yes mate, share price = market cap divided by shares on...

yes mate, share price = market cap divided by shares on issue.

CXO has a market cap of $422mil, and shares on issue (SOI) of about 1.175 billion. $422mil/1.175 billion = about $0.36. Hence CXO has a 36c share price right now.

CHR has about a $22mil MC and about 50 million SOI. Hence why CHR has a 43c share price right now.

So when looking at a company’s value, you look at their market cap, not share price. CXO is currently valued at about 19x that of CHR.

In order for the CXO share price to double from where it is now (so for the company to increase in value by an extra $422mil), CXO probably needs to accomplish some big things for that to happen (I think they will accomplish these big things by the way).

But in order for CHR share price to double (so to increase from $22mil to $44mil), you will only need a small amount of good news for this to happen. And during a bull cycle, you might not even need much news at all. The lithium wave alone might be able to take you there.

Thats why I like these small MC stocks with low SOI: if you find a good one in the right place at the right time then there can be some quick and decent gains to be had.

hope this helps

IMO

GLTAH