Nov 27, 2019
1:10
For every 10 shares held, investors received 1.
The split itself did not change the total investment value.
GBM Resources Limited (GETTEX:36G) operates in the Precious metals industry.
GBM Resources Limited company overviewGBM Resources Limited's most recent stock split was on November 27, 2019. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
GBM Resources Limited (GETTEX:36G) has split its stock 3 times: a 15-for-11 split on May 20, 2009, a 63-for-59 split on November 24, 2015, and a 1-for-10 reverse split on November 27, 2019.
GBM Resources Limited has split its stock 3 times. This history records 3 splits between May 20, 2009 and November 27, 2019.
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 GBM Resources Limited's 1-for-10 reverse split on November 27, 2019, 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.
GBM Resources Limited has not announced a new split in our records. Its most recent split was on November 27, 2019, 6 years ago. Companies announce splits in advance, and any new GETTEX:36G split will appear on this page.
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