Sep 16, 2008
1:50
For every 50 shares held, investors received 1.
The split itself did not change the total investment value.
CTGX MNG INC (OTC:CHCX) operates in the Other metals/Minerals industry.
CTGX MNG INC company overviewCTGX MNG INC's most recent stock split was on September 16, 2008. It was a 1-for-50 reverse split, so shareholders received 1 share for every 50 they held.
CTGX MNG INC (OTC:CHCX) has split its stock 5 times: a 1-for-10 reverse split on June 2, 1993, a 1-for-100 reverse split on May 12, 2004, a 1-for-100 reverse split on January 9, 2007, a 1-for-200 reverse split on November 30, 2007, and a 1-for-50 reverse split on September 16, 2008.
CTGX MNG INC has split its stock 5 times. This history records 5 reverse splits between June 2, 1993 and September 16, 2008.
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 CTGX MNG INC's 1-for-50 reverse split on September 16, 2008, every 50 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.
CTGX MNG INC has not announced a new split in our records. Its most recent split was on September 16, 2008, 18 years ago. Companies announce splits in advance, and any new OTC:CHCX split will appear on this page.