Noble Mineral Exploration Stock Today
NOB Stock | CAD 0.06 0.01 14.29% |
Performance2 of 100
| Odds Of DistressOver 88
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Noble Mineral is selling for under 0.06 as of the 12th of May 2024; that is -14.29 percent down since the beginning of the trading day. The stock's lowest day price was 0.06. Noble Mineral has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Noble Mineral Exploration are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of April 2024 and ending today, the 12th of May 2024. Click here to learn more.
Business Domain Materials |
Noble Mineral Exploration Inc., a junior exploration company, engages in the exploration and evaluation of mineral resources properties in Canada. Noble Mineral Exploration Inc. is headquartered in Toronto, Canada. NOBLE MINERAL operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 137.55 M outstanding shares of which 97.88 K shares are now shorted by private and institutional investors with about 0.67 days to cover all short positions. More on Noble Mineral Exploration
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Noble Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Noble Mineral's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Noble Mineral or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and Director | Vance White | ||||
Business Concentration | Diversified Metals & Mining, Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors) | ||||
Noble Mineral's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Noble Mineral's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Noble Mineral's financial leverage. It provides some insight into what part of Noble Mineral's total assets is financed by creditors.
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Noble Mineral Exploration (NOB) is traded on TSX Venture Exchange in Canada and employs 4 people. Noble Mineral is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 8.25 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Noble Mineral's market, we take the total number of its shares issued and multiply it by Noble Mineral'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. Noble Mineral Exploration classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 137.55 M outstanding shares of which 97.88 K shares are now shorted by private and institutional investors with about 0.67 days to cover all short positions.
Noble Mineral Exploration has accumulated about 1.05 M in cash with (1.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
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Ownership AllocationNoble Mineral Exploration maintains a total of 137.55 Million outstanding shares. Noble Mineral Exploration secures 4.62 % of its outstanding shares held by insiders and 0.0 % owned by institutional investors. Please note that no matter how many assets the company has, 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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Noble Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Noble Mineral jumping above the current price in 90 days from now is about 66.1%. The Noble Mineral Exploration probability density function shows the probability of Noble Mineral stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Noble Mineral has a beta of 0.6179. This indicates as returns on the market go up, Noble Mineral average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Noble Mineral Exploration will be expected to be much smaller as well. Additionally, noble Mineral Exploration has an alpha of 0.1251, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Noble Mineral to move above the current price in 90 days from now is about 66.1 (This Noble Mineral Exploration probability density function shows the probability of Noble Stock to fall within a particular range of prices over 90 days) .
Noble Mineral Exploration Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Noble Mineral market risk premium is the additional return an investor will receive from holding Noble Mineral 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 Noble Mineral. 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 Noble Mineral's alpha and beta are two of the key measurements used to evaluate Noble Mineral's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 2.5 | |||
Standard Deviation | 6.09 | |||
Variance | 37.03 | |||
Risk Adjusted Performance | 0.0273 |
Noble Stock Against Markets
Picking the right benchmark for Noble Mineral stock 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 Noble Mineral stock 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 Noble Mineral is critical whether you are bullish or bearish towards Noble Mineral Exploration at a given time. Please also check how Noble Mineral's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Noble Mineral 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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How to buy Noble Stock?
Before investing in Noble Mineral, 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 Noble Mineral. To buy Noble Mineral stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Noble Mineral. 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 Noble Mineral stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Noble Mineral Exploration 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 Noble Mineral Exploration 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 Noble Mineral Exploration, 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 Noble Mineral Exploration?
The danger of trading Noble Mineral Exploration 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 Noble Mineral 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 Noble Mineral. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Noble Mineral Exploration 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noble Mineral Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Noble Stock analysis
When running Noble Mineral's price analysis, check to measure Noble Mineral'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 Noble Mineral is operating at the current time. Most of Noble Mineral's value examination focuses on studying past and present price action to predict the probability of Noble Mineral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noble Mineral's price. Additionally, you may evaluate how the addition of Noble Mineral to your portfolios can decrease your overall portfolio volatility.
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