Ngex MineralsLtd Stock Today

NGEX Stock  CAD 3.06  0.04  1.29%   
Market Performance
6 of 100
Odds Of Distress
Over 57
Ngex MineralsLtd is selling for under 3.06 as of the 5th of February 2023; that is -1.29 percent decrease since the beginning of the trading day. The stock's lowest day price was 3.0. Ngex MineralsLtd has over 57 % chance of experiencing financial distress in the next 2 years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Ngex MineralsLtd are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of January 2023 and ending today, the 5th of February 2023. Click here to learn more.
NGEx Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Chile and Argentina. NGEx Minerals Ltd. is a subsidiary of Josemaria Resources Inc. NGEX MINERALS operates under Other Industrial Metals Mining classification in Exotistan and is traded on Commodity Exchange.. The company has 172.04 M outstanding shares of which 585.61 K shares are now shorted by private and institutional investors with about 5.34 days to cover all short positions. More on Ngex MineralsLtd
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Ngex MineralsLtd 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. Ngex MineralsLtd's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ngex MineralsLtd 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 Ngex MineralsLtd's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Ngex MineralsLtd (NGEX) is traded on TSX Venture Exchange in Canada and employs 4 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 531.6 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ngex MineralsLtd's market, we take the total number of its shares issued and multiply it by Ngex MineralsLtd'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. Ngex MineralsLtd operates under Basic Materials sector and is part of Other Industrial Metals & Mining industry. The entity has 172.04 M outstanding shares of which 585.61 K shares are now shorted by private and institutional investors with about 5.34 days to cover all short positions. Ngex MineralsLtd has accumulated about 448.37 K in cash with (4.03 M) of positive cash flow from operations.
Check Ngex MineralsLtd Probability Of Bankruptcy
Ownership
Ngex MineralsLtd maintains a total of one hundred seventy-two million thirty-nine thousand eight outstanding shares. Ngex MineralsLtd 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 Ngex MineralsLtd Ownership Details

Ngex MineralsLtd Risk Profiles

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

Ngex MineralsLtd Stock Against Markets

Picking the right benchmark for Ngex MineralsLtd 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 Ngex MineralsLtd 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 Ngex MineralsLtd is critical whether you are bullish or bearish towards Ngex MineralsLtd at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ngex MineralsLtd 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.

Did you try this?

Run Pair Correlation Now

   

Pair Correlation

Compare performance and examine fundamental relationship between any two equity instruments
All  Next Launch Module

Ngex MineralsLtd Corporate Management

Elected by the shareholders, the Ngex MineralsLtd's board of directors comprises two types of representatives: Ngex MineralsLtd inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ngex MineralsLtd. The board's role is to monitor Ngex MineralsLtd's management team and ensure that shareholders' interests are well served. Ngex MineralsLtd'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, Ngex MineralsLtd's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jeffrey Yip - Chief OfficerProfile
Judy McCall - Co SecProfile
Wojtek PG - CEO PresProfile
PEng BASc - VP ExplorationProfile

Invested in Ngex MineralsLtd?

The danger of trading Ngex MineralsLtd 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 Ngex MineralsLtd 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 Ngex MineralsLtd. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ngex MineralsLtd 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for analysis

When running Ngex MineralsLtd price analysis, check to measure Ngex MineralsLtd'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 Ngex MineralsLtd is operating at the current time. Most of Ngex MineralsLtd's value examination focuses on studying past and present price action to predict the probability of Ngex MineralsLtd's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ngex MineralsLtd's price. Additionally, you may evaluate how the addition of Ngex MineralsLtd to your portfolios can decrease your overall portfolio volatility.
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Please note, there is a significant difference between Ngex MineralsLtd's value and its price as these two are different measures arrived at by different means. Investors typically determine Ngex MineralsLtd value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ngex MineralsLtd'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.