Jun 04, 2020
1:100
For every 100 shares held, investors received 1. The price per share adjusted from $0.03 to $3.00.
The split itself did not change the total investment value.
Spartan Delta Corp (TSX:SDE) operates in the Oil & gas production industry.
Spartan Delta Corp company overviewSpartan Delta Corp's most recent stock split was on June 4, 2020. It was a 1-for-100 reverse split, so shareholders received 1 share for every 100 they held.
Spartan Delta Corp (TSX:SDE) has split its stock 3 times: a 1-for-10 reverse split on December 20, 2016, a 1-for-10 reverse split on December 28, 2016, and a 1-for-100 reverse split on June 4, 2020.
Spartan Delta Corp has split its stock 3 times. This history records 3 reverse splits between December 20, 2016 and June 4, 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 Spartan Delta Corp's 1-for-100 reverse split on June 4, 2020, every 100 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.
Spartan Delta Corp has not announced a new split in our records. Its most recent split was on June 4, 2020, 6 years ago. Companies announce splits in advance, and any new TSX:SDE split will appear on this page.
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