Covia Holdings is a holding company. Through its subsidiaries, Co. provides minerals-based and material solutions for the Industrial and Energy markets. Co.'s Industrial segment provides raw products to the glass, ceramics, coatings, polymers, construction, foundry, filtration, sports and recreation and various other industries. Co.'s Energy segment provides the oil and gas industry a portfolio of raw frac sand, proppants, well-cementing additives, gravel-packing media and drilling mud additives that meet or exceed the American Petroleum Institute standards. Co.'s products serve hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe. We show 8 historical shares outstanding datapoints in our CVIA shares outstanding history coverage, used to compute CVIA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CVIA market cap history over the course of time is important for investors
interested in comparing CVIA's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CVIA versus a peer is one thing; comparing
CVIA market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CVIA can fluctuate over the course of history.
With this page we aim to empower investors researching CVIA by allowing them to research the CVIA market cap history. |
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Video: The Importance of Market Cap
