Jun 10, 2021
1:3
For every 3 shares held, investors received 1. The price per share adjusted from $0.07 to $0.21.
The split itself did not change the total investment value.
PMET Resources Inc. (TSX:PMET) operates in the Other metals/Minerals industry.
PMET Resources Inc. company overviewPMET Resources Inc.'s most recent stock split was on June 10, 2021. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
PMET Resources Inc. (TSX:PMET) has split its stock 5 times: a 2-for-1 split on December 1, 2010, a 1-for-7 reverse split on May 16, 2013, a 1-for-5 reverse split on June 11, 2014, a 1-for-10 reverse split on October 17, 2019, and a 1-for-3 reverse split on June 10, 2021.
PMET Resources Inc. has split its stock 5 times. This history records 5 splits between December 1, 2010 and June 10, 2021.
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 PMET Resources Inc.'s 1-for-3 reverse split on June 10, 2021, every 3 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.
PMET Resources Inc. has not announced a new split in our records. Its most recent split was on June 10, 2021, 5 years ago. Companies announce splits in advance, and any new TSX:PMET split will appear on this page.
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