Volta Metals (XCNQ:VLTA) Price-to-Tangible-Book : 2.17 (As of May. 25, 2024)

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What is Volta Metals Price-to-Tangible-Book?

As of today (2024-05-25), Volta Metals's share price is C$0.05. Volta Metals's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$0.02. Hence, Volta Metals's Price to Tangible Book Ratio of today is 2.17.

The historical rank and industry rank for Volta Metals's Price-to-Tangible-Book or its related term are showing as below:

XCNQ:VLTA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.8 Med: 3.78 Max: 5.56
Current: 2.5

During the past 2 years, Volta Metals's highest Price to Tangible Book Ratio was 5.56. The lowest was 1.80. And the median was 3.78.

XCNQ:VLTA's Price-to-Tangible-Book is ranked worse than
70.82% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs XCNQ:VLTA: 2.50

A closely related ratio is called PB Ratio. As of today, Volta Metals's share price is C$0.05. Volta Metals's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$0.02. Hence, Volta Metals's P/B Ratio of today is 2.17.

Volta Metals Price-to-Tangible-Book Historical Data

The historical data trend for Volta Metals's Price-to-Tangible-Book 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.

* Premium members only.

Volta Metals Price-to-Tangible-Book Chart

Volta Metals Annual Data

Trend

Dec22

Dec23

Price-to-Tangible-Book

5.56

Volta Metals Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	1.80	5.16	5.56	2.39

Competitive Comparison of Volta Metals's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Volta Metals's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Volta Metals's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Volta Metals's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Volta Metals's Price-to-Tangible-Book falls into.

Volta Metals Price-to-Tangible-Book Calculation

Volta Metals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.05	/	0.023
	=	2.17

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Volta Metals Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Volta Metals's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Volta Metals (XCNQ:VLTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volta Metals Ltd (XCNQ:VLTA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

D0W:Germany

Address

390 Bay Street, Suite 700a, Toronto, ON, CAN, M5H 2Y2

Website

https://www.voltametals.ca

Volta Metals Ltd is a mineral exploration company focused on lithium, cesium and tantalum exploration in Canada, and led by a group of mining professionals. It is currently exploring a critical minerals portfolio of lithium, cesium and tantalum projects in northwestern Ontario, which is considered to be one of the more prolific emerging hard-rock lithium districts globally. The company's projects include Flacon west project, Root Project, White Lights Project, Kim Lake & Store Lake Project, Junior Lake Project, and Crescent Lake Project.

Executives

Kerem Usenmez

Senior Officer