Quantum Helium stock split resets QHE screens as adjusted move stays small
Quantum Helium Limited reopened on AIM after a 1-for-100 share consolidation on Friday, with market screens printing a near 10,000% one-day jump that did not match the economic move in the shares. Google Finance showed the stock at 3.07 pence at 09:07 BST, versus an Investors Chronicle/LSEG previous close of 0.0305p before the consolidation. Adjusted for the 100-for-1 change, that prior close was about 3.05p. Shareholders approved the consolidation on July 1, with 93% of proxy votes in favour. The company said dealings in the consolidated shares were expected to start at 8:00 a.m. London time on July 3.