Magnum Goldcorp Stock Today

MGI Stock  CAD 0.02  0.00  0.00%   

Performance

7 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 31

 
High
 
Low
Below Average
Magnum Goldcorp is selling for under 0.02 as of the 23rd of June 2024; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.02. Magnum Goldcorp has about a 31 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Magnum Goldcorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of May 2024 and ending today, the 23rd of June 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Magnum Goldcorp Inc. engages in the acquisition and exploration of mineral resource properties in Canada. Magnum Goldcorp Inc. was incorporated in 2011 and is based in West Vancouver, Canada. MAGNUM GOLDCORP operates under Gold classification in Canada and is traded on TSX Venture Exchange.. The company has 38.62 M outstanding shares of which 799 shares are now shorted by private and institutional investors with about 0.16 days to cover all short positions. More on Magnum Goldcorp

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Magnum 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. Magnum Goldcorp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Magnum Goldcorp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman of the Board, CEODouglas Mason
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Magnum Goldcorp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Magnum Goldcorp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Magnum Goldcorp 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 Magnum Goldcorp's financial leverage. It provides some insight into what part of Magnum Goldcorp's total assets is financed by creditors.
Liquidity
Magnum Goldcorp 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. Magnum Goldcorp has accumulated 93 K in total debt with debt to equity ratio (D/E) of 3.3, implying the company greatly relies on financing operations through barrowing. Magnum Goldcorp 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 Magnum Goldcorp until it has trouble settling it off, either with new capital or with free cash flow. So, Magnum Goldcorp'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 Magnum Goldcorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Magnum to invest in growth at high rates of return. When we think about Magnum Goldcorp's use of debt, we should always consider it together with cash and equity.

Net Income

(103,699)
Magnum Goldcorp (MGI) is traded on TSX Venture Exchange in Canada and employs 3 people. Magnum Goldcorp 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 772.39 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Magnum Goldcorp's market, we take the total number of its shares issued and multiply it by Magnum Goldcorp'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. Magnum Goldcorp classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 38.62 M outstanding shares of which 799 shares are now shorted by private and institutional investors with about 0.16 days to cover all short positions. Magnum Goldcorp has accumulated about 333 in cash with (92.26 K) of positive cash flow from operations.
Check Magnum Goldcorp Probability Of Bankruptcy
Ownership Allocation
Magnum Goldcorp maintains a total of 38.62 Million outstanding shares. Magnum Goldcorp holds significant 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's 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. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Magnum Ownership Details

Magnum Goldcorp Risk Profiles

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

Magnum Stock Against Markets

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