Sep 07, 2021
1:3
For every 3 shares held, investors received 1. The price per share adjusted from $1.11 to $3.33.
The split itself did not change the total investment value.
Alvopetro Energy Ltd. (NEO:ALV) operates in the Oil & gas production industry.
Alvopetro Energy Ltd. company overviewAlvopetro Energy Ltd.'s most recent stock split was on September 7, 2021. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
Alvopetro Energy Ltd. has split its stock once. This history records one reverse split, on September 7, 2021.
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 Alvopetro Energy Ltd.'s 1-for-3 reverse split on September 7, 2021, every 3 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.
Alvopetro Energy Ltd. has not announced a new split in our records. Its most recent split was on September 7, 2021, 5 years ago. Companies announce splits in advance, and any new NEO:ALV split will appear on this page.
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