Olenox Industries Inc

Olenox Industries executes a 1‑for‑10 reverse stock split to lift its share price above Nasdaq’s $1 requirement, reducing liquidity but preserving listing status.

Olenox Industries Inc. – a Jacksonville‑based metal fabrication firm trading on Nasdaq – faces steep stock declines, a negative P/E, and a need for strategic growth to regain profitability and market relevance.

Olenox Industries revamps 10 Wichita wells, aims for 70 b/d, adds 25+ wells next quarter, and scouts 6,000 acres to boost oil & industrial growth.