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Nine Mile Metals (XCNQ:NINE) Shares Outstanding (EOP) : 69.47 Mil (As of Dec. 2023)


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What is Nine Mile Metals Shares Outstanding (EOP)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Nine Mile Metals's shares outstanding for the quarter that ended in Dec. 2023 was 69.47 Mil.

Nine Mile Metals's quarterly shares outstanding increased from Sep. 2023 (63.84 Mil) to Dec. 2023 (69.47 Mil). It means Nine Mile Metals issued new shares from Sep. 2023 to Dec. 2023 .

Nine Mile Metals's annual shares outstanding increased from Sep. 2022 (52.98 Mil) to Sep. 2023 (63.84 Mil). It means Nine Mile Metals issued new shares from Sep. 2022 to Sep. 2023 .


Nine Mile Metals Shares Outstanding (EOP) Historical Data

The historical data trend for Nine Mile Metals's Shares Outstanding (EOP) 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.

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Nine Mile Metals Shares Outstanding (EOP) Chart

Nine Mile Metals Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Shares Outstanding (EOP)
8.60 8.60 21.92 52.98 63.84

Nine Mile Metals Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.98 57.02 57.36 63.84 69.47

Competitive Comparison of Nine Mile Metals's Shares Outstanding (EOP)

For the Gold subindustry, Nine Mile Metals's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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.


Nine Mile Metals's Shares Outstanding (EOP) Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nine Mile Metals's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where Nine Mile Metals's Shares Outstanding (EOP) falls into.



Nine Mile Metals Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.


Nine Mile Metals  (XCNQ:NINE) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Nine Mile Metals Shares Outstanding (EOP) Related Terms

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Nine Mile Metals (XCNQ:NINE) Business Description

Traded in Other Exchanges
Address
350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4
Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.