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Video: What is a Stock Split?
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Contango Ore is engaged in the exploration in Alaska for gold ore and associated minerals through a joint venture company, Peak Gold, LLC. According to our CTGO split history records, Contango Ore has had 1 split. | |
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Contango Ore (CTGO) has 1 split in our CTGO split history database. The split for CTGO took place on December 04, 2000. This was a 1 for 2 reverse split, meaning for each 2 shares of CTGO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as Contango Ore 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 CTGO split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Contango Ore shares, starting with a $10,000 purchase of CTGO, presented on a split-history-adjusted basis factoring in the complete CTGO split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$13.00 |
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End price/share: |
$20.13 |
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Dividends collected/share: |
$0.00 |
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Total return: |
54.85% |
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Average Annual Total Return: |
4.47% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,485.17 |
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Years: |
10.00 |
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Date |
Ratio |
12/04/2000 | 1 for 2 |
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