Knox Henderson - Canagold Resources Vice Development
| CCM Stock | CAD 0.30 0.00 0.00% |
Executive
Knox Henderson is Vice Development of Canagold Resources
| Address | 625 Howe Street, Vancouver, BC, Canada, V6C 2T6 |
| Phone | 604 685 9700 |
| Web | https://www.canagoldresources.com |
Canagold Resources Management Efficiency
The company has return on total asset (ROA) of (0.0651) % which means that it has lost $0.0651 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0968) %, meaning that it generated substantial loss on money invested by shareholders. Canagold Resources' management efficiency ratios could be used to measure how well Canagold Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 29th of November 2024, Return On Tangible Assets is likely to drop to -0.1. In addition to that, Return On Capital Employed is likely to drop to -0.05. At this time, Canagold Resources' Non Currrent Assets Other are very stable compared to the past year. As of the 29th of November 2024, Other Current Assets is likely to grow to about 970.2 K, while Total Assets are likely to drop about 20 M.Similar Executives
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Management Performance
| Return On Equity | -0.0968 | ||||
| Return On Asset | -0.0651 |
Canagold Resources Leadership Team
Elected by the shareholders, the Canagold Resources' board of directors comprises two types of representatives: Canagold Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canagold. The board's role is to monitor Canagold Resources' management team and ensure that shareholders' interests are well served. Canagold Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canagold Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Troy BSc, VP Exploration | ||
| Knox Henderson, Vice Development | ||
| Garry PEng, President COO | ||
| Michael MSc, Chief Director | ||
| Colm Keogh, Senior Operations | ||
| Catalin BCom, Chief Officer | ||
| Gregg MSCI, Vice Relations | ||
| CGA CMA, VP CFO | ||
| Christian Pharness, Senior Permitting | ||
| Mike MSc, Director Officer | ||
| Mihai CPA, CFO Secretary |
Canagold Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Canagold Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.0968 | ||||
| Return On Asset | -0.0651 | ||||
| Current Valuation | 49.04 M | ||||
| Shares Outstanding | 174.5 M | ||||
| Shares Owned By Insiders | 9.17 % | ||||
| Shares Owned By Institutions | 50.41 % | ||||
| Number Of Shares Shorted | 18.51 K | ||||
| Price To Earning | (40.00) X | ||||
| Price To Book | 1.15 X | ||||
| EBITDA | (1.53 M) |
Pair Trading with Canagold Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canagold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canagold Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Canagold Stock
| 0.6 | IE | Ivanhoe Energy | PairCorr |
| 0.6 | NVDA | NVIDIA CDR | PairCorr |
| 0.47 | FDY | Faraday Copper Corp | PairCorr |
| 0.43 | GOOG | Alphabet CDR | PairCorr |
| 0.39 | AG | First Majestic Silver | PairCorr |
The ability to find closely correlated positions to Canagold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canagold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canagold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canagold Resources to buy it.
The correlation of Canagold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canagold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canagold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canagold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Canagold Stock
Canagold Resources financial ratios help investors to determine whether Canagold 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 Canagold with respect to the benefits of owning Canagold Resources security.