PEng BASc - NGEx Minerals Vice Exploration
| NGEX Stock | 12.54 0.13 1.03% |
Executive
PEng BASc is Vice Exploration of NGEx Minerals
| Age | 60 |
| Address | Four Bentall Centre, Vancouver, BC, Canada, V7X 1L2 |
| Phone | 604-689-7842 |
| Web | https://ngexminerals.com |
NGEx Minerals Management Efficiency
The company has return on total asset (ROA) of (0.539) % which means that it has lost $0.539 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.7738) %, meaning that it generated substantial loss on money invested by shareholders. NGEx Minerals' management efficiency ratios could be used to measure how well NGEx Minerals manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Tangible Assets is likely to drop to -0.49. In addition to that, Return On Capital Employed is likely to drop to -0.69. At this time, NGEx Minerals' Total Assets are very stable compared to the past year. As of the 26th of November 2024, Total Current Assets is likely to grow to about 80.7 M, while Non Current Assets Total are likely to drop about 3.5 M.Similar Executives
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Management Performance
| Return On Equity | -0.77 | ||||
| Return On Asset | -0.54 |
NGEx Minerals Leadership Team
Elected by the shareholders, the NGEx Minerals' board of directors comprises two types of representatives: NGEx Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NGEx. The board's role is to monitor NGEx Minerals' management team and ensure that shareholders' interests are well served. NGEx Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NGEx Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeffrey Yip, Chief Officer | ||
| Judy McCall, Corporate Secretary | ||
| Brent Bonney, Vice IR | ||
| Wojtek PG, CEO President | ||
| PEng BASc, Vice Exploration | ||
| Finlay Heppenstall, VP Relations | ||
| Martin Rode, General Operations |
NGEx 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 NGEx Minerals 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 | -0.77 | ||||
| Return On Asset | -0.54 | ||||
| Current Valuation | 1.61 B | ||||
| Shares Outstanding | 187.68 M | ||||
| Shares Owned By Insiders | 39.24 % | ||||
| Shares Owned By Institutions | 6.96 % | ||||
| Number Of Shares Shorted | 770.75 K | ||||
| EBITDA | (47.2 M) | ||||
| Net Income | (37.72 M) | ||||
| Total Debt | 7.82 M |
Pair Trading with NGEx Minerals
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 NGEx Minerals 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 NGEx Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with NGEx Stock
Moving against NGEx Stock
The ability to find closely correlated positions to NGEx Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NGEx Minerals 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 NGEx Minerals - 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 NGEx Minerals to buy it.
The correlation of NGEx Minerals 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 NGEx Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NGEx Minerals 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 NGEx Minerals 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 NGEx Stock
NGEx Minerals financial ratios help investors to determine whether NGEx 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 NGEx with respect to the benefits of owning NGEx Minerals security.