Endurance Gold Corp Stock Short Ratio
| EDG Stock | CAD 0.14 0.01 7.69% |
Endurance Gold Corp fundamentals help investors to digest information that contributes to Endurance Gold's financial success or failures. It also enables traders to predict the movement of Endurance Stock. The fundamental analysis module provides a way to measure Endurance Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Endurance Gold stock.
Endurance | Short Ratio |
Endurance Gold Corp Company Short Ratio Analysis
Endurance Gold's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Endurance Gold Short Ratio | 0.53 X |
Most of Endurance Gold's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Endurance Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Endurance Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Endurance Gold is extremely important. It helps to project a fair market value of Endurance Stock properly, considering its historical fundamentals such as Short Ratio. Since Endurance Gold's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Endurance Gold's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Endurance Gold's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Based on the latest financial disclosure, Endurance Gold Corp has a Short Ratio of 0.53 times. This is 86.75% lower than that of the Metals & Mining sector and 82.09% lower than that of the Materials industry. The short ratio for all Canada stocks is 86.75% higher than that of the company.
Endurance Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Endurance Gold's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Endurance Gold could also be used in its relative valuation, which is a method of valuing Endurance Gold by comparing valuation metrics of similar companies.Endurance Gold is currently under evaluation in short ratio category among its peers.
Endurance Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Endurance Gold from analyzing Endurance Gold's financial statements. These drivers represent accounts that assess Endurance Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Endurance Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.3M | 15.5M | 40.6M | 50.5M | 26.4M | 27.7M | |
| Enterprise Value | 3.3M | 15.0M | 40.1M | 48.6M | 26.0M | 27.3M |
Endurance Fundamentals
| Return On Equity | -0.0581 | ||||
| Return On Asset | -0.0243 | ||||
| Current Valuation | 19.76 M | ||||
| Shares Outstanding | 173.2 M | ||||
| Shares Owned By Insiders | 60.32 % | ||||
| Number Of Shares Shorted | 547 | ||||
| Price To Earning | 37.50 X | ||||
| Price To Book | 1.52 X | ||||
| EBITDA | (553.01 K) | ||||
| Net Income | (1.11 M) | ||||
| Cash And Equivalents | 3.77 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 280.63 K | ||||
| Current Ratio | 73.23 X | ||||
| Book Value Per Share | 0.08 X | ||||
| Cash Flow From Operations | 261.53 K | ||||
| Short Ratio | 0.53 X | ||||
| Target Price | 0.4 | ||||
| Beta | 1.96 | ||||
| Market Capitalization | 24.25 M | ||||
| Total Asset | 12.26 M | ||||
| Retained Earnings | (11.65 M) | ||||
| Working Capital | 2.29 M | ||||
| Net Asset | 12.26 M |
About Endurance Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Endurance Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Endurance Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Endurance Gold Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for Endurance Stock Analysis
When running Endurance Gold's price analysis, check to measure Endurance 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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to predict the probability of Endurance 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 Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.