Nov 19, 2020
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.
Minbos Resources Limited (ASX:MNB) operates in the Other metals/Minerals industry.
Minbos Resources Limited company overviewMinbos Resources Limited's most recent stock split was on November 19, 2020. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Minbos Resources Limited (ASX:MNB) has split its stock 4 times: a 165-for-164 split on November 3, 2011, a 6-for-5 split on June 19, 2014, a 8-for-5 split on May 15, 2018, and a 1-for-20 reverse split on November 19, 2020.
Minbos Resources Limited has split its stock 4 times. This history records 4 splits between November 3, 2011 and November 19, 2020.
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 Minbos Resources Limited's 1-for-20 reverse split on November 19, 2020, 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.
Minbos Resources Limited has not announced a new split in our records. Its most recent split was on November 19, 2020, 5 years ago. Companies announce splits in advance, and any new ASX:MNB split will appear on this page.
Already premium?