Prime Meridian Resources Stock Performance
| PMDRF Stock | USD 0.11 0.01 10.00% |
The company holds a Beta of 0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prime Meridian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prime Meridian is expected to be smaller as well. At this point, Prime Meridian Resources has a negative expected return of -0.3%. Please make sure to check Prime Meridian's total risk alpha, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Prime Meridian Resources performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Prime Meridian Resources has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 2414.00 |
Prime |
Prime Meridian Relative Risk vs. Return Landscape
If you would invest 15.00 in Prime Meridian Resources on August 29, 2024 and sell it today you would lose (4.00) from holding Prime Meridian Resources or give up 26.67% of portfolio value over 90 days. Prime Meridian Resources is currently producing negative expected returns and takes up 5.3072% volatility of returns over 90 trading days. Put another way, 47% of traded pink sheets are less volatile than Prime, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Prime Meridian Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Meridian's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Prime Meridian Resources, and traders can use it to determine the average amount a Prime Meridian'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 = -0.0562
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| Negative Returns | PMDRF |
Estimated Market Risk
| 5.31 actual daily | 47 53% of assets are more volatile |
Expected Return
| -0.3 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 Prime Meridian 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 Prime Meridian by adding Prime Meridian to a well-diversified portfolio.
Prime Meridian Fundamentals Growth
Prime Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Prime Meridian, and Prime Meridian 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 Prime Pink Sheet performance.
| Return On Asset | -2.07 | |||
| Current Valuation | 3.92 M | |||
| Shares Outstanding | 85.85 M | |||
| EBITDA | (1.13 M) | |||
| Cash And Equivalents | 6.83 K | |||
| Total Debt | 1.46 M | |||
| Book Value Per Share | (0.02) X | |||
| Cash Flow From Operations | (1.12 M) | |||
| Earnings Per Share | (0.01) X | |||
| Total Asset | 627.1 K | |||
About Prime Meridian Performance
By analyzing Prime Meridian's fundamental ratios, stakeholders can gain valuable insights into Prime Meridian's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Prime Meridian 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 Prime Meridian has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Prime Meridian Resources Corp. engages in the development, evaluation, and exploration of mineral resource properties. Prime Meridian Resources Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. Prime Meridian is traded on OTC Exchange in the United States.Things to note about Prime Meridian Resources performance evaluation
Checking the ongoing alerts about Prime Meridian for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Prime Meridian Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Prime Meridian generated a negative expected return over the last 90 days | |
| Prime Meridian has high historical volatility and very poor performance | |
| Prime Meridian has some characteristics of a very speculative penny stock | |
| Prime Meridian has high likelihood to experience some financial distress in the next 2 years | |
| Prime Meridian Resources has accumulated 1.46 M in total debt. Prime Meridian Resources has a current ratio of 0.2, 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 Prime Meridian until it has trouble settling it off, either with new capital or with free cash flow. So, Prime Meridian'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 Prime Meridian Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Prime to invest in growth at high rates of return. When we think about Prime Meridian's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.3 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Prime Meridian Resources has accumulated about 6.83 K in cash with (1.12 M) of positive cash flow from operations. | |
| Roughly 15.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Prime Meridian'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 Prime Meridian's stock is overvalued or undervalued compared to its peers.
- Examining Prime Meridian'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 Prime Meridian's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Prime Meridian's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Prime Meridian's pink sheet. These opinions can provide insight into Prime Meridian's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Prime Pink Sheet analysis
When running Prime Meridian's price analysis, check to measure Prime Meridian'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 Prime Meridian is operating at the current time. Most of Prime Meridian's value examination focuses on studying past and present price action to predict the probability of Prime Meridian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Meridian's price. Additionally, you may evaluate how the addition of Prime Meridian to your portfolios can decrease your overall portfolio volatility.
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