Newrange Gold Corp Stock Today

NRG Stock  CAD 0.05  0.00  0.00%   

Performance

10 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 45

 
High
 
Low
Below Average
Newrange Gold is selling for under 0.05 as of the 26th of May 2024; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.05. Newrange Gold has 45 percent odds of going through some form of financial distress in the next two years but had a very ok returns during the last 90 days. Equity ratings for Newrange Gold Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of June 2022 and ending today, the 26th of May 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
NewRange Gold Corp., an exploration stage company, engages in the identification, acquisition, exploration, and development of precious and base metal projects in Colombia. NewRange Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada. The company has 43.52 M outstanding shares of which 470 shares are now shorted by private and institutional investors with about 10.0 days to cover all short positions. More on Newrange Gold Corp

Newrange 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. Newrange Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Newrange Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO PresidentRobert PGeo
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Newrange Gold's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Newrange Gold's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Newrange Gold's financial leverage. It provides some insight into what part of Newrange Gold's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Newrange Gold's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Newrange Gold deploys its capital and how much of that capital is borrowed.
Liquidity
Newrange Gold cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 40 K in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. Newrange Gold Corp has a current ratio of 0.67, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Newrange Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Newrange Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Newrange Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Newrange to invest in growth at high rates of return. When we think about Newrange Gold's use of debt, we should always consider it together with cash and equity.

Total Cash From Financing Activities

462,241
Newrange Gold Corp (NRG) is traded on TSX Venture Exchange in Canada and employs 13 people. Newrange Gold is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 1.09 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Newrange Gold's market, we take the total number of its shares issued and multiply it by Newrange 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. Newrange Gold Corp classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 43.52 M outstanding shares of which 470 shares are now shorted by private and institutional investors with about 10.0 days to cover all short positions. Newrange Gold Corp has accumulated about 199.75 K in cash with (554.66 K) of positive cash flow from operations.
Check Newrange Gold Probability Of Bankruptcy
Ownership Allocation
Newrange Gold Corp maintains a total of 43.52 Million outstanding shares. Newrange Gold Corp secures 7.51 % of its outstanding shares held by insiders and 3.23 % owned 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.
Check Newrange Ownership Details

Newrange Gold Corp Risk Profiles

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

Newrange Stock Against Markets

Picking the right benchmark for Newrange Gold 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 Newrange Gold 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 Newrange Gold is critical whether you are bullish or bearish towards Newrange Gold Corp at a given time. Please also check how Newrange Gold'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 Newrange Gold 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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Risk-Return Analysis

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Newrange Gold Corporate Management

Elected by the shareholders, the Newrange Gold's board of directors comprises two types of representatives: Newrange Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Newrange. The board's role is to monitor Newrange Gold's management team and ensure that shareholders' interests are well served. Newrange Gold'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, Newrange Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
Andrea PedrettiCoFounder OfficerProfile
Josh McMorrowChief OfficerProfile
Jan GaalenChief OfficerProfile
Richard EspyChief EnablementProfile
Robert PiconiChairman CoFounderProfile
Christopher WieseChief OfficerProfile

How to buy Newrange Stock?

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

The danger of trading Newrange Gold Corp 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 Newrange Gold 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 Newrange Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Newrange Gold Corp 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 Newrange Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Newrange Stock analysis

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