Oct 09, 2020
1:3
For every 3 shares held, investors received 1. The price per share adjusted from $0.13 to $0.38.
The split itself did not change the total investment value.
Sarama Resources Ltd. (NEO:SWA) operates in the Precious metals industry.
Sarama Resources Ltd. company overviewSarama Resources Ltd.'s most recent stock split was on October 9, 2020. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
Sarama Resources Ltd. has split its stock once. This history records one reverse split, on October 9, 2020.
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 Sarama Resources Ltd.'s 1-for-3 reverse split on October 9, 2020, 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.
Sarama Resources Ltd. has not announced a new split in our records. Its most recent split was on October 9, 2020, 6 years ago. Companies announce splits in advance, and any new NEO:SWA split will appear on this page.
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