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 Video: What is a Stock Split?
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| Kobex Minerals is a natural resource company engaged in the business of acquisition, exploration and development of mineral properties. According to our KXM split history records, KXM has had 1 split. | |
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KXM (KXM) has 1 split in our KXM split history database. The split for KXM took place on October 01, 2009. This was a 100 for 240 reverse split, meaning for each 240 shares of KXM owned pre-split, the shareholder now owned 100 shares. For example, a 1000 share position pre-split, became a 416.666666666667 share position following the split.
When a company such as KXM 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 KXM split history from start to finish, an original position size of 1000 shares would have turned into 416.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into KXM shares, starting with a $10,000 purchase of KXM, presented on a split-history-adjusted basis factoring in the complete KXM split history.
KXM -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 10/01/2009 | 100 for 240 |
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