MetalsGrove Mining (Australia) Price on April 19, 2024
| MGA Stock | 0.06 0 6.78% |
If you're considering investing in MetalsGrove Stock, it is important to understand the factors that can impact its price. As of today, the current price of MetalsGrove Mining stands at 0.06, as last reported on the 2nd of December, with the highest price reaching 0.06 and the lowest price hitting 0.06 during the day. MetalsGrove Mining has Sharpe Ratio of -0.0569, which conveys that the firm had a -0.0569% return per unit of risk over the last 3 months. MetalsGrove Mining exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MetalsGrove Mining's Downside Deviation of 7.17, mean deviation of 3.53, and Risk Adjusted Performance of 0.0527 to check out the risk estimate we provide.
Total Stockholder Equity is likely to drop to about 5.9 M in 2024. Common Stock Shares Outstanding is likely to drop to about 43 M in 2024. MetalsGrove Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MetalsGrove |
Sharpe Ratio = -0.0569
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Estimated Market Risk
| 4.86 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MetalsGrove Mining is not performing at its full potential. However, 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 MetalsGrove Mining by adding MetalsGrove Mining to a well-diversified portfolio.
Price Book 0.9236 | Book Value 0.06 | Enterprise Value 3.1 M | Enterprise Value Ebitda (0.35) | Price Sales 123.4427 |
MetalsGrove Mining Valuation on April 19, 2024
It is possible to determine the worth of MetalsGrove Mining on a given historical date. On April 19, 2024 MetalsGrove was worth 0.04 at the beginning of the trading date compared to the closed value of 0.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MetalsGrove Mining stock. Still, in general, we apply an absolute valuation method to find MetalsGrove Mining's 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 MetalsGrove Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MetalsGrove Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.05 | 0.05 | 0.05 | 0.05 | 1.00 | |
04/19/2024 | 0.04 | 0.04 | 0.04 | 0.04 | 54,292 |
| 0.03 | 0.03 | 0.03 | 0.03 | 8,294 |
| Backtest MetalsGrove Mining | | | MetalsGrove Mining History | | | MetalsGrove Mining Valuation | Previous | Next |
MetalsGrove Mining Trading Date Momentum on April 19, 2024
| On April 22 2024 MetalsGrove Mining was traded for 0.03 at the closing time. The maximum traded price for the trading interval was 0.03 and the lowest daily price was 0.03 . The daily volume was recorded at 8.3 K. The volume of trading on 22nd of April 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 23.00% . The trading delta at closing time to the closing price today is 4.50% . |
MetalsGrove Mining Fundamentals Correlations and Trends
By evaluating MetalsGrove Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MetalsGrove Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MetalsGrove financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MetalsGrove Mining Stock history
MetalsGrove Mining 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 MetalsGrove is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MetalsGrove Mining 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 MetalsGrove Mining stock prices may prove useful in developing a viable investing in MetalsGrove Mining
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 57.6 M | 43 M | |
| Net Loss | -784.1 K | -823.3 K |
MetalsGrove Mining Stock Technical Analysis
MetalsGrove Mining 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
MetalsGrove Mining Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
MetalsGrove Mining cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities 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.
MetalsGrove Mining December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how MetalsGrove Mining stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MetalsGrove Mining shares will generate the highest return on investment. By undertsting and applying MetalsGrove Mining stock market strength indicators, traders can identify MetalsGrove Mining entry and exit signals to maximize returns
MetalsGrove Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MetalsGrove Mining's price direction in advance. Along with the technical and fundamental analysis of MetalsGrove Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MetalsGrove 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 | 0.0527 | |||
| Jensen Alpha | 0.4544 | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | 0.0291 | |||
| Treynor Ratio | (0.36) |
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Additional Tools for MetalsGrove Stock Analysis
When running MetalsGrove Mining's price analysis, check to measure MetalsGrove Mining'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 MetalsGrove Mining is operating at the current time. Most of MetalsGrove Mining's value examination focuses on studying past and present price action to predict the probability of MetalsGrove Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MetalsGrove Mining's price. Additionally, you may evaluate how the addition of MetalsGrove Mining to your portfolios can decrease your overall portfolio volatility.