Newcore Gold Stock Today

NCAU Stock  CAD 0.32  0.02  5.88%   

Performance

13 of 100

 
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Good

Odds Of Distress

Less than 26

 
High
 
Low
Below Average
Newcore Gold is selling for under 0.32 as of the 18th of July 2024; that is 5.88 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.32. Newcore Gold has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Newcore Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of July 2022 and ending today, the 18th of July 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Newcore Gold Ltd., a mineral exploration and mine development company, engages in the acquisition, advancement, and development of precious mineral properties in Ghana. Newcore Gold Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada. The company has 189.46 M outstanding shares of which 52.62 K shares are now shorted by private and institutional investors with about 0.22 days to cover all short positions. More on Newcore Gold

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Newcore 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. Newcore Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Newcore Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO PresidentLuke Alexander
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Newcore Gold (NCAU) is traded on TSX Venture Exchange in Canada and employs 18 people. Newcore Gold is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 66.31 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Newcore Gold's market, we take the total number of its shares issued and multiply it by Newcore Gold'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. Newcore Gold operates under Metals & Mining sector and is part of Materials industry. The entity has 189.46 M outstanding shares of which 52.62 K shares are now shorted by private and institutional investors with about 0.22 days to cover all short positions. Newcore Gold has accumulated about 13.21 M in cash with (1.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.
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Ownership Allocation
Newcore Gold holds a total of 189.46 Million outstanding shares. 30% of Newcore Gold outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. 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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Newcore Gold Risk Profiles

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

Newcore Stock Against Markets

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Additional Tools for Newcore Stock Analysis

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