Powell Max Limited (NASDAQ: PMAX) is a company that provides financial communications services. On April 17, 2026, the company performed a 1-for-10 reverse stock split.
The main reason for this reverse split was to meet exchange rules. As highlighted by GlobeNewswire, Powell Max Limited needed to raise its share price to comply with the Nasdaq Capital Market's minimum bid price requirement of $1.00. The stock continues to trade under the symbol PMAX.
Following the split, the stock market has shown positive market activity. The stock is currently trading at $2.49, which is an increase of 12.73% for the day. Trading volume is over 208,000 shares, showing a high level of investor interest. The day's trading has seen the price move between $2.10 and $2.65.
Powell Max Limited has a market capitalization of approximately $3.95 million. Market capitalization represents the total market value of a company's outstanding shares. Over the past 52 weeks, the stock has seen a high of $89.60 and a low of $2.00, indicating significant stock performance changes over the last year.
