North Stock Today

NAR Stock  CAD 0.09  0.005  6.25%   
Market Performance
10 of 100
Odds Of Distress
Less than 19
North Arrow is selling for under 0.085 as of the 7th of February 2023; that is 6.25 percent up since the beginning of the trading day. The stock's lowest day price was 0.07. North Arrow has less than a 19 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for North Arrow Minerals are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of November 2022 and ending today, the 7th of February 2023. Click here to learn more.
Fiscal Year End
April
Category
Basic Materials
ISIN
CA6572802024
North Arrow Minerals Inc. engages in the acquisition and exploration of diamond properties in Canada. It also owns a 100 percent interest in ORO gold property located in the Hope Bay Volcanic Belt in Nunavut. NORTH ARROW operates under Other Precious Metals Mining classification in Exotistan and is traded on Commodity Exchange.. The company has 137.6 M outstanding shares of which 30 shares are now shorted by private and institutional investors with about 0.0 days to cover all short positions. More on North Arrow Minerals
Follow Valuation Odds of Bankruptcy
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North Arrow 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. North Arrow's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding North Arrow or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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 North Arrow's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
North Arrow Minerals (NAR) is traded on TSX Venture Exchange in Canada and employs 4 people. The company currently falls under 'Micro-Cap' category with a current market capitalization of 11.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate North Arrow's market, we take the total number of its shares issued and multiply it by North Arrow'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. North Arrow Minerals classifies itself under Basic Materials sector and is part of Other Precious Metals & Mining industry. The entity has 137.6 M outstanding shares of which 30 shares are now shorted by private and institutional investors with about 0.0 days to cover all short positions. North Arrow Minerals has accumulated about 2.39 M in cash with (655.67 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check North Arrow Probability Of Bankruptcy
Ownership
North Arrow Minerals maintains a total of one hundred thirty-seven million five hundred ninety-nine thousand eight outstanding shares. North Arrow Minerals 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 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 much 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.

Ownership Allocation

Check North Ownership Details

North Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of North Arrow jumping above the current price in 90 days from now is near 1%. The North Arrow Minerals probability density function shows the probability of North Arrow stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon North Arrow Minerals has a beta of -0.7241. This indicates as returns on benchmark increase, returns on holding North Arrow are expected to decrease at a much lower rate. During the bear market, however, North Arrow Minerals is likely to outperform the market. Moreover, the company has an alpha of 1.7216, implying that it can generate a 1.72 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.085HorizonTargetOdds Above 0.085
99.47%90 days
 0.09 
0.53%
Based on a normal probability distribution, the odds of North Arrow to move above the current price in 90 days from now is near 1 (This North Arrow Minerals probability density function shows the probability of North Stock to fall within a particular range of prices over 90 days) .

North Arrow Minerals Risk Profiles

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

North Stock Against Markets

Picking the right benchmark for North Arrow 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 North Arrow 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 North Arrow is critical whether you are bullish or bearish towards North Arrow Minerals at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in North Arrow 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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North Arrow Corporate Management

Elected by the shareholders, the North Arrow's board of directors comprises two types of representatives: North Arrow inside directors who are chosen from within the company, and outside directors, selected externally and held independent of North. The board's role is to monitor North Arrow's management team and ensure that shareholders' interests are well served. North Arrow's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, North Arrow's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brenda PEng - Co SecProfile
Kenneth PGeo - CEO PresProfile
Wayne Johnstone - Chief OfficerProfile
Nick Thomas - Manager of Investor and Community RelationsProfile

Invested in North Arrow Minerals?

The danger of trading North Arrow Minerals 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 North Arrow 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 North Arrow. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile North Arrow Minerals 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.
Additionally, see Correlation Analysis. You can also try Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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