Jun 27, 2016
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $0.09 to $0.18.
The split itself did not change the total investment value.
District Metals Corp. (TSXV:DMX) operates in the Other metals/Minerals industry.
District Metals Corp. company overviewDistrict Metals Corp.'s most recent stock split was on June 27, 2016. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
District Metals Corp. (TSXV:DMX) has split its stock 5 times: a 1-for-5 reverse split on January 13, 1999, a 1-for-12 reverse split on January 29, 2010, a 1-for-5 reverse split on February 7, 2014, a 1-for-15 reverse split on August 6, 2015, and a 1-for-2 reverse split on June 27, 2016.
District Metals Corp. has split its stock 5 times. This history records 5 reverse splits between January 13, 1999 and June 27, 2016.
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 District Metals Corp.'s 1-for-2 reverse split on June 27, 2016, every 2 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.
District Metals Corp. has not announced a new split in our records. Its most recent split was on June 27, 2016, 10 years ago. Companies announce splits in advance, and any new TSXV:DMX split will appear on this page.
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