NorAm Drilling AS
Latest Stock Split
Nov 21, 2018
1:20
For every 20 shares held, investors received 1.
The split itself did not change the total investment value.
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Build with our dataStock Split History
- Nov 21, 2018Before—Split ratio1:20After—Reverse
About NorAm Drilling AS stock splits
NorAm Drilling AS (MUN:TM9) operates in the Contract drilling industry.
NorAm Drilling AS company overviewWhen did NorAm Drilling AS stock split?
NorAm Drilling AS's most recent stock split was on November 21, 2018. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
How many times has NorAm Drilling AS stock split?
NorAm Drilling AS has split its stock once. This history records one reverse split, on November 21, 2018.
What is a reverse stock split?
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 NorAm Drilling AS's 1-for-20 reverse split on November 21, 2018, 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.
Will NorAm Drilling AS split its stock again?
NorAm Drilling AS has not announced a new split in our records. Its most recent split was on November 21, 2018, 7 years ago. Companies announce splits in advance, and any new MUN:TM9 split will appear on this page.