Golden Stock Today

GNG Stock  CAD 0.03  0.00  0.00%   
Market Performance
3 of 100
Odds Of Distress
Over 74
Golden Goliath is selling for under 0.03 as of the 6th of February 2023; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.03. Golden Goliath has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Golden Goliath Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of February 2021 and ending today, the 6th of February 2023. Click here to learn more.
Fiscal Year End
August
Category
Basic Materials
ISIN
CA3810591048
Golden Goliath Resources Ltd., an exploration stage company, engages in the acquisition and exploration of resource properties. Golden Goliath Resources Ltd. was incorporated in 1996 and is based in Vancouver, Canada. Golden Goliath operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 151.09 M outstanding shares of which 71 shares are currently shorted by private and institutional investors with about 0.0 days to cover all short positions. More on Golden Goliath Resources
Follow Valuation Odds of Bankruptcy
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Golden Goliath 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. Golden Goliath's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Golden Goliath or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorJames Sorbara
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 Golden Goliath's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Golden Goliath Resources (GNG) is traded on TSX Venture Exchange in Canada and employs 8 people. The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.53 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Golden Goliath's market, we take the total number of its shares issued and multiply it by Golden Goliath'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. Golden Goliath Resources classifies itself under Basic Materials sector and is part of Industrial Metals & Minerals industry. The entity has 151.09 M outstanding shares of which 71 shares are currently shorted by private and institutional investors with about 0.0 days to cover all short positions. Golden Goliath Resources has accumulated about 1.75 M in cash with (268.95 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check Golden Goliath Probability Of Bankruptcy
Ownership
Golden Goliath secures a total of 151.09 Million outstanding shares. Golden Goliath retains 3.613 (percent) if its outstanding shares held by insiders and 3.613 (percent) owned 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.

Ownership Allocation

Check Golden Ownership Details

Golden Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Golden Goliath jumping above the current price in 90 days from now is about 22.88%. The Golden Goliath Resources probability density function shows the probability of Golden Goliath stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 2.2422. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Golden Goliath will likely underperform. Additionally, the company has an alpha of 0.9844, implying that it can generate a 0.98 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.03HorizonTargetOdds Above 0.03
77.04%90 days
 0.03 
22.88%
Based on a normal probability distribution, the odds of Golden Goliath to move above the current price in 90 days from now is about 22.88 (This Golden Goliath Resources probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) .

Golden Goliath Resources Risk Profiles

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

Golden Stock Against Markets

Picking the right benchmark for Golden Goliath 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 Golden Goliath 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 Golden Goliath is critical whether you are bullish or bearish towards Golden Goliath Resources at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Golden Goliath 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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Golden Goliath Corporate Directors

Golden Goliath corporate directors refer to members of a Golden Goliath board of directors. The board of directors generally takes responsibility for the Golden Goliath'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 Golden Goliath's board members must vote for the resolution. The Golden Goliath board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Frank Hogel - DirectorProfile
Edward Sorbara - Independent DirectorProfile
Stephen Pearce - CFO, Corporate Secretary, DirectorProfile
Daniel Fernandez - DirectorProfile

Invested in Golden Goliath Resources?

The danger of trading Golden Goliath Resources 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 Golden Goliath 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 Golden Goliath. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Golden Goliath Resources 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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Please note, there is a significant difference between Golden Goliath's value and its price as these two are different measures arrived at by different means. Investors typically determine Golden Goliath value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Goliath'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.