Ggx Gold Corp Stock Performance
| GGXXF Stock | USD 0.02 0.01 42.19% |
GGX Gold has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GGX Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding GGX Gold is expected to be smaller as well. GGX Gold Corp currently retains a risk of 9.9%. Please check out GGX Gold information ratio, as well as the relationship between the daily balance of power and period momentum indicator , to decide if GGX Gold will be following its current trending patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in GGX Gold Corp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, GGX Gold may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
| Begin Period Cash Flow | 8426.00 | |
| Total Cashflows From Investing Activities | 31.4 K |
GGX |
GGX Gold Relative Risk vs. Return Landscape
If you would invest 2.29 in GGX Gold Corp on August 25, 2024 and sell it today you would lose (0.47) from holding GGX Gold Corp or give up 20.52% of portfolio value over 90 days. GGX Gold Corp is currently producing 0.1296% returns and takes up 9.9024% volatility of returns over 90 trading days. Put another way, 88% of traded pink sheets are less volatile than GGX, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
GGX Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GGX Gold's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as GGX Gold Corp, and traders can use it to determine the average amount a GGX Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0131
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| Cash | Small Risk | Average Risk | High Risk | GGXXF |
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Estimated Market Risk
| 9.9 actual daily | 88 88% of assets are less volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average GGX Gold is performing at about 1% 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 GGX Gold by adding it to a well-diversified portfolio.
GGX Gold Fundamentals Growth
GGX Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of GGX Gold, and GGX Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GGX Pink Sheet performance.
| Return On Asset | -4.13 | |||
| Current Valuation | 1.41 M | |||
| Shares Outstanding | 36.05 M | |||
| Price To Book | 27.03 X | |||
| EBITDA | (1.4 M) | |||
| Cash And Equivalents | 5.47 K | |||
| Total Debt | 347.43 K | |||
| Book Value Per Share | (0.04) X | |||
| Cash Flow From Operations | (800.77 K) | |||
| Earnings Per Share | (0.03) X | |||
| Total Asset | 70.77 K | |||
About GGX Gold Performance
By analyzing GGX Gold's fundamental ratios, stakeholders can gain valuable insights into GGX Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GGX Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if GGX Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
GGX Gold Corp., a junior mineral exploration company, acquires, explores for, and develops mineral properties in Canada. GGX Gold Corp. was incorporated in 2007 and is based in Vancouver, Canada. Ggx Gold is traded on OTC Exchange in the United States.Things to note about GGX Gold Corp performance evaluation
Checking the ongoing alerts about GGX Gold for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for GGX Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| GGX Gold Corp had very high historical volatility over the last 90 days | |
| GGX Gold Corp has some characteristics of a very speculative penny stock | |
| GGX Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| GGX Gold Corp has accumulated 347.43 K in total debt. GGX Gold Corp has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist GGX Gold until it has trouble settling it off, either with new capital or with free cash flow. So, GGX Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like GGX Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for GGX to invest in growth at high rates of return. When we think about GGX Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| GGX Gold Corp has accumulated about 5.47 K in cash with (800.77 K) of positive cash flow from operations. | |
| Roughly 22.0% of the company shares are held by company insiders |
- Analyzing GGX Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether GGX Gold's stock is overvalued or undervalued compared to its peers.
- Examining GGX Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating GGX Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of GGX Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of GGX Gold's pink sheet. These opinions can provide insight into GGX Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for GGX Pink Sheet analysis
When running GGX Gold's price analysis, check to measure GGX Gold'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 GGX Gold is operating at the current time. Most of GGX Gold's value examination focuses on studying past and present price action to predict the probability of GGX Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GGX Gold's price. Additionally, you may evaluate how the addition of GGX Gold to your portfolios can decrease your overall portfolio volatility.
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