Richmond Minerals Stock Analysis

RMD Stock  CAD 0.03  0.01  16.67%   
Richmond Minerals is overvalued with Real Value of 0.0205 and Hype Value of 0.03. The main objective of Richmond Minerals stock analysis is to determine its intrinsic value, which is an estimate of what Richmond Minerals is worth, separate from its market price. There are two main types of Richmond Minerals' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Richmond Minerals' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Richmond Minerals' stock to identify patterns and trends that may indicate its future price movements.
The Richmond Minerals 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. Richmond Minerals 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. Richmond Stock trading window is adjusted to America/Toronto timezone.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richmond Minerals. 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.

Richmond Stock Analysis Notes

About 45.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.43. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Richmond Minerals recorded a loss per share of 0.05. The entity had not issued any dividends in recent years. The firm had 1:5 split on the 5th of October 2023. Richmond Minerals Inc. engages in the exploration and development of base and precious metals in northern Ontario and Quebec, Canada. It primarily focuses on the exploration of the Ridley Lake gold project that consists of 154 mining claims located in the Swayze Greenstone Belt in north central Ontario. RICHMOND MINERALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. To find out more about Richmond Minerals contact Franz KozichKoschitzky at 416-603-2114 or learn more at https://richmondminerals.com.

Richmond Minerals Investment Alerts

Richmond Minerals is way too risky over 90 days horizon
Richmond Minerals has some characteristics of a very speculative penny stock
Richmond Minerals appears to be risky and price may revert if volatility continues
Richmond Minerals has high likelihood to experience some financial distress in the next 2 years
Richmond Minerals has accumulated 300 K in total debt. Richmond Minerals has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Richmond Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Richmond Minerals' 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 Richmond Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Richmond to invest in growth at high rates of return. When we think about Richmond Minerals' use of debt, we should always consider it together with cash and equity.
Net Loss for the year was (760.04 K) with profit before overhead, payroll, taxes, and interest of 0.
Richmond Minerals has accumulated about (96.58 K) in cash recording (232.56 K) of negative cash flow from operations.
Roughly 45.0% of the company outstanding shares are owned by corporate insiders
Latest headline from news.google.com: Richmond Minerals Announces Availability of Annual General and Special Meeting Materials and Alternative Voting Procedures - Yahoo Finance

Richmond Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 905.34 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Richmond Minerals's market, we take the total number of its shares issued and multiply it by Richmond Minerals'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

Richmond Minerals has return on total asset (ROA) of (0.2357) % which means that it has lost $0.2357 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.5399) %, meaning that it generated substantial loss on money invested by shareholders. Richmond Minerals' management efficiency ratios could be used to measure how well Richmond Minerals manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Richmond Minerals' Total Current Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 2.3 M in 2024, whereas Total Assets are likely to drop slightly above 2.1 M in 2024.
Leadership effectiveness at Richmond Minerals is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta
0.709
Return On Assets
(0.24)
Return On Equity
(0.54)

Technical Drivers

As of the 30th of December, Richmond Minerals holds the Semi Deviation of 9.43, coefficient of variation of 1035.57, and Risk Adjusted Performance of 0.0865. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Richmond Minerals, as well as the relationship between them. Please check Richmond Minerals standard deviation and the relationship between the treynor ratio and kurtosis to decide if Richmond Minerals is priced some-what accurately, providing market reflects its current price of 0.025 per share.

Richmond Minerals Price Movement Analysis

Execute Study
java.lang.NullPointerException: Cannot invoke "java.lang.Number.intValue()" because the return value of "sun.invoke.util.ValueConversions.primitiveConversion(sun.invoke.util.Wrapper, Object, boolean)" is null. 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. Richmond Minerals 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 Richmond Minerals. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Richmond Minerals Outstanding Bonds

Richmond Minerals 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. Richmond Minerals 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 Richmond bonds can be classified according to their maturity, which is the date when Richmond Minerals 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.

Richmond Minerals Predictive Daily Indicators

Richmond Minerals intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Richmond Minerals stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Richmond Minerals Forecast Models

Richmond Minerals' time-series forecasting models are one of many Richmond Minerals' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Richmond Minerals' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Richmond Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Richmond Minerals 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 Richmond 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 Richmond Minerals. By using and applying Richmond Stock analysis, traders can create a robust methodology for identifying Richmond entry and exit points for their positions.
Richmond Minerals Inc. engages in the exploration and development of base and precious metals in northern Ontario and Quebec, Canada. It primarily focuses on the exploration of the Ridley Lake gold project that consists of 154 mining claims located in the Swayze Greenstone Belt in north central Ontario. RICHMOND MINERALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Richmond Minerals to your portfolios without increasing risk or reducing expected return.

Did you try this?

Run Portfolio Volatility Now

   

Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk
All  Next Launch Module

Additional Tools for Richmond Stock Analysis

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