Dec 17, 2014
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.04 to $0.80.
The split itself did not change the total investment value.
Ordell Minerals Ltd (ASX:ORD) operates in the Precious metals industry.
Ordell Minerals Ltd company overviewOrdell Minerals Ltd's most recent stock split was on December 17, 2014. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Ordell Minerals Ltd (ASX:ORD) has split its stock 3 times: a 40-for-39 split on November 20, 2009, a 55-for-54 split on March 16, 2012, and a 1-for-20 reverse split on December 17, 2014.
Ordell Minerals Ltd has split its stock 3 times. This history records 3 splits between November 20, 2009 and December 17, 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 Ordell Minerals Ltd's 1-for-20 reverse split on December 17, 2014, 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.
Ordell Minerals Ltd has not announced a new split in our records. Its most recent split was on December 17, 2014, 11 years ago. Companies announce splits in advance, and any new ASX:ORD split will appear on this page.
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