Giga Metals Corp Stock Today

GIGA Stock  CAD 0.13  0.01  7.14%   

Performance

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Odds Of Distress

Less than 24

 
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Giga Metals is selling for under 0.13 as of the 26th of November 2024; that is 7.14% down since the beginning of the trading day. The stock's lowest day price was 0.13. Giga Metals has about a 24 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Giga Metals Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. Giga Metals Corporation was founded in 1983 and is headquartered in Vancouver, Canada. GIGA METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 105.59 M outstanding shares of which 424 shares are currently shorted by private and institutional investors with about 0.01 days to cover all short positions. More on Giga Metals Corp

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Giga 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. Giga Metals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Giga Metals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorMark Jarvis
Business ConcentrationDiversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors)
Giga Metals' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Giga Metals' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Giga Metals 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 Giga Metals' financial leverage. It provides some insight into what part of Giga Metals' total assets is financed by creditors.
Liquidity
Giga Metals cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Giga Metals Corp has accumulated 139.48 K in total debt. Giga Metals Corp has a current ratio of 38.39, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Giga Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Giga 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 Giga Metals Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Giga to invest in growth at high rates of return. When we think about Giga Metals' use of debt, we should always consider it together with cash and equity.

End Period Cash Flow

1.93 Million
Giga Metals Corp (GIGA) is traded on TSX Venture Exchange in Canada and employs 6 people. Giga Metals is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 13.73 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Giga Metals's market, we take the total number of its shares issued and multiply it by Giga 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. Giga Metals Corp operates under Metals & Mining sector and is part of Materials industry. The entity has 105.59 M outstanding shares of which 424 shares are currently shorted by private and institutional investors with about 0.01 days to cover all short positions. Giga Metals Corp has accumulated about 3.37 M in cash with (1.45 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Giga Metals Probability Of Bankruptcy
Ownership Allocation
Giga Metals Corp has a total of 105.59 Million outstanding shares. Giga Metals retains 5.36 (percent) of its outstanding shares held by insiders and 1.04 (percent) owned by outside corporations. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Giga Ownership Details

Giga Metals Corp Risk Profiles

Although Giga Metals' alpha and beta are two of the key measurements used to evaluate Giga Metals' performance over the market, the standard measures of volatility play an important role as well.

Giga Stock Against Markets

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Giga Metals Corporate Management

Elected by the shareholders, the Giga Metals' board of directors comprises two types of representatives: Giga Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Giga. The board's role is to monitor Giga Metals' management team and ensure that shareholders' interests are well served. Giga Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Giga Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
Holly MillarDirector MarketingProfile
Greg PGeoGeologist ManagerProfile
David PGeoManager ExplorationProfile
Leslie YoungCorporate SecretaryProfile

Additional Tools for Giga Stock Analysis

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