Altura Energy Stock Analysis

Altura Pink Sheet Analysis Notes

About 13.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.63. Some equities with similar Price to Book (P/B) outperform the market in the long run. Altura Energy had not issued any dividends in recent years. The entity had 1:10 split on the . Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in central Alberta. The company was formerly known as Altura Energy Inc. and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 10 people.The quote for Altura Energy is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. For more info on Altura Energy please contact Anthony PEng at 403 984 5197 or go to https://www.tenazenergy.com.

Altura Energy Investment Alerts

Altura Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 54.28 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Altura Energy's market, we take the total number of its shares issued and multiply it by Altura Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Altura Profitablity

The company has Profit Margin (PM) of 0.18 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of (0.13) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.13.

Technical Drivers

As of the 1st of December, Altura Energy shows the Mean Deviation of 2.42, risk adjusted performance of 0.1723, and Downside Deviation of 2.91. Altura Energy technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Altura Energy variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Altura Energy is priced correctly, providing market reflects its regular price of 10.07 per share. Given that Altura Energy has jensen alpha of 0.6988, we suggest you to validate Altura Energy's prevailing market performance to make sure the company can sustain itself at a future point.

Altura Energy Price Movement Analysis

Altura Energy Outstanding Bonds

Altura Energy Predictive Daily Indicators

Altura Energy Forecast Models

Altura Energy's time-series forecasting models are one of many Altura Energy's pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Altura Energy's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Altura Energy prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Altura shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as Altura Energy. By using and applying Altura Pink Sheet analysis, traders can create a robust methodology for identifying Altura entry and exit points for their positions.

When running Altura Energy's price analysis, check to measure Altura Energy'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 Altura Energy is operating at the current time. Most of Altura Energy's value examination focuses on studying past and present price action to predict the probability of Altura Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altura Energy's price. Additionally, you may evaluate how the addition of Altura Energy to your portfolios can decrease your overall portfolio volatility.