Warrior Met Coal is a supplier to the global steel industry. Co. is focused on mining non-thermal met coal used as a component of steel production by metal manufacturers in Europe, South America and Asia. Co. is a producer and exporter of met coal, also known as hard coking coal, operating longwall operations in its underground mines based in Alabama, Mine No. 4 and Mine No. 7. Co.'s natural gas operations remove and sell natural gas from the coal seams owned or leased by reducing natural gas levels in its mines. The met coal from Co.'s Mines No. 4 and No. 7 is sold as a low volatility and mid-volatility met coal. We show 28 historical shares outstanding datapoints in our HCC shares outstanding history coverage, used to compute HCC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HCC market cap history over the course of time is important for investors
interested in comparing HCC'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 HCC versus a peer is one thing; comparing
HCC 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 HCC can fluctuate over the course of history.
With this page we aim to empower investors researching HCC by allowing them to research the HCC market cap history. |
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Video: The Importance of Market Cap
