AVL 0.00% 1.6¢ australian vanadium limited

AVL Cream of the crop, page-30

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    market cap is determined by number of shares on issue times the share price.
    People make judgements on the value of the market cap.
    For various reasons companies sometimes consolidate the register, reducing or increasing the number of shares and adjusting the share price at a new price point.
    That is why the number of shares on issue is important.
 
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