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Patriot Lithium (ASX:PAT) Shares Outstanding (EOP) : 91.45 Mil (As of Dec. 2023)


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What is Patriot Lithium Shares Outstanding (EOP)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Patriot Lithium's shares outstanding for the quarter that ended in Dec. 2023 was 91.45 Mil.

Patriot Lithium's quarterly shares outstanding increased from Jun. 2023 (86.83 Mil) to Dec. 2023 (91.45 Mil). It means Patriot Lithium issued new shares from Jun. 2023 to Dec. 2023 .

Patriot Lithium's annual shares outstanding increased from Jun. 2022 (0.00 Mil) to Jun. 2023 (86.83 Mil). It means Patriot Lithium issued new shares from Jun. 2022 to Jun. 2023 .


Patriot Lithium Shares Outstanding (EOP) Historical Data

The historical data trend for Patriot Lithium'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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Patriot Lithium Shares Outstanding (EOP) Chart

Patriot Lithium Annual Data
Trend Jun22 Jun23
Shares Outstanding (EOP)
- 86.83

Patriot Lithium Semi-Annual Data
Dec22 Jun23 Dec23
Shares Outstanding (EOP) 84.45 86.83 91.45

Competitive Comparison of Patriot Lithium's Shares Outstanding (EOP)

For the Other Industrial Metals & Mining subindustry, Patriot Lithium'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.


Patriot Lithium's Shares Outstanding (EOP) Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Patriot Lithium's Shares Outstanding (EOP) falls into.



Patriot Lithium 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.


Patriot Lithium  (ASX:PAT) 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.


Patriot Lithium Shares Outstanding (EOP) Related Terms

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Patriot Lithium (ASX:PAT) Business Description

Traded in Other Exchanges
N/A
Address
16 Milligan Street, Level 3, Perth, WA, AUS, 6000
Patriot Lithium Ltd is focused on acquiring, exploring and developing lithium projects in South Dakota, Wyoming and Arizona in the United States of America. The company has three project areas, namely the Keystone Project comprising of 255 unpatented lode mining claims, the Tinton West Project comprising the TSD Claim Group of 20 unpatented lode mining claims and the TW Claim Group of 49 unpatented lode mining claims, and the Wickenburg Project comprising of 347 unpatented lode mining claims. The company is also engaged in the Ontario Lithium project.

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