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 Video: What is a Stock Split?
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| CAMAC Energy is engaged in the exploration, development, and production of oil and gas outside the U.S. As of Dec 31 2013, Co.'s exploration, development and production activities were focused in Sub-Saharan Africa. As of the same date, Co.'s asset portfolio consisted of eight licenses in three countries. Co. owns producing properties and conducts exploration activities as a non-operator in Nigeria, conducts explorations activities as an operator onshore and offshore Kenya, and conducts exploration activities as an operator in The Gambia. As of Dec 31 2013, Co. had proved developed crude oil reserves of 92,000 barrels and proved undeveloped crude oil reserves of 2.4 million barrels. According to our CAK split history records, CAK has had 2 splits. | |
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CAK (CAK) has 2 splits in our CAK split history database. The first split for CAK took place on February 24, 2014. This was a 2434 for 1000 split, meaning for each 1000 shares of CAK owned pre-split, the shareholder now owned 2434 shares. For example, a 1000 share position pre-split, became a 2434 share position following the split. CAK's second split took place on November 10, 2014.
When a company such as CAK splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the CAK split history from start to finish, an original position size of 1000 shares would have turned into 2434 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CAK shares, starting with a $10,000 purchase of CAK, presented on a split-history-adjusted basis factoring in the complete CAK split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
04/22/2015 |
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| Start price/share: |
$0.30 |
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| End price/share: |
$0.78 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
160.00% |
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| Annualized Gain: |
463.49% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,000.00 |
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| Years: |
0.35 |
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| Date |
Ratio |
| 02/24/2014 | 2434 for 1000 | | 11/10/2014 | 1 for 1 |
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