May 20, 2020
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.03 to $0.15.
The split itself did not change the total investment value.
Golden Ridge Resources Ltd. (TSXV:GLDN) operates in the Miscellaneous industry.
Golden Ridge Resources Ltd. company overviewGolden Ridge Resources Ltd.'s most recent stock split was on May 20, 2020. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Golden Ridge Resources Ltd. (TSXV:GLDN) has split its stock 3 times: a 1-for-8 reverse split on April 15, 2014, a 1-for-10 reverse split on June 7, 2016, and a 1-for-5 reverse split on May 20, 2020.
Golden Ridge Resources Ltd. has split its stock 3 times. This history records 3 reverse splits between April 15, 2014 and May 20, 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 Golden Ridge Resources Ltd.'s 1-for-5 reverse split on May 20, 2020, 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.
Golden Ridge Resources Ltd. has not announced a new split in our records. Its most recent split was on May 20, 2020, 6 years ago. Companies announce splits in advance, and any new TSXV:GLDN split will appear on this page.
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