Silver Elephant Mining Stock Fundamentals
| ELEF Stock | CAD 0.45 0.01 2.27% |
Silver Elephant Mining fundamentals help investors to digest information that contributes to Silver Elephant's financial success or failures. It also enables traders to predict the movement of Silver Stock. The fundamental analysis module provides a way to measure Silver Elephant'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 Silver Elephant stock.
At this time, Silver Elephant's Depreciation And Amortization is very stable compared to the past year. As of the 2nd of December 2024, Interest Expense is likely to grow to about 296.5 K, though Gross Profit is likely to grow to (516 K). Silver | Select Account or Indicator |
Silver Elephant Mining Company Shares Outstanding Analysis
Silver Elephant's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Silver Elephant Shares Outstanding | 37.89 M |
Most of Silver Elephant's fundamental indicators, such as Shares Outstanding, 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, Silver Elephant Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Silver Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for Silver Elephant is extremely important. It helps to project a fair market value of Silver Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Silver Elephant'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 Silver Elephant'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 Silver Elephant's interrelated accounts and indicators.
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Silver Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Silver Elephant Mining has 37.89 M of shares currently outstending. This is 93.83% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The shares outstanding for all Canada stocks is 93.37% higher than that of the company.
Silver Elephant Mining Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Silver Elephant's current stock value. Our valuation model uses many indicators to compare Silver Elephant value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Silver Elephant competition to find correlations between indicators driving Silver Elephant's intrinsic value. More Info.Silver Elephant Mining is rated # 2 in return on equity category among its peers. It also is rated # 2 in return on asset category among its peers . At this time, Silver Elephant's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Silver Elephant by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Silver Elephant's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Silver Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Silver Elephant's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Silver Elephant could also be used in its relative valuation, which is a method of valuing Silver Elephant by comparing valuation metrics of similar companies.Silver Elephant is currently under evaluation in shares outstanding category among its peers.
Silver Fundamentals
| Return On Equity | -0.21 | |||
| Return On Asset | -0.0782 | |||
| Current Valuation | 18.88 M | |||
| Shares Outstanding | 37.89 M | |||
| Shares Owned By Insiders | 22.90 % | |||
| Number Of Shares Shorted | 208.96 K | |||
| Price To Earning | 0.75 X | |||
| Price To Book | 0.63 X | |||
| EBITDA | (6.48 M) | |||
| Net Income | (6.54 M) | |||
| Cash And Equivalents | 3.83 M | |||
| Cash Per Share | 0.15 X | |||
| Total Debt | 4.02 M | |||
| Debt To Equity | 0.05 % | |||
| Current Ratio | 1.02 X | |||
| Book Value Per Share | 0.67 X | |||
| Cash Flow From Operations | (260.08 K) | |||
| Short Ratio | 1.73 X | |||
| Earnings Per Share | (0.27) X | |||
| Number Of Employees | 20 | |||
| Beta | 2.51 | |||
| Market Capitalization | 17.05 M | |||
| Total Asset | 50.74 M | |||
| Retained Earnings | (226.91 M) | |||
| Working Capital | (2.18 M) | |||
| Net Asset | 50.74 M |
About Silver Elephant Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Silver Elephant Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Silver Elephant using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Silver Elephant Mining 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -2.2 M | -2.3 M | |
| Cost Of Revenue | 543.1 K | 570.3 K | |
| Ebit Per Revenue | -8.9 K | -8.5 K |
Pair Trading with Silver Elephant
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 Silver Elephant 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 Silver Elephant will appreciate offsetting losses from the drop in the long position's value.Moving together with Silver Stock
Moving against Silver Stock
The ability to find closely correlated positions to Silver Elephant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Elephant 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 Silver Elephant - 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 Silver Elephant Mining to buy it.
The correlation of Silver Elephant 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 Silver Elephant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Elephant Mining 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 Silver Elephant 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 Silver Stock
Silver Elephant financial ratios help investors to determine whether Silver 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 Silver with respect to the benefits of owning Silver Elephant security.