Dec 31, 2020
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $0.40 to $0.80.
The split itself did not change the total investment value.
Gulf Cement Co. (ADX:GCEM) operates in the Construction materials industry.
Gulf Cement Co. company overviewGulf Cement Co.'s most recent stock split was on December 31, 2020. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Gulf Cement Co. (ADX:GCEM) has split its stock 5 times: a 6-for-5 split on April 14, 2005, a 17-for-10 split on April 11, 2006, a 23-for-20 split on April 10, 2007, a 23-for-20 split on April 9, 2008, and a 1-for-2 reverse split on December 31, 2020.
Gulf Cement Co. has split its stock 5 times. This history records 5 splits between April 14, 2005 and December 31, 2020.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Gulf Cement Co.'s 1-for-2 reverse split on December 31, 2020, every 2 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Gulf Cement Co. has not announced a new split in our records. Its most recent split was on December 31, 2020, 5 years ago. Companies announce splits in advance, and any new ADX:GCEM split will appear on this page.
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