Big Red Mining (XCNQ:RED) Cash per Share : C$0.01 (As of Feb. 2024)

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What is Big Red Mining Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Big Red Mining's Cash per Share for the quarter that ended in Feb. 2024 was C$0.01.

Big Red Mining Cash per Share Historical Data

The historical data trend for Big Red Mining's Cash per Share 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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Big Red Mining Cash per Share Chart

Big Red Mining Annual Data

Trend

Aug21

Aug22

Aug23

Cash per Share

0.06

0.02

0.01

Big Red Mining Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash per Share	Get a 7-Day Free Trial							0.02	0.01	0.01	0.01	0.01

Big Red Mining Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Big Red Mining's Cash per Share for the fiscal year that ended in Aug. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	0.215	/	25.49
	=	0.01

Big Red Mining's Cash per Share for the quarter that ended in Feb. 2024 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	0.242	/	25.59
	=	0.01

Big Red Mining (XCNQ:RED) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Big Red Mining Cash per Share Related Terms

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Big Red Mining (XCNQ:RED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Red Mining Corp (XCNQ:RED) » Definitions » Cash per Share

Comparable Companies

Traded in Other Exchanges

K8J:Germany

Address

101 - 17565 58 Avenue, Surrey, BC, CAN, V3S 4E3

Website

https://www.bigredmining.com

Big Red Mining Corp is in the business of acquiring and exploring mineral properties. It is an exploration company focused on developing its flagship copper project, the Dobie Lake Copper Property in Ontario, Canada. The management team possesses extensive experience in financing, exploration, development, and mining. The Company's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.

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