Granite Ridge Resources Insiders Added US1.14m Of Stock To Their Holdings - Yahoo Finance
| GLDN Stock | CAD 0.08 0.00 0.00% |
Slightly above 56% of Golden Ridge's investor base is looking to short. The current sentiment regarding investing in Golden Ridge Resources stock implies that many traders are alarmed. Golden Ridge's investing sentiment can be driven by a variety of factors including economic data, Golden Ridge's earnings reports, geopolitical events, and overall market trends.
Golden Ridge stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Golden daily returns and investor perception about the current price of Golden Ridge Resources as well as its diversification or hedging effects on your existing portfolios.
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Granite Ridge Resources Insiders Added US1.14m Of Stock To Their Holdings Yahoo Finance
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Golden Ridge Fundamental Analysis
We analyze Golden Ridge's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Golden Ridge using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Golden Ridge based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Golden Ridge is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Golden Ridge Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Golden Ridge stock to make a market-neutral strategy. Peer analysis of Golden Ridge could also be used in its relative valuation, which is a method of valuing Golden Ridge by comparing valuation metrics with similar companies.
Peers
Golden Ridge Related Equities
| AGF-B | AGF Management | 1.73 | ||||
| RCH | Richelieu Hardware | 0.03 | ||||
| EFN | Element Fleet | 0.74 | ||||
| SPRX | Sparx Technology | 2.67 | ||||
| RCI-A | Rogers Communications | 2.76 | ||||
| WCM-A | Wilmington Capital | 8.00 |
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.