Oct 01, 2013
1:5
For every 5 shares held, investors received 1.
The split itself did not change the total investment value.
Central Petroleum Limited (OTC:CNPTF) operates in the Oil & gas production industry.
Central Petroleum Limited company overviewCentral Petroleum Limited's most recent stock split was on October 1, 2013. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Central Petroleum Limited (OTC:CNPTF) has split its stock 3 times: a 66-for-65 split on May 12, 2008, a 22-for-21 split on April 21, 2009, and a 1-for-5 reverse split on October 1, 2013.
Central Petroleum Limited has split its stock 3 times. This history records 3 splits between May 12, 2008 and October 1, 2013.
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 Central Petroleum Limited's 1-for-5 reverse split on October 1, 2013, 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.
Central Petroleum Limited has not announced a new split in our records. Its most recent split was on October 1, 2013, 13 years ago. Companies announce splits in advance, and any new OTC:CNPTF split will appear on this page.
Already premium?