Dec 05, 2014
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.03 to $0.13.
The split itself did not change the total investment value.
GFG Resources, Inc. (TSXV:GFG) operates in the Precious metals industry.
GFG Resources, Inc. company overviewGFG Resources, Inc.'s most recent stock split was on December 5, 2014. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
GFG Resources, Inc. has split its stock once. This history records one reverse split, on December 5, 2014.
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 GFG Resources, Inc.'s 1-for-5 reverse split on December 5, 2014, 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.
GFG Resources, Inc. has not announced a new split in our records. Its most recent split was on December 5, 2014, 11 years ago. Companies announce splits in advance, and any new TSXV:GFG split will appear on this page.
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