Feb 23, 2022
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.00 to $0.04.
The split itself did not change the total investment value.
Metals Australia Ltd (ASX:MLS) operates in the Precious metals industry.
Metals Australia Ltd company overviewMetals Australia Ltd's most recent stock split was on February 23, 2022. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Metals Australia Ltd (ASX:MLS) has split its stock 2 times: a 1-for-20 reverse split on February 14, 2022 and a 1-for-20 reverse split on February 23, 2022.
Metals Australia Ltd has split its stock 2 times. This history records 2 reverse splits between February 14, 2022 and February 23, 2022.
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 Metals Australia Ltd's 1-for-20 reverse split on February 23, 2022, 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.
Metals Australia Ltd has not announced a new split in our records. Its most recent split was on February 23, 2022, 4 years ago. Companies announce splits in advance, and any new ASX:MLS split will appear on this page.
Already premium?