Altair Resources Stock Today
| AVX Stock | CAD 0.01 0.00 0.00% |
Performance0 of 100
| Odds Of DistressOver 69
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Altair Resources is selling for under 0.01 as of the 5th of May 2024; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.01. Altair Resources has more than 69 % 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 Altair Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2024 and ending today, the 5th of May 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Altair Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. Altair Resources Inc. was founded in 2005 and is headquartered in Vancouver, Canada. ALTAIR RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 57.27 M outstanding shares of which 114 shares are presently shorted by private and institutional investors with about 0.23 days to cover all short positions. More on Altair Resources
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Altair 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. Altair Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Altair Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Zahir Dhanani | ||||
| Thematic Idea | Air (View all Themes) | ||||
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Air, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors) | ||||
Altair Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Altair Resources' 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 Altair Resources' financial leverage. It provides some insight into what part of Altair Resources' total assets is financed by creditors.
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Altair Resources (AVX) is traded on TSX Venture Exchange in Canada and employs 4 people. Altair Resources 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 286.33 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Altair Resources's market, we take the total number of its shares issued and multiply it by Altair 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. Altair Resources classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 57.27 M outstanding shares of which 114 shares are presently shorted by private and institutional investors with about 0.23 days to cover all short positions.
Altair Resources has accumulated about 25.13 K in cash with (119.4 K) of positive cash flow from operations.
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Ownership AllocationAltair Resources holds a total of 57.27 Million outstanding shares. Almost 99.0 percent of Altair Resources outstanding shares are held by general public with 0.9 (percent) owned by insiders and only 0.0 % by other corporate entities. Please note that no matter how many assets the company secures, 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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Altair Stock Against Markets
Picking the right benchmark for Altair 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 Altair 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 Altair Resources is critical whether you are bullish or bearish towards Altair Resources at a given time. Please also check how Altair 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 Altair 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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How to buy Altair Stock?
Before investing in Altair 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 Altair Resources. To buy Altair Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Altair 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 Altair Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Altair 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 Altair 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 Altair 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.
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The danger of trading Altair 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 Altair 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 Altair Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Altair 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Altair 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 board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Altair Stock analysis
When running Altair Resources' price analysis, check to measure Altair 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 Altair Resources is operating at the current time. Most of Altair Resources' value examination focuses on studying past and present price action to predict the probability of Altair Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Resources' price. Additionally, you may evaluate how the addition of Altair Resources to your portfolios can decrease your overall portfolio volatility.
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