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 Video: What is a Stock Split?
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| Major North American mining company that mines processes and explores for gold. It also produces a significant amount of silver. Company operates three mines: Round Mountain and McCoy/Cove in Nevada; and Kettle River in Washington State. According to our ECO split history records, ECO has had 1 split. | |
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ECO (ECO) has 1 split in our ECO split history database. The split for ECO took place on July 27, 1987. This was a 2 for 1
split, meaning for each share of ECO owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as ECO 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 ECO split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ECO shares, starting with a $10,000 purchase of ECO, presented on a split-history-adjusted basis factoring in the complete ECO split history.
ECO -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/27/1987 | 2 for 1
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