Newrange Gold Corp Stock Analysis
| NRG Stock | CAD 0.03 0.01 20.00% |
Newrange Gold Corp is overvalued with Real Value of 0.0242 and Hype Value of 0.03. The main objective of Newrange Gold stock analysis is to determine its intrinsic value, which is an estimate of what Newrange Gold Corp is worth, separate from its market price. There are two main types of Newrange Gold's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Newrange Gold's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Newrange Gold's stock to identify patterns and trends that may indicate its future price movements.
The Newrange Gold stock is traded in Canada on TSX Venture Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Newrange Gold is usually not traded on Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day. Newrange Stock trading window is adjusted to America/Toronto timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Newrange Gold's ongoing operational relationships across important fundamental and technical indicators.
Newrange |
Newrange Stock Analysis Notes
The company recorded a loss per share of 0.03. Newrange Gold Corp had not issued any dividends in recent years. The entity had 1:6 split on the 6th of April 2023. NewRange Gold Corp., an exploration stage company, engages in the identification, acquisition, exploration, and development of precious and base metal projects in Colombia. NewRange Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada. NEWRANGE GOLD operates under Gold classification in Canada and is traded on TSX Venture Exchange. To find out more about Newrange Gold Corp contact Robert Carrington at 877 271 5886 or learn more at https://www.newrangegold.com.Newrange Gold Corp Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Newrange Gold's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Newrange Gold Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
| Newrange Gold Corp had very high historical volatility over the last 90 days | |
| Newrange Gold Corp has some characteristics of a very speculative penny stock | |
| Newrange Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| The company has accumulated 40 K in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. Newrange Gold Corp has a current ratio of 0.67, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Newrange Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Newrange Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Newrange Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Newrange to invest in growth at high rates of return. When we think about Newrange Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.06 M) with loss before overhead, payroll, taxes, and interest of (90.9 K). | |
| Newrange Gold Corp has accumulated about 199.75 K in cash with (554.66 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Pinnacle Silver and Gold Releases Argosy Gold Mine Video - Junior Mining Network |
Newrange Largest EPS Surprises
Earnings surprises can significantly impact Newrange Gold's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-12-24 | 2021-10-31 | -0.01 | -0.0044 | 0.0056 | 56 | ||
2020-03-31 | 2020-01-31 | -0.01 | -0.002 | 0.008 | 80 |
Newrange Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 1.09 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Newrange Gold's market, we take the total number of its shares issued and multiply it by Newrange Gold'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.Newrange Profitablity
Newrange Gold's profitability indicators refer to fundamental financial ratios that showcase Newrange Gold's ability to generate income relative to its revenue or operating costs. If, let's say, Newrange Gold is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Newrange Gold's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Newrange Gold's profitability requires more research than a typical breakdown of Newrange Gold's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (1.08) | (1.14) | |
| Return On Capital Employed | (2.67) | (2.80) | |
| Return On Assets | (1.08) | (1.14) | |
| Return On Equity | (3.20) | (3.36) |
Management Efficiency
Newrange Gold Corp has return on total asset (ROA) of (0.53) % which means that it has lost $0.53 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (20.6086) %, meaning that it generated substantial loss on money invested by shareholders. Newrange Gold's management efficiency ratios could be used to measure how well Newrange Gold manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -1.14 in 2024. Return On Capital Employed is likely to drop to -2.8 in 2024. Total Assets is likely to drop to about 959.3 K in 2024. Non Current Assets Total is likely to drop to about 656.9 K in 2024| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.01 | 0.01 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 0.01 | 0.01 | |
| Enterprise Value Over EBITDA | (1.64) | (1.73) | |
| Price Book Value Ratio | 6.27 | 4.58 | |
| Enterprise Value Multiple | (1.64) | (1.73) | |
| Price Fair Value | 6.27 | 4.58 | |
| Enterprise Value | 2.7 M | 2.6 M |
The analysis of Newrange Gold's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Newrange Gold's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Newrange Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 0.678 |
Technical Drivers
As of the 19th of April, Newrange Gold secures the Downside Deviation of 18.68, risk adjusted performance of 0.0254, and Mean Deviation of 4.7. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Newrange Gold Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Newrange Gold, which can be compared to its peers in the industry. Please verify Newrange Gold Corp jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if Newrange Gold Corp is priced some-what accurately, providing market reflects its recent price of 0.03 per share.Newrange Gold Corp Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Newrange Gold middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Newrange Gold Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Newrange Gold Predictive Daily Indicators
Newrange Gold intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Newrange Gold stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.2 | |||
| Day Median Price | 0.03 | |||
| Day Typical Price | 0.03 | |||
| Price Action Indicator | 0.0025 | |||
| Period Momentum Indicator | 0.005 |
Newrange Gold Forecast Models
Newrange Gold's time-series forecasting models are one of many Newrange Gold'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 Newrange Gold'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.About Newrange Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Newrange Gold 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 Newrange 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 Newrange Gold. By using and applying Newrange Stock analysis, traders can create a robust methodology for identifying Newrange entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | 0.00 | 0.00 | |
| Operating Profit Margin | 0.00 | 0.00 | |
| Net Profit Margin | 0.00 | 0.00 | |
| Gross Profit Margin | 0.00 | 0.00 |
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Newrange Gold to your portfolios without increasing risk or reducing expected return.Did you try this?
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Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newrange Gold 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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Newrange Stock analysis
When running Newrange Gold's price analysis, check to measure Newrange Gold'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 Newrange Gold is operating at the current time. Most of Newrange Gold's value examination focuses on studying past and present price action to predict the probability of Newrange Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newrange Gold's price. Additionally, you may evaluate how the addition of Newrange Gold to your portfolios can decrease your overall portfolio volatility.
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