Carnarvon Petroleum Limited Stock Today
| CVONF Stock | USD 0.13 0.00 0.00% |
Performance0 of 100
| Odds Of DistressLess than 44
|
Carnarvon Petroleum is trading at 0.13 as of the 23rd of April 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.13. Carnarvon Petroleum has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Carnarvon Petroleum Limited are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Carnarvon Energy Limited explores for, develops, and produces oil and gas in Australia. Carnarvon Energy Limited was incorporated in 1983 and is headquartered in West Perth, Australia. Carnarvon Energy operates under Oil Gas EP classification in the United States and is traded on OTC Exchange.. The company has 1.8 B outstanding shares. More on Carnarvon Petroleum Limited
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Carnarvon Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Carnarvon Petroleum's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Carnarvon Petroleum or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Adrian Cook |
| Business Concentration | Oil & Gas E&P, Energy (View all Sectors) |
Carnarvon Petroleum Limited [CVONF] is a Pink Sheet which is traded between brokers over the counter. The company currently falls under 'Small-Cap' category with a current market capitalization of 187.36 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Carnarvon Petroleum's market, we take the total number of its shares issued and multiply it by Carnarvon Petroleum'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. Carnarvon Petroleum classifies itself under Energy sector and is part of Oil & Gas E&P industry. The entity has 1.8 B outstanding shares.
Carnarvon Petroleum Limited has accumulated about 112.61 M in cash with (5.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Carnarvon Petroleum Probability Of Bankruptcy
Ownership AllocationCarnarvon Petroleum retains a total of 1.8 Billion outstanding shares. Carnarvon Petroleum Limited shows 8.25 percent of its outstanding shares held by insiders and 13.795 percent owned by other corporate entities. 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 Carnarvon Ownership Details
Carnarvon Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Carnarvon Petroleum jumping above the current price in 90 days from now is about 50.0%. The Carnarvon Petroleum Limited probability density function shows the probability of Carnarvon Petroleum pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Carnarvon Petroleum Limited has a beta of -0.3226 suggesting as returns on the benchmark increase, returns on holding Carnarvon Petroleum are expected to decrease at a much lower rate. During a bear market, however, Carnarvon Petroleum Limited is likely to outperform the market. Additionally, carnarvon Petroleum Limited has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Carnarvon Petroleum to move above the current price in 90 days from now is about 50.0 (This Carnarvon Petroleum Limited probability density function shows the probability of Carnarvon Pink Sheet to fall within a particular range of prices over 90 days) .
Carnarvon Petroleum Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Carnarvon Petroleum market risk premium is the additional return an investor will receive from holding Carnarvon Petroleum 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 Carnarvon Petroleum. 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 Carnarvon Petroleum's alpha and beta are two of the key measurements used to evaluate Carnarvon Petroleum's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6444 | |||
| Standard Deviation | 2.43 | |||
| Variance | 5.9 | |||
| Risk Adjusted Performance | (0.01) |
Carnarvon Stock Against Markets
Picking the right benchmark for Carnarvon Petroleum pink sheet 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 Carnarvon Petroleum pink sheet 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 Carnarvon Petroleum is critical whether you are bullish or bearish towards Carnarvon Petroleum Limited at a given time. Please also check how Carnarvon Petroleum's historical prices are related to one of the top price index indicators.
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Carnarvon Petroleum Corporate Directors
Carnarvon Petroleum corporate directors refer to members of a Carnarvon Petroleum board of directors. The board of directors generally takes responsibility for the Carnarvon Petroleum's 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 Carnarvon Petroleum's board members must vote for the resolution. The Carnarvon Petroleum board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| William Foster | Non-Executive Independent Director | Profile | |
| Peter Moore | Non-Executive Independent Director | Profile | |
| Gavin Ryan | Non-Executive Director | Profile | |
| Edward Jacobson | Non-Executive Director | Profile |
How to buy Carnarvon Pink Sheet?
Before investing in Carnarvon Petroleum, 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 Carnarvon Petroleum. To buy Carnarvon Petroleum stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Carnarvon Petroleum. 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 Carnarvon Petroleum stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Carnarvon Petroleum Limited 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 Carnarvon Petroleum Limited 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 Carnarvon Petroleum Limited, 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 Carnarvon Petroleum Limited?
The danger of trading Carnarvon Petroleum Limited is mainly related to its market volatility and Company 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 Carnarvon Petroleum 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 Carnarvon Petroleum. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Carnarvon Petroleum 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 Carnarvon Petroleum Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Carnarvon Pink Sheet analysis
When running Carnarvon Petroleum's price analysis, check to measure Carnarvon Petroleum's 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 Carnarvon Petroleum is operating at the current time. Most of Carnarvon Petroleum's value examination focuses on studying past and present price action to predict the probability of Carnarvon Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnarvon Petroleum's price. Additionally, you may evaluate how the addition of Carnarvon Petroleum to your portfolios can decrease your overall portfolio volatility.
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