Xanadu Mines Market cap
What is the Market cap of Xanadu Mines?
The Market cap of Xanadu Mines Limited is $27.75M
What is the definition of Market cap?
Market capitalization is the market value at a point in time of the shares outstanding of a publicly traded company, being equal to the share price at that point of time times the number of shares outstanding.
= outstanding shares * previous day’s close
As outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation.
Market capitalization is used by the investment community in ranking the size of companies, as opposed to sales or total asset figures. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. In performing such rankings, the market capitalizations are calculated at some significant date, such as 30 June or 31 December.
The total capitalization of stock markets or economic regions may be compared with other economic indicators. The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007 and rose as high as US$57.5 trillion in May 2008 before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008. In 2014 and 2015, global market capitalization was US$68 trillion and US$67 trillion, respectively.
Market cap of companies in the Materials sector on TSX compared to Xanadu Mines
What does Xanadu Mines do?
Xanadu Mines Limited engages in the exploration and development of various mineral projects in Mongolia. The company primarily explores for copper and gold deposits. Its flagship project is the Kharmagtai copper-gold project located in Omnogovi province to the southeast of Ulaanbaatar. The company also holds interest in the Red Mountain copper-gold project located in the Dornogovi Province of southern Mongolia. Xanadu Mines Limited has a strategic partnership with Zijin Mining Group Co., Ltd to progress the Kharmagtai copper-gold project through its next phase of project evaluation and decision on future development. The company was incorporated in 2005 and is headquartered in Sydney, Australia.
Companies with market cap similar to Xanadu Mines
- Perisson Petroleum has Market cap of $27.70M
- iCandy Interactive has Market cap of $27.70M
- Rekor Systems Inc has Market cap of $27.71M
- The Ince plc has Market cap of $27.71M
- Shreyans Industries has Market cap of $27.72M
- Mexco Corp has Market cap of $27.73M
- Xanadu Mines has Market cap of $27.75M
- New York City REIT has Market cap of $27.77M
- Newport Exploration has Market cap of $27.78M
- ADC India Communications has Market cap of $27.78M
- St George Mining has Market cap of $27.79M
- Correvio Pharma has Market cap of $27.79M
- Sadbhav Infrastructure Project has Market cap of $27.80M