Eldorado Gold's (EGO) latest and only known stock split was a 1-for-5 reverse stock split on December 31, 2018. Prior to this split, the share price was $0.58, and it adjusted to approximately $2.88 immediately afterward. This means that for every five shares an investor held before the split, they received one new share after the split, effectively reducing the total number of shares outstanding.
Details of the split:
- Date:December 31, 2018
- Ratio:1-for-5 (reverse split)
- Pre-Split Price:Approximately $0.58
- Post-Split Price:Approximately $2.88
Impact of the split:
- The split reduced the total number of shares held by investors, but it did not change the overall market value of their holdings or the company.
- A 1-for-5 reverse split is often considered a cosmetic change to a company's stock price, sometimes done to address a low share price.
