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

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

Kandal M Venture Stock Down 7.5%

Shares of Kandal M Venture stock traded down $0.01 during trading on Monday, hitting $0.16. The company’s stock had a trading volume of 138,347 shares, compared to its average volume of 2,786,916. The company has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.32. Kandal M Venture has a 52 week low of $0.16 and a 52 week high of $15.67.

Analysts Set New Price Targets

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

About Kandal M Venture

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.