Oct 14, 2010
1:6
For every 6 shares held, investors received 1. The price per share adjusted from $0.02 to $0.14.
The split itself did not change the total investment value.
Providence Resources, Inc. (OTC:PVRS) operates in the Oil & gas production industry.
Providence Resources, Inc. company overviewProvidence Resources, Inc.'s most recent stock split was on October 14, 2010. It was a 1-for-6 reverse split, so shareholders received 1 share for every 6 they held.
Providence Resources, Inc. (OTC:PVRS) has split its stock 3 times: a 1-for-10 reverse split on November 25, 1998, a 1-for-20 reverse split on September 12, 2003, and a 1-for-6 reverse split on October 14, 2010.
Providence Resources, Inc. has split its stock 3 times. This history records 3 reverse splits between November 25, 1998 and October 14, 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 Providence Resources, Inc.'s 1-for-6 reverse split on October 14, 2010, every 6 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.
Providence Resources, Inc. has not announced a new split in our records. Its most recent split was on October 14, 2010, 16 years ago. Companies announce splits in advance, and any new OTC:PVRS split will appear on this page.
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