Gold Road Resources Stock Today
| ELKMF Stock | USD 1.07 0.02 1.90% |
Performance0 of 100
| Odds Of DistressLess than 10
|
Gold Road is trading at 1.07 as of the 19th of April 2024. This is a 1.90 percent increase since the beginning of the trading day. The stock's lowest day price was 1.03. Gold Road has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Gold Road Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia. Gold Road Resources Limited was incorporated in 2004 and is based in West Perth, Australia. Gold Road operates under Gold classification in the United States and is traded on OTC Exchange. The company has 1.08 B outstanding shares. More on Gold Road Resources
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Follow Valuation Odds of Bankruptcy
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Gold Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Gold Road's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Gold Road or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO, Managing Director | Duncan Gibbs |
| Thematic Idea | Gold and Gold Mining (View all Themes) |
| Business Concentration | Gold and Gold Mining, Gold, Basic Materials (View all Sectors) |
Gold Road Resources [ELKMF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC). The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.11 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Gold Road's market, we take the total number of its shares issued and multiply it by Gold Road'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. Gold Road Resources classifies itself under Basic Materials sector and is part of Gold industry. The entity has 1.08 B outstanding shares.
Gold Road Resources has accumulated about 160.27 M in cash with 89.24 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.15.
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Ownership AllocationGold Road Resources has a total of 1.08 Billion outstanding shares. 30% of Gold Road Resources outstanding shares are owned by outside corporations. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Gold Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Gold Road jumping above the current price in 90 days from now is about 35.71%. The Gold Road Resources probability density function shows the probability of Gold Road pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Gold Road Resources has a beta of -0.0433 suggesting as returns on the benchmark increase, returns on holding Gold Road are expected to decrease at a much lower rate. During a bear market, however, Gold Road Resources is likely to outperform the market. Additionally, gold Road Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Gold Road to move above the current price in 90 days from now is about 35.71 (This Gold Road Resources probability density function shows the probability of Gold Pink Sheet to fall within a particular range of prices over 90 days) .
Gold Road Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Gold Road market risk premium is the additional return an investor will receive from holding Gold Road long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Gold Road. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Gold Road's alpha and beta are two of the key measurements used to evaluate Gold Road's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.79 | |||
| Standard Deviation | 3.38 | |||
| Variance | 11.4 | |||
| Risk Adjusted Performance | (0.01) |
Gold Stock Against Markets
Picking the right benchmark for Gold Road pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Gold Road pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Gold Road is critical whether you are bullish or bearish towards Gold Road Resources at a given time. Please also check how Gold Road's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Gold Road without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Gold Road Corporate Directors
Gold Road corporate directors refer to members of a Gold Road board of directors. The board of directors generally takes responsibility for the Gold Road's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Gold Road's board members must vote for the resolution. The Gold Road board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sharon Warburton | Independent Non-Executive Director | Profile | |
| Brian Levet | Non-Executive Independent Director | Profile | |
| Russell Davis | Non-Executive Director | Profile | |
| Martin Pyle | Non-Executive Independent Director | Profile |
How to buy Gold Pink Sheet?
Before investing in Gold Road, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Gold Road. To buy Gold Road stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Gold Road. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Gold Road stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Gold Road Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Gold Road Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Gold Road Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Gold Road Resources?
The danger of trading Gold Road Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gold Road is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gold Road. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gold Road Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Gold Road Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Gold Pink Sheet analysis
When running Gold Road's price analysis, check to measure Gold Road'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 Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.
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