Golden Goliath Resources Stock Analysis

Golden Stock Analysis Notes

The company has price-to-book (P/B) ratio of 0.39. Some equities with similar Price to Book (P/B) outperform the market in the long run. Golden Goliath Resources recorded a loss per share of 0.03. The entity had not issued any dividends in recent years. The firm had 1:7 split on the 5th of June 2023. Golden Goliath Resources Ltd., an exploration stage company, engages in the acquisition and exploration of resource properties. Golden Goliath Resources Ltd. was incorporated in 1996 and is based in Vancouver, Canada. Golden Goliath operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. To learn more about Golden Goliath Resources call MSc PGeo at 604-682-2950 or check out https://www.goldengoliath.com.

Golden Goliath Resources Investment Alerts

Golden Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 1.4 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Golden Goliath's market, we take the total number of its shares issued and multiply it by Golden Goliath'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.

Golden Profitablity

Management Efficiency

Golden Goliath Resources has return on total asset (ROA) of (0.0734) % which means that it has lost $0.0734 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1389) %, meaning that it generated substantial loss on money invested by shareholders. Golden Goliath's management efficiency ratios could be used to measure how well Golden Goliath manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.13 in 2024. Return On Capital Employed is likely to drop to -0.13 in 2024. Total Assets is likely to climb to about 4.5 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 3.3 M in 2024.

Technical Drivers

As of the 24th of April, Golden Goliath retains the Risk Adjusted Performance of 0.0024, market risk adjusted performance of (0.43), and Standard Deviation of 10.14. Golden Goliath technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Golden Goliath Resources, which can be compared to its competitors. Please check out Golden Goliath Resources standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis to decide if Golden Goliath is priced fairly, providing market reflects its last-minute price of 0.06 per share.

Golden Goliath Resources Price Movement Analysis

Golden Goliath Predictive Daily Indicators

Golden Goliath Forecast Models

Golden Goliath's time-series forecasting models are one of many Golden Goliath's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Golden Goliath's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Golden Goliath prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Golden shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Golden Goliath. By using and applying Golden Stock analysis, traders can create a robust methodology for identifying Golden entry and exit points for their positions.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Goliath Resources. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

When running Golden Goliath's price analysis, check to measure Golden Goliath'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 Golden Goliath is operating at the current time. Most of Golden Goliath's value examination focuses on studying past and present price action to predict the probability of Golden Goliath's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Goliath's price. Additionally, you may evaluate how the addition of Golden Goliath to your portfolios can decrease your overall portfolio volatility.