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Video: What is a Stock Split?
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Great Panther Mining is an intermediate precious metals mining and exploration company. Co. has three wholly-owned mining operations, including Tucano Gold Mine in Brazil and Topia Mine and the Guanajuato Mine Complex (GMC) in Mexico. The GMC comprises the Guanajuato Mine, the San Ignacio Mine, and the Cata processing plant. Co. owns the Coricancha Mine Complex (Coricancha). Coricancha is a gold-silver-copper-lead-zinc underground mine, located in the Peruvian province of Huarochiri, east of Lima, Peru. Additional exploration properties include: El Horcon, Santa Rosa and Plomo in Mexico; and Argosy in Canada, all of which are wholly owned. According to our GPL split history records, GPL has had 1 split. | |
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GPL (GPL) has 1 split in our GPL split history database. The split for GPL took place on July 25, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of GPL 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 GPL 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 GPL 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 GPL shares, starting with a $10,000 purchase of GPL, presented on a split-history-adjusted basis factoring in the complete GPL split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/19/2014 |
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End date: |
09/13/2022 |
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Start price/share: |
$12.10 |
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End price/share: |
$0.19 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.43% |
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Average Annual Total Return: |
-38.68% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$157.06 |
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Years: |
8.49 |
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Date |
Ratio |
07/25/2022 | 1 for 10 |
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