Mar 16, 2015
1:3
For every 3 shares held, investors received 1. The price per share adjusted from $0.04 to $0.14.
The split itself did not change the total investment value.
NexGen Mining, Inc. (OTC:NXGM) operates in the Precious metals industry.
NexGen Mining, Inc. company overviewNexGen Mining, Inc.'s most recent stock split was on March 16, 2015. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
NexGen Mining, Inc. (OTC:NXGM) has split its stock 2 times: a 1-for-8 reverse split on January 9, 2004 and a 1-for-3 reverse split on March 16, 2015.
NexGen Mining, Inc. has split its stock 2 times. This history records 2 reverse splits between January 9, 2004 and March 16, 2015.
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 NexGen Mining, Inc.'s 1-for-3 reverse split on March 16, 2015, 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.
NexGen Mining, Inc. has not announced a new split in our records. Its most recent split was on March 16, 2015, 11 years ago. Companies announce splits in advance, and any new OTC:NXGM split will appear on this page.