Apr 04, 2014
1:100
For every 100 shares held, investors received 1.
The split itself did not change the total investment value.
Hammer Metals Limited (ASX:HMX) operates in the Precious metals industry.
Hammer Metals Limited company overviewHammer Metals Limited's most recent stock split was on April 4, 2014. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
Hammer Metals Limited (ASX:HMX) has split its stock 6 times: a 12-for-11 split on September 12, 2006, a 18-for-17 split on April 28, 2008, a 55-for-51 split on October 21, 2009, a 23-for-21 split on September 19, 2011, a 5-for-3 split on May 1, 2013, and a 1-for-100 reverse split on April 4, 2014.
Hammer Metals Limited has split its stock 6 times. This history records 6 splits between September 12, 2006 and April 4, 2014.
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 Hammer Metals Limited's 1-for-100 reverse split on April 4, 2014, every 100 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.
Hammer Metals Limited has not announced a new split in our records. Its most recent split was on April 4, 2014, 12 years ago. Companies announce splits in advance, and any new ASX:HMX split will appear on this page.
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