Dec 28, 2010
1:55
For every 55 shares held, investors received 1. The price per share adjusted from $0.05 to $2.81.
The split itself did not change the total investment value.
CROSS BORDER RESOURCES INC (OTC:XBOR) operates in the Oil & gas production industry.
CROSS BORDER RESOURCES INC company overviewCROSS BORDER RESOURCES INC's most recent stock split was on December 28, 2010. It was a 1-for-55 reverse split, so shareholders received 1 share for every 55 they held.
CROSS BORDER RESOURCES INC (OTC:XBOR) has split its stock 4 times: a 25-for-1 split on February 5, 2008, a 4-for-25 reverse split on January 28, 2009, a 5-for-1 split on September 14, 2009, and a 1-for-55 reverse split on December 28, 2010.
CROSS BORDER RESOURCES INC has split its stock 4 times. This history records 4 splits between February 5, 2008 and December 28, 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 CROSS BORDER RESOURCES INC's 1-for-55 reverse split on December 28, 2010, every 55 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.
CROSS BORDER RESOURCES INC has not announced a new split in our records. Its most recent split was on December 28, 2010, 15 years ago. Companies announce splits in advance, and any new OTC:XBOR split will appear on this page.