Aug 03, 2012
1:65
For every 65 shares held, investors received 1. The price per share adjusted from $0.02 to $1.27.
The split itself did not change the total investment value.
Energy Resource Abundance (OTC:ERAO) operates in the Pharmaceuticals: other industry.
Energy Resource Abundance company overviewEnergy Resource Abundance's most recent stock split was on August 3, 2012. It was a 1-for-65 reverse split, so shareholders received 1 share for every 65 they held.
Energy Resource Abundance (OTC:ERAO) has split its stock 5 times: a 1-for-10 reverse split on August 19, 2008, a 1-for-10 reverse split on January 12, 2009, a 1-for-150 reverse split on December 16, 2009, a 1-for-100 reverse split on August 29, 2011, and a 1-for-65 reverse split on August 3, 2012.
Energy Resource Abundance has split its stock 5 times. This history records 5 reverse splits between August 19, 2008 and August 3, 2012.
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 Energy Resource Abundance's 1-for-65 reverse split on August 3, 2012, every 65 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.
Energy Resource Abundance has not announced a new split in our records. Its most recent split was on August 3, 2012, 14 years ago. Companies announce splits in advance, and any new OTC:ERAO split will appear on this page.