Jan 20, 2017
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.01 to $0.16.
The split itself did not change the total investment value.
Provaris Energy Ltd (ASX:PV1) operates in the Integrated oil industry.
Provaris Energy Ltd company overviewProvaris Energy Ltd's most recent stock split was on January 20, 2017. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Provaris Energy Ltd (ASX:PV1) has split its stock 5 times: a 35-for-31 split on August 29, 2011, a 1-for-10 reverse split on November 8, 2013, a 36-for-35 split on December 31, 2013, a 4-for-3 split on October 19, 2016, and a 1-for-20 reverse split on January 20, 2017.
Provaris Energy Ltd has split its stock 5 times. This history records 5 splits between August 29, 2011 and January 20, 2017.
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 Provaris Energy Ltd's 1-for-20 reverse split on January 20, 2017, 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.
Provaris Energy Ltd has not announced a new split in our records. Its most recent split was on January 20, 2017, 9 years ago. Companies announce splits in advance, and any new ASX:PV1 split will appear on this page.
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