Canex Metals Stock Analysis
| CANX Stock | CAD 0.04 0.01 12.50% |
CANEX Metals is overvalued with Real Value of 0.041 and Hype Value of 0.05. The main objective of CANEX Metals stock analysis is to determine its intrinsic value, which is an estimate of what CANEX Metals is worth, separate from its market price. There are two main types of CANEX Metals' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect CANEX Metals' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of CANEX Metals' stock to identify patterns and trends that may indicate its future price movements.
The CANEX Metals stock is traded in Canada on TSX Venture Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. CANEX Metals is usually not traded on Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day. CANEX Stock trading window is adjusted to America/Toronto timezone.
CANEX |
CANEX Stock Analysis Notes
About 14.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.8. Some equities with similar Price to Book (P/B) outperform the market in the long run. CANEX Metals last dividend was issued on the 3rd of April 2017. The entity had 1:5 split on the 3rd of April 2017. CANEX Metals Inc., a junior exploration company, acquires, explores, and develops mineral properties in Canada. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. CANEX METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. For more info on CANEX Metals please contact the company at 403 233 2636 or go to https://canexmetals.ca.CANEX Metals Investment Alerts
| CANEX Metals is way too risky over 90 days horizon | |
| CANEX Metals has some characteristics of a very speculative penny stock | |
| CANEX Metals appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (279.15 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| CANEX Metals has accumulated about 480.92 K in cash with (251.9 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 14.0% of the company shares are held by company insiders |
CANEX Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.9 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CANEX Metals's market, we take the total number of its shares issued and multiply it by CANEX Metals'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.Technical Drivers
As of the 21st of March, CANEX Metals shows the Coefficient Of Variation of 1485.35, semi deviation of 6.5, and Mean Deviation of 5.01. CANEX Metals 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 entity's future prices. Please confirm CANEX Metals standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if CANEX Metals is priced adequately, providing market reflects its regular price of 0.045 per share.CANEX Metals Price Movement Analysis
The output start index for this execution was nineteen with a total number of output elements of fourty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. CANEX Metals middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for CANEX Metals. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
CANEX Metals Outstanding Bonds
CANEX Metals issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. CANEX Metals uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most CANEX bonds can be classified according to their maturity, which is the date when CANEX Metals has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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CANEX Metals Predictive Daily Indicators
CANEX Metals intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of CANEX Metals stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.13 | |||
| Day Median Price | 0.045 | |||
| Day Typical Price | 0.045 | |||
| Price Action Indicator | 0.0025 | |||
| Period Momentum Indicator | 0.005 | |||
| Relative Strength Index | 58.17 |
CANEX Metals Forecast Models
CANEX Metals' time-series forecasting models are one of many CANEX Metals' stock 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 CANEX Metals' 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.About CANEX Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how CANEX Metals 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 CANEX shares will generate the highest return on investment. We also built our stock 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 Stock such as CANEX Metals. By using and applying CANEX Stock analysis, traders can create a robust methodology for identifying CANEX entry and exit points for their positions.
CANEX Metals Inc., a junior exploration company, acquires, explores, and develops mineral properties in Canada. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. CANEX METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
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Additional Tools for CANEX Stock Analysis
When running CANEX Metals' price analysis, check to measure CANEX Metals' 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 CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.