Jan 26, 2015
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.01 to $0.05.
The split itself did not change the total investment value.
Orla Mining Ltd. (TSX:OLA) operates in the Precious metals industry.
Orla Mining Ltd. company overviewOrla Mining Ltd.'s most recent stock split was on January 26, 2015. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Orla Mining Ltd. (TSX:OLA) has split its stock 2 times: a 1-for-2 reverse split on January 9, 2014 and a 1-for-5 reverse split on January 26, 2015.
Orla Mining Ltd. has split its stock 2 times. This history records 2 reverse splits between January 9, 2014 and January 26, 2015.
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 Orla Mining Ltd.'s 1-for-5 reverse split on January 26, 2015, 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.
Orla Mining Ltd. has not announced a new split in our records. Its most recent split was on January 26, 2015, 11 years ago. Companies announce splits in advance, and any new TSX:OLA split will appear on this page.
Already premium?