Golden Goliath Resources Stock Today

GNG Stock  CAD 0.04  0.01  10.00%   

Performance

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Odds Of Distress

Over 88

 
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Golden Goliath is selling for under 0.045 as of the 23rd of July 2024; that is 10% down since the beginning of the trading day. The stock's lowest day price was 0.045. Golden Goliath 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 Golden Goliath Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of June 2024 and ending today, the 23rd of July 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
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 25.45 M outstanding shares of which 2.46 K shares are currently shorted by private and institutional investors with about 0.05 days to cover all short positions. More on Golden Goliath Resources

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Golden 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.
Business ConcentrationDiversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors)
Golden Goliath's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Golden Goliath's 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
Golden Goliath 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 Golden Goliath's financial leverage. It provides some insight into what part of Golden Goliath's total assets is financed by creditors.
Liquidity
Golden Goliath 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. Golden Goliath Resources has accumulated 355.87 K in total debt with debt to equity ratio (D/E) of 0.11, which may suggest the company is not taking enough advantage from borrowing. Golden Goliath Resources has a current ratio of 18.13, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Golden Goliath until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Goliath'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 Golden Goliath Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Golden to invest in growth at high rates of return. When we think about Golden Goliath's use of debt, we should always consider it together with cash and equity.

Net Income

(667,274)
Golden Goliath Resources (GNG) is traded on TSX Venture Exchange in Canada and employs 3 people. Golden Goliath 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 1.15 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 Metals & Mining sector and is part of Materials industry. The entity has 25.45 M outstanding shares of which 2.46 K shares are currently shorted by private and institutional investors with about 0.05 days to cover all short positions. Golden Goliath Resources has accumulated about 1.75 M in cash with (281.92 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 Allocation
Golden Goliath secures a total of 25.45 Million outstanding shares. Golden Goliath retains 3.06 (percent) of its outstanding shares held by insiders and 6.6 (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.
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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

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