What does the new ticker symbol rhdm stand for?
About RHDM. Rhodium Enterprises is an industrial-scale digital asset technology company utilizing our proprietary technologies to mine bitcoin. Our strategy is to create innovative technologies to be the most sustainable and cost-efficient producer of bitcoin in the industry. We believe we can achieve this through our fully integrated infrastructure platform, access to …
How many shares of stock does rhodium plan to issue?
Jan 15, 2022 · RHDM: Get the latest Rhodium Enterprises stock price and detailed information including RHDM news, historical charts and realtime prices.
What is a “rhodium”?
Rhodium Enterprises, Inc. Class A Common Stock (RHDM) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets.
Why was RHDM Cancelled?
Bitcoin miner Rhodium Enterprises, Inc. (RHDM proposed) and a REIT, Four Springs Capital Trust (FSPR proposed), have pulled their IPOs – both expected to start trading today (Thursday, Jan. 20, 2022) – “due to market conditions.” The NASDAQ's slide into correction territory on Wednesday was the reason.Jan 20, 2022
Who owns rhodium?
The company's four founders—Nathan Nichols, Chase Blackmon, Cameron Blackmon, and Nicholas Cerasuolo—will own 54.3% of Rhodium after the IPO. Nichols is Rhodium's CEO, Chase is chief operating officer, Cameron is chief technology officer while Cerasuolo is CFO.Jan 13, 2022
What happened rhodium IPO?
Rhodium's IPO was “postponed due to market conditions,” a person familiar with the situation said. Rhodium did not immediately return calls for comment. Rhodium is a digital-asset-technology company that began mining Bitcoin in September 2020.Jan 20, 2022
What market cap means?
Market cap—or market capitalization—refers to the total value of all a company's shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares. For example, a company with 20 million shares selling at $50 a share would have a market cap of $1 billion.
Should I invest in rhodium?
Rhodium could easily be mistaken for silver in its natural form but it is very brittle with a glassy appearance. One of the biggest advantages of investing in rhodium is its ability to make money for the buyer.
What is rhodium trading at?
PGMsPriceRHODIUM USD/Oz19100.00RHODIUM GBP/Oz14659.73RHODIUM EUR/Oz17559.97RUTHENIUM USD/Oz625.005 more rows
Is there a rhodium ETF?
There is no futures market for rhodium, but there are a few exchange-traded products, including the Xtrackers Physical Rhodium ETF XFRD, and AfricaRhodium ETF ETFRHO, -1.69% .Mar 22, 2019
What is rhodium used for?
The major use of rhodium is in catalytic converters for cars (80%). It reduces nitrogen oxides in exhaust gases. Rhodium is also used as catalysts in the chemical industry, for making nitric acid, acetic acid and hydrogenation reactions.
Where is rhodium found?
Commercial rhodium is generally obtained as a byproduct of copper and nickel refining. In nature, rhodium can occur uncombined or with other platinum minerals. It can be found in river sands in North and South America and in copper-nickel sulfide ores in Ontario, Canada, according to the Royal Society of Chemistry.Mar 12, 2018
What is a good PE ratio?
A higher P/E ratio shows that investors are willing to pay a higher share price today because of growth expectations in the future. The average P/E for the S&P 500 has historically ranged from 13 to 15. For example, a company with a current P/E of 25, above the S&P average, trades at 25 times earnings.
Is high market cap good crypto?
In general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. For this reason, market cap is often regarded as the single most important indicator for ranking cryptocurrencies.
Is a higher market cap better?
Generally, market capitalization corresponds to a company's stage in its business development. Typically, investments in large-cap stocks are considered more conservative than investments in small-cap or midcap stocks, potentially posing less risk in exchange for less aggressive growth potential.