Tonogold Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023 - Marketscreener.com
| TNGL Stock | USD 0.01 0 21.43% |
About 60% of Tonogold Resources' investor base is looking to short. The analysis of overall sentiment of trading Tonogold Resources pink sheet suggests that many investors are alarmed at this time. Tonogold Resources' investing sentiment shows overall attitude of investors towards Tonogold Resources.
Tonogold Resources pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Tonogold daily returns and investor perception about the current price of Tonogold Resources as well as its diversification or hedging effects on your existing portfolios.
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Tonogold Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023 Marketscreener.com
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Tonogold Resources Fundamental Analysis
We analyze Tonogold Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tonogold Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tonogold Resources 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.
Beta
Beta Comparative Analysis
Tonogold Resources is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Tonogold 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 Tonogold Resources pink sheet to make a market-neutral strategy. Peer analysis of Tonogold Resources could also be used in its relative valuation, which is a method of valuing Tonogold Resources by comparing valuation metrics with similar companies.
Peers
Tonogold Resources Related Equities
| EQX | Equinox Gold | 9.85 | ||||
| CDE | Coeur Mining | 5.06 | ||||
| KGC | Kinross Gold | 4.85 | ||||
| AEM | Agnico Eagle | 2.72 | ||||
| NEM | Newmont Goldcorp | 2.54 | ||||
| WPM | Wheaton Precious | 1.71 | ||||
| BTG | B2Gold Corp | 1.56 | ||||
| GFI | Gold Fields | 1.41 | ||||
| PAAS | Pan American | 0.94 | ||||
| SAND | Sandstorm Gold | 0.89 | ||||
| WRLGF | West Red | 4.76 |
Other Information on Investing in Tonogold Pink Sheet
Tonogold Resources financial ratios help investors to determine whether Tonogold Pink Sheet 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 Tonogold with respect to the benefits of owning Tonogold Resources security.