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Canadian Orebodies Shares float

What is the Shares float of Canadian Orebodies?

The Shares float of Canadian Orebodies Inc. is 25.265M 68.60%

What is the definition of Shares float?

Shares float is the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock.

= annual shares outstanding - closely held shares

Shares float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock held by promoters, company officers, controlling-interest investors, or government. This number is sometimes seen as a better way of calculating market capitalization because it provides a more accurate reflection of what public investors consider the company to be worth. In this context, the float may refer to all the shares outstanding that can be publicly traded

The float is calculated by subtracting the locked-in shares from outstanding shares. Stocks with smaller floats tend to be more volatile than those with larger floats. In general, the large holdings of founding shareholders, corporate cross-holdings, and government holdings in partially privatized companies are excluded when calculating the size of a public float.

Shares float of companies in the Materials sector on TSXV compared to Canadian Orebodies

What does Canadian Orebodies do?

Hemlo Explorers Inc. engages in the exploration and development of mineral properties in Canada. It explores for iron, gold, zinc, and other deposits. The company holds a 100% interest in the North Limb project that includes 653 claim cells comprising approximately 8,000 hectares, as well as staked 985 mining claim cells located to the northeast of Marathon, Ontario. It also holds interests in the Hemlo West properties that consist of 350 claims. In addition, the company holds a 100% interest in the Wire Lake project, which includes 245 claims covering approximately 4,047 hectares; the Black Raven property, which comprises 415 claim units covering approximately 6,640 hectares located in the northwest portion of the Hemlo Greenstone Belt; the Goodchild Lake property comprising 25 claim units totaling approximately 400 hectares; and the Benton property that includes 31 mining claim cells totaling approximately 500 hectares. Further, it holds a 100% interest in the Belcher Islands iron project, which covers 23,042 hectares located on the Belcher Islands situated in Nunavut, Canada. Additionally, the company holds royalty interests in the Hawkins property. The company was formerly known as Canadian Orebodies Inc. and changed its name to Hemlo Explorers Inc. in May 2020. Hemlo Explorers Inc. was incorporated in 2008 and is headquartered in Toronto, Canada.

Companies with shares float similar to Canadian Orebodies