C3is (NASDAQ:CISS) Shares Set to Reverse Split on Friday, April 12th

C3is Inc. (NASDAQ:CISS) shares are set to reverse split before the market opens on Friday, April 12th. The 1-100 reverse split was announced on Friday, April 12th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 12th.

C3is Stock Down 21.7 %

Shares of CISS stock traded down $0.01 during trading on Wednesday, hitting $0.03. 99,857,048 shares of the stock traded hands, compared to its average volume of 35,723,730. The firm’s fifty day moving average price is $0.09 and its 200-day moving average price is $0.31. C3is has a 52-week low of $0.02 and a 52-week high of $20.00.

C3is (NASDAQ:CISS) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.25 EPS for the quarter. The firm had revenue of $13.78 million for the quarter. C3is had a net margin of 32.33% and a return on equity of 19.85%.

C3is Company Profile

C3is Inc provides international seaborne transportation services. It provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. The company owns and operates a fleet of two drybulk carriers, which transport major bulks, such as iron ore, coal and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers, and one Aframax crude oil tanker that transports crude oil.