Arras Minerals (TSXV:ARK) 3-Month Share Buyback Ratio : -29.41% (As of Jul. 2024 )

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What is Arras Minerals 3-Month Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past three months, calculated as the percentage change in shares outstanding from the previous quarter to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Arras Minerals's current 3-Month Share Buyback Ratio was -29.41%.

Competitive Comparison of Arras Minerals's 3-Month Share Buyback Ratio

For the Other Precious Metals & Mining subindustry, Arras Minerals's 3-Month Share Buyback Ratio, along with its competitors' market caps and 3-Month Share Buyback Ratio 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.

Arras Minerals's 3-Month Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Arras Minerals's 3-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Arras Minerals's 3-Month Share Buyback Ratio falls into.

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Arras Minerals 3-Month Share Buyback Ratio Calculation

Arras Minerals's 3-Month Share Buyback Ratio for the quarter that ended in Jul. 2024 is calculated as

3-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Apr. 2024 )	-	Shares Outstanding (EOP) (Jul. 2024 ))	/	Shares Outstanding (EOP) (Apr. 2024 )
	=	(68.919	-	89.188)	/	68.919
	=	-29.41%

* 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.

Arras Minerals (TSXV:ARK) 3-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Arras Minerals 3-Month Share Buyback Ratio Related Terms

Arras Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » 3-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

ARRKF:USA 9RJ:Germany

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire an interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer