Dec 09, 2024
1:5
For every 5 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.
Somerset Minerals Limited (ASX:SMM) operates in the Precious metals industry.
Somerset Minerals Limited company overviewSomerset Minerals Limited's most recent stock split was on December 9, 2024. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Somerset Minerals Limited (ASX:SMM) has split its stock 3 times: a 18-for-17 split on August 9, 2022, a 7-for-6 split on December 15, 2023, and a 1-for-5 reverse split on December 9, 2024.
Somerset Minerals Limited has split its stock 3 times. This history records 3 splits between August 9, 2022 and December 9, 2024.
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 Somerset Minerals Limited's 1-for-5 reverse split on December 9, 2024, every 5 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.
Somerset Minerals Limited has not announced a new split in our records. Its most recent split was on December 9, 2024, 1 year ago. Companies announce splits in advance, and any new ASX:SMM split will appear on this page.
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