True North Gems Stock Today

TGX Stock  CAD 0.04  0.00  0.00%   

Performance

6 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 48

 
100  
 
Zero
About Average
True North is selling for under 0.04 as of the 28th of March 2024; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.04. True North has 48 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for True North Gems are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
True North Gems Inc. engages in the acquisition, exploration, and development of mineral properties. True North Gems Inc. was founded in 2001 and is based in Vancouver, Canada. TRUE NORTH operates under Other Precious Metals Mining classification in Canada and is traded on TSX Venture Exchange.. The company has 31.58 M outstanding shares of which 3.83 K shares are at this time shorted by private and institutional investors with about 16.88 days to cover all short positions. More on True North Gems

True 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. True North's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding True North or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOAndrew Smith
Business ConcentrationDiversified Metals & Mining, Other Precious Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Precious Metals & Mining, Basic Materials (View all Sectors)
True North's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to True North'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 True North's financial leverage. It provides some insight into what part of True North's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on True North's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how True North deploys its capital and how much of that capital is borrowed.
Liquidity
True North cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 6.46 M in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. True North Gems has a current ratio of 0.01, 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 True North until it has trouble settling it off, either with new capital or with free cash flow. So, True North'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 True North Gems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for True to invest in growth at high rates of return. When we think about True North's use of debt, we should always consider it together with cash and equity.

Change To Account Receivables

1,699.95
True North Gems (TGX) is traded on TSX Venture Exchange in Canada and employs 16 people. True North 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 1.11 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate True North's market, we take the total number of its shares issued and multiply it by True North'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. True North Gems classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 31.58 M outstanding shares of which 3.83 K shares are at this time shorted by private and institutional investors with about 16.88 days to cover all short positions. True North Gems has accumulated about 34.37 K in cash with (703.66 K) of positive cash flow from operations.
Check True North Probability Of Bankruptcy
Ownership Allocation
True North maintains a total of 31.58 Million outstanding shares. About 98.0 % of True North outstanding shares are held by general public with 1.9 (%) owned by insiders and only 0.0 % by institutional holders. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check True Ownership Details

True Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of True North jumping above the current price in 90 days from now is about 23.57%. The True North Gems probability density function shows the probability of True North stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 2.6032. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, True North will likely underperform. Additionally, true North Gems has an alpha of 0.4999, implying that it can generate a 0.5 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.04HorizonTargetOdds Above 0.04
76.35%90 days
 0.04 
23.57%
Based on a normal probability distribution, the odds of True North to move above the current price in 90 days from now is about 23.57 (This True North Gems probability density function shows the probability of True Stock to fall within a particular range of prices over 90 days) .

True North Gems Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. True North market risk premium is the additional return an investor will receive from holding True North 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 True North. 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 True North's alpha and beta are two of the key measurements used to evaluate True North's performance over the market, the standard measures of volatility play an important role as well.

True Stock Against Markets

Picking the right benchmark for True North 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 True North 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 True North is critical whether you are bullish or bearish towards True North Gems at a given time. Please also check how True North'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 True North 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.

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True North Corporate Directors

True North corporate directors refer to members of a True North board of directors. The board of directors generally takes responsibility for the True North'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 True North's board members must vote for the resolution. The True North board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy True Stock?

Before investing in True North, 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 True North. To buy True North stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of True North. 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 True North stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located True North Gems 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 True North Gems 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 True North Gems, 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 True North Gems?

The danger of trading True North Gems 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 True North 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 True North. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile True North Gems 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 World Market Map to better understand how to build diversified portfolios, which includes a position in True North Gems. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for True Stock analysis

When running True North's price analysis, check to measure True North'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 True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between True North's value and its price as these two are different measures arrived at by different means. Investors typically determine if True North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, True North's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.