Quoin Pharmaceuticals Ltd Adr (QNRX) Stock Split History

Quoin Pharmaceuticals Ltd Adr has split its stock 5 times since its initial public offering (IPO). The first stock split occurred on October 23, 2019 with the ratio of 1-for-5, meaning that for 5 shares of QNRX owned pre-split, shareholders then owned 1 share. 4 more splits have been implemented since then. The most recent stock split took place on July 18, 2023 on a 1-for-12 basis.

These splits have increased QNRX stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Quoin Pharmaceuticals Ltd Adr's total market capitalization.

For more detailed information of Quoin Pharmaceuticals Ltd Adr's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Quoin Pharmaceuticals Ltd Adr 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 QNRX stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Quoin Pharmaceuticals Ltd Adr's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.