Good on you for getting your head around this stuff in your early 20s.
Yeah when you think about Market Capitalisation, it's what the company is worth. If a company has one million shares on issue, and the share price is $1, then it makes sense that your company's market cap value is just $1 x one million shares = $1m
Using SUM's 56 million shares on issue referenced above, you can work out the market cap at various prices.
This can be useful when comparing to similar companies - market cap is the data point to compare, then you can work backwards using the above calculation to find what the share price would be at that valuation.
Good on you for getting your head around this stuff in your...
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Last
44.0¢ |
Change
-0.050(10.2%) |
Mkt cap ! $25.01M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 54.5¢ | 44.0¢ | $5.662M | 11.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 143131 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| SUM (ASX) Chart |