U.S. GoldMining (USGO)

Net assets on the balance sheet as of September 2024 : £4.3 Million

According to U.S. GoldMining's latest financial reports the company has £4.3 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

U.S. GoldMining - Net assets on balance sheet (from 2022 to 2024)

Net assets by year

Year	Net assets	Change
2023-11-30	$£9.61 M	-995.5%
2022-11-30	$-£1.08 Million	441.08%
2021-11-30	$-£0.2 Million	-531.4%
2020-11-30	$£0.04 M

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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U.S. GoldMining (USGO) - Net assets