Yves PGeo - Xtra Gold Vice Exploration

XTG Stock  CAD 1.90  0.07  3.83%   

Executive

Yves PGeo is Vice Exploration of Xtra Gold Resources Corp
Age 59
Address Monte Carlo #7, Nassau, Bahamas
Phone416 628 2881
Webhttps://www.xtragold.com

Xtra Gold Management Efficiency

The company has return on total asset (ROA) of 0.1123 % which means that it generated a profit of $0.1123 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0738 %, meaning that it generated $0.0738 on every $100 dollars invested by stockholders. Xtra Gold's management efficiency ratios could be used to measure how well Xtra Gold manages its routine affairs as well as how well it operates its assets and liabilities. As of the 12th of December 2024, Return On Tangible Assets is likely to drop to -0.01. In addition to that, Return On Capital Employed is likely to grow to -0.12. At this time, Xtra Gold's Non Current Assets Total are very stable compared to the past year. As of the 12th of December 2024, Total Current Assets is likely to grow to about 10.8 M, while Total Assets are likely to drop about 7.8 M.
Xtra Gold Resources Corp has accumulated 1.52 M in total debt. Xtra Gold Resources has a current ratio of 20.4, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Xtra Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Xtra Gold's 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 Xtra Gold Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Xtra to invest in growth at high rates of return. When we think about Xtra Gold's use of debt, we should always consider it together with cash and equity.

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Xtra-Gold Resources Corp. engages in the exploration and development of gold properties in Ghana, West Africa. Xtra-Gold Resources Corp. was incorporated in 1998 and is based in Nassau, Bahamas. XTRA GOLD is traded on Toronto Stock Exchange in Canada. Xtra Gold Resources Corp (XTG) is traded on Toronto Exchange in Canada and employs 12 people. Xtra Gold is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Xtra Gold Resources Leadership Team

Elected by the shareholders, the Xtra Gold's board of directors comprises two types of representatives: Xtra Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Xtra. The board's role is to monitor Xtra Gold's management team and ensure that shareholders' interests are well served. Xtra Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Xtra Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
BA BA, VP CFO
Denis Laviolette, Director
Yves PGeo, Vice Exploration
Hans Morsches, Director
Yves Clement, Vice President - Exploration
James BA, Chairman, CoFounder
William Asiedu, Chief Officer
James Schweitzer, Independent Director
Peter Minuk, Corporate Secretary, Director, Member of Audit Committee, Member of Nominating and Corporate Governance Committee and Member of Compensation Committee
Victor Nkansa, Chief Financial Officer, Vice President - Ghana Operations
James Longshore, Chairman of the Board, Chief Executive Officer
CA BA, VP CFO

Xtra Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Xtra Gold a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Xtra Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Xtra Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Xtra Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against Xtra Stock

  0.75INFM Infinico Metals CorpPairCorr
  0.53ORE Orezone Gold CorpPairCorr
The ability to find closely correlated positions to Xtra Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtra Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtra Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtra Gold Resources Corp to buy it.
The correlation of Xtra Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xtra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Xtra Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Xtra Stock

Xtra Gold financial ratios help investors to determine whether Xtra 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 Xtra with respect to the benefits of owning Xtra Gold security.