Aztec Minerals Corp Stock Shares Outstanding
| AZT Stock | CAD 0.20 0.01 4.76% |
Aztec Minerals Corp fundamentals help investors to digest information that contributes to Aztec Minerals' financial success or failures. It also enables traders to predict the movement of Aztec Stock. The fundamental analysis module provides a way to measure Aztec Minerals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aztec Minerals stock.
Common Stock Shares Outstanding is likely to drop to about 55 M in 2024. Aztec | Shares Outstanding |
Aztec Minerals Corp Company Shares Outstanding Analysis
Aztec Minerals' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Aztec Minerals Shares Outstanding | 109.03 M |
Most of Aztec Minerals' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aztec Minerals Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Aztec Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Aztec Minerals Corp has 109.03 M of shares currently outstending. This is 82.25% lower than that of the Metals & Mining sector and 90.86% lower than that of the Materials industry. The shares outstanding for all Canada stocks is 80.93% higher than that of the company.
Aztec Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aztec Minerals' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aztec Minerals could also be used in its relative valuation, which is a method of valuing Aztec Minerals by comparing valuation metrics of similar companies.Aztec Minerals is currently under evaluation in shares outstanding category among related companies.
Aztec Fundamentals
| Return On Equity | -0.14 | |||
| Return On Asset | -0.0563 | |||
| Current Valuation | 20.07 M | |||
| Shares Outstanding | 109.03 M | |||
| Shares Owned By Insiders | 25.94 % | |||
| Number Of Shares Shorted | 253 | |||
| Price To Book | 2.00 X | |||
| Gross Profit | (28.09 K) | |||
| EBITDA | (1.73 M) | |||
| Net Income | (1.74 M) | |||
| Cash And Equivalents | 346.81 K | |||
| Cash Per Share | 0.01 X | |||
| Current Ratio | 7.80 X | |||
| Book Value Per Share | 0.12 X | |||
| Cash Flow From Operations | (872.83 K) | |||
| Earnings Per Share | (0.01) X | |||
| Beta | 2.34 | |||
| Market Capitalization | 21.26 M | |||
| Total Asset | 10.98 M | |||
| Retained Earnings | (8.98 M) | |||
| Working Capital | 1.58 M | |||
| Net Asset | 10.98 M |
About Aztec Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aztec Minerals Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aztec Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aztec Minerals Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aztec Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aztec Minerals' short interest history, or implied volatility extrapolated from Aztec Minerals options trading.
Pair Trading with Aztec Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aztec Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aztec Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Aztec Stock
| 0.62 | THRM | Therma Bright | PairCorr |
| 0.55 | QBR-A | Quebecor | PairCorr |
| 0.46 | FUND | Katipult Technology Corp | PairCorr |
The ability to find closely correlated positions to Aztec Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aztec Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aztec Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aztec Minerals Corp to buy it.
The correlation of Aztec Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aztec Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aztec Minerals Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aztec Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aztec Minerals Corp. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Aztec Stock analysis
When running Aztec Minerals' price analysis, check to measure Aztec Minerals' 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 Aztec Minerals is operating at the current time. Most of Aztec Minerals' value examination focuses on studying past and present price action to predict the probability of Aztec Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aztec Minerals' price. Additionally, you may evaluate how the addition of Aztec Minerals to your portfolios can decrease your overall portfolio volatility.
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