Canex Metals Stock Analysis

CANEX Stock Analysis Notes

About 14.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.91. Some equities with similar Price to Book (P/B) outperform the market in the long run. CANEX Metals recorded a loss per share of 0.01. The entity last dividend was issued on the 3rd of April 2017. The firm had 1:5 split on the 3rd of April 2017. CANEX Metals Inc., a junior exploration company, acquires, explores, and develops mineral properties in Canada. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. CANEX METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. For more info on CANEX Metals please contact the company at 403 233 2636 or go to https://canexmetals.ca.

CANEX Metals Investment Alerts

CANEX Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 5.46 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CANEX Metals's market, we take the total number of its shares issued and multiply it by CANEX Metals's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

CANEX Profitablity

Management Efficiency

CANEX Metals has return on total asset (ROA) of (0.032) % which means that it has lost $0.032 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0632) %, meaning that it generated substantial loss on money invested by shareholders. CANEX Metals' management efficiency ratios could be used to measure how well CANEX Metals manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.09 in 2024. Return On Capital Employed is likely to drop to -0.07 in 2024. At this time, CANEX Metals' Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 4.8 M in 2024, despite the fact that Non Currrent Assets Other are likely to grow to (0.85).

Technical Drivers

As of the 23rd of November, CANEX Metals shows the Semi Deviation of 7.9, mean deviation of 6.29, and Coefficient Of Variation of 1725.36. CANEX Metals technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices. Please confirm CANEX Metals standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if CANEX Metals is priced adequately, providing market reflects its regular price of 0.05 per share.

CANEX Metals Price Movement Analysis

CANEX Metals Outstanding Bonds

CANEX Metals Predictive Daily Indicators

CANEX Metals Forecast Models

CANEX Metals' time-series forecasting models are one of many CANEX Metals' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary CANEX Metals' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how CANEX Metals prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling CANEX shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as CANEX Metals. By using and applying CANEX Stock analysis, traders can create a robust methodology for identifying CANEX entry and exit points for their positions.

When running CANEX Metals' price analysis, check to measure CANEX Metals' 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.