District Metals Corp Stock Today

DMX Stock  CAD 0.34  0.01  2.86%   

Performance

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Odds Of Distress

Over 68

 
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District Metals is selling for under 0.34 as of the 18th of July 2024; that is 2.86% down since the beginning of the trading day. The stock's lowest day price was 0.34. District Metals has more than 68 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for District Metals Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of June 2024 and ending today, the 18th of July 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
District Metals Corp., a junior mineral exploration stage company, acquires, explores for, and evaluates natural resource properties. District Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada. DISTRICT METALS operates under Other Industrial Metals Mining classification in Exotistan and is traded on Commodity Exchange.. The company has 129.55 M outstanding shares of which 215.29 K shares are currently shorted by private and institutional investors with about 0.89 days to cover all short positions. More on District Metals Corp

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District 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. District Metals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding District Metals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO PresidentBSC BSc
Business ConcentrationDiversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors)
District Metals' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to District Metals' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
District Metals can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand District Metals' financial leverage. It provides some insight into what part of District Metals' total assets is financed by creditors.
Liquidity
District Metals cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. District Metals Corp has accumulated 119.24 K in total debt. District Metals Corp has a current ratio of 15.66, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist District Metals until it has trouble settling it off, either with new capital or with free cash flow. So, District Metals' 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 District Metals Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for District to invest in growth at high rates of return. When we think about District Metals' use of debt, we should always consider it together with cash and equity.

Net Income

(1.59 Million)
District Metals Corp (DMX) is traded on TSX Venture Exchange in Canada and employs 6 people. District Metals is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 45.34 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate District Metals's market, we take the total number of its shares issued and multiply it by District Metals'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. District Metals Corp classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 129.55 M outstanding shares of which 215.29 K shares are currently shorted by private and institutional investors with about 0.89 days to cover all short positions. District Metals Corp has accumulated about 5.04 M in cash with (848.43 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07.
Check District Metals Probability Of Bankruptcy
Ownership Allocation
District Metals Corp retains a total of 129.55 Million outstanding shares. District Metals Corp shows 3.82 percent of its outstanding shares held by insiders and 8.54 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 District Ownership Details

District Metals Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. District Metals market risk premium is the additional return an investor will receive from holding District Metals 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 District Metals. 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 District Metals' alpha and beta are two of the key measurements used to evaluate District Metals' performance over the market, the standard measures of volatility play an important role as well.

District Stock Against Markets

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District Metals Corporate Management

Elected by the shareholders, the District Metals' board of directors comprises two types of representatives: District Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of District. The board's role is to monitor District Metals' management team and ensure that shareholders' interests are well served. District Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, District Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
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Additional Tools for District Stock Analysis

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