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Video: What is a Stock Split?
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American Battery Technology is a technology development and commercialization company in the lithium-ion battery industry. Co. is engaged in the exploration of new primary resources of battery metals, the development and commercialization of new technologies for the extraction and refining of these battery metals from primary resources, and the commercialization of an internally-developed integrated process for the recycling of lithium-ion batteries for the recovery of battery metals. Co. has developed a lithium-ion battery recycling system that is able to recycle batteries of a range of form factors and of a range of cathode chemistries of various relative weighting of transition metals. According to our ABAT split history records, American Battery Technology has had 1 split. | |
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American Battery Technology (ABAT) has 1 split in our ABAT split history database. The split for ABAT took place on July 13, 2004. This was a 1 for 10 reverse split, meaning for each 10 shares of ABAT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as American Battery Technology conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ABAT split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into American Battery Technology shares, starting with a $10,000 purchase of ABAT, presented on a split-history-adjusted basis factoring in the complete ABAT split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/06/2021 |
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End date: |
04/30/2024 |
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Start price/share: |
$0.99 |
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End price/share: |
$1.30 |
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Dividends collected/share: |
$0.00 |
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Total return: |
31.45% |
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Average Annual Total Return: |
8.61% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,146.57 |
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Years: |
3.31 |
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Date |
Ratio |
07/13/2004 | 1 for 10 |
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