Goldmining Stock Price on November 27, 2024

GOLD Stock  CAD 1.17  0.04  3.31%   
Below is the normalized historical share price chart for GoldMining extending back to May 16, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of GoldMining stands at 1.17, as last reported on the 5th of December, with the highest price reaching 1.21 and the lowest price hitting 1.17 during the day.
200 Day MA
1.2182
50 Day MA
1.2802
Beta
1.375
 
Yuan Drop
 
Covid
If you're considering investing in GoldMining Stock, it is important to understand the factors that can impact its price. GoldMining holds Efficiency (Sharpe) Ratio of -0.0259, which attests that the entity had a -0.0259% return per unit of risk over the last 3 months. GoldMining exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GoldMining's Market Risk Adjusted Performance of 0.927, risk adjusted performance of 0.0157, and Downside Deviation of 2.06 to validate the risk estimate we provide.
  
At this time, GoldMining's Total Stockholder Equity is very stable compared to the past year. As of the 5th of December 2024, Liabilities And Stockholders Equity is likely to grow to about 165.3 M, while Common Stock Shares Outstanding is likely to drop about 111.7 M. . At this time, GoldMining's Price Book Value Ratio is very stable compared to the past year. As of the 5th of December 2024, Price To Book Ratio is likely to grow to 3.16, while Price Earnings Ratio is likely to drop (6.78). GoldMining Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0259

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Estimated Market Risk

 2.41
  actual daily
21
79% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average GoldMining is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GoldMining by adding GoldMining to a well-diversified portfolio.
Price Book
2.0132
Book Value
0.601
Enterprise Value
220.3 M
Enterprise Value Ebitda
(8.50)
Shares Float
182 M

GoldMining Valuation on November 27, 2024

It is possible to determine the worth of GoldMining on a given historical date. On November 27, 2024 GoldMining was worth 1.19 at the beginning of the trading date compared to the closed value of 1.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GoldMining stock. Still, in general, we apply an absolute valuation method to find GoldMining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of GoldMining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GoldMining's related companies.
 Open High Low Close Volume
  1.21    1.21    1.19    1.20    129,749  
11/27/2024
  1.19    1.21    1.19    1.19    44,805  
  1.18    1.26    1.17    1.25    141,696  
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Open Value
1.19
1.19
Closing Value
8.43
Upside

GoldMining Trading Date Momentum on November 27, 2024

On November 28 2024 GoldMining was traded for  1.25  at the closing time. The highest price during the trading period was 1.26  and the lowest recorded bid was listed for  1.17 . The volume for the day was 141.7 K. This history from November 28, 2024 contributed to the next trading day price boost. The overall trading delta to the next closing price was 5.04% . The overall trading delta to the current price is 0.84% .

GoldMining Fundamentals Correlations and Trends

By evaluating GoldMining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among GoldMining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. GoldMining financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About GoldMining Stock history

GoldMining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for GoldMining is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GoldMining will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing GoldMining stock prices may prove useful in developing a viable investing in GoldMining
Last ReportedProjected for Next Year
Common Stock Shares Outstanding197.7 M111.7 M
Net Loss-15.2 M-14.4 M

GoldMining Stock Technical Analysis

GoldMining technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of GoldMining technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of GoldMining trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

GoldMining Period Price Range

Low
December 5, 2024
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High

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 0.00 

GoldMining cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

GoldMining December 5, 2024 Market Strength

Market strength indicators help investors to evaluate how GoldMining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GoldMining shares will generate the highest return on investment. By undertsting and applying GoldMining stock market strength indicators, traders can identify GoldMining entry and exit signals to maximize returns

GoldMining Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for GoldMining's price direction in advance. Along with the technical and fundamental analysis of GoldMining Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of GoldMining to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether GoldMining is a strong investment it is important to analyze GoldMining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GoldMining's future performance. For an informed investment choice regarding GoldMining Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoldMining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Please note, there is a significant difference between GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining'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.