Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Grid Metals's share price for the quarter that ended in Mar. 2024 was $0.04486. Grid Metals's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 203.93 Mil. Therefore, Grid Metals's market cap for the quarter that ended in Mar. 2024 was $9.15 Mil.
Grid Metals's quarterly market cap
declined
from Sep. 2023 ($15.61 Mil) to Dec. 2023 ($14.35 Mil) and
declined
from Dec. 2023 ($14.35 Mil) to Mar. 2024 ($9.15 Mil).
Grid Metals's annual market cap
increased
from Dec. 2021 ($7.37 Mil) to Dec. 2022 ($19.84 Mil) but then
declined
from Dec. 2022 ($19.84 Mil) to Dec. 2023 ($14.35 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Grid Metals's Enterprise Value for Today is $9.17 Mil.
Grid Metals Market Cap Historical Data
The historical data trend for Grid Metals's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Grid Metals's Market Cap
For the Other Industrial Metals & Mining subindustry, Grid Metals's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Grid Metals's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Grid Metals's Market Cap distribution charts can be found below:
* The bar in red indicates where Grid Metals's Market Cap falls into.
Grid Metals Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Grid Metals's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Grid Metals (OTCPK:MSMGF) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Grid Metals Market Cap Related Terms
Thank you for viewing the detailed overview of Grid Metals's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Grid Metals Corp is an exploration and development company currently focused on exploration and resource growth at its properties in Manitoba and Ontario. The company has a diversified portfolio of properties where it is actively exploring for Nickel-Copper-PGM-Cobalt, palladium, and lithium. The Makwa Mayville Project 145 km from Winnipeg MB has a significant NI 43-101 compliant resource of nickel-copper and platinum group metals and a highly prospective lithium property.
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