Transforma Resources (TSXV:TFM) 6-Month Share Buyback Ratio : 0.00% (As of Sep. 2023 )

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What is Transforma Resources 6-Month Share Buyback Ratio?

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

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago 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. Transforma Resources's current 6-Month Share Buyback Ratio was 0.00%.

Competitive Comparison of Transforma Resources's 6-Month Share Buyback Ratio

For the Copper subindustry, Transforma Resources's 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-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.

Transforma Resources's 6-Month Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Transforma Resources's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Transforma Resources's 6-Month Share Buyback Ratio falls into.

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Transforma Resources 6-Month Share Buyback Ratio Calculation

Transforma Resources's 6-Month Share Buyback Ratio for the quarter that ended in Sep. 2023 is calculated as

6-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Mar. 2023 )	-	Shares Outstanding (EOP) (Sep. 2023 ))	/	Shares Outstanding (EOP) (Mar. 2023 )
	=	(16.970	-	23.803)	/	16.970
	=	-40.27%

* 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.

Transforma Resources (TSXV:TFM) 6-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.

Transforma Resources 6-Month Share Buyback Ratio Related Terms

Transforma Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Transforma Resources Corp (TSXV:TFM) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

8080 Cambie Road, Suite 309, Richmond, BC, CAN, V6X 0C1

Website

https://www.transformacorp.com

Transforma Resources Corp is a mining company. It is engaged in the exploration of mineral properties. The company holds interests in exploration properties in British Columbia, Canada. Its properties include Thunder Copper Claims. It operates in one operating segment in one geographic region being the Acquisition and Exploration of Mineral Properties in Canada.