Independence Gold Corp Stock Analysis

Independence Stock Analysis Notes

The company recorded a loss per share of 0.03. Independence Gold Corp had not issued any dividends in recent years. Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. INDEPENDENCE GOLD operates under Gold classification in Canada and is traded on TSX Venture Exchange. To learn more about Independence Gold Corp call the company at 604 687 3959 or check out https://www.ingold.ca.

Independence Gold Corp Investment Alerts

Independence Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 42.98 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Independence Gold's market, we take the total number of its shares issued and multiply it by Independence Gold'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.

Independence Profitablity

Management Efficiency

Independence Gold Corp has return on total asset (ROA) of (0.4789) % which means that it has lost $0.4789 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.941) %, meaning that it generated substantial loss on money invested by shareholders. Independence Gold's management efficiency ratios could be used to measure how well Independence Gold manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.47 in 2024. Return On Capital Employed is likely to climb to -0.46 in 2024. At this time, Independence Gold's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 8.6 M in 2024, whereas Other Assets are likely to drop slightly above 152.9 K in 2024.

Technical Drivers

As of the 28th of November, Independence Gold retains the Downside Deviation of 6.33, market risk adjusted performance of (0.08), and Risk Adjusted Performance of 0.0187. Independence Gold 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 Independence Gold Corp standard deviation and the relationship between the treynor ratio and kurtosis to decide if Independence Gold is priced fairly, providing market reflects its last-minute price of 0.22 per share.

Independence Gold Corp Price Movement Analysis

Independence Gold Outstanding Bonds

Independence Gold Predictive Daily Indicators

Independence Gold Forecast Models

Independence Gold's time-series forecasting models are one of many Independence Gold's 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 Independence Gold's 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 Independence Gold 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 Independence 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 Independence Gold. By using and applying Independence Stock analysis, traders can create a robust methodology for identifying Independence entry and exit points for their positions.

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