Grid Metals Corp Stock Analysis
| GRDM Stock | CAD 0.04 0.01 12.50% |
Grid Metals Corp is overvalued with Real Value of 0.0336 and Hype Value of 0.04. The main objective of Grid Metals stock analysis is to determine its intrinsic value, which is an estimate of what Grid Metals Corp is worth, separate from its market price. There are two main types of Grid Metals' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Grid Metals' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Grid Metals' stock to identify patterns and trends that may indicate its future price movements.
The Grid 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. Grid 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. Grid Stock trading window is adjusted to America/Toronto timezone.
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Grid Stock Analysis Notes
About 15.0% of the company shares are held by company insiders. The book value of Grid Metals was currently reported as 0.01. The company recorded a loss per share of 0.04. Grid Metals Corp last dividend was issued on the 26th of October 2017. The entity had 1:10 split on the 26th of October 2017. Grid Metals Corp. engages in exploring and developing base and precious metal mineral properties in Canada. Grid Metals Corp. was incorporated in 1997 and is headquartered in Toronto, Canada. GRID METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. To learn more about Grid Metals Corp call Robin MBA at 416 955 4773 or check out https://gridmetalscorp.com.Grid Metals Corp Investment Alerts
| Grid Metals Corp generated a negative expected return over the last 90 days | |
| Grid Metals Corp has high historical volatility and very poor performance | |
| Grid Metals Corp has some characteristics of a very speculative penny stock | |
| Grid Metals Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (10.37 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Grid Metals Corp has accumulated about 1.15 M in cash with (8.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 15.0% of the company shares are held by company insiders |
Grid Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 7.15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Grid Metals's market, we take the total number of its shares issued and multiply it by Grid 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.Grid Profitablity
Grid Metals' profitability indicators refer to fundamental financial ratios that showcase Grid Metals' ability to generate income relative to its revenue or operating costs. If, let's say, Grid Metals is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Grid 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 Grid Metals' profitability requires more research than a typical breakdown of Grid 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 | (0.81) | (0.77) | |
| Return On Capital Employed | (1.24) | (1.17) | |
| Return On Assets | (0.81) | (0.77) | |
| Return On Equity | (1.70) | (1.62) |
Management Efficiency
Grid Metals Corp has return on total asset (ROA) of (0.7624) % which means that it has lost $0.7624 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (1.7661) %, meaning that it generated substantial loss on money invested by shareholders. Grid Metals' management efficiency ratios could be used to measure how well Grid Metals manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to -0.77 in 2024. Return On Capital Employed is likely to climb to -1.17 in 2024. At this time, Grid Metals' Total Assets are fairly stable compared to the past year. Total Current Assets is likely to climb to about 9.1 M in 2024, whereas Non Currrent Assets Other are likely to drop 0.86 in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.04 | 0.03 | |
| Tangible Book Value Per Share | 0.04 | 0.03 | |
| Enterprise Value Over EBITDA | (1.78) | (1.87) | |
| Price Book Value Ratio | 2.79 | 2.93 | |
| Enterprise Value Multiple | (1.78) | (1.87) | |
| Price Fair Value | 2.79 | 2.93 | |
| Enterprise Value | 12.9 M | 8.6 M |
Grid Metals Corp has shown resilience through effective management strategies. Our analysis examines how these strategies influence financial outcomes and investor returns which helps in understanding the stock's long-term potential.
Beta 2.247 | Return On Assets (0.76) | Return On Equity (1.77) |
Technical Drivers
As of the 27th of November, Grid Metals retains the Market Risk Adjusted Performance of 0.0909, risk adjusted performance of 0.007, and Standard Deviation of 8.47. Grid Metals technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Grid Metals Corp standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Grid Metals is priced fairly, providing market reflects its last-minute price of 0.035 per share.Grid Metals Corp Price Movement Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Grid 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 Grid Metals Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Grid Metals Outstanding Bonds
Grid 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. Grid 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 Grid bonds can be classified according to their maturity, which is the date when Grid 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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Grid Metals Predictive Daily Indicators
Grid 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 Grid 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.
Grid Metals Forecast Models
Grid Metals' time-series forecasting models are one of many Grid 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 Grid 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 Grid Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Grid 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 Grid 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 Grid Metals. By using and applying Grid Stock analysis, traders can create a robust methodology for identifying Grid entry and exit points for their positions.
| Last Reported | Projected for Next Year |
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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 Grid Metals to your portfolios without increasing risk or reducing expected return.Did you try this?
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Additional Tools for Grid Stock Analysis
When running Grid Metals' price analysis, check to measure Grid 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 Grid Metals is operating at the current time. Most of Grid Metals' value examination focuses on studying past and present price action to predict the probability of Grid Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grid Metals' price. Additionally, you may evaluate how the addition of Grid Metals to your portfolios can decrease your overall portfolio volatility.