O3 Mining Stock Price on February 5, 2024
| OIII Stock | CAD 1.08 0.01 0.93% |
Below is the normalized historical share price chart for O3 Mining extending back to January 03, 2012. 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 O3 Mining stands at 1.08, as last reported on the 24th of November, with the highest price reaching 1.11 and the lowest price hitting 1.08 during the day.
If you're considering investing in OIII Stock, it is important to understand the factors that can impact its price. At this stage we consider OIII Stock to be dangerous. O3 Mining retains Efficiency (Sharpe Ratio) of 0.0295, which implies the company had a 0.0295% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for O3 Mining, which you can use to evaluate the volatility of the entity. Please check O3 Mining's market risk adjusted performance of (0.09), and Standard Deviation of 2.83 to confirm if the risk estimate we provide is consistent with the expected return of 0.0847%.
At this time, O3 Mining's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 79.1 M in 2024, whereas Stock Based Compensation is likely to drop slightly above 1.5 M in 2024. . At this time, O3 Mining's Price To Sales Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to climb to 0.73 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (0.01). OIII Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 1.2479 | 50 Day MA 1.0606 | Beta 0.731 |
OIII |
Sharpe Ratio = 0.0295
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Estimated Market Risk
| 2.87 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average O3 Mining is performing at about 2% 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 O3 Mining by adding it to a well-diversified portfolio.
Price Book 0.4891 | Book Value 2.226 | Enterprise Value 77.6 M | Enterprise Value Ebitda (3.05) | Shares Float 83.4 M |
O3 Mining Valuation on February 5, 2024
It is possible to determine the worth of O3 Mining on a given historical date. On February 5, 2024 OIII was worth 1.44 at the beginning of the trading date compared to the closed value of 1.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of O3 Mining stock. Still, in general, we apply an absolute valuation method to find O3 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 O3 Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against O3 Mining's related companies.
| Open | High | Low | Close | Volume | |
| 1.44 | 1.44 | 1.44 | 1.44 | 5,300 | |
02/05/2024 | 1.44 | 1.45 | 1.39 | 1.41 | 49,500 |
| 1.39 | 1.46 | 1.39 | 1.45 | 37,900 |
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O3 Mining Trading Date Momentum on February 5, 2024
| On February 06 2024 O3 Mining was traded for 1.45 at the closing time. The maximum traded price for the trading interval was 1.46 and the lowest daily price was 1.39 . The daily volume was recorded at 37.9 K. The volume of trading on 6th of February 2024 played a part in the next trading day price increase. The trading delta at closing time to the next closing price was 2.84% . The trading delta at closing time to the closing price today is 2.13% . |
O3 Mining Fundamentals Correlations and Trends
By evaluating O3 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 O3 Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. OIII financial account trend analysis is a perfect complement when working with valuation or volatility modules.About O3 Mining Stock history
O3 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 OIII is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in O3 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 O3 Mining stock prices may prove useful in developing a viable investing in O3 Mining
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 75.3 M | 79.1 M | |
| Net Loss | -8.1 M | -7.7 M |
O3 Mining Quarterly Net Working Capital |
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O3 Mining Stock Technical Analysis
O3 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
O3 Mining Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
O3 Mining 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.
O3 Mining November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how O3 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 O3 Mining shares will generate the highest return on investment. By undertsting and applying O3 Mining stock market strength indicators, traders can identify O3 Mining entry and exit signals to maximize returns
O3 Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for O3 Mining's price direction in advance. Along with the technical and fundamental analysis of OIII Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of OIII 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 | 0.0257 | |||
| Jensen Alpha | 0.1306 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.1) |
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Additional Tools for OIII Stock Analysis
When running O3 Mining's price analysis, check to measure O3 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 O3 Mining is operating at the current time. Most of O3 Mining's value examination focuses on studying past and present price action to predict the probability of O3 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 O3 Mining's price. Additionally, you may evaluate how the addition of O3 Mining to your portfolios can decrease your overall portfolio volatility.