Nevada Financial Statements From 2010 to 2025
| NGLD Stock | USD 0.54 0.11 16.92% |
Check Nevada Canyon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nevada Canyon's main balance sheet or income statement drivers, such as , as well as many indicators such as . Nevada financial statements analysis is a perfect complement when working with Nevada Canyon Valuation or Volatility modules.
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Nevada Canyon Gold OTC Stock Return On Equity Analysis
Nevada Canyon's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Nevada Canyon Return On Equity | -5.65 |
Most of Nevada Canyon's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nevada Canyon Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Nevada Canyon Gold has a Return On Equity of -5.6478. This is 720.64% lower than that of the Basic Materials sector and notably lower than that of the Gold industry. The return on equity for all United States stocks is notably higher than that of the company.
Nevada Canyon Gold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nevada Canyon's current stock value. Our valuation model uses many indicators to compare Nevada Canyon value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nevada Canyon competition to find correlations between indicators driving Nevada Canyon's intrinsic value. More Info.Nevada Canyon Gold is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nevada Canyon's earnings, one of the primary drivers of an investment's value.About Nevada Canyon Financial Statements
Nevada Canyon stakeholders use historical fundamental indicators, such as Nevada Canyon's revenue or net income, to determine how well the company is positioned to perform in the future. Although Nevada Canyon investors may analyze each financial statement separately, they are all interrelated. For example, changes in Nevada Canyon's assets and liabilities are reflected in the revenues and expenses on Nevada Canyon's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Nevada Canyon Gold. Please read more on our technical analysis and fundamental analysis pages.
Nevada Canyon Gold Corp. engages in the mineral exploration activities. Nevada Canyon Gold Corp. was incorporated in 2014 and is based in Reno, Nevada. Nevada Canyon operates under Gold classification in the United States and is traded on OTC Exchange.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nevada OTC Stock
Nevada Canyon financial ratios help investors to determine whether Nevada OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nevada with respect to the benefits of owning Nevada Canyon security.