Oct 22, 2015
1:3
For every 3 shares held, investors received 1.
The split itself did not change the total investment value.
Roland Mineral Enterprises Corp. (TSXV:RME) operates in the Other metals/Minerals industry.
Roland Mineral Enterprises Corp. company overviewRoland Mineral Enterprises Corp.'s most recent stock split was on October 22, 2015. It was a 1-for-3 reverse split, so shareholders received 1 share for every 3 they held.
Roland Mineral Enterprises Corp. (TSXV:RME) has split its stock 4 times: a 1-for-3 reverse split on February 15, 2000, a 1-for-5 reverse split on May 11, 2006, a 1-for-3 reverse split on November 14, 2012, and a 1-for-3 reverse split on October 22, 2015.
Roland Mineral Enterprises Corp. has split its stock 4 times. This history records 4 reverse splits between February 15, 2000 and October 22, 2015.
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 Roland Mineral Enterprises Corp.'s 1-for-3 reverse split on October 22, 2015, every 3 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.
Roland Mineral Enterprises Corp. has not announced a new split in our records. Its most recent split was on October 22, 2015, 11 years ago. Companies announce splits in advance, and any new TSXV:RME split will appear on this page.
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