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

Shares of Safe and Green Development Co. (NASDAQ:SGD) are set 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 Price Performance

Shares of SGD traded down $0.02 during midday trading on Friday, hitting $0.26. The company had a trading volume of 241,951 shares, compared to its average volume of 2,551,004. The company’s 50 day moving average price is $0.27 and its 200 day moving average price is $0.47. Safe and Green Development has a 52 week low of $0.21 and a 52 week high of $8.42.

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.