Jul 19, 1996
1:5
For every 5 shares held, investors received 1.
The split itself did not change the total investment value.
Adex Mining Inc. (TSXV:ADE) operates in the Steel industry.
Adex Mining Inc. company overviewAdex Mining Inc.'s most recent stock split was on July 19, 1996. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Adex Mining Inc. has split its stock once. This history records one reverse split, on July 19, 1996.
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 Adex Mining Inc.'s 1-for-5 reverse split on July 19, 1996, 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.
Adex Mining Inc. has not announced a new split in our records. Its most recent split was on July 19, 1996, 30 years ago. Companies announce splits in advance, and any new TSXV:ADE split will appear on this page.
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