExploration Holdings, Inc. (SAEX) StockBy: Carl Surran, SA News Editor18 Comments
  • SAExploration (OTC:SAEX -18.6%) plummeted to a worst-ever $0.41 after saying it is executing a 20-to-1 reverse split of its outstanding common shares, which will begin trading on a split-adjusted basis at the market open on Sep. 17.
  • Shareholders on Aug. 14 authorized the company's board to conduct a reverse stock split at its discretion.
  • SAEX shares have plunged 80% YTD.

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