Nulegacy Stock Today

NUG Stock  CAD 0.015  0.005  25.00%   

Market Performance

5 of 100


Odds Of Distress

Over 70

Nulegacy Gold is selling for under 0.015 as of the 2nd of October 2023; that is -25 percent down since the beginning of the trading day. The stock's lowest day price was 0.015. Nulegacy Gold has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Nulegacy Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of September 2023 and ending today, the 2nd of October 2023. Click here to learn more.
Business Domain
Basic Materials
NuLegacy Gold Corporation acquires and explores for mineral properties. The company was incorporated in 2009 and is headquartered in Vancouver, Canada. NULEGACY GOLD operates under Gold classification in Exotistan and is traded on Commodity Exchange. The company has 588.85 M outstanding shares of which 70.82 K shares are now shorted by private and institutional investors with about 0.19 days to cover all short positions. More on Nulegacy Gold
Follow Valuation Odds of Bankruptcy
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Nulegacy 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. Nulegacy Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nulegacy Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, DirectorJames Anderson
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 Nulegacy Gold's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Nulegacy Gold (NUG) is traded on TSX Venture Exchange in Canada and employs 17 people. Nulegacy 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 8.83 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nulegacy Gold's market, we take the total number of its shares issued and multiply it by Nulegacy 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. Nulegacy Gold classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 588.85 M outstanding shares of which 70.82 K shares are now shorted by private and institutional investors with about 0.19 days to cover all short positions. Nulegacy Gold has accumulated about 6.19 M in cash with (1.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Nulegacy Gold Probability Of Bankruptcy
Nulegacy Gold maintains a total of five hundred eighty-eight million eight hundred fifty-one thousand nine hundred sixty-eight outstanding shares. Nulegacy Gold secures 3.2 % if its outstanding shares held by insiders and 3.2 % 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 Nulegacy Ownership Details

Nulegacy Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Nulegacy Gold jumping above the current price in 90 days from now is about 98.0%. The Nulegacy Gold probability density function shows the probability of Nulegacy 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 4.2433. 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, Nulegacy Gold will likely underperform. In addition to that, the company has an alpha of 2.0093, implying that it can generate a 2.01 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.015HorizonTargetOdds Above 0.015
2.13%90 days
Based on a normal probability distribution, the odds of Nulegacy Gold to move above the current price in 90 days from now is about 98.0 (This Nulegacy Gold probability density function shows the probability of Nulegacy Stock to fall within a particular range of prices over 90 days) .

Nulegacy Gold Risk Profiles

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

Nulegacy Stock Against Markets

Picking the right benchmark for Nulegacy 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 Nulegacy 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 Nulegacy Gold is critical whether you are bullish or bearish towards Nulegacy Gold at a given time. Please also check how Nulegacy 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 Nulegacy 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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Nulegacy Gold Corporate Directors

Nulegacy Gold corporate directors refer to members of a Nulegacy Gold board of directors. The board of directors generally takes responsibility for the Nulegacy 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 Nulegacy Gold's board members must vote for the resolution. The Nulegacy Gold board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Edward CopeDirectorProfile
Roger SteiningerCOO, Director of Acquisitions and Exploration, Non Independent Director and Member of Technical CommitteeProfile
Richard WellsDirectorProfile
John BudreskiIndependent DirectorProfile

How to buy Nulegacy Stock?

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

The danger of trading Nulegacy Gold 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 Nulegacy 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 Nulegacy Gold. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nulegacy Gold 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 Nulegacy Gold. 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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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