Magna Mining Stock Today
| NICU Stock | 0.45 0.03 6.25% |
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Magna Mining is selling for under 0.45 as of the 29th of November 2023; that is -6.25 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.43. Magna Mining has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Magna Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2021 and ending today, the 29th of November 2023. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Magna Mining is entity of Canada. It is traded as Stock on V exchange. The company has 163.38 M outstanding shares of which 128.85 K shares are now shorted by private and institutional investors with about 0.6 days to cover all short positions. More on Magna Mining
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Magna 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. Magna Mining's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Magna Mining or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) |
| 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 Magna Mining's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details Strong SellOvervalued | |
Magna Mining (NICU) is traded on TSX Venture Exchange in Canada and employs 4 people. Magna Mining is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 72.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Magna Mining's market, we take the total number of its shares issued and multiply it by Magna Mining'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. Magna Mining operates under Metals & Mining sector and is part of Materials industry. The entity has 163.38 M outstanding shares of which 128.85 K shares are now shorted by private and institutional investors with about 0.6 days to cover all short positions.
Magna Mining generates negative cash flow from operations
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OwnershipMagna Mining maintains a total of one hundred sixty-three million three hundred eighty thousand outstanding shares. Magna Mining 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 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 Magna Ownership DetailsMagna Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Magna Mining jumping above the current price in 90 days from now is about 83.86%. The Magna Mining probability density function shows the probability of Magna Mining stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.7741. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Magna Mining will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Magna Mining is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Magna Mining to move above the current price in 90 days from now is about 83.86 (This Magna Mining probability density function shows the probability of Magna Stock to fall within a particular range of prices over 90 days) .
Magna Mining Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Magna Mining market risk premium is the additional return an investor will receive from holding Magna Mining 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 Magna Mining. 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 Magna Mining's alpha and beta are two of the key measurements used to evaluate Magna Mining's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.35 | |||
| Standard Deviation | 3.23 | |||
| Variance | 10.44 | |||
| Risk Adjusted Performance | (0.08) |
Magna Stock Against Markets
Picking the right benchmark for Magna Mining 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 Magna Mining 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 Magna Mining is critical whether you are bullish or bearish towards Magna Mining at a given time. Please also check how Magna Mining'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 Magna Mining 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?
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Magna Mining Corporate Management
Elected by the shareholders, the Magna Mining's board of directors comprises two types of representatives: Magna Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magna. The board's role is to monitor Magna Mining's management team and ensure that shareholders' interests are well served. Magna Mining'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, Magna Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul CFA | Sr Sec | Profile | |
| Mynyr PGeo | VP Exploration | Profile | |
| David King | VP Services | Profile | |
| Jason MBA | CEO Director | Profile |
How to buy Magna Stock?
Before investing in Magna Mining, 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 Magna Mining. To buy Magna Mining stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Magna Mining. 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 Magna Mining stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Magna Mining 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 Magna Mining 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 Magna Mining, 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 Magna Mining?
The danger of trading Magna Mining 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 Magna Mining 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 Magna Mining. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Magna Mining 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 Magna Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. Note that the Magna Mining information on this page should be used as a complementary analysis to other Magna Mining's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Magna Stock analysis
When running Magna Mining's price analysis, check to measure Magna Mining'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 Magna Mining is operating at the current time. Most of Magna Mining's value examination focuses on studying past and present price action to predict the probability of Magna Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna Mining's price. Additionally, you may evaluate how the addition of Magna Mining to your portfolios can decrease your overall portfolio volatility.
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