i think you might need some elementary schooling on how market caps work. PNV or any other company for that matter does not choose or set a market cap. Market caps are derived from the share price, therefor a share price of $2.40 give or take is a direct reflection of the markets valuation of said company at the time. So a market cap of $1.5bn is perfectly correct because the market (people buying and selling) sets the market cap at that moment in time.
I hope I've explained this clearly otherwise i'll get some crayons and Bell Potter letter headed paper out for you.
Ann: H1 FY21 Results Investor Presentation, page-31
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Last
$2.58 |
Change
-0.030(1.15%) |
Mkt cap ! $1.780B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.63 | $2.57 | $1.570M | 605.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2918 | $2.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.60 | 1574 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |