Market cap can be used to see if something is overvalued or undervalued, isn't it used to calculate P/E?(sarcasm)
With explorers you can use market cap to determine if a stock is mispriced based on drill hits or resources defined? No? I would have thought market cap is quite important because that is the current value of the company. If PDI's market cap is 10 billion, wouldn't you think it is way overpriced and sell? On the other hand if it had a market cap of 20 million, with the MRE wouldn't you say it is undervalued and buy? Used ridiculous numbers to get the point across. Market cap is very important!!
Market cap can be used to see if something is overvalued or...
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $404.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.0¢ | $1.022M | 5.173M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 141690 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 178604 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
20.0¢ |
Change
0.000 ( 0.96 %) |
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| Open | High | Low | Volume | ||
| 19.5¢ | 20.5¢ | 19.0¢ | 1399225 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| PDI (ASX) Chart |