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Odyssey Marine Exploration (OMEX) has 1 split in our OMEX split history database. The split for OMEX took place on February 22, 2016. This was a 1 for 12 reverse split, meaning for each 12 shares of OMEX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as Odyssey Marine Exploration 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 OMEX split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Odyssey Marine Exploration shares, starting with a $10,000 purchase of OMEX, presented on a split-history-adjusted basis factoring in the complete OMEX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-17.43%|
|About Odyssey Marine Exploration|
|Odyssey Marine Exploration is engaged in deep-ocean exploration. Co. focuses on the discovery, development and extraction of deep-ocean minerals. Co.'s techniques are also applied to shipwreck cargo recovery and other marine survey and exploration charter services. Co. has several projects in various stages of development around the world from both its own portfolio as well as through third-party contracts. Within its deep-ocean mineral exploration, Co. provides exploration services, including geophysical and geotechnical assessments of seabed mineral deposits, to companies, including its subsidiaries and companies in which it holds an equity position, as a resource development partner. According to our OMEX split history records, Odyssey Marine Exploration has had 1 split.|
|OMEX Split History Table|
|02/22/2016||1 for 12|
|Industrials Stock Splits|
|OMEX is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: OMEX shares outstanding history