Canagold Resources Stock Analysis

Canagold Stock Analysis Notes

About 50.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.17. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canagold Resources recorded a loss per share of 0.03. The entity last dividend was issued on the 2nd of July 2008. The firm had 1:5 split on the 8th of December 2020. Canarc Resource Corp. engages in the acquisition, exploration, and development of precious metal properties in the United States and Canada. Canarc Resource Corp. was founded in 1987 and is headquartered in Vancouver, Canada. CANARC RES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 3 people. For more info on Canagold Resources please contact the company at 604 685 9700 or go to https://www.canagoldresources.com.

Canagold Resources Investment Alerts

Canagold Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 52.35 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canagold Resources's market, we take the total number of its shares issued and multiply it by Canagold Resources'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.

Canagold Profitablity

Management Efficiency

Canagold Resources has return on total asset (ROA) of (0.0651) % which means that it has lost $0.0651 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0968) %, meaning that it generated substantial loss on money invested by shareholders. Canagold Resources' management efficiency ratios could be used to measure how well Canagold Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 3rd of December 2024, Return On Tangible Assets is likely to drop to -0.1. In addition to that, Return On Capital Employed is likely to drop to -0.05. At this time, Canagold Resources' Non Currrent Assets Other are very stable compared to the past year. As of the 3rd of December 2024, Other Current Assets is likely to grow to about 970.2 K, while Total Assets are likely to drop about 20 M.

Technical Drivers

As of the 3rd of December, Canagold Resources shows the Risk Adjusted Performance of 0.0192, downside deviation of 4.44, and Mean Deviation of 1.91. Canagold Resources 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.

Canagold Resources Price Movement Analysis

Canagold Resources Outstanding Bonds

Canagold Resources Predictive Daily Indicators

Canagold Resources Forecast Models

Canagold Resources' time-series forecasting models are one of many Canagold Resources' 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 Canagold Resources' 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.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Canagold Resources 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 Canagold 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 Canagold Resources. By using and applying Canagold Stock analysis, traders can create a robust methodology for identifying Canagold entry and exit points for their positions.

Canagold Resources financial ratios help investors to determine whether Canagold Stock 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 Canagold with respect to the benefits of owning Canagold Resources security.