Independence Gold Corp Stock Analysis
| IGO Stock | CAD 0.22 0.01 4.76% |
Independence Gold Corp is overvalued with Real Value of 0.2 and Hype Value of 0.22. The main objective of Independence Gold stock analysis is to determine its intrinsic value, which is an estimate of what Independence Gold Corp is worth, separate from its market price. There are two main types of Independence Gold's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Independence Gold's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Independence Gold's stock to identify patterns and trends that may indicate its future price movements.
The Independence Gold 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. Independence Gold 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. Independence Stock trading window is adjusted to America/Toronto timezone.
Independence |
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 Gold had very high historical volatility over the last 90 days | |
| Independence Gold has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (3.81 M) with loss before overhead, payroll, taxes, and interest of (1.28 K). | |
| Independence Gold Corp has accumulated about 1.98 M in cash with (3.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Latest headline from news.google.com: Independence Gold Advances Winter Drilling Program - TipRanks |
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
Independence Gold's profitability indicators refer to fundamental financial ratios that showcase Independence Gold's ability to generate income relative to its revenue or operating costs. If, let's say, Independence Gold is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Independence Gold's 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 Independence Gold's profitability requires more research than a typical breakdown of Independence Gold's 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 | (0.45) | (0.47) | |
| Return On Capital Employed | (0.49) | (0.46) | |
| Return On Assets | (0.45) | (0.47) | |
| Return On Equity | (0.50) | (0.53) |
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.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.05 | 0.05 | |
| Tangible Book Value Per Share | 0.05 | 0.05 | |
| Enterprise Value Over EBITDA | (8.38) | (7.96) | |
| Price Book Value Ratio | 4.47 | 4.69 | |
| Enterprise Value Multiple | (8.38) | (7.96) | |
| Price Fair Value | 4.47 | 4.69 | |
| Enterprise Value | 30.8 M | 32.4 M |
Leadership effectiveness at Independence Gold Corp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 1.373 | Return On Assets (0.48) | Return On Equity (0.94) |
Technical Drivers
As of the 24th of November, Independence Gold retains the Market Risk Adjusted Performance of 0.324, risk adjusted performance of 0.0191, and Downside Deviation of 6.26. 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
The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Independence Gold 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 Independence Gold Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Independence Gold Outstanding Bonds
Independence Gold 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. Independence Gold 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 Independence bonds can be classified according to their maturity, which is the date when Independence Gold 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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Independence Gold Predictive Daily Indicators
Independence Gold 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 Independence Gold 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.
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.About Independence Stock Analysis
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.
| 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 Independence Gold to your portfolios without increasing risk or reducing expected return.Did you try this?
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Additional Tools for Independence Stock Analysis
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.