GPR:CC - Great Panther Mining unveils 10-for-1 reverse stock split

Great Panther Mining ( NYSE: GPL ) said it will consolidate its common shares on the basis of one post-consolidation share for every 10 pre-consolidation shares.

The company currently has 471,164,174 shares issued and outstanding; upon completion of the consolidation, it will have ~10% of the current share total.

Great Panther ( GPL ) said the move will allow it to comply with the minimum price listing standard of the NYSE American exchange and maintain its listing.

The company expected to begin trading on a post-consolidation basis on the NYSE American and Toronto stock exchanges on or about July 25.

While production is expected to rise sharply in H2, Great Panther ( GPL ) "will still have some of the weakest margins sector-wide, making it much higher risk than its junior producer peers," Taylor Dart writes in an analysis posted on Seeking Alpha .

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