Aug 08, 2016
1:16
For every 16 shares held, investors received 1. The price per share adjusted from $0.01 to $0.24.
The split itself did not change the total investment value.
New Destiny Mining Corp. (TSXV:NED) operates in the Other metals/Minerals industry.
New Destiny Mining Corp. company overviewNew Destiny Mining Corp.'s most recent stock split was on August 8, 2016. It was a 1-for-16 reverse split, so shareholders received 1 share for every 16 they held.
New Destiny Mining Corp. has split its stock once. This history records one reverse split, on August 8, 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 New Destiny Mining Corp.'s 1-for-16 reverse split on August 8, 2016, every 16 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.
New Destiny Mining Corp. has not announced a new split in our records. Its most recent split was on August 8, 2016, 10 years ago. Companies announce splits in advance, and any new TSXV:NED split will appear on this page.
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