Oct 05, 2023
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $0.02 to $0.10.
The split itself did not change the total investment value.
Richmond Minerals Inc. (TSXV:RMD) operates in the Precious metals industry.
Richmond Minerals Inc. company overviewRichmond Minerals Inc.'s most recent stock split was on October 5, 2023. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Richmond Minerals Inc. (TSXV:RMD) has split its stock 2 times: a 1-for-4 reverse split on December 13, 2013 and a 1-for-5 reverse split on October 5, 2023.
Richmond Minerals Inc. has split its stock 2 times. This history records 2 reverse splits between December 13, 2013 and October 5, 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 Richmond Minerals Inc.'s 1-for-5 reverse split on October 5, 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.
Richmond Minerals Inc. has not announced a new split in our records. Its most recent split was on October 5, 2023, 3 years ago. Companies announce splits in advance, and any new TSXV:RMD split will appear on this page.
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