Ridgestone Mining Stock Analysis
| RIGMF Stock | USD 0.08 0.0006 0.76% |
Ridgestone Mining is overvalued with Real Value of 0.0578 and Hype Value of 0.08. The main objective of Ridgestone Mining pink sheet analysis is to determine its intrinsic value, which is an estimate of what Ridgestone Mining is worth, separate from its market price. There are two main types of Ridgestone Mining's stock analysis: fundamental analysis and technical analysis.
The Ridgestone Mining pink sheet is traded in the USA on PINK 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 the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Ridgestone Mining's ongoing operational relationships across important fundamental and technical indicators.
Ridgestone |
Ridgestone Pink Sheet Analysis Notes
The company has price-to-book ratio of 0.48. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Ridgestone Mining recorded a loss per share of 0.01. The entity had not issued any dividends in recent years. The firm had 1:20 split on the 9th of January 2023. Ridgestone Mining Inc. acquires, explores for, and develops mineral properties in Mexico. The company was incorporated in 2017 and is based in North Vancouver, Canada. Ridgestone Mining is traded on OTC Exchange in the United States.The quote for Ridgestone Mining is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To find out more about Ridgestone Mining contact Brian Goss at 416 732 0604 or learn more at https://www.ridgestonemining.com.Ridgestone Mining Investment Alerts
| Ridgestone Mining is way too risky over 90 days horizon | |
| Ridgestone Mining has some characteristics of a very speculative penny stock | |
| Ridgestone Mining appears to be risky and price may revert if volatility continues | |
| Ridgestone Mining has accumulated 160 K in total debt with debt to equity ratio (D/E) of 0.12, which may suggest the company is not taking enough advantage from borrowing. Ridgestone Mining has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ridgestone Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Ridgestone Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ridgestone Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ridgestone to invest in growth at high rates of return. When we think about Ridgestone Mining's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.8 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ridgestone Mining has accumulated about 223.22 K in cash with (2.13 M) of positive cash flow from operations. |
Ridgestone Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 703.99 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ridgestone Mining's market, we take the total number of its shares issued and multiply it by Ridgestone Mining'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 23rd of March, Ridgestone Mining holds the Coefficient Of Variation of 901.8, semi deviation of 6.79, and Risk Adjusted Performance of 0.1076. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ridgestone Mining, as well as the relationship between them. Please check Ridgestone Mining variance, as well as the relationship between the maximum drawdown and semi variance to decide if Ridgestone Mining is priced some-what accurately, providing market reflects its current price of 0.0792 per share. As Ridgestone Mining appears to be a penny stock we also advise to check out its total risk alpha numbers.Ridgestone Mining 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. Ridgestone Mining 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 Ridgestone Mining. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Ridgestone Mining Predictive Daily Indicators
Ridgestone Mining 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 Ridgestone Mining pink sheet 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 | 1.01 | |||
| Day Median Price | 0.0792 | |||
| Day Typical Price | 0.0792 | |||
| Price Action Indicator | 3.0E-4 | |||
| Period Momentum Indicator | 6.0E-4 | |||
| Relative Strength Index | 69.71 |
Ridgestone Mining Forecast Models
Ridgestone Mining's time-series forecasting models are one of many Ridgestone Mining'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 Ridgestone Mining'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.About Ridgestone Pink Sheet Analysis
Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Ridgestone Mining 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 Ridgestone 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 Ridgestone Mining. By using and applying Ridgestone Pink Sheet analysis, traders can create a robust methodology for identifying Ridgestone entry and exit points for their positions.
Ridgestone Mining Inc. acquires, explores for, and develops mineral properties in Mexico. The company was incorporated in 2017 and is based in North Vancouver, Canada. Ridgestone Mining is traded on OTC Exchange in the United States.
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When running Ridgestone Mining's price analysis, check to measure Ridgestone Mining'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 Ridgestone Mining is operating at the current time. Most of Ridgestone Mining's value examination focuses on studying past and present price action to predict the probability of Ridgestone Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ridgestone Mining's price. Additionally, you may evaluate how the addition of Ridgestone Mining to your portfolios can decrease your overall portfolio volatility.
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