Dec 06, 2023
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.07 to $0.37.
The split itself did not change the total investment value.
Horizon Petroleum Ltd. (TSXV:HPL) operates in the Integrated oil industry.
Horizon Petroleum Ltd. company overviewHorizon Petroleum Ltd.'s most recent stock split was on December 6, 2023. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Horizon Petroleum Ltd. (TSXV:HPL) has split its stock 4 times: a 1-for-20 reverse split on February 7, 2011, a 1-for-3 reverse split on July 23, 2013, a 1-for-6 reverse split on May 9, 2017, and a 1-for-5 reverse split on December 6, 2023.
Horizon Petroleum Ltd. has split its stock 4 times. This history records 4 reverse splits between February 7, 2011 and December 6, 2023.
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 Horizon Petroleum Ltd.'s 1-for-5 reverse split on December 6, 2023, 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.
Horizon Petroleum Ltd. has not announced a new split in our records. Its most recent split was on December 6, 2023, 2 years ago. Companies announce splits in advance, and any new TSXV:HPL split will appear on this page.
Already premium?