Feb 15, 2008
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.17 to $1.70.
The split itself did not change the total investment value.
VELOCITY ENERGY INC (OTC:VCYE) operates in the Oil & gas production industry.
VELOCITY ENERGY INC company overviewVELOCITY ENERGY INC's most recent stock split was on February 15, 2008. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
VELOCITY ENERGY INC (OTC:VCYE) has split its stock 2 times: a 1-for-4 reverse split on January 21, 2003 and a 1-for-10 reverse split on February 15, 2008.
VELOCITY ENERGY INC has split its stock 2 times. This history records 2 reverse splits between January 21, 2003 and February 15, 2008.
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 VELOCITY ENERGY INC's 1-for-10 reverse split on February 15, 2008, every 10 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.
VELOCITY ENERGY INC has not announced a new split in our records. Its most recent split was on February 15, 2008, 18 years ago. Companies announce splits in advance, and any new OTC:VCYE split will appear on this page.