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PPP (PPP) has 1 split in our PPP split history database. The split for PPP took place on August 06, 2010. This was a 1 for 20 reverse split, meaning for each 20 shares of PPP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as PPP 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 PPP split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PPP shares, starting with a $10,000 purchase of PPP, presented on a split-history-adjusted basis factoring in the complete PPP split history.
No data found
About PPP |
Primero Mining is a Canadian-based precious metals producer with operations in Mexico. Co. is focused on building a portfolio of high quality, low cost precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. Co. has one producing property, the San Dimas Mine, located in Mexico's San Dimas district, on the border of Durango and Sinaloa states, and one exploration property, Ventanas, located in Durango state, Mexico. According to our PPP split history records, PPP has had 1 split. |
PPP Split History Table | |
Date | Ratio |
08/06/2010 | 1 for 20 |
Materials Stock Splits |
PPP is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
PRG Split History
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