Canagold Resources Stock Today
| CRCUF Stock | USD 0.19 0.01 5.56% |
Performance6 of 100
| Odds Of DistressLess than 38
|
Canagold Resources is trading at 0.19 as of the 19th of April 2024. This is a 5.56 percent up since the beginning of the trading day. The stock's lowest day price was 0.18. Canagold Resources has about a 38 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Canagold Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Canagold Resources Ltd. engages in the acquisition, exploration, and development of precious metal properties in the United States and Canada. The company was formerly known as Canarc Resource Corp. and changed its name to Canagold Resources Ltd. in December 2020.Canagold Resources Ltd. The company has 136.89 M outstanding shares. More on Canagold Resources
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Follow Valuation Odds of Bankruptcy
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Canagold OTC Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canagold Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canagold Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Catalin Chiloflischi |
| Business Concentration | Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) |
Canagold Resources [CRCUF] is traded as part of a regulated electronic over-the-counter service offered by the NASD. The company currently falls under 'Micro-Cap' category with a current market capitalization of 23.94 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canagold Resources's market, we take the total number of its shares issued and multiply it by Canagold Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Canagold Resources classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 136.89 M outstanding shares.
Canagold Resources has accumulated about 921 K in cash with (893 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Canagold Resources Probability Of Bankruptcy
Ownership AllocationCanagold Resources retains a total of 136.89 Million outstanding shares. Canagold Resources retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Canagold Ownership Details
Canagold Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Canagold Resources jumping above the current price in 90 days from now is near 1%. The Canagold Resources probability density function shows the probability of Canagold Resources otc stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Canagold Resources has a beta of 0.6832 suggesting as returns on the market go up, Canagold Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canagold Resources will be expected to be much smaller as well. Additionally, canagold Resources has an alpha of 0.2541, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Canagold Resources to move above the current price in 90 days from now is near 1 (This Canagold Resources probability density function shows the probability of Canagold OTC Stock to fall within a particular range of prices over 90 days) .
Canagold Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Canagold Resources market risk premium is the additional return an investor will receive from holding Canagold Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canagold Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Canagold Resources' alpha and beta are two of the key measurements used to evaluate Canagold Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.98 | |||
| Semi Deviation | 3.77 | |||
| Standard Deviation | 5.04 | |||
| Variance | 25.44 |
Canagold Stock Against Markets
Picking the right benchmark for Canagold Resources otc stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Canagold Resources otc stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Canagold Resources is critical whether you are bullish or bearish towards Canagold Resources at a given time. Please also check how Canagold Resources' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Canagold Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Canagold Resources Corporate Directors
Canagold Resources corporate directors refer to members of a Canagold Resources board of directors. The board of directors generally takes responsibility for the Canagold Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Canagold Resources' board members must vote for the resolution. The Canagold Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Leonard Harris | Independent Director | Profile | |
| Deepak Malhotra | Director | Profile | |
| Akiba Leisman | Director | Profile | |
| Martin Burian | Director | Profile |
How to buy Canagold OTC Stock?
Before investing in Canagold Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Canagold Resources. To buy Canagold Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Canagold Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Canagold Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Canagold Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Canagold Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Canagold Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Canagold Resources?
The danger of trading Canagold Resources is mainly related to its market volatility and OTC Stock specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Canagold Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Canagold Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Canagold Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canagold Resources. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Canagold OTC Stock analysis
When running Canagold Resources' price analysis, check to measure Canagold Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canagold Resources is operating at the current time. Most of Canagold Resources' value examination focuses on studying past and present price action to predict the probability of Canagold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canagold Resources' price. Additionally, you may evaluate how the addition of Canagold Resources to your portfolios can decrease your overall portfolio volatility.
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