Orla Mining Stock Current Asset
| OLA Stock | CAD 7.96 0.03 0.38% |
Orla Mining fundamentals help investors to digest information that contributes to Orla Mining's financial success or failures. It also enables traders to predict the movement of Orla Stock. The fundamental analysis module provides a way to measure Orla Mining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Orla Mining stock.
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Orla Mining Company Current Asset Analysis
Orla Mining's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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In accordance with the recently published financial statements, Orla Mining has a Current Asset of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The current asset for all Canada stocks is 100.0% higher than that of the company.
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Orla Fundamentals
| Return On Equity | 0.0095 | ||||
| Return On Asset | 0.0671 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0.46 % | ||||
| Current Valuation | 2.4 B | ||||
| Shares Outstanding | 321.55 M | ||||
| Shares Owned By Insiders | 51.65 % | ||||
| Shares Owned By Institutions | 49.02 % | ||||
| Number Of Shares Shorted | 4.48 M | ||||
| Price To Book | 3.77 X | ||||
| Price To Sales | 8.18 X | ||||
| Revenue | 233.64 M | ||||
| Gross Profit | 142.81 M | ||||
| EBITDA | 123.78 M | ||||
| Net Income | (27.01 M) | ||||
| Cash And Equivalents | 20.52 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 91.26 M | ||||
| Debt To Equity | 5.70 % | ||||
| Current Ratio | 2.34 X | ||||
| Book Value Per Share | 1.50 X | ||||
| Cash Flow From Operations | 65.3 M | ||||
| Short Ratio | 13.00 X | ||||
| Target Price | 8.25 | ||||
| Number Of Employees | 327 | ||||
| Beta | 1.58 | ||||
| Market Capitalization | 2.57 B | ||||
| Total Asset | 535.78 M | ||||
| Retained Earnings | (97.77 M) | ||||
| Working Capital | 116.52 M | ||||
| Net Asset | 535.78 M |
About Orla Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Orla Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Orla Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Orla Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Orla Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Orla Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Orla Mining will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Orla Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orla Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Orla Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Orla Mining to buy it.
The correlation of Orla Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orla Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orla Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Orla Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orla Mining. 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 Orla Stock, please use our How to Invest in Orla Mining guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.