Green Circle Decarbonize Technology (NYSEAMERICAN:GCDT) Stock Set to Reverse Split on Wednesday, October 7th

Shares of Green Circle Decarbonize Technology Limited (NYSEAMERICAN:GCDT) are going to reverse split before the market opens on Wednesday, October 7th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, October 6th.

Green Circle Decarbonize Technology Trading Down 28.4%

NYSEAMERICAN GCDT opened at $0.48 on Tuesday. The company’s 50 day simple moving average is $0.45 and its 200 day simple moving average is $0.73. Green Circle Decarbonize Technology has a 12 month low of $0.33 and a 12 month high of $5.85.

Green Circle Decarbonize Technology (NYSEAMERICAN:GCDT) last released its earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The company had revenue of $0.84 million for the quarter.

About Green Circle Decarbonize Technology

Green Circle Decarbonize Technology is a special purpose acquisition company focused on identifying and completing a business combination with a company operating in the decarbonization, clean technology or related environmental sectors.

The company does not appear to operate a substantial commercial business or offer its own products and services. Its strategy is to evaluate potential merger, acquisition or other business combination opportunities involving technologies and businesses that may support emissions reduction, renewable energy adoption, resource efficiency or the transition to a lower-carbon economy.

Because Green Circle Decarbonize Technology’s operating plans depend on completing a future transaction, detailed information about its eventual products, geographic markets and operating leadership may not be available.