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Video: What is a Stock Split?
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Idaho Strategic Resource is engaged in exploring for, developing, and extraction of gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho and extending into Western Montana. Co. is focused on mining and milling ore from the Golden Chest property. According to our IDR split history records, Idaho Strategic Resources has had 1 split. | |
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Idaho Strategic Resources (IDR) has 1 split in our IDR split history database. The split for IDR took place on December 06, 2021. This was a 1 for 14 reverse split, meaning for each 14 shares of IDR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 71.4285714285714 share position following the split.
When a company such as Idaho Strategic Resources 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 IDR split history from start to finish, an original position size of 1000 shares would have turned into 71.4285714285714 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Idaho Strategic Resources shares, starting with a $10,000 purchase of IDR, presented on a split-history-adjusted basis factoring in the complete IDR split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/30/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$1.30 |
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End price/share: |
$9.00 |
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Dividends collected/share: |
$0.00 |
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Total return: |
592.31% |
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Average Annual Total Return: |
21.35% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$69,209.79 |
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Years: |
10.00 |
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Date |
Ratio |
12/06/2021 | 1 for 14 |
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