Platinum Group Metals Ltd. has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on January 28, 2016 with the ratio of 1-for-10, meaning that for 10 shares of PLG owned pre-split, shareholders then owned 1 share. The most recent stock split took place on December 17, 2018 on a 1-for-10 basis.
These actions have increased PLG stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Platinum Group Metals Ltd.'s total market capitalization.
For more detailed information of Platinum Group Metals Ltd.'s stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Platinum Group Metals Ltd. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PLG stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Platinum Group Metals Ltd.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
