Nov 12, 2020
1:20
For every 20 shares held, investors received 1. The price per share adjusted from $0.96 to $19.20.
The split itself did not change the total investment value.
Precision Drilling Corporation (TSX:PD) operates in the Contract drilling industry.
Precision Drilling Corporation company overviewPrecision Drilling Corporation's most recent stock split was on November 12, 2020. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Precision Drilling Corporation (TSX:PD) has split its stock 5 times: a 2-for-1 split on September 26, 1997, a 2-for-1 split on May 18, 2005, a 64-for-63 split on December 27, 2007, a 17-for-16 split on May 1, 2009, and a 1-for-20 reverse split on November 12, 2020.
Precision Drilling Corporation has split its stock 5 times. This history records 5 splits between September 26, 1997 and November 12, 2020.
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 Precision Drilling Corporation's 1-for-20 reverse split on November 12, 2020, every 20 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.
Precision Drilling Corporation has not announced a new split in our records. Its most recent split was on November 12, 2020, 5 years ago. Companies announce splits in advance, and any new TSX:PD split will appear on this page.
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