District Metals Corp Stock Price on May 2, 2023
| DMX Stock | CAD 0.38 0.02 5.56% |
Below is the normalized historical share price chart for District Metals Corp extending back to December 29, 1999. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of District Metals stands at 0.38, as last reported on the 30th of November, with the highest price reaching 0.40 and the lowest price hitting 0.36 during the day.
If you're considering investing in District Stock, it is important to understand the factors that can impact its price. District Metals appears to be out of control, given 3 months investment horizon. District Metals Corp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing District Metals' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize District Metals' Coefficient Of Variation of 835.85, downside deviation of 4.8, and Mean Deviation of 3.02 to check if our risk estimates are consistent with your expectations.
At this time, District Metals' Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 88.1 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 2.5 M in 2024. . At this time, District Metals' Price To Sales Ratio is fairly stable compared to the past year. Price Sales Ratio is likely to climb to 251.97 in 2024, whereas Price Earnings Ratio is likely to drop (13.84) in 2024. District Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.3507 | 50 Day MA 0.3718 | Beta 1.13 |
District |
Sharpe Ratio = 0.1383
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Estimated Market Risk
| 4.11 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.57 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average District Metals is performing at about 10% of its full potential. 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 District Metals by adding it to a well-diversified portfolio.
Price Book 3.8799 | Book Value 0.098 | Enterprise Value 43.6 M | Enterprise Value Ebitda (27.15) | Shares Float 116.9 M |
District Metals Valuation on May 2, 2023
It is possible to determine the worth of District Metals on a given historical date. On May 2, 2023 District was worth 0.09 at the beginning of the trading date compared to the closed value of 0.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of District Metals stock. Still, in general, we apply an absolute valuation method to find District Metals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of District Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against District Metals' related companies.
| Open | High | Low | Close | Volume | |
| 0.09 | 0.09 | 0.09 | 0.09 | 37,000 | |
05/02/2023 | 0.09 | 0.10 | 0.09 | 0.09 | 151,000 |
| 0.09 | 0.11 | 0.09 | 0.11 | 132,900 |
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District Metals Trading Date Momentum on May 2, 2023
| On May 03 2023 District Metals Corp was traded for 0.11 at the closing time. The highest daily price throughout the period was 0.11 and the lowest price was 0.09 . The daily volume was 132.9 K. The net trading volume on 05/03/2023 added to the next day price increase. The overall trading delta to closing price of the next trading day was 22.22% . The overall trading delta to current closing price is 22.22% . |
District Metals Corp Fundamentals Correlations and Trends
By evaluating District Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among District Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. District financial account trend analysis is a perfect complement when working with valuation or volatility modules.About District Metals Stock history
District Metals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for District is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in District Metals Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing District Metals stock prices may prove useful in developing a viable investing in District Metals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 83.9 M | 88.1 M | |
| Net Loss | -1.6 M | -1.6 M |
District Metals Quarterly Net Working Capital |
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District Metals Stock Technical Analysis
District Metals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
District Metals Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
District Metals Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
District Metals November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how District Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading District Metals shares will generate the highest return on investment. By undertsting and applying District Metals stock market strength indicators, traders can identify District Metals Corp entry and exit signals to maximize returns
District Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for District Metals' price direction in advance. Along with the technical and fundamental analysis of District Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of District to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0996 | |||
| Jensen Alpha | 0.3503 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0741 | |||
| Treynor Ratio | 0.463 |
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Additional Tools for District Stock Analysis
When running District Metals' price analysis, check to measure District Metals' 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 District Metals is operating at the current time. Most of District Metals' value examination focuses on studying past and present price action to predict the probability of District Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move District Metals' price. Additionally, you may evaluate how the addition of District Metals to your portfolios can decrease your overall portfolio volatility.