Safe and Green Development Stock Scheduled to Reverse Split on Tuesday, October 8th (NASDAQ:SGD)

Shares of Safe and Green Development Co. (NASDAQ:SGD) are going to reverse split on the morning of Tuesday, October 8th. The 1-20 reverse split was announced on Friday, October 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 7th.

Safe and Green Development Stock Performance

Safe and Green Development stock opened at $0.26 on Friday. Safe and Green Development has a 12-month low of $0.21 and a 12-month high of $8.42. The firm has a 50-day moving average price of $0.27 and a 200-day moving average price of $0.46.

About Safe and Green Development

Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida.