Golden Ridge Financials

GLDN Stock  CAD 0.08  0.00  0.00%   
We strongly advise to harness Golden Ridge fundamental analysis to find out if markets are presently mispricing the company. Simply put you can make use of it to find out if Golden Ridge Resources is indeed mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to break down twenty-six available reported financial drivers for Golden Ridge Resources, which can be compared to its competitors. The stock experiences a normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of Golden Ridge to be traded at C$0.0792 in 90 days. Key indicators impacting Golden Ridge's financial strength include:
Short Ratio
1.98
Return On Equity
(0.02)
  
Understanding current and past Golden Ridge Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Golden Ridge's financial statements are interrelated, with each one affecting the others. For example, an increase in Golden Ridge's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Golden Ridge's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Golden Ridge Resources. Check Golden Ridge's Beneish M Score to see the likelihood of Golden Ridge's management manipulating its earnings.

Golden Ridge Stock Summary

Golden Ridge competes with Sparx Technology, AGF Management, Richelieu Hardware, Rogers Communications, and Element Fleet. Golden Ridge Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. Its flagship project is the Hank property comprising 4 claims covering 1,700 hectares located in the Liard district of British Colombia. GOLDEN RIDGE operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
Foreign Associate
  USA
Specialization
Basic Materials, Other Precious Metals & Mining
InstrumentCanada Stock View All
ExchangeTSX Venture Exchange
ISINCA38116T2065
Business AddressLandmark 3, Kelowna,
SectorMetals & Mining
IndustryMaterials
BenchmarkDow Jones Industrial
Websitewww.goldenridgeresources.com
Phone250 717 3151
CurrencyCAD - Canadian Dollar
You should never invest in Golden Ridge without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Golden Stock, because this is throwing your money away. Analyzing the key information contained in Golden Ridge's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Golden Ridge Key Financial Ratios

There are many critical financial ratios that Golden Ridge's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Golden Ridge Resources reports annually and quarterly.

Golden Ridge Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets8.7M7.9M8.6M6.4M6.1M5.9M
Net Tangible Assets9.0M8.6M7.7M8.4M9.6M5.4M
Retained Earnings(4.8M)(12.2M)(13.9M)(16.6M)(17.2M)(16.3M)
Accounts Payable65.8K105.9K118.3K236.3K333.7K350.4K
Cash837.4K3.9M4.9M2.6M1.3M1.9M
Net Receivables359.5K215.3K397.4K34.1K39.2K37.3K
Total Liab158.1K167.5K232.3K236.3K333.7K264.9K
Total Current Assets1.2M5.4M5.6M4.1M2.8M2.9M
Common Stock11.7M11.9M18.0M19.9M22.9M24.0M
Net Invested Capital8.6M7.7M8.4M6.2M5.7M5.8M
Net Working Capital1.0M5.2M5.4M3.8M2.4M3.8M
Capital Stock11.9M18.0M19.9M19.9M19.9M18.6M

Golden Ridge Key Income Statement Accounts

201920202021202220232024 (projected)
Selling General Administrative585.7K768.7K1.2M383.6K704.0K846.0K
Gross Profit(22.9K)(26.8K)(33.2K)(26.5K)(14.6K)(15.3K)
Operating Income(610.7K)(798.5K)(1.2M)(410.1K)(721.9K)(758.0K)
Net Income From Continuing Ops(521.5K)(7.3M)(1.7M)(2.8M)(545.6K)(572.8K)
Ebit(910.3K)(610.7K)(8.3M)(1.8M)(1.6M)(1.7M)
Cost Of Revenue22.9K26.8K33.2K26.5K14.6K17.2K
Total Operating Expenses610.7K798.5K1.2M410.1K721.9K866.7K
Income Before Tax(521.5K)(7.3M)(1.7M)(2.8M)(545.6K)(572.8K)
Total Other Income Expense Net59.7K(6.6M)(485.2K)(2.4M)118.6K124.5K
Net Income Applicable To Common Shares(765.6K)(521.5K)(7.3M)(1.7M)(1.5M)(1.6M)
Net Income(521.5K)(7.3M)(1.7M)(2.8M)(545.6K)(572.8K)
Net Interest Income29.5K7.6K24.2K99.0K57.7K32.5K
Interest Income29.5K7.6K24.2K99.0K57.7K37.7K
Ebitda(1.0M)(498.6K)(771.7K)(1.2M)(1.4M)(1.5M)
Reconciled Depreciation22.9K26.8K33.2K26.5K14.6K24.5K

Golden Ridge Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(2.2M)3.3M825.6K(2.3M)(1.4M)(1.3M)
Depreciation22.9K7.5M814.0K26.5K14.6K13.9K
Capital Expenditures2.1M1.3M652.0K1K95.5K90.7K
Net Income(521.5K)(7.3M)(1.7M)(2.8M)(545.6K)(572.8K)
Change To Netincome(38.2K)(37.5K)(608.7K)551.7K496.6K396.5K
End Period Cash Flow837.4K4.1M4.9M2.6M1.3M2.5M
Free Cash Flow(2.3M)(2.0M)(537.2K)(402.5K)(389.4K)(408.9K)

Golden Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Golden Ridge's current stock value. Our valuation model uses many indicators to compare Golden Ridge value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Golden Ridge competition to find correlations between indicators driving Golden Ridge's intrinsic value. More Info.
Golden Ridge Resources is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Golden Ridge's earnings, one of the primary drivers of an investment's value.

Golden Ridge Resources Systematic Risk

Golden Ridge's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Golden Ridge volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was fourty-two with a total number of output elements of nineteen. The Beta measures systematic risk based on how returns on Golden Ridge Resources correlated with the market. If Beta is less than 0 Golden Ridge generally moves in the opposite direction as compared to the market. If Golden Ridge Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Golden Ridge Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Golden Ridge is generally in the same direction as the market. If Beta > 1 Golden Ridge moves generally in the same direction as, but more than the movement of the benchmark.

Golden Ridge Resources Total Assets Over Time

Additional Tools for Golden Stock Analysis

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