Granada Gold Mine Stock Today

GGM Stock  CAD 0.04  0.01  12.50%   

Performance

14 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 27

 
High
 
Low
Below Average
Granada Gold is selling for under 0.035 as of the 27th of May 2024; that is -12.5 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.03. Granada Gold has about a 27 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Granada Gold Mine are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of April 2024 and ending today, the 27th of May 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Granada Gold Mine Inc., a junior natural resource company, acquires, explores for, and develops mineral properties in Canada. Granada Gold Mine Inc. was founded in 1985 and is headquartered in Coquitlam, Canada. GRANADA GOLD operates under Gold classification in Canada and is traded on TSX Venture Exchange.. The company has 158.83 M outstanding shares of which 49.28 K shares are currently shorted by private and institutional investors with about 0.62 days to cover all short positions. More on Granada Gold Mine

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Granada 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. Granada Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Granada Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman PresidentFrank PEng
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Granada Gold's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Granada Gold's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to 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 Granada Gold's financial leverage. It provides some insight into what part of Granada Gold's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Granada Gold's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Granada Gold deploys its capital and how much of that capital is borrowed.
Liquidity
Granada Gold 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. The company has accumulated 1.28 M in total debt. Granada Gold Mine has a current ratio of 0.05, 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 Granada Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Granada 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 Granada Gold Mine sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Granada to invest in growth at high rates of return. When we think about Granada Gold's use of debt, we should always consider it together with cash and equity.

Net Income

(2.72 Million)
Granada Gold Mine (GGM) is traded on TSX Venture Exchange in Canada and employs 3 people. Granada Gold is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 5.56 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Granada Gold's market, we take the total number of its shares issued and multiply it by Granada 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. Granada Gold Mine classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 158.83 M outstanding shares of which 49.28 K shares are currently shorted by private and institutional investors with about 0.62 days to cover all short positions. Granada Gold Mine has accumulated about 8.51 K in cash with (122.75 K) of positive cash flow from operations.
Check Granada Gold Probability Of Bankruptcy
Ownership Allocation
Granada Gold secures a total of 158.83 Million outstanding shares. Roughly 98.0 (percent) of Granada Gold outstanding shares are held by general public with 2.03 % owned by insiders and only 0.0 pct. by outside corporations. 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 Granada Ownership Details

Granada Gold Mine Risk Profiles

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

Granada Stock Against Markets

Picking the right benchmark for Granada Gold 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 Granada Gold 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 Granada Gold is critical whether you are bullish or bearish towards Granada Gold Mine at a given time. Please also check how Granada Gold's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Granada Gold 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.

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How to buy Granada Stock?

Before investing in Granada Gold, 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 Granada Gold. To buy Granada Gold stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Granada Gold. 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 Granada Gold stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Granada Gold Mine 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 Granada Gold Mine 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 Granada Gold Mine, 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 Granada Gold Mine?

The danger of trading Granada Gold Mine 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 Granada Gold 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 Granada Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Granada Gold Mine 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granada Gold Mine. 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 Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Granada Gold's price analysis, check to measure Granada 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 Granada Gold is operating at the current time. Most of Granada Gold's value examination focuses on studying past and present price action to predict the probability of Granada 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 Granada Gold's price. Additionally, you may evaluate how the addition of Granada Gold to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Granada Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granada Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granada Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.