Apr 06, 2023
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $0.15 to $0.31.
The split itself did not change the total investment value.
Kingsmen Resources Limited (NEO:KNG) operates in the Precious metals industry.
Kingsmen Resources Limited company overviewKingsmen Resources Limited's most recent stock split was on April 6, 2023. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Kingsmen Resources Limited (NEO:KNG) has split its stock 3 times: a 1-for-4 reverse split on February 25, 2013, a 1-for-2 reverse split on January 12, 2016, and a 1-for-2 reverse split on April 6, 2023.
Kingsmen Resources Limited has split its stock 3 times. This history records 3 reverse splits between February 25, 2013 and April 6, 2023.
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 Kingsmen Resources Limited's 1-for-2 reverse split on April 6, 2023, every 2 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.
Kingsmen Resources Limited has not announced a new split in our records. Its most recent split was on April 6, 2023, 3 years ago. Companies announce splits in advance, and any new NEO:KNG split will appear on this page.
Already premium?