Newrange Financial Statements From 2010 to 2026
| NRGOFDelisted Stock | USD 0.07 0.00 0.00% |
Check Newrange Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Newrange Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . Newrange financial statements analysis is a perfect complement when working with Newrange Gold Valuation or Volatility modules.
Newrange |
Newrange Gold Corp Company Return On Equity Analysis
Newrange Gold'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 Newrange Gold Return On Equity | -3.7 |
Most of Newrange Gold'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, Newrange Gold Corp 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.
CompetitionBased on the latest financial disclosure, Newrange Gold Corp has a Return On Equity of -3.6968. This is 506.24% lower than that of the Metals & Mining sector and notably lower than that of the Materials industry. The return on equity for all United States stocks is notably higher than that of the company.
Newrange Gold Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Newrange Gold's current stock value. Our valuation model uses many indicators to compare Newrange Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Newrange Gold competition to find correlations between indicators driving Newrange Gold's intrinsic value. More Info.Newrange Gold Corp is regarded second in return on equity category among its peers. It also is regarded second 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 Newrange Gold's earnings, one of the primary drivers of an investment's value.About Newrange Gold Financial Statements
Newrange Gold stakeholders use historical fundamental indicators, such as Newrange Gold's revenue or net income, to determine how well the company is positioned to perform in the future. Although Newrange Gold investors may analyze each financial statement separately, they are all interrelated. For example, changes in Newrange Gold's assets and liabilities are reflected in the revenues and expenses on Newrange Gold'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 Newrange Gold Corp. Please read more on our technical analysis and fundamental analysis pages.
Newrange Gold Corp., an exploration stage company, engages in the identification, acquisition, exploration, and development of precious and base metal projects in Canada and the United States. Newrange Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada. NEWRANGE GOLD operates under Gold classification in the United States and is traded on OTC Exchange.
Currently Active Assets on Macroaxis
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Other Consideration for investing in Newrange Pink Sheet
If you are still planning to invest in Newrange Gold Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Newrange Gold's history and understand the potential risks before investing.
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