New Destiny Mining Stock Today

NED Stock  CAD 0.06  0.03  33.33%   

Performance

7 of 100

 
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OK

Odds Of Distress

Less than 48

 
High
 
Low
About Average
New Destiny is selling for under 0.06 as of the 18th of June 2024; that is -33.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.06. New Destiny has 48 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for New Destiny Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of June 2022 and ending today, the 18th of June 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
New Destiny Mining Corp., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. New Destiny Mining Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. The company has 22.61 M outstanding shares of which 1.43 K shares are now shorted by private and institutional investors with about 0.59 days to cover all short positions. More on New Destiny Mining

New 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. New Destiny's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New Destiny or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CFO PresidentBarry Brown
Business ConcentrationDiversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors)
New Destiny Mining (NED) is traded on TSX Venture Exchange in Canada and employs 2 people. New Destiny 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 1.13 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Destiny's market, we take the total number of its shares issued and multiply it by New Destiny'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. New Destiny Mining classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 22.61 M outstanding shares of which 1.43 K shares are now shorted by private and institutional investors with about 0.59 days to cover all short positions. New Destiny Mining has accumulated about 8.49 K in cash with (59.23 K) of positive cash flow from operations.
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Ownership Allocation
New Destiny Mining maintains a total of 22.61 Million outstanding shares. Roughly 97.0 % of New Destiny outstanding shares are held by general public with 2.63 pct. owned by insiders and only 0.0 % by institutional investors. 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.
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New Destiny Mining Risk Profiles

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

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