Kandal M Venture (NASDAQ:FMFC) Stock Set to Reverse Split on Tuesday, October 13th

Shares of Kandal M Venture Limited (NASDAQ:FMFC) are going to reverse split before the market opens on Tuesday, October 13th. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, October 12th.

Kandal M Venture Price Performance

Shares of Kandal M Venture stock traded down $0.01 during midday trading on Monday, reaching $0.16. 138,347 shares of the company’s stock traded hands, compared to its average volume of 2,786,916. The stock has a 50 day moving average of $0.23 and a 200-day moving average of $0.32. Kandal M Venture has a 12 month low of $0.16 and a 12 month high of $15.67.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kandal M Venture in a research report on Monday, September 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Kandal M Venture Company Profile

Kandal M Venture Limited (NASDAQ: FMFC) is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more operating companies. Unlike an operating business, the company does not appear to provide products or services directly.

Its activities are focused on identifying a potential merger, share exchange, asset acquisition, reorganization, or similar transaction with a target company. The company’s future operations would depend on the business it ultimately combines with, if a transaction is completed.

Publicly available information about Kandal M Venture Limited’s target industry, geographic focus, operating history, and leadership is limited.