Dec 31, 2015
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.00 to $0.01.
The split itself did not change the total investment value.
Resource Minerals International Ltd (ASX:RMI) operates in the Other metals/Minerals industry.
Resource Minerals International Ltd company overviewResource Minerals International Ltd's most recent stock split was on December 31, 2015. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Resource Minerals International Ltd (ASX:RMI) has split its stock 14 times: a 5-for-4 split on August 25, 1989, a 5077-for-5000 split on June 5, 1990, a 1-for-20 reverse split on November 15, 1994, a 2181-for-5000 reverse split on November 14, 1997, a 1-for-4 reverse split on December 2, 1997, a 16-for-13 split on February 10, 2003, a 9-for-8 split on July 7, 2003, a 28-for-19 split on April 16, 2004, a 1-for-10 reverse split on December 15, 2004, a 33-for-31 split on October 27, 2006, a 759-for-743 split on October 24, 2007, a 7-for-5 split on March 18, 2009, a 21-for-19 split on March 3, 2010, and a 1-for-10 reverse split on December 31, 2015.
Resource Minerals International Ltd has split its stock 14 times. This history records 14 splits between August 25, 1989 and December 31, 2015.
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 Resource Minerals International Ltd's 1-for-10 reverse split on December 31, 2015, every 10 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.
Resource Minerals International Ltd has not announced a new split in our records. Its most recent split was on December 31, 2015, 10 years ago. Companies announce splits in advance, and any new ASX:RMI split will appear on this page.
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