Jun 16, 2023
1:15
For every 15 shares held, investors received 1. The price per share adjusted from $0.00 to $0.03.
The split itself did not change the total investment value.
Great Northern Minerals Limited (ASX:GNM) operates in the Precious metals industry.
Great Northern Minerals Limited company overviewGreat Northern Minerals Limited's most recent stock split was on June 16, 2023. It was a 1-for-15 reverse split, so shareholders received 1 share for every 15 they held.
Great Northern Minerals Limited (ASX:GNM) has split its stock 3 times: a 3-for-2 split on March 17, 2016, a 1-for-10 reverse split on October 22, 2019, and a 1-for-15 reverse split on June 16, 2023.
Great Northern Minerals Limited has split its stock 3 times. This history records 3 splits between March 17, 2016 and June 16, 2023.
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 Great Northern Minerals Limited's 1-for-15 reverse split on June 16, 2023, every 15 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.
Great Northern Minerals Limited has not announced a new split in our records. Its most recent split was on June 16, 2023, 3 years ago. Companies announce splits in advance, and any new ASX:GNM split will appear on this page.
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