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

Safe and Green Development Co. (NASDAQ:SGD)’s stock is scheduled to reverse split on 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 traded down $0.02 during mid-day trading on Friday, hitting $0.26. 241,951 shares of the company’s stock were exchanged, compared to its average volume of 2,551,004. The company’s 50 day simple moving average is $0.27 and its 200-day simple moving average is $0.47. Safe and Green Development has a fifty-two week low of $0.21 and a fifty-two 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.