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  5. TVE: There appears to be something wrong with the Market Cap amount on your report. [Tamarack Valley Energy Ltd.]
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Q: There appears to be something wrong with the Market Cap amount on your report. TMX is saying there are 50M Total shares(All Classes) and 493M (Issued and outstanding shares). Quote Media is saying the are 493M shares. The 50M number multiplied by the Latest price gets the market cap on 5i and Quote Media of 383M. The 493M number multiplied by the latest price gets about $3.8B market cap which is shown on TD Cowen and Yahoo. Both numbers are shown on TMX. It would seem there is an error in the Total Shares at one of the data sources? I just noticed by chance as I use MC as a screening criteria and the 383M number didn't feel correct.
Asked by John on November 25, 2025
5i Research Answer:

From the company's September 30, 2025 public filings (quarterly report), there are 493,099,000 shares outstanding.