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). Balto Resources's share price for the quarter that ended in Dec. 2023 was C$0.025. Balto Resources's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 72.69 Mil. Therefore, Balto Resources's market cap for the quarter that ended in Dec. 2023 was C$1.82 Mil.
Balto Resources's quarterly market cap
declined
from Jun. 2023 (C$6.54 Mil) to Sep. 2023 (C$2.91 Mil) and
declined
from Sep. 2023 (C$2.91 Mil) to Dec. 2023 (C$1.82 Mil).
Balto Resources's annual market cap
declined
from Mar. 2021 (C$14.54 Mil) to Mar. 2022 (C$8.00 Mil) and
declined
from Mar. 2022 (C$8.00 Mil) to Mar. 2023 (C$2.54 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. Balto Resources's Enterprise Value for Today is C$1.82 Mil.
Balto Resources Market Cap Historical Data
The historical data trend for Balto Resources'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 Balto Resources's Market Cap
For the Other Industrial Metals & Mining subindustry, Balto Resources'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.
Balto Resources's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Balto Resources's Market Cap distribution charts can be found below:
* The bar in red indicates where Balto Resources's Market Cap falls into.
Balto Resources 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.
Balto Resources's Market Cap for the fiscal year that ended in Mar. 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.
Balto Resources (TSXV:BAL.H) 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.
Balto Resources Market Cap Related Terms
Thank you for viewing the detailed overview of Balto Resources's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
850 West Hastings Street, Suite 600, Vancouver, BC, CAN, V6C 1E1
Website
Balto Resources Ltd operates as a resource property development company. It engages in the process of exploration and evaluating its mineral property. The company holds the majority of the working interest in the SED Mineral claims that cover an area of more than 500 hectares located in the Kamloops Mining Division, British Columbia.
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