Arian Resources (Arian Resources) Shares Outstanding (Diluted Average) : 139.55 Mil (As of Nov. 2016)

Arian Resources Shares Outstanding (Diluted Average) Chart

Arian Resources Annual Data
	Trend	May07	May08	May09	May10	May11	May12	May13	May14	May15	May16
Shares Outstanding (Diluted Average)		Get a 7-Day Free Trial					6.01	15.90	52.47	102.62	134.79

Arian Resources Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
Shares Outstanding (Diluted Average)	Get a 7-Day Free Trial															139.55	133.20	139.54	139.55	139.55

Arian Resources Shares Outstanding (Diluted Average) 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 exact time point. 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.

Arian Resources  (OTCPK:GNHRF) Shares Outstanding (Diluted Average) 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.

Be Aware

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.

Arian Resources Shares Outstanding (Diluted Average) Related Terms

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Arian Resources (Arian Resources) Business Description