District Metals Corp Stock Analysis
| DMX Stock | CAD 0.38 0.02 5.56% |
District Metals Corp is overvalued with Real Value of 0.3 and Hype Value of 0.36. The main objective of District Metals stock analysis is to determine its intrinsic value, which is an estimate of what District Metals Corp is worth, separate from its market price. There are two main types of District Metals' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect District Metals' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of District Metals' stock to identify patterns and trends that may indicate its future price movements.
The District Metals stock is traded in Canada on TSX Venture Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. District Metals is usually not traded on Canada Day, Civic Holiday, Labour Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. District Stock trading window is adjusted to America/Toronto timezone.
District |
District Stock Analysis Notes
The book value of the company was currently reported as 0.1. The company recorded a loss per share of 0.02. District Metals Corp had not issued any dividends in recent years. The entity had 1:2 split on the 27th of June 2016. District Metals Corp., a junior mineral exploration stage company, acquires, explores for, and evaluates natural resource properties. District Metals Corp. was incorporated in 1989 and is based in Vancouver, Canada. DISTRICT METALS operates under Other Industrial Metals Mining classification in Exotistan and is traded on Commodity Exchange. To learn more about District Metals Corp call BSC BSc at 604 288 4430 or check out https://www.districtmetals.com.District Metals Corp Investment Alerts
| District Metals Corp has some characteristics of a very speculative penny stock | |
| District Metals Corp appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (1.32 M) with loss before overhead, payroll, taxes, and interest of (15.65 K). | |
| District Metals Corp has accumulated about 5.04 M in cash with (848.43 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Latest headline from news.google.com: District Metals Pursues Nasdaq First North Listing - TipRanks |
District Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 49.62 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate District Metals's market, we take the total number of its shares issued and multiply it by District 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.District Profitablity
District Metals' profitability indicators refer to fundamental financial ratios that showcase District Metals' ability to generate income relative to its revenue or operating costs. If, let's say, District Metals is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, District Metals' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of District Metals' profitability requires more research than a typical breakdown of District Metals' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.19) | (0.20) | |
| Return On Capital Employed | (0.19) | (0.18) | |
| Return On Assets | (0.19) | (0.20) | |
| Return On Equity | (0.21) | (0.20) |
Management Efficiency
District Metals Corp has return on total asset (ROA) of (0.1449) % which means that it has lost $0.1449 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.2361) %, meaning that it generated substantial loss on money invested by shareholders. District Metals' management efficiency ratios could be used to measure how well District 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 -0.2 in 2024. Return On Capital Employed is likely to climb to -0.18 in 2024. At this time, District Metals' Net Tangible Assets are fairly stable compared to the past year. Other Assets is likely to climb to about 100.3 K in 2024, whereas Non Current Assets Total are likely to drop slightly above 4.4 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.11 | 0.10 | |
| Tangible Book Value Per Share | 0.11 | 0.10 | |
| Enterprise Value Over EBITDA | (12.65) | (13.28) | |
| Price Book Value Ratio | 2.77 | 2.61 | |
| Enterprise Value Multiple | (12.65) | (13.28) | |
| Price Fair Value | 2.77 | 2.61 | |
| Enterprise Value | 29.6 M | 31.1 M |
Leadership effectiveness at District Metals Corp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 1.13 | Return On Assets (0.14) | Return On Equity (0.24) |
Technical Drivers
As of the 30th of November, District Metals shows the Coefficient Of Variation of 835.85, downside deviation of 4.8, and Mean Deviation of 3.02. District Metals Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm District Metals Corp variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if District Metals Corp is priced favorably, providing market reflects its regular price of 0.38 per share.District Metals Corp Price Movement Analysis
The output start index for this execution was nine with a total number of output elements of fifty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. District Metals middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for District Metals Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
District Metals Outstanding Bonds
District Metals issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. District Metals Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most District bonds can be classified according to their maturity, which is the date when District Metals Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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District Metals Predictive Daily Indicators
District Metals intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of District Metals stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
District Metals Forecast Models
District Metals' time-series forecasting models are one of many District 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 District 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.About District Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how District 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 District 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 District Metals. By using and applying District Stock analysis, traders can create a robust methodology for identifying District entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (10.74) | (11.27) | |
| Operating Profit Margin | (11.58) | (12.16) | |
| Net Loss | (10.74) | (11.27) |
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding District Metals to your portfolios without increasing risk or reducing expected return.Did you try this?
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Additional Tools for District Stock Analysis
When running District Metals' price analysis, check to measure District 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 District Metals is operating at the current time. Most of District Metals' value examination focuses on studying past and present price action to predict the probability of District Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move District Metals' price. Additionally, you may evaluate how the addition of District Metals to your portfolios can decrease your overall portfolio volatility.