Golden Ridge Resources Stock Analysis
| GLDN Stock | CAD 0.08 0.00 0.00% |
Golden Ridge Resources is overvalued with Real Value of 0.0672 and Hype Value of 0.08. The main objective of Golden Ridge stock analysis is to determine its intrinsic value, which is an estimate of what Golden Ridge Resources is worth, separate from its market price. There are two main types of Golden Ridge's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Golden Ridge's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Golden Ridge's stock to identify patterns and trends that may indicate its future price movements.
The Golden Ridge stock is traded in Canada on TSX Venture Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Golden Ridge is usually not traded on Canada Day, Civic Holiday, Labour Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. Golden Stock trading window is adjusted to America/Toronto timezone.
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Golden Stock Analysis Notes
About 25.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.76. Some equities with similar Price to Book (P/B) outperform the market in the long run. Golden Ridge Resources last dividend was issued on the 20th of May 2020. The entity had 1:5 split on the 20th of May 2020. 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. To learn more about Golden Ridge Resources call Michael BSc at 250 717 3151 or check out https://www.goldenridgeresources.com.Golden Ridge Resources Investment Alerts
| 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 |
Golden Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.39 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Golden Ridge's market, we take the total number of its shares issued and multiply it by Golden Ridge'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.Management Efficiency
Golden Ridge Resources has return on total asset (ROA) of (0.0326) % which means that it has lost $0.0326 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0224) %, meaning that it generated substantial loss on money invested by shareholders. Golden Ridge's management efficiency ratios could be used to measure how well Golden Ridge manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Golden Ridge's Other Assets are fairly stable compared to the past year. Total Current Assets is likely to climb to about 2.9 M in 2024, whereas Net Tangible Assets are likely to drop slightly above 5.4 M in 2024.Leadership effectiveness at Golden Ridge Resources is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 2.347 | Return On Assets (0.03) | Return On Equity (0.02) |
Technical Drivers
Golden Ridge technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.Golden Ridge Resources Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Golden Ridge middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Golden Ridge Resources. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Golden Ridge Outstanding Bonds
Golden Ridge issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Golden Ridge Resources uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Golden bonds can be classified according to their maturity, which is the date when Golden Ridge Resources has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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About Golden Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Golden Ridge prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Golden shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Golden Ridge. By using and applying Golden Stock analysis, traders can create a robust methodology for identifying Golden entry and exit points for their positions.
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.
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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.