Magnum Goldcorp Stock Today

MGI Stock  CAD 0.01  0.00  0.00%   

Performance

9 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 29

 
100  
 
Zero
Below Average
Magnum Goldcorp is selling for under 0.015 as of the 28th of March 2024; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.015. Magnum Goldcorp has about a 29 % chance of experiencing some form of financial distress in the next two 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 27th of February 2024 and ending today, the 28th of March 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 709 shares are now shorted by private and institutional investors with about 0.02 days to cover all short positions. More on Magnum Goldcorp

Moving against Magnum Stock

  0.57CSOC-A Canso Select OpportuPairCorr
  0.46CFF Conifex TimberPairCorr

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.
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 Magnum Goldcorp's financial leverage. It provides some insight into what part of Magnum Goldcorp's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Magnum Goldcorp'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 Magnum Goldcorp deploys its capital and how much of that capital is borrowed.
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. The company has accumulated 87.5 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 8 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 579.29 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 709 shares are now shorted by private and institutional investors with about 0.02 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 Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Magnum Goldcorp jumping above the current price in 90 days from now is about 7.5%. The Magnum Goldcorp probability density function shows the probability of Magnum Goldcorp stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Magnum Goldcorp has a beta of -0.7218. This indicates as returns on benchmark increase, returns on holding Magnum Goldcorp are expected to decrease at a much lower rate. During the bear market, however, Magnum Goldcorp is likely to outperform the market. In addition to that, magnum Goldcorp has an alpha of 3.11, implying that it can generate a 3.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.015HorizonTargetOdds Above 0.015
92.46%90 days
 0.01 
7.50%
Based on a normal probability distribution, the odds of Magnum Goldcorp to move above the current price in 90 days from now is about 7.5 (This Magnum Goldcorp probability density function shows the probability of Magnum Stock to fall within a particular range of prices over 90 days) .

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

Picking the right benchmark for Magnum Goldcorp 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 Magnum Goldcorp 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 Magnum Goldcorp is critical whether you are bullish or bearish towards Magnum Goldcorp at a given time. Please also check how Magnum Goldcorp'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 Magnum Goldcorp 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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Magnum Goldcorp Corporate Directors

Magnum Goldcorp corporate directors refer to members of a Magnum Goldcorp board of directors. The board of directors generally takes responsibility for the Magnum Goldcorp'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 Magnum Goldcorp's board members must vote for the resolution. The Magnum Goldcorp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Magnum Stock?

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

The danger of trading Magnum Goldcorp 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 Magnum Goldcorp 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 Magnum Goldcorp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Magnum Goldcorp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnum Goldcorp. 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global 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.
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Please note, there is a significant difference between Magnum Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magnum Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magnum Goldcorp'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.