Mar 07, 2012
1:5
For every 5 shares held, investors received 1.
The split itself did not change the total investment value.
Goldbank Mining Corporation (NEO:GLB) operates in the Precious metals industry.
Goldbank Mining Corporation company overviewGoldbank Mining Corporation's most recent stock split was on March 7, 2012. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Goldbank Mining Corporation (NEO:GLB) has split its stock 4 times: a 1-for-3 reverse split on November 16, 2001, a 1-for-2 reverse split on July 21, 2003, a 1-for-4 reverse split on January 14, 2009, and a 1-for-5 reverse split on March 7, 2012.
Goldbank Mining Corporation has split its stock 4 times. This history records 4 reverse splits between November 16, 2001 and March 7, 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 Goldbank Mining Corporation's 1-for-5 reverse split on March 7, 2012, 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.
Goldbank Mining Corporation has not announced a new split in our records. Its most recent split was on March 7, 2012, 14 years ago. Companies announce splits in advance, and any new NEO:GLB split will appear on this page.
Already premium?