New Energy Metals Stock Today
| ENRG Stock | CAD 0.02 0.005 20.00% |
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New Energy is selling for under 0.02 as of the 7th of December 2023; that is -20 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.02. New Energy has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for New Energy Metals are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of October 2023 and ending today, the 7th of December 2023. Click here to learn more.
Business Domain Materials | Category Basic Materials |
New Energy Metals Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. New Energy Metals Corp. was founded in 2017 and is headquartered in Vancouver, Canada. NEW ENERGY operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 35.45 M outstanding shares of which 5.22 K shares are currently shorted by private and institutional investors with about 0.19 days to cover all short positions. More on New Energy Metals
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New 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. New Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Cesar Lopez |
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) |
| Macroaxis Advice The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of New Energy's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details Strong SellFairly Valued | |
New Energy Metals (ENRG) is traded on TSX Venture Exchange in Canada and employs 10 people. New Energy is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 708.94 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Energy's market, we take the total number of its shares issued and multiply it by New Energy'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. New Energy Metals operates under Metals & Mining sector and is part of Materials industry. The entity has 35.45 M outstanding shares of which 5.22 K shares are currently shorted by private and institutional investors with about 0.19 days to cover all short positions.
New Energy Metals has accumulated about 137.02 K in cash with (984.89 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check New Energy Probability Of Bankruptcy
OwnershipNew Energy Metals holds a total of 35.45 Million outstanding shares. Roughly 100.0 % of New Energy outstanding shares are held by general public with 0.29 pct. owned by insiders and only 0.0 % by institutional investors. 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.
Ownership Allocation
Check New Ownership DetailsNew Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of New Energy jumping above the current price in 90 days from now is about 85.47%. The New Energy Metals probability density function shows the probability of New Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon New Energy Metals has a beta of -0.8299 suggesting as returns on benchmark increase, returns on holding New Energy are expected to decrease at a much lower rate. During the bear market, however, New Energy Metals is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. New Energy Metals is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of New Energy to move above the current price in 90 days from now is about 85.47 (This New Energy Metals probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) .
New Energy Metals Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. New Energy market risk premium is the additional return an investor will receive from holding New Energy 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 New Energy. 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 New Energy's alpha and beta are two of the key measurements used to evaluate New Energy's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 8.13 | |||
| Standard Deviation | 13.66 | |||
| Variance | 186.46 | |||
| Risk Adjusted Performance | (0.008506) |
New Stock Against Markets
Picking the right benchmark for New Energy stock 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 New Energy stock 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 New Energy is critical whether you are bullish or bearish towards New Energy Metals at a given time. Please also check how New Energy's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in New Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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New Energy Corporate Directors
New Energy corporate directors refer to members of a New Energy board of directors. The board of directors generally takes responsibility for the New Energy'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 New Energy's board members must vote for the resolution. The New Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kelly Earle | Director | Profile | |
| Christopher Little | Director | Profile | |
| Gunther Roehlig | Independent Director | Profile | |
| Darryl Lindsay | Director | Profile |
How to buy New Stock?
Before investing in New Energy, 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 New Energy. To buy New Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of New Energy. 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 New Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located New Energy Metals 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 New Energy Metals 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 New Energy Metals, 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 New Energy Metals?
The danger of trading New Energy Metals 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 New Energy 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 New Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile New Energy Metals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Energy Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for New Stock analysis
When running New Energy's price analysis, check to measure New Energy'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 New Energy is operating at the current time. Most of New Energy's value examination focuses on studying past and present price action to predict the probability of New Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Energy's price. Additionally, you may evaluate how the addition of New Energy to your portfolios can decrease your overall portfolio volatility.
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