Igo Limited Stock Analysis

IGO Pink Sheet Analysis Notes

About 12.0% of the company shares are held by company insiders. The book value of IGO was currently reported as 5.18. The company last dividend was issued on the 16th of March 2023. IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. IGO Limited was incorporated in 2000 and is headquartered in Perth, Australia. Independence Gold operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.The quote for IGO Limited is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To learn more about IGO Limited call the company at 61 8 9238 8300 or check out https://www.igo.com.au.

IGO Limited Investment Alerts

IGO Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate IGO's market, we take the total number of its shares issued and multiply it by IGO'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.

IGO Profitablity

The company has Profit Margin (PM) of 0.78 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.28 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.28.

Technical Drivers

As of the 27th of November, IGO retains the market risk adjusted performance of (0.84), and Risk Adjusted Performance of (0.03). IGO 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 IGO Limited information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if IGO is priced fairly, providing market reflects its last-minute price of 3.4 per share. Given that IGO Limited has information ratio of (0.10), we strongly advise you to confirm IGO Limited's regular market performance to make sure the company can sustain itself in the future.

IGO Limited Price Movement Analysis

IGO Predictive Daily Indicators

IGO Forecast Models

IGO's time-series forecasting models are one of many IGO's pink sheet 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 IGO'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.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how IGO 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 IGO shares will generate the highest return on investment. We also built our pink sheet 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 Pink Sheet such as IGO. By using and applying IGO Pink Sheet analysis, traders can create a robust methodology for identifying IGO entry and exit points for their positions.

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