Value Microcaps Junior Miners

[stock_peeker]

Coeur d'Alene Mines Corporation (NYSE:CDE)(TSX:CDM)(ASX:CXC) today announced that its board of directors has authorized a one-for-ten reverse split of its common stock, which was approved by Coeur stockholders at the Annual Meeting of Stockholders on May 12, 2009. The reverse split will be effective at 6:01 p.m. EDT on May 26, 2009.

'peeker says: Current shares outstanding? 686.3 Million
Post split? 68.6 million (still plenty to make a market)

Will price be hurt? Have to wait and see, but typically different buyers (larger) for shares priced over $10/share than those under $2. Of course, higher price makes it easier to buy on margin OR to short...