Nov 09, 2006
3:5
For every 5 shares held, investors received 3.
The split itself did not change the total investment value.
Rusoro Mining Ltd. (TSXV:RML) operates in the Precious metals industry.
Rusoro Mining Ltd. company overviewRusoro Mining Ltd.'s most recent stock split was on November 9, 2006. It was a 3-for-5 reverse split, so shareholders received 3 shares for every 5 they held.
Rusoro Mining Ltd. (TSXV:RML) has split its stock 2 times: a 1-for-7 reverse split on June 6, 2005 and a 3-for-5 reverse split on November 9, 2006.
Rusoro Mining Ltd. has split its stock 2 times. This history records 2 reverse splits between June 6, 2005 and November 9, 2006.
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 Rusoro Mining Ltd.'s 3-for-5 reverse split on November 9, 2006, every 5 shares became 3 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Rusoro Mining Ltd. has not announced a new split in our records. Its most recent split was on November 9, 2006, 19 years ago. Companies announce splits in advance, and any new TSXV:RML split will appear on this page.
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