May 06, 2010
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.04 to $0.39.
The split itself did not change the total investment value.
Equatorial Resources Limited (ASX:EQX) operates in the Steel industry.
Equatorial Resources Limited company overviewEquatorial Resources Limited's most recent stock split was on May 6, 2010. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Equatorial Resources Limited (ASX:EQX) has split its stock 4 times: a 10-for-9 split on May 11, 2001, a 1-for-100 reverse split on April 19, 2002, a 8-for-5 split on September 23, 2009, and a 1-for-10 reverse split on May 6, 2010.
Equatorial Resources Limited has split its stock 4 times. This history records 4 splits between May 11, 2001 and May 6, 2010.
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 Equatorial Resources Limited's 1-for-10 reverse split on May 6, 2010, every 10 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.
Equatorial Resources Limited has not announced a new split in our records. Its most recent split was on May 6, 2010, 16 years ago. Companies announce splits in advance, and any new ASX:EQX split will appear on this page.
Already premium?