Newrange Stock Today

NRG Stock  CAD 0.015  0.005  50.00%   
Market Performance
1 of 100
Odds Of Distress
Less than 24
Newrange Gold is selling for under 0.015 as of the 6th of February 2023; that is 50.00% increase since the beginning of the trading day. The stock's lowest day price was 0.015. Newrange Gold has about a 24 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading 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 12th of January 2022 and ending today, the 6th of February 2023. Click here to learn more.
Fiscal Year End
April
Category
Basic Materials
ISIN
CA65250B1058
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 176.91 M outstanding shares of which 106.92 K shares are now shorted by private and institutional investors with about 0.76 days to cover all short positions. More on Newrange Gold Corp

Moving against Newrange Gold

-0.82BBD-BBombardier Earnings Call This WeekPairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Newrange Gold 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.
President CEO, DirectorRobert Carrington
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 Newrange Gold's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellFairly Valued
Newrange Gold Corp (NRG) is traded on TSX Venture Exchange in Canada and employs 21 people. The company currently falls under 'Nano-Cap' category with a current market capitalization of 2.65 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 Basic Materials sector and is part of Gold industry. The entity has 176.91 M outstanding shares of which 106.92 K shares are now shorted by private and institutional investors with about 0.76 days to cover all short positions. Newrange Gold Corp has accumulated about 199.75 K in cash with (3.46 M) of positive cash flow from operations.
Check Newrange Gold Probability Of Bankruptcy
Ownership
Newrange Gold Corp maintains a total of one hundred seventy-six million nine hundred six thousand outstanding shares. Newrange Gold Corp secures 4.51 % if its outstanding shares held by insiders and 4.51 % owned by institutional investors . 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 Newrange Ownership Details

Newrange Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Newrange Gold jumping above the current price in 90 days from now is about 72.49%. The Newrange Gold Corp probability density function shows the probability of Newrange Gold stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 1.892. 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, Newrange Gold will likely underperform. Additionally, the company has an alpha of 0.1425, implying that it can generate a 0.14 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.015HorizonTargetOdds Above 0.015
27.45%90 days
 0.015 
72.49%
Based on a normal probability distribution, the odds of Newrange Gold to move above the current price in 90 days from now is about 72.49 (This Newrange Gold Corp probability density function shows the probability of Newrange Stock to fall within a particular range of prices over 90 days) .

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.

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.

Did you try this?

Run Price Exposure Probability Now

   

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets
All  Next Launch Module

Newrange Gold Corporate Directors

Newrange Gold corporate directors refer to members of a Newrange Gold board of directors. The board of directors generally takes responsibility for the Newrange Gold's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Newrange Gold's board members must vote for the resolution. The Newrange Gold board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ron Schmitz - Independent DirectorProfile
David Salari - Independent DirectorProfile
Robert Archer - DirectorProfile
Ronald Schmitz - Independent DirectorProfile

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 Shape 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.
Additionally, see Correlation Analysis. You can also try Positions Ratings module to 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.

Complementary Tools for analysis

When running Newrange Gold Corp 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 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.
Fundamental Analysis
View fundamental data based on most recent published financial statements
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
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 Newrange Gold value 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.