29Metals (Australia) Today
| 29M Stock | 0.38 0.01 2.56% |
Performance2 of 100
| Odds Of DistressOver 77
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29Metals is selling for under 0.38 as of the 24th of November 2024; that is 2.56 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 0.38. 29Metals has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for 29Metals are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of November 2023 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
29Metals is entity of Australia. It is traded as Stock on AU exchange. The company has 702.07 M outstanding shares. More on 29Metals
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29Metals Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. 29Metals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding 29Metals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO MD | BSc BSc | ||||
| Thematic Ideas | (View all Themes) | ||||
| Business Concentration | Diversified Metals & Mining, Other Precious Metals & Mining, Basic Materials, Copper, Heavy Metals, Materials, Metals & Mining, Other Precious Metals & Mining, Basic Materials (View all Sectors) | ||||
29Metals' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to 29Metals' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt Levels29Metals can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand 29Metals' financial leverage. It provides some insight into what part of 29Metals' total assets is financed by creditors.
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29Metals (29M) is traded on Australian Securities Exchange in Australia and employs 15 people. 29Metals is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 266.79 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate 29Metals's market, we take the total number of its shares issued and multiply it by 29Metals'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. 29Metals operates under Metals & Mining sector and is part of Materials industry. The entity has 702.07 M outstanding shares.
29Metals generates negative cash flow from operations
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Ownership Allocation29Metals holds a total of 702.07 Million outstanding shares. The majority of 29Metals outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in 29Metals to benefit from reduced commissions. Hence, institutional investors are subject to a different set of regulations than regular investors in 29Metals. Please pay attention to any change in the institutional holdings of 29Metals as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the entity is less than the current market value, you may not be able to make money on it.
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29Metals Risk Profiles
Although 29Metals' alpha and beta are two of the key measurements used to evaluate 29Metals' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.66 | |||
| Semi Deviation | 4.74 | |||
| Standard Deviation | 5.21 | |||
| Variance | 27.16 |
29Metals Stock Against Markets
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29Metals Corporate Management
Elected by the shareholders, the 29Metals' board of directors comprises two types of representatives: 29Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 29Metals. The board's role is to monitor 29Metals' management team and ensure that shareholders' interests are well served. 29Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, 29Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lucas Williams | Group Exploration | Profile | |
| Kristian Stella | Group Development | Profile | |
| BSc MAICD | CEO MD | Profile | |
| BScApp LLB | Chief Sec | Profile | |
| Tara Garrood | Group ESG | Profile | |
| Walter Muehlebach | CEO Redhill | Profile |
Additional Tools for 29Metals Stock Analysis
When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.