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Video: What is a Stock Split?
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Platinum Group Metals is engaged in the acquisition, exploration and development of platinum and palladium properties. Co. holds interests in platinum properties in the Northern Limb of the Bushveld Complex. Co.'s business is conducted primarily in South Africa. Co.'s main material mineral property is the Waterberg Project. The Waterberg Project is located in the province of Limpopo, South Africa. According to our Platinum Group Metals stock split history records, Platinum Group Metals has had 2 splits. | |
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Platinum Group Metals (PLG) has 2 splits in our Platinum Group Metals stock split history database. The first split for PLG took place on January 28, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of PLG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. PLG's second split took place on December 17, 2018. This was a 1 for 10 reverse split, meaning for each 10 shares of PLG owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 10 share position following the split.
When a company such as Platinum Group Metals 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 Platinum Group Metals stock split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Platinum Group Metals shares, starting with a $10,000 purchase of PLG, presented on a split-history-adjusted basis factoring in the complete Platinum Group Metals stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/06/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$106.00 |
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End price/share: |
$1.30 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.77% |
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Average Annual Total Return: |
-35.60% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$122.70 |
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Years: |
10.00 |
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Date |
Ratio |
01/28/2016 | 1 for 10 | 12/17/2018 | 1 for 10 |
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