Canagold Resources Stock Price on October 31, 2024
| CCM Stock | CAD 0.30 0.02 7.14% |
Below is the normalized historical share price chart for Canagold Resources extending back to November 03, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Canagold Resources stands at 0.30, as last reported on the 4th of December, with the highest price reaching 0.30 and the lowest price hitting 0.28 during the day.
If you're considering investing in Canagold Stock, it is important to understand the factors that can impact its price. As of now, Canagold Stock is out of control. Canagold Resources secures Sharpe Ratio (or Efficiency) of 0.0153, which signifies that the company had a 0.0153% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Canagold Resources, which you can use to evaluate the volatility of the firm. Please confirm Canagold Resources' Standard Deviation of 3.11, mean deviation of 1.83, and Risk Adjusted Performance of 0.0069 to double-check if the risk estimate we provide is consistent with the expected return of 0.0478%.
At this time, Canagold Resources' Common Stock Shares Outstanding is very stable compared to the past year. As of the 4th of December 2024, Sale Purchase Of Stock is likely to grow to about 10 M, while Total Stockholder Equity is likely to drop about 19.2 M. . At this time, Canagold Resources' Price Book Value Ratio is very stable compared to the past year. As of the 4th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.25, while Price To Sales Ratio is likely to drop 584.32. Canagold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.2686 | 50 Day MA 0.3034 | Beta 0.834 |
Canagold |
Sharpe Ratio = 0.0153
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Estimated Market Risk
| 3.13 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Canagold Resources is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canagold Resources by adding it to a well-diversified portfolio.
Price Book 1.1682 | Book Value 0.195 | Enterprise Value 49.9 M | Enterprise Value Ebitda (12.79) | Shares Float 90 M |
Canagold Resources Valuation on October 31, 2024
It is possible to determine the worth of Canagold Resources on a given historical date. On October 31, 2024 Canagold was worth 0.27 at the beginning of the trading date compared to the closed value of 0.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canagold Resources stock. Still, in general, we apply an absolute valuation method to find Canagold Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canagold Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canagold Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.27 | 0.27 | 0.27 | 0.27 | 23,000 | |
10/31/2024 | 0.27 | 0.30 | 0.25 | 0.30 | 112,900 |
| 0.29 | 0.30 | 0.26 | 0.30 | 43,008 |
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Canagold Resources Trading Date Momentum on October 31, 2024
| On November 01 2024 Canagold Resources was traded for 0.30 at the closing time. The maximum traded price for the trading interval was 0.30 and the lowest daily price was 0.26 . The daily volume was recorded at 43 K. The volume of trading on 1st of November 2024 did not affect price variability. The overall trading delta to the closing price today is 0.00% . |
Canagold Resources Fundamentals Correlations and Trends
By evaluating Canagold Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canagold Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canagold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canagold Resources Stock history
Canagold Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canagold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canagold Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canagold Resources stock prices may prove useful in developing a viable investing in Canagold Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 145.9 M | 153.2 M | |
| Net Loss | -2.4 M | -2.3 M |
Canagold Resources Stock Technical Analysis
Canagold Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Canagold Resources Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Canagold Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Canagold Resources December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Canagold Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canagold Resources shares will generate the highest return on investment. By undertsting and applying Canagold Resources stock market strength indicators, traders can identify Canagold Resources entry and exit signals to maximize returns
Canagold Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canagold Resources' price direction in advance. Along with the technical and fundamental analysis of Canagold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canagold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0069 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.04) |
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Other Information on Investing in Canagold Stock
Canagold Resources financial ratios help investors to determine whether Canagold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canagold with respect to the benefits of owning Canagold Resources security.