I have found out the stock WCEXF has traded a total of about 47,557,960 shares over the past two years. I believe the company went public in January 2020. Otcmarkets says the outstanding shares is 625M with a float of 576M. It does not make sense to me as to why these numbers are so much higher than the total shares traded for the past two years. Also, how could otcmarkets indicate there are only 2 shares held at DTC?? Is this the reason why there is so little volume? It seems like the float should be much lower than 576M if only 47M shares have been traded.
If anyone can give me some insight as to why you think these numbers/calculations are so different it would be greatly appreciated! I have included the DD with references below:
Outstanding Shares Not to be confused with authorized shares, outstanding shares refer to the number of stocks that a company has issued. This number represents all the shares that can be bought and sold by the public, as well as all the restricted shares that require special permission before being transacted. As we already explained, shares that can be freely bought and sold by public investors are called the float. This value changes depending on whether the company wishes to repurchase shares from the market or sell out more of its authorized shares from within its treasury.
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