Golden Ridge Resources Stock Performance
| GLDN Stock | CAD 0.08 0.00 0.00% |
The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Golden Ridge are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days Golden Ridge Resources has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable fundamental indicators, Golden Ridge is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Last Split Factor 1:5 | Dividend Date 2020-05-20 | Last Split Date 2020-05-20 |
1 | Is The Market Rewarding Granite Ridge Resources, Inc. With A Negative Sentiment As A Result Of Its Mixed Fundamentals - Yahoo Finance | 10/22/2024 |
2 | Granite Ridge Resources 2025 Oil Production May Increase By Over 20 percent - Seeking Alpha | 11/15/2024 |
3 | Golden Ridge Secures 950K Credit Facility for Acquisition - TipRanks | 11/29/2024 |
4 | Granite Ridge Resources director Matthew Miller acquires 3,051 in shares By Investing.com - Investing.com UK | 12/17/2024 |
| Begin Period Cash Flow | 2.6 M | |
| Free Cash Flow | -389.4 K |
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Golden Ridge Relative Risk vs. Return Landscape
If you would invest 8.00 in Golden Ridge Resources on September 26, 2024 and sell it today you would earn a total of 0.00 from holding Golden Ridge Resources or generate 0.0% return on investment over 90 days. Golden Ridge Resources is producing return of less than zero assuming 0.0% volatility of returns over the 90 days investment horizon. Simply put, 0% of all stocks have less volatile historical return distribution than Golden Ridge, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Golden Ridge Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Golden Ridge's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Golden Ridge Resources, and traders can use it to determine the average amount a Golden Ridge's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Golden Ridge 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 Golden Ridge by adding Golden Ridge to a well-diversified portfolio.
Golden Ridge Fundamentals Growth
Golden Stock prices reflect investors' perceptions of the future prospects and financial health of Golden Ridge, and Golden Ridge fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Golden Stock performance.
| Return On Equity | -0.0224 | ||||
| Return On Asset | -0.0326 | ||||
| Current Valuation | 1.68 M | ||||
| Shares Outstanding | 58.54 M | ||||
| Price To Book | 0.76 X | ||||
| Gross Profit | (8.71 K) | ||||
| EBITDA | (299.56 K) | ||||
| Net Income | (545.56 K) | ||||
| Cash And Equivalents | 1.21 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 333.74 K | ||||
| Debt To Equity | 0.10 % | ||||
| Book Value Per Share | 0.10 X | ||||
| Cash Flow From Operations | (293.88 K) | ||||
| Total Asset | 6.05 M | ||||
| Retained Earnings | (17.16 M) | ||||
About Golden Ridge Performance
Evaluating Golden Ridge's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Golden Ridge has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Golden Ridge has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Golden Ridge Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. Its flagship project is the Hank property comprising 4 claims covering 1,700 hectares located in the Liard district of British Colombia. GOLDEN RIDGE operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.Things to note about Golden Ridge Resources performance evaluation
Checking the ongoing alerts about Golden Ridge for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Golden Ridge Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Golden Ridge generated a negative expected return over the last 90 days | |
| Golden Ridge has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (545.56 K) with loss before overhead, payroll, taxes, and interest of (8.71 K). | |
| Golden Ridge Resources has accumulated about 1.21 M in cash with (293.88 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 25.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Granite Ridge Resources director Matthew Miller acquires 3,051 in shares By Investing.com - Investing.com UK |
- Analyzing Golden Ridge's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Golden Ridge's stock is overvalued or undervalued compared to its peers.
- Examining Golden Ridge's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Golden Ridge's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Golden Ridge's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Golden Ridge's stock. These opinions can provide insight into Golden Ridge's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Golden Stock Analysis
When running Golden Ridge's price analysis, check to measure Golden Ridge'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 Golden Ridge is operating at the current time. Most of Golden Ridge's value examination focuses on studying past and present price action to predict the probability of Golden Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Ridge's price. Additionally, you may evaluate how the addition of Golden Ridge to your portfolios can decrease your overall portfolio volatility.