Prime Mining Corp Stock Performance
| PRMNF Stock | USD 1.06 0.02 1.85% |
The company holds a Beta of -1.01, which implies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Prime Mining are expected to decrease slowly. On the other hand, during market turmoil, Prime Mining is expected to outperform it slightly. At this point, Prime Mining Corp has a negative expected return of -0.0891%. Please make sure to check Prime Mining's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Prime Mining Corp 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 Mining Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Prime Mining is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 32 M | |
| Total Cashflows From Investing Activities | -2.4 M |
Prime |
Prime Mining Relative Risk vs. Return Landscape
If you would invest 126.00 in Prime Mining Corp on August 25, 2024 and sell it today you would lose (20.00) from holding Prime Mining Corp or give up 15.87% of portfolio value over 90 days. Prime Mining Corp is currently producing negative expected returns and takes up 6.0981% volatility of returns over 90 trading days. Put another way, 54% of traded otc stocks 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 Mining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Mining's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Prime Mining Corp, and traders can use it to determine the average amount a Prime Mining'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 = -0.0146
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| Negative Returns | PRMNF |
Estimated Market Risk
| 6.1 actual daily | 54 54% of assets are less volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Prime Mining 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 Mining by adding Prime Mining to a well-diversified portfolio.
Prime Mining Fundamentals Growth
Prime OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Prime Mining, and Prime Mining 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 OTC Stock performance.
| Return On Equity | -0.48 | |||
| Return On Asset | -0.3 | |||
| Current Valuation | 158.77 M | |||
| Shares Outstanding | 126.91 M | |||
| Price To Book | 9.68 X | |||
| EBITDA | (21.8 M) | |||
| Cash And Equivalents | 14.44 M | |||
| Cash Per Share | 0.13 X | |||
| Total Debt | 180.6 K | |||
| Debt To Equity | 0.01 % | |||
| Book Value Per Share | 0.20 X | |||
| Cash Flow From Operations | (13.6 M) | |||
| Earnings Per Share | (0.15) X | |||
| Total Asset | 41.79 M | |||
About Prime Mining Performance
By analyzing Prime Mining's fundamental ratios, stakeholders can gain valuable insights into Prime Mining's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Prime Mining 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 Mining has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Prime Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in Mexico. Prime Mining Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada. PRIME MINING is traded on OTC Exchange in the United States.Things to note about Prime Mining Corp performance evaluation
Checking the ongoing alerts about Prime Mining for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Prime Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Prime Mining Corp generated a negative expected return over the last 90 days | |
| Prime Mining Corp has high historical volatility and very poor performance | |
| Prime Mining Corp has some characteristics of a very speculative penny stock | |
| Prime Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (21.45 M) with loss before overhead, payroll, taxes, and interest of (43.41 K). | |
| Prime Mining Corp has accumulated about 14.44 M in cash with (13.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Roughly 19.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Prime Mining'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 Mining's stock is overvalued or undervalued compared to its peers.
- Examining Prime Mining'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 Mining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Prime Mining's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Prime Mining's otc stock. These opinions can provide insight into Prime Mining's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Prime OTC Stock analysis
When running Prime Mining's price analysis, check to measure Prime Mining'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 Mining is operating at the current time. Most of Prime Mining's value examination focuses on studying past and present price action to predict the probability of Prime Mining'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 Mining's price. Additionally, you may evaluate how the addition of Prime Mining to your portfolios can decrease your overall portfolio volatility.
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