Canex Metals Stock Analysis
| NOMNF Stock | USD 0.21 0.02 8.70% |
CANEX Metals' financial leverage is the degree to which the firm utilizes its fixed-income securities and uses equity to finance projects. Companies with high leverage are usually considered to be at financial risk. CANEX Metals' financial risk is the risk to CANEX Metals stockholders that is caused by an increase in debt. In other words, with a high degree of financial leverage come high-interest payments, which usually reduce Earnings Per Share (EPS).
Given that CANEX Metals' debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which CANEX Metals is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of CANEX Metals to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, CANEX Metals is said to be less leveraged. If creditors hold a majority of CANEX Metals' assets, the Company is said to be highly leveraged.
CANEX Metals is overvalued with Real Value of 0.15 and Hype Value of 0.21. The main objective of CANEX Metals pink sheet analysis is to determine its intrinsic value, which is an estimate of what CANEX Metals is worth, separate from its market price. There are two main types of CANEX Metals' stock analysis: fundamental analysis and technical analysis.
The CANEX Metals pink sheet is traded in the USA on PINK 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 the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and CANEX Metals' ongoing operational relationships across important fundamental and technical indicators.
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CANEX Pink Sheet Analysis Notes
About 17.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.25. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. CANEX Metals recorded a loss per share of 0.01. The entity last dividend was issued on the 3rd of April 2017. The firm had 1:5 split on the 3rd of April 2017. CANEX Metals Inc. engages in the acquisition, exploration, and development of mineral properties. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. Canex Metals operates under Gold classification in the United States and is traded on OTC Exchange.The quote for CANEX Metals is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To find out more about CANEX Metals contact the company at 403 233 2636 or learn more at https://canexmetals.ca.CANEX Metals Investment Alerts
| CANEX Metals is way too risky over 90 days horizon | |
| CANEX Metals has some characteristics of a very speculative penny stock | |
| CANEX Metals appears to be risky and price may revert if volatility continues | |
| CANEX Metals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (781.36 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| CANEX Metals has accumulated about 2.11 M in cash with (528.57 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 17.0% of the company outstanding shares are owned by corporate insiders |
CANEX Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 5.29 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CANEX Metals's market, we take the total number of its shares issued and multiply it by CANEX 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.Technical Drivers
As of the 8th of February, CANEX Metals shows the Semi Deviation of 7.72, coefficient of variation of 578.04, and Mean Deviation of 7.82. Concerning fundamental indicators, the technical analysis model gives you tools to check possible technical drivers of CANEX Metals, as well as the relationship between them. Please confirm CANEX Metals treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if CANEX Metals is priced adequately, providing market reflects its regular price of 0.21 per share. As CANEX Metals appears to be a penny stock we also recommend to validate its total risk alpha numbers.CANEX Metals Price Movement Analysis
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CANEX Metals Predictive Daily Indicators
CANEX 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 CANEX Metals pink sheet 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.
CANEX Metals Forecast Models
CANEX Metals' time-series forecasting models are one of many CANEX Metals' 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 CANEX 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.CANEX Metals Debt to Cash Allocation
Many companies such as CANEX Metals, eventually find out that there is only so much market out there to be conquered, and adding the next product or service is only half as profitable per unit as their current endeavors. Eventually, the company will reach a point where cash flows are strong, and extra cash is available but not fully utilized. In this case, the company may start buying back its stock from the public or issue more dividends.
The company has a current ratio of 15.66, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist CANEX Metals until it has trouble settling it off, either with new capital or with free cash flow. So, CANEX Metals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CANEX Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CANEX to invest in growth at high rates of return. When we think about CANEX Metals' use of debt, we should always consider it together with cash and equity.CANEX Metals Assets Financed by Debt
Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the CANEX Metals' operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of CANEX Metals, which in turn will lower the firm's financial flexibility.About CANEX Pink Sheet Analysis
Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how CANEX 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 CANEX 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 CANEX Metals. By using and applying CANEX Pink Sheet analysis, traders can create a robust methodology for identifying CANEX entry and exit points for their positions.
CANEX Metals Inc. engages in the acquisition, exploration, and development of mineral properties. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. Canex Metals operates under Gold classification in the United States and is traded on OTC Exchange.
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When running CANEX Metals' price analysis, check to measure CANEX 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.
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