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Petrox Resources Corp. is a Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. The Company's principal business is the acquisition, exploration, development and production of petroleum and natural gas in Canada. The Company has a production property in Fletwode, Saskatchewan that produces approximately... see more

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Petrox Resources Corp > Why do they need to do the consolidation?

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Post by chriszhou on Jun 05, 2022 7:30pm

Why do they need to do the consolidation?

usually, share price drop after that.

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Comment by YoungInvestor89 on Jun 15, 2022 11:54pm

They need to consolidate to do a private placement. It says that clearly in the news release. They are doing it to raise money and probably buy more assets.

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Petrox Resources Corp