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 Video: What is a Stock Split?
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| Pambili Natural Resources is engaged in the acquisition, exploration and development of oil and gas properties in Western Canada. According to our PNN split history records, Pambili Natural Resources has had 2 splits. | |
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Pambili Natural Resources (PNN) has 2 splits in our PNN split history database. The first split for PNN took place on May 23, 1996. This was a 4 for 1
split, meaning for each share of PNN owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split. PNN's second split took place on May 02, 2001. This was a 2 for 1 split, meaning for each share of PNN owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Pambili Natural Resources 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 PNN split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Pambili Natural Resources shares, starting with a $10,000 purchase of PNN, presented on a split-history-adjusted basis factoring in the complete PNN split history.
PNN -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 05/23/1996 | 4 for 1
| | 05/02/2001 | 2 for 1 |
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