Jun 06, 2019
1:20
For every 20 shares held, investors received 1.
The split itself did not change the total investment value.
Mandrake Resources Ltd (ASX:MAN) operates in the Precious metals industry.
Mandrake Resources Ltd company overviewMandrake Resources Ltd's most recent stock split was on June 6, 2019. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Mandrake Resources Ltd (ASX:MAN) has split its stock 4 times: a 46-for-43 split on August 16, 2001, a 1-for-5 reverse split on December 18, 2014, a 1-for-30 reverse split on May 17, 2017, and a 1-for-20 reverse split on June 6, 2019.
Mandrake Resources Ltd has split its stock 4 times. This history records 4 splits between August 16, 2001 and June 6, 2019.
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 Mandrake Resources Ltd's 1-for-20 reverse split on June 6, 2019, every 20 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.
Mandrake Resources Ltd has not announced a new split in our records. Its most recent split was on June 6, 2019, 7 years ago. Companies announce splits in advance, and any new ASX:MAN split will appear on this page.
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