Magnis Resources Shares float
What is the Shares float of Magnis Resources?
The Shares float of Magnis Resources Limited is 808.059M 82.58%
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 Technology sector on ASX compared to Magnis Resources
What does Magnis Resources do?
Magnis Energy Technologies Limited engages in the exploration and development of mineral properties in the United States, Australia, and Tanzania. It primarily explores for natural flake graphite used in batteries for storing electrical energy. The company holds a 100% interest in the Nachu graphite project located in southeast Tanzania. It also engages in the lithium-ion Battery investments. The company was formerly known as Magnis Resources Limited and changed its name to Magnis Energy Technologies Limited in November 2018. Magnis Energy Technologies Limited was incorporated in 2005 and is based in Sydney, Australia.
Companies with shares float similar to Magnis Resources
- Karuturi Global has Shares float of 803.071M 53.63%
- Leonardo SpA has Shares float of 803.083M 69.81%
- Trident has Shares float of 803.949M 15.78%
- Ever Sunshine Lifestyle Services has Shares float of 804.450M 45.99%
- Crescent NV has Shares float of 805.362M 40.39%
- The Bank of New York Mellon has Shares float of 807.108M 81.63%
- Magnis Resources has Shares float of 808.059M 82.58%
- Keyne Ltd has Shares float of 809.937M 22.70%
- Roots Sustainable Agricultural Technologies has Shares float of 810.977M 78.88%
- Crown International has Shares float of 811.435M 23.66%
- Kalium Lakes has Shares float of 811.836M 69.42%
- Pharol, SGPS S.A has Shares float of 812.372M 98.85%
- Pharol, SGPS S.A has Shares float of 812.372M 93.85%