Canada extends exploration tax credit - The Northern Miner
| NMEX Stock | USD 0.16 0.01 6.67% |
Slightly above 55% of Northern Minerals' investors are presently thinking to get in. The analysis of overall sentiment of trading Northern Minerals Exploration pink sheet suggests that some investors are interested at this time. Northern Minerals' investing sentiment can be driven by a variety of factors including economic data, Northern Minerals' earnings reports, geopolitical events, and overall market trends.
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Canada extends exploration tax credit The Northern Miner
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Northern Minerals Fundamental Analysis
We analyze Northern Minerals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Northern Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Northern Minerals 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.
Beta
Beta Comparative Analysis
Northern Minerals is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Northern Minerals Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Northern Minerals pink sheet to make a market-neutral strategy. Peer analysis of Northern Minerals could also be used in its relative valuation, which is a method of valuing Northern Minerals by comparing valuation metrics with similar companies.
Peers
Northern Minerals Related Equities
| HL-PB | Hecla Mining | 1.88 | ||||
| TFPM | Triple Flag | 1.68 | ||||
| BVN | Compania | 0.23 | ||||
| HL | Hecla Mining | 1.73 | ||||
| EXK | Endeavour Silver | 2.23 | ||||
| MUX | McEwen Mining | 3.63 | ||||
| SILV | SilverCrest Metals | 4.02 |
Additional Tools for Northern Pink Sheet Analysis
When running Northern Minerals' price analysis, check to measure Northern Minerals' 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 Northern Minerals is operating at the current time. Most of Northern Minerals' value examination focuses on studying past and present price action to predict the probability of Northern Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Minerals' price. Additionally, you may evaluate how the addition of Northern Minerals to your portfolios can decrease your overall portfolio volatility.