Sep 03, 2024
25:72
For every 72 shares held, investors received 25. The price per share adjusted from $0.06 to $0.16.
The split itself did not change the total investment value.
Velox Energy Materials Inc (TSXV:VLX) operates in the Precious metals industry.
Velox Energy Materials Inc company overviewVelox Energy Materials Inc's most recent stock split was on September 3, 2024. It was a 25-for-72 reverse split, so shareholders received 25 shares for every 72 they held.
Velox Energy Materials Inc (TSXV:VLX) has split its stock 3 times: a 2-for-5 reverse split on May 18, 2012, a 2-for-5 reverse split on September 8, 2017, and a 25-for-72 reverse split on September 3, 2024.
Velox Energy Materials Inc has split its stock 3 times. This history records 3 reverse splits between May 18, 2012 and September 3, 2024.
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 Velox Energy Materials Inc's 25-for-72 reverse split on September 3, 2024, every 72 shares became 25 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Velox Energy Materials Inc has not announced a new split in our records. Its most recent split was on September 3, 2024, 2 years ago. Companies announce splits in advance, and any new TSXV:VLX split will appear on this page.
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