Rockridge Resources Stock Analysis

Rockridge Stock Analysis Notes

The company has price-to-book ratio of 0.3. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Rockridge Resources had not issued any dividends in recent years. Rockridge Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. Rockridge Resources Ltd. was incorporated in 2015 and is headquartered in Vancouver, Canada. ROCKRIDGE RESOURCES operates under Other Industrial Metals Mining classification in Exotistan and is traded on Commodity Exchange. To find out more about Rockridge Resources contact Grant Ewing at 604-687-3376 or learn more at https://www.rockridgeresourcesltd.com.

Rockridge Resources Investment Alerts

Rockridge Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 1.88 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Rockridge Resources's market, we take the total number of its shares issued and multiply it by Rockridge 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.

Rockridge Profitablity

Management Efficiency

Rockridge Resources has return on total asset (ROA) of (0.0528) % which means that it has lost $0.0528 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0673) %, meaning that it generated substantial loss on money invested by shareholders. Rockridge Resources' management efficiency ratios could be used to measure how well Rockridge Resources manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.1 in 2024. Return On Capital Employed is likely to drop to -0.13 in 2024. At this time, Rockridge Resources' Total Assets are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 8 M in 2024, whereas Other Current Assets are likely to drop slightly above 217.1 K in 2024.

Technical Drivers

As of the 19th of December, Rockridge Resources holds the Variance of 145.82, risk adjusted performance of 0.0925, and Coefficient Of Variation of 956.38. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rockridge Resources, as well as the relationship between them. Please check Rockridge Resources coefficient of variation, variance, treynor ratio, as well as the relationship between the standard deviation and total risk alpha to decide if Rockridge Resources is priced some-what accurately, providing market reflects its current price of 0.02 per share.

Rockridge Resources Price Movement Analysis

Rockridge Resources Outstanding Bonds

Rockridge Resources Predictive Daily Indicators

Rockridge Resources Forecast Models

Rockridge Resources' time-series forecasting models are one of many Rockridge 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 Rockridge 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 Rockridge 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 Rockridge 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 Rockridge Resources. By using and applying Rockridge Stock analysis, traders can create a robust methodology for identifying Rockridge entry and exit points for their positions.

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