Oct 20, 2011
1:7
For every 7 shares held, investors received 1.
The split itself did not change the total investment value.
Cornwall Resources, Inc. (OTC:CORC) operates in the Engineering & construction industry.
Cornwall Resources, Inc. company overviewCornwall Resources, Inc.'s most recent stock split was on October 20, 2011. It was a 1-for-7 reverse split, so shareholders received 1 share for every 7 they held.
Cornwall Resources, Inc. (OTC:CORC) has split its stock 3 times: a 1-for-1000 reverse split on May 4, 2006, a 1-for-100 reverse split on November 26, 2010, and a 1-for-7 reverse split on October 20, 2011.
Cornwall Resources, Inc. has split its stock 3 times. This history records 3 reverse splits between May 4, 2006 and October 20, 2011.
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 Cornwall Resources, Inc.'s 1-for-7 reverse split on October 20, 2011, every 7 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.
Cornwall Resources, Inc. has not announced a new split in our records. Its most recent split was on October 20, 2011, 15 years ago. Companies announce splits in advance, and any new OTC:CORC split will appear on this page.