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5.1¢ european lithium limited

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896 Posts.

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29/02/24

13:09

Post #: 72669729
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Originally posted by BRProject: ↑

His terminal would be showing incorrectly as a carry on conversion from SZZL to CRML.

SZZL had a market cap at approx 100M for approx 10-11 per share. So at 15.50 would show (if it was still trading as SZZL) as approx 150M market cap. So make sense with approx 145M the system is spitting out.

CRML has more shares issued at IPO and currently trading at 15.50 per share. So the market cap is greater. The equation as follows:

MC / # shares = x ( "x" being the share price)

So if to reverse that in determining market cap while you have info on share price and # of shares:
share price x # shares = market cap

The "system" needs updating how many number of shares on issue upon CRML IPO, not just SZZL shares that's been converted to CRML shares from deSPAC reverse merger.

Cheers

Expand

Thanks, makes sense!

Not the first company to IPO though so I would expect better accuracy from the exchange in reflecting company financials and return the correct number of shares and market cap.

As noted, we can debate the correct number of shares between us, but if the broader market is informed poorly it will come to the incorrect conclusions.

EUR Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.1¢		Change -0.002(3.77%)		Mkt cap ! $71.30M

Open	High	Low	Value	Volume
5.3¢	5.3¢	5.0¢	$64.30K	1.272M

Buyers (Bids)

No.	Vol.	Price($)
6	129955	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	12345	1

View Market Depth

No.	Vol.	Price($)
6	129955	0.050
4	164080	0.049
4	206689	0.048
3	142430	0.047
4	88829	0.046

Price($)	Vol.	No.
0.051	12345	1
0.053	87000	1
0.054	30000	1
0.055	23149	2
0.056	69230	3

Last trade - 15.58pm 17/07/2024 (20 minute delay)

EUR (ASX) Chart