Niocan Inc Stock Today

NIO Stock  CAD 0.11  0.01  8.33%   


0 of 100

Very Weak

Odds Of Distress

Over 68

Quite High
Niocan is selling for under 0.11 as of the 5th of December 2023; that is -8.33% down since the beginning of the trading day. The stock's lowest day price was 0.11. Niocan has more than 68 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Niocan Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of September 2023 and ending today, the 5th of December 2023. Click here to learn more.
Business Domain
Basic Materials
Niocan Inc., a development stage company, engages in the exploration and development of mineral properties in the Province of Quebec, Canada. The company was founded in 1995 and is headquartered in Montreal, Canada. NIOCAN INC operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 80.09 M outstanding shares of which 30 shares are now shorted by private and institutional investors with about 0.09 days to cover all short positions. More on Niocan Inc
Follow Valuation Odds of Bankruptcy
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Niocan 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. Niocan's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Niocan or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanHubert Marleau
Business ConcentrationDiversified 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 Niocan's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Niocan Inc (NIO) is traded on TSX Venture Exchange in Canada and employs 5 people. Niocan 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 8.81 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Niocan's market, we take the total number of its shares issued and multiply it by Niocan'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. Niocan Inc classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 80.09 M outstanding shares of which 30 shares are now shorted by private and institutional investors with about 0.09 days to cover all short positions. Niocan Inc has accumulated about 43.89 K in cash with (273.33 K) of positive cash flow from operations.
Check Niocan Probability Of Bankruptcy
Niocan Inc maintains a total of eighty million eighty-five thousand six hundred ninety-six outstanding shares. Niocan Inc 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 Niocan Ownership Details

Niocan Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Niocan jumping above the current price in 90 days from now is about 89.19%. The Niocan Inc probability density function shows the probability of Niocan stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Niocan Inc has a beta of -0.4437. This indicates as returns on benchmark increase, returns on holding Niocan are expected to decrease at a much lower rate. During the bear market, however, Niocan Inc is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Niocan Inc is significantly underperforming NYSE Composite.
  Odds Below 0.11HorizonTargetOdds Above 0.11
10.72%90 days
Based on a normal probability distribution, the odds of Niocan to move above the current price in 90 days from now is about 89.19 (This Niocan Inc probability density function shows the probability of Niocan Stock to fall within a particular range of prices over 90 days) .

Niocan Inc Risk Profiles

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

Niocan Stock Against Markets

Picking the right benchmark for Niocan 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 Niocan 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 Niocan is critical whether you are bullish or bearish towards Niocan Inc at a given time. Please also check how Niocan'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 Niocan 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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Niocan Corporate Executives

Elected by the shareholders, the Niocan's board of directors comprises two types of representatives: Niocan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Niocan. The board's role is to monitor Niocan's management team and ensure that shareholders' interests are well served. Niocan'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, Niocan's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bruno DumaisChief Financial OfficerProfile

How to buy Niocan Stock?

Before investing in Niocan, 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 Niocan. To buy Niocan stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Niocan. 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 Niocan stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Niocan Inc 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 Niocan Inc 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 Niocan Inc, 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 Niocan Inc?

The danger of trading Niocan Inc 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 Niocan 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 Niocan. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Niocan Inc 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 Niocan Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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