Feb 06, 2009
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.03 to $0.14.
The split itself did not change the total investment value.
TAG Oil Ltd (OTC:TAOIF) operates in the Integrated oil industry.
TAG Oil Ltd company overviewTAG Oil Ltd's most recent stock split was on February 6, 2009. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
TAG Oil Ltd (OTC:TAOIF) has split its stock 3 times: a 1-for-5 reverse split on October 29, 1998, a 3-for-2 split on May 4, 2004, and a 1-for-5 reverse split on February 6, 2009.
TAG Oil Ltd has split its stock 3 times. This history records 3 splits between October 29, 1998 and February 6, 2009.
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 TAG Oil Ltd's 1-for-5 reverse split on February 6, 2009, every 5 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.
TAG Oil Ltd has not announced a new split in our records. Its most recent split was on February 6, 2009, 17 years ago. Companies announce splits in advance, and any new OTC:TAOIF split will appear on this page.
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