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
His terminal would be showing incorrectly as a carry on...
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Last
5.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.30M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.3¢ | 5.1¢ | $38.76K | 753.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 144422 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 20000 | 1 |
View Market Depth
| Last trade - 15.59pm 02/05/2024 (20 minute delay) ? |
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Last
5.1¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.1¢ | 5.1¢ | 5.1¢ | 20000 | ||
| Last updated 13.38pm 02/05/2024 ? | |||||
| EUR (ASX) Chart |