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 Video: What is a Stock Split?
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| Exeter Resource is engaged in the acquisition, exploration and development of mineral properties located in the Maricunga Region, Chile. Co. is in the process of exploring its mineral properties and has not yet determined whether these properties contain mineral reserves that are economically recoverable. The recoverability of the amount shown for mineral properties are dependent upon the discovery of economically recoverable reserves, Co.'s ability to obtain necessary financing to complete the development and upon future profitable production of proceeds from the disposition of mineral properties. According to our XRA split history records, XRA has had 1 split. | |
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XRA (XRA) has 1 split in our XRA split history database. The split for XRA took place on March 24, 2010. This was a 132 for 100 split, meaning for each 100 shares of XRA owned pre-split, the shareholder now owned 132 shares. For example, a 1000 share position pre-split, became a 1320 share position following the split.
When a company such as XRA 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 XRA split history from start to finish, an original position size of 1000 shares would have turned into 1320 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into XRA shares, starting with a $10,000 purchase of XRA, presented on a split-history-adjusted basis factoring in the complete XRA split history.
No data found |
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| Date |
Ratio |
| 03/24/2010 | 132 for 100 |
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