Gold Fields Stock Slides as Market Rises Facts to Know Before You Trade
| TNGL Stock | USD 0.01 0 12.31% |
About 51% of Tonogold Resources' institutional investors are presently thinking to get in. The analysis of overall sentiment of trading Tonogold Resources pink sheet suggests that some investors are interested 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.
Tonogold |
Gold Fields reachead 13.97 at the closing of the latest trading day, reflecting a -0.64 percent change compared to its last close.
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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.
Book Value Per Share
Book Value Per Share Comparative Analysis
Tonogold Resources is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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
| VAUCF | Viva Gold | 10.00 | ||||
| GFI | Gold Fields | 3.78 | ||||
| EQX | Equinox Gold | 3.16 | ||||
| PAAS | Pan American | 2.75 | ||||
| WRLGF | West Red | 2.33 | ||||
| WPM | Wheaton Precious | 1.78 | ||||
| KGC | Kinross Gold | 1.71 | ||||
| AEM | Agnico Eagle | 1.40 | ||||
| CDE | Coeur Mining | 1.12 | ||||
| SAND | Sandstorm Gold | 0.88 | ||||
| NEM | Newmont Goldcorp | 0.86 | ||||
| BTG | B2Gold Corp | 0.41 |
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.