Magna Gold Corp Financials

Based on the measurements of operating efficiency obtained from Magna Gold's historical financial statements, Magna Gold Corp is not in a good financial situation at the moment. It has a very high risk of going through financial straits in April.
With this module, you can analyze Magna financials for your investing period. You should be able to track the changes in Magna Gold individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
The data published in Magna Gold's official financial statements typically reflect Magna Gold's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Magna Gold's quantitative information. For example, before you start analyzing numbers published by Magna accountants, it's essential to understand Magna Gold's liquidity, profitability, and earnings quality within the context of the Basic Materials space in which it operates.

Magna Gold Stock Summary

Magna Gold competes with Robex Resources, Eloro Resources, Gold Bull, Leviathan Gold, and Rackla Metals. Magna Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. The company was incorporated in 2018 and is based in Vancouver, Canada. MAGNA GOLD is traded on OTC Exchange in the United States.
InstrumentUSA OTC Stock View All
ExchangeOTCQB Exchange
Business Address666 Burrard Street,
SectorBasic Materials
IndustryGold
BenchmarkDow Jones Industrial
Websitewww.magnagoldcorp.com
Phone647 259 1790
CurrencyUSD - US Dollar

Magna Gold Key Financial Ratios

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

Magna Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Magna Gold's current stock value. Our valuation model uses many indicators to compare Magna Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Magna Gold competition to find correlations between indicators driving Magna Gold's intrinsic value. More Info.
Magna Gold Corp is rated below average in return on equity category among its peers. It is rated below average 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 Magna Gold's earnings, one of the primary drivers of an investment's value.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Other Consideration for investing in Magna OTC Stock

If you are still planning to invest in Magna Gold Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Magna Gold's history and understand the potential risks before investing.
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