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 Video: What is a Stock Split?
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| Piedmont Lithium, Inc. is engaged in developing a multi-asset, integrated lithium business. It supplies lithium hydroxide to electric vehicles and battery manufacturing supply chains in North America. Its projects include its Carolina Lithium and Tennessee Lithium projects in the U.S.. Tennessee Lithium is a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee. Carolina Lithium is a proposed, fully integrated spodumene concentrate-to-lithium hydroxide project in Gaston County, North Carolina. Its project portfolio includes strategic investments in lithium assets in Quebec, Canada and Ghana, West Africa. According to our PLL split history records, Piedmont Lithium has had 2 splits. | |
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Piedmont Lithium (PLL) has 2 splits in our PLL split history database. The first split for PLL took place on December 30, 1991. This was a 3 for 2
split, meaning for each 2
shares of PLL owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. PLL's second split took place on December 28, 1992. This was a 4 for 3
split, meaning for each 3
shares of PLL owned pre-split, the shareholder now owned 4 shares. For example, a 1500 share position pre-split, became a 2000 share position following the split.
When a company such as Piedmont Lithium 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 PLL 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 Piedmont Lithium shares, starting with a $10,000 purchase of PLL, presented on a split-history-adjusted basis factoring in the complete PLL split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/03/2018 |
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| End date: |
04/25/2025 |
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| Start price/share: |
$17.59 |
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| End price/share: |
$8.47 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-51.85% |
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| Average Annual Total Return: |
-9.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,816.91 |
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| Years: |
7.31 |
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| Date |
Ratio |
| 12/30/1991 | 3 for 2
| | 12/28/1992 | 4 for 3
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