Sep 22, 1997
1:100
For every 100 shares held, investors received 1.
The split itself did not change the total investment value.
Basic Energy Corporation (PSE:BSC) operates in the Alternative power generation industry.
Basic Energy Corporation company overviewBasic Energy Corporation's most recent stock split was on September 22, 1997. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
Basic Energy Corporation (PSE:BSC) has split its stock 5 times: a 9-for-7 split on May 16, 1988, a 15-for-11 split on May 24, 1993, a 11-for-10 split on December 3, 1993, a 14-for-13 split on May 16, 1994, and a 1-for-100 reverse split on September 22, 1997.
Basic Energy Corporation has split its stock 5 times. This history records 5 splits between May 16, 1988 and September 22, 1997.
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 Basic Energy Corporation's 1-for-100 reverse split on September 22, 1997, every 100 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.
Basic Energy Corporation has not announced a new split in our records. Its most recent split was on September 22, 1997, 29 years ago. Companies announce splits in advance, and any new PSE:BSC split will appear on this page.
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