Jul 27, 2018
2:3
For every 3 shares held, investors received 2. The price per share adjusted from $0.72 to $1.08.
The split itself did not change the total investment value.
RIO2 Limited (TSX:RIO) operates in the Precious metals industry.
RIO2 Limited company overviewRIO2 Limited's most recent stock split was on July 27, 2018. It was a 2-for-3 reverse split, so shareholders received 2 shares for every 3 they held.
RIO2 Limited (TSX:RIO) has split its stock 5 times: a 1-for-12 reverse split on May 29, 1998, a 1-for-9 reverse split on September 11, 2001, a 1-for-30 reverse split on January 31, 2011, a 1-for-30 reverse split on February 8, 2011, and a 2-for-3 reverse split on July 27, 2018.
RIO2 Limited has split its stock 5 times. This history records 5 reverse splits between May 29, 1998 and July 27, 2018.
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 RIO2 Limited's 2-for-3 reverse split on July 27, 2018, every 3 shares became 2 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
RIO2 Limited has not announced a new split in our records. Its most recent split was on July 27, 2018, 8 years ago. Companies announce splits in advance, and any new TSX:RIO split will appear on this page.
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