Goldspot Discoveries Corp Stock Today

SPOT Stock  CAD 0.22  0.01  4.76%   

Performance

4 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 21

 
High
 
Low
Low
Goldspot Discoveries is selling for under 0.22 as of the 18th of June 2024; that is 4.76 percent up since the beginning of the trading day. The stock's lowest day price was 0.22. Goldspot Discoveries has about a 21 % 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 Goldspot Discoveries Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2023 and ending today, the 18th of June 2024. Click here to learn more.
Business Domain
Software & Services
Category
Technology
Classification
Information Technology
GoldSpot Discoveries Corp. operates as a technology services company in mineral exploration. The company was incorporated in 2016 and is headquartered in Toronto, Canada. GOLDSPOT DISCOVERIES operates under Information Technology Services classification in Exotistan and is traded on Commodity Exchange.. The company has 137.39 M outstanding shares of which 2.82 K shares are at this time shorted by private and institutional investors with about 0.04 days to cover all short positions. More on Goldspot Discoveries Corp

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Goldspot 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. Goldspot Discoveries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Goldspot Discoveries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO FounderBSc BSc
Business ConcentrationIT Consulting & Other Services, Information Technology Services, Information Technology, Information Technology, IT Services, Information Technology Services, Technology (View all Sectors)
Goldspot Discoveries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Goldspot Discoveries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Goldspot Discoveries can leverage 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 Goldspot Discoveries' financial leverage. It provides some insight into what part of Goldspot Discoveries' total assets is financed by creditors.
Liquidity
Goldspot Discoveries 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. Goldspot Discoveries Corp has accumulated 980.97 K in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Goldspot Discoveries Corp has a current ratio of 13.11, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Goldspot Discoveries until it has trouble settling it off, either with new capital or with free cash flow. So, Goldspot Discoveries' 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 Goldspot Discoveries Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Goldspot to invest in growth at high rates of return. When we think about Goldspot Discoveries' use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

(16.38 Million)
Goldspot Discoveries Corp (SPOT) is traded on TSX Venture Exchange in Canada and employs 9 people. Goldspot Discoveries is listed under IT Consulting & Other Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 30.23 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Goldspot Discoveries's market, we take the total number of its shares issued and multiply it by Goldspot Discoveries'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. Goldspot Discoveries Corp operates under IT Services sector and is part of Information Technology industry. The entity has 137.39 M outstanding shares of which 2.82 K shares are at this time shorted by private and institutional investors with about 0.04 days to cover all short positions. Goldspot Discoveries Corp has accumulated about 62.5 M in cash with (17.24 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.51, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Goldspot Discoveries Probability Of Bankruptcy
Ownership Allocation
Goldspot Discoveries Corp has a total of 137.39 Million outstanding shares. Goldspot Discoveries secures 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 many assets the company holds, 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 Goldspot Ownership Details

Goldspot Discoveries Corp Risk Profiles

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

Goldspot Stock Against Markets

Be your own money manager

Our tools can tell you how much better you can do entering a position in Goldspot Discoveries 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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Goldspot Discoveries Corporate Management

Elected by the shareholders, the Goldspot Discoveries' board of directors comprises two types of representatives: Goldspot Discoveries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goldspot. The board's role is to monitor Goldspot Discoveries' management team and ensure that shareholders' interests are well served. Goldspot Discoveries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goldspot Discoveries' outside directors are responsible for providing unbiased perspectives on the board's policies.
MSc PGeoChief OfficerProfile
Brenda SharpChief GeophysicistProfile
CFA CFAChief OfficerProfile
Sarane MScCoFounderProfile

Additional Tools for Goldspot Stock Analysis

When running Goldspot Discoveries' price analysis, check to measure Goldspot Discoveries' 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 Goldspot Discoveries is operating at the current time. Most of Goldspot Discoveries' value examination focuses on studying past and present price action to predict the probability of Goldspot Discoveries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldspot Discoveries' price. Additionally, you may evaluate how the addition of Goldspot Discoveries to your portfolios can decrease your overall portfolio volatility.