Zincx Resources Corp Stock Today
| ZNX Stock | CAD 0.07 0.01 7.14% |
Performance0 of 100
| Odds Of DistressOver 68
|
ZincX Resources is selling for under 0.065 as of the 18th of April 2024; that is -7.14 percent down since the beginning of the trading day. The stock's lowest day price was 0.065. ZincX Resources has more than 68 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for ZincX Resources Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
ZincX Resources Corp. explores for and evaluates mineral resource properties in Canada. ZincX Resources Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada. ZINCX RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 187.9 M outstanding shares of which 891 shares are at this time shorted by private and institutional investors with about 0.01 days to cover all short positions. More on ZincX Resources Corp
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ZincX 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. ZincX Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ZincX Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Peeyush Varshney |
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors) |
ZincX Resources Corp (ZNX) is traded on TSX Venture Exchange in Canada and employs 12 people. ZincX Resources is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 12.21 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ZincX Resources's market, we take the total number of its shares issued and multiply it by ZincX 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. ZincX Resources Corp classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 187.9 M outstanding shares of which 891 shares are at this time shorted by private and institutional investors with about 0.01 days to cover all short positions.
ZincX Resources Corp has accumulated about 3.72 M in cash with (546.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check ZincX Resources Probability Of Bankruptcy
Ownership AllocationZincX Resources Corp owns a total of 187.9 Million outstanding shares. ZincX Resources Corp owns significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. 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.
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ZincX Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of ZincX Resources jumping above the current price in 90 days from now is about 91.39%. The ZincX Resources Corp probability density function shows the probability of ZincX Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon ZincX Resources Corp has a beta of -0.5488. This usually means as returns on the benchmark increase, returns on holding ZincX Resources are expected to decrease at a much lower rate. During a bear market, however, ZincX Resources Corp is likely to outperform the market. Additionally, zincX Resources Corp 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 ZincX Resources to move above the current price in 90 days from now is about 91.39 (This ZincX Resources Corp probability density function shows the probability of ZincX Stock to fall within a particular range of prices over 90 days) .
ZincX Resources Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ZincX Resources market risk premium is the additional return an investor will receive from holding ZincX Resources 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 ZincX Resources. 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 ZincX Resources' alpha and beta are two of the key measurements used to evaluate ZincX Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.33 | |||
| Standard Deviation | 6.76 | |||
| Variance | 45.72 | |||
| Risk Adjusted Performance | 7.0E-4 |
ZincX Stock Against Markets
Picking the right benchmark for ZincX Resources 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 ZincX Resources 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 ZincX Resources is critical whether you are bullish or bearish towards ZincX Resources Corp at a given time. Please also check how ZincX Resources' 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 ZincX Resources 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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ZincX Resources Corporate Directors
ZincX Resources corporate directors refer to members of a ZincX Resources board of directors. The board of directors generally takes responsibility for the ZincX Resources' 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 ZincX Resources' board members must vote for the resolution. The ZincX Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Thomas | Independent Director | Profile | |
| Praveen Varshney | CFO, Director | Profile | |
| Marco Strub | Independent Director | Profile | |
| Xinfu Hu | Independent Director | Profile |
How to buy ZincX Stock?
Before investing in ZincX Resources, 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 ZincX Resources. To buy ZincX Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ZincX Resources. 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 ZincX Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ZincX Resources Corp 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 ZincX Resources Corp 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 ZincX Resources Corp, 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 ZincX Resources Corp?
The danger of trading ZincX Resources Corp 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 ZincX Resources 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 ZincX Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ZincX Resources Corp 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZincX Resources Corp. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for ZincX Stock analysis
When running ZincX Resources' price analysis, check to measure ZincX 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 ZincX Resources is operating at the current time. Most of ZincX Resources' value examination focuses on studying past and present price action to predict the probability of ZincX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZincX Resources' price. Additionally, you may evaluate how the addition of ZincX Resources to your portfolios can decrease your overall portfolio volatility.
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