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). Rainbow Rare Earths's share price for the quarter that ended in Jun. 2024 was $0.155. Rainbow Rare Earths's Shares Outstanding (EOP) for the quarter that ended in Jun. 2024 was 630.32 Mil. Therefore, Rainbow Rare Earths's market cap for the quarter that ended in Jun. 2024 was $97.70 Mil.
Rainbow Rare Earths's quarterly market cap
increased
from Jun. 2023 ($71.86 Mil) to Dec. 2023 ($126.06 Mil) but then
declined
from Dec. 2023 ($126.06 Mil) to Jun. 2024 ($97.70 Mil).
Rainbow Rare Earths's annual market cap
declined
from Jun. 2022 ($104.88 Mil) to Jun. 2023 ($71.86 Mil) but then
increased
from Jun. 2023 ($71.86 Mil) to Jun. 2024 ($97.70 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. Rainbow Rare Earths's Enterprise Value for Today is $102.75 Mil.
Rainbow Rare Earths Market Cap Historical Data
The historical data trend for Rainbow Rare Earths'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 Rainbow Rare Earths's Market Cap
For the Other Industrial Metals & Mining subindustry, Rainbow Rare Earths'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.
Rainbow Rare Earths's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Rainbow Rare Earths's Market Cap distribution charts can be found below:
* The bar in red indicates where Rainbow Rare Earths's Market Cap falls into.
Rainbow Rare Earths 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.
Rainbow Rare Earths's Market Cap for the fiscal year that ended in Jun. 2024 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.
Rainbow Rare Earths (OTCPK:RBWRF) 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.
Rainbow Rare Earths Market Cap Related Terms
Thank you for viewing the detailed overview of Rainbow Rare Earths's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Rainbow Rare Earths Ltd aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the magnet rare earth elements neodymium & praseodymium, dysprosium & terbium. It is focused on the development of the Phalaborwa Project and the earlier stage Uberaba Project. Both projects entail the recovery of rare earths from phosphogypsum stacks that occur as the by-product of phosphoric acid production, with the original source rock for both deposits being a hardrock carbonatite.
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