Jan 29, 2007
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.05 to $0.98.
The split itself did not change the total investment value.
TERAX ENERGY INC (OTC:TEXG) operates in the Financial conglomerates industry.
TERAX ENERGY INC company overviewTERAX ENERGY INC's most recent stock split was on January 29, 2007. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
TERAX ENERGY INC (OTC:TEXG) has split its stock 3 times: a 3-for-1 split on October 13, 2004, a 5-for-1 split on June 13, 2005, and a 1-for-20 reverse split on January 29, 2007.
TERAX ENERGY INC has split its stock 3 times. This history records 3 splits between October 13, 2004 and January 29, 2007.
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 TERAX ENERGY INC's 1-for-20 reverse split on January 29, 2007, every 20 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.
TERAX ENERGY INC has not announced a new split in our records. Its most recent split was on January 29, 2007, 19 years ago. Companies announce splits in advance, and any new OTC:TEXG split will appear on this page.