Red Canyon Resources (XCNQ:REDC) Price-to-Tangible-Book : 3.09 (As of May. 14, 2024)

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What is Red Canyon Resources Price-to-Tangible-Book?

As of today (2024-05-14), Red Canyon Resources's share price is C$0.25. Red Canyon Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.08. Hence, Red Canyon Resources's Price to Tangible Book Ratio of today is 3.09.

The historical rank and industry rank for Red Canyon Resources's Price-to-Tangible-Book or its related term are showing as below:

XCNQ:REDC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.02 Med: 3.7 Max: 3.7
Current: 3.13

During the past 4 years, Red Canyon Resources's highest Price to Tangible Book Ratio was 3.70. The lowest was 3.02. And the median was 3.70.

XCNQ:REDC's Price-to-Tangible-Book is ranked worse than
77.69% of 2232 companies
in the Metals & Mining industry
Industry Median: 1.335 vs XCNQ:REDC: 3.13

A closely related ratio is called PB Ratio. As of today, Red Canyon Resources's share price is C$0.25. Red Canyon Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.08. Hence, Red Canyon Resources's P/B Ratio of today is 3.09.

Red Canyon Resources Price-to-Tangible-Book Historical Data

The historical data trend for Red Canyon Resources's Price-to-Tangible-Book 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.

* Premium members only.

Red Canyon Resources Price-to-Tangible-Book Chart

Red Canyon Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

3.70

Red Canyon Resources Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	-	-	3.70

Competitive Comparison of Red Canyon Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Red Canyon Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Red Canyon Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Red Canyon Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Red Canyon Resources's Price-to-Tangible-Book falls into.

Red Canyon Resources Price-to-Tangible-Book Calculation

Red Canyon Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.25	/	0.081
	=	3.09

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Red Canyon Resources Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Red Canyon Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Red Canyon Resources (XCNQ:REDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Canyon Resources Ltd (XCNQ:REDC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redcanyonresources.com

Red Canyon Resources Ltd is a mineral resource company principally engaged in the acquisition and exploration of mineral resource properties. Its objective is to locate and develop copper and associated precious metals, focusing initially on the exploration and development of its principal project, the Peak Property, located in British Columbia, Canada.

Red Canyon Resources (XCNQ:REDC) Headlines

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