Sep 30, 2019
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.01 to $0.15.
The split itself did not change the total investment value.
Rainy Mountain Royalty Corp (TSXV:RMO) operates in the Precious metals industry.
Rainy Mountain Royalty Corp company overviewRainy Mountain Royalty Corp's most recent stock split was on September 30, 2019. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Rainy Mountain Royalty Corp (TSXV:RMO) has split its stock 4 times: a 1-for-5 reverse split on February 5, 2010, a 1-for-4 reverse split on September 30, 2014, a 99-for-86 split on January 26, 2017, and a 1-for-10 reverse split on September 30, 2019.
Rainy Mountain Royalty Corp has split its stock 4 times. This history records 4 splits between February 5, 2010 and September 30, 2019.
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 Rainy Mountain Royalty Corp's 1-for-10 reverse split on September 30, 2019, every 10 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.
Rainy Mountain Royalty Corp has not announced a new split in our records. Its most recent split was on September 30, 2019, 7 years ago. Companies announce splits in advance, and any new TSXV:RMO split will appear on this page.
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