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Video: What is a Stock Split?
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Golden Star Resources is focused primarily on the exploration, development and operation of gold properties in Ghana and the broader West African region. According to our GSS split history records, GSS has had 1 split. | |
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GSS (GSS) has 1 split in our GSS split history database. The split for GSS took place on October 30, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of GSS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as GSS 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 GSS split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GSS shares, starting with a $10,000 purchase of GSS, presented on a split-history-adjusted basis factoring in the complete GSS split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
02/03/2022 |
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Start price/share: |
$3.00 |
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End price/share: |
$3.90 |
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Dividends collected/share: |
$0.00 |
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Total return: |
30.00% |
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Average Annual Total Return: |
3.40% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,002.18 |
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Years: |
7.85 |
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Date |
Ratio |
10/30/2018 | 1 for 5 |
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