Sep 14, 2011
1:300
For every 300 shares held, investors received 1. The price per share adjusted from $0.00 to $0.15.
The split itself did not change the total investment value.
TEXAS GULF ENERGY INC (OTC:TXGE) operates in the Engineering & construction industry.
TEXAS GULF ENERGY INC company overviewTEXAS GULF ENERGY INC's most recent stock split was on September 14, 2011. It was a 1-for-300 reverse split, so shareholders received 1 share for every 300 they held.
TEXAS GULF ENERGY INC (OTC:TXGE) has split its stock 2 times: a 9-for-1 split on October 16, 2009 and a 1-for-300 reverse split on September 14, 2011.
TEXAS GULF ENERGY INC has split its stock 2 times. This history records 2 splits between October 16, 2009 and September 14, 2011.
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 TEXAS GULF ENERGY INC's 1-for-300 reverse split on September 14, 2011, every 300 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.
TEXAS GULF ENERGY INC has not announced a new split in our records. Its most recent split was on September 14, 2011, 15 years ago. Companies announce splits in advance, and any new OTC:TXGE split will appear on this page.