Mar 04, 2010
1:2
For every 2 shares held, investors received 1.
The split itself did not change the total investment value.
ALDERON IRON ORE CORP (OTC:AXXDF) operates in the Steel industry.
ALDERON IRON ORE CORP company overviewALDERON IRON ORE CORP's most recent stock split was on March 4, 2010. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
ALDERON IRON ORE CORP (OTC:AXXDF) has split its stock 3 times: a 1-for-4 reverse split on September 1, 2004, a 1-for-10 reverse split on September 24, 2008, and a 1-for-2 reverse split on March 4, 2010.
ALDERON IRON ORE CORP has split its stock 3 times. This history records 3 reverse splits between September 1, 2004 and March 4, 2010.
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 ALDERON IRON ORE CORP's 1-for-2 reverse split on March 4, 2010, 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.
ALDERON IRON ORE CORP has not announced a new split in our records. Its most recent split was on March 4, 2010, 16 years ago. Companies announce splits in advance, and any new OTC:AXXDF split will appear on this page.
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