GGX Gold Stock Today

GGX Stock  CAD 0.07  0.005  6.25%   
Market Performance
13 of 100
Odds Of Distress
Less than 43
GGX Gold is selling for under 0.075 as of the 6th of February 2023; that is -6.25% down since the beginning of the trading day. The stock's lowest day price was 0.075. GGX Gold has about a 43 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for GGX Gold Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of December 2022 and ending today, the 6th of February 2023. Click here to learn more.
Fiscal Year End
June
Category
Basic Materials
ISIN
CA36171K2011
GGX Gold Corp., a mineral exploration company, acquires, explores, and develops mineral properties in Canada. GGX Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. GGX GOLD operates under Gold classification in Canada and is traded on TSX Venture Exchange.. The company has 36.05 M outstanding shares of which 6.67 K shares are currently shorted by private and institutional investors with about 0.08 days to cover all short positions. More on GGX Gold Corp

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+0.89BBD-BBombardier Earnings Call This WeekPairCorr
Follow Valuation Odds of Bankruptcy
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GGX Gold 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. GGX Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding GGX Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorRoy Davis
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 GGX Gold's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
GGX Gold Corp (GGX) is traded on TSX Venture Exchange in Canada and employs 11 people. The company currently falls under 'Nano-Cap' category with a current market capitalization of 2.88 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate GGX Gold's market, we take the total number of its shares issued and multiply it by GGX 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. GGX Gold Corp classifies itself under Basic Materials sector and is part of Gold industry. The entity has 36.05 M outstanding shares of which 6.67 K shares are currently shorted by private and institutional investors with about 0.08 days to cover all short positions. GGX Gold Corp has accumulated about 25.68 K in cash with (800.77 K) of positive cash flow from operations.
Check GGX Gold Probability Of Bankruptcy
Ownership
GGX Gold secures a total of 36.05 Million outstanding shares. GGX Gold secures noticeable amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. 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 GGX Gold Ownership Details

GGX Gold Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of GGX Gold jumping above the current price in 90 days from now is about 11.47%. The GGX Gold Corp probability density function shows the probability of GGX Gold stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon GGX Gold has a beta of 0.3914. This usually indicates as returns on the market go up, GGX Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding GGX Gold Corp will be expected to be much smaller as well. Moreover, the company has an alpha of 1.6993, implying that it can generate a 1.7 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.075HorizonTargetOdds Above 0.075
88.49%90 days
 0.07 
11.47%
Based on a normal probability distribution, the odds of GGX Gold to move above the current price in 90 days from now is about 11.47 (This GGX Gold Corp probability density function shows the probability of GGX Gold Stock to fall within a particular range of prices over 90 days) .

GGX Gold Corp Risk Profiles

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

GGX Gold Stock Against Markets

Picking the right benchmark for GGX 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 GGX 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 GGX Gold is critical whether you are bullish or bearish towards GGX Gold Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GGX 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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GGX Gold Corporate Directors

GGX Gold corporate directors refer to members of a GGX Gold board of directors. The board of directors generally takes responsibility for the GGX Gold'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 GGX Gold's board members must vote for the resolution. The GGX Gold board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Casey Forward - Secretary, DirectorProfile
Scott Kent - DirectorProfile
Quinn FieldDyte - Interim DirectorProfile
Dan Stuart - DirectorProfile

Invested in GGX Gold Corp?

The danger of trading GGX Gold Corp 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 GGX 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 GGX Gold. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GGX Gold Corp 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.
Please check Risk vs Return Analysis. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running GGX Gold Corp price analysis, check to measure GGX 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 GGX Gold is operating at the current time. Most of GGX Gold's value examination focuses on studying past and present price action to predict the probability of GGX Gold's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move GGX Gold's price. Additionally, you may evaluate how the addition of GGX Gold to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between GGX Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine GGX Gold value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GGX 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.