Asante Gold Stock Performance
| ASGOF Stock | USD 0.97 0.00 0.00% |
On a scale of 0 to 100, Asante Gold holds a performance score of 12. The firm shows a Beta (market volatility) of -0.93, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Asante Gold are expected to decrease slowly. On the other hand, during market turmoil, Asante Gold is expected to outperform it slightly. Please check Asante Gold's downside deviation, value at risk, day median price, as well as the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Asante Gold's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Asante Gold are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Asante Gold reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 479.1 K | |
| Total Cashflows From Investing Activities | -75.5 M |
Asante |
Asante Gold Relative Risk vs. Return Landscape
If you would invest 66.00 in Asante Gold on August 17, 2024 and sell it today you would earn a total of 31.00 from holding Asante Gold or generate 46.97% return on investment over 90 days. Asante Gold is currently producing 0.7013% returns and takes up 4.5401% volatility of returns over 90 trading days. Put another way, 40% of traded pink sheets are less volatile than Asante, and 87% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Asante Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asante Gold's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Asante Gold, and traders can use it to determine the average amount a Asante Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1545
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Estimated Market Risk
| 4.54 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.7 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average Asante Gold is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Asante Gold by adding it to a well-diversified portfolio.
Asante Gold Fundamentals Growth
Asante Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Asante Gold, and Asante Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Asante Pink Sheet performance.
| Return On Equity | -0.7 | |||
| Return On Asset | -0.0993 | |||
| Profit Margin | (0.92) % | |||
| Operating Margin | (0.76) % | |||
| Current Valuation | 289.18 M | |||
| Shares Outstanding | 370.1 M | |||
| Price To Earning | 1.82 X | |||
| Price To Book | 2.45 X | |||
| EBITDA | (7.32 M) | |||
| Cash And Equivalents | 114.49 M | |||
| Cash Per Share | 0.32 X | |||
| Total Debt | 136.25 K | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.53 X | |||
| Cash Flow From Operations | (2.27 M) | |||
| Earnings Per Share | (0.04) X | |||
| Total Asset | 226.85 M | |||
About Asante Gold Performance
By analyzing Asante Gold's fundamental ratios, stakeholders can gain valuable insights into Asante Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Asante Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Asante Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in the Republic of Ghana. Asante Gold Corporation was incorporated in 2011 and is based in Vancouver, Canada. Asante Gold is traded on OTC Exchange in the United States.Things to note about Asante Gold performance evaluation
Checking the ongoing alerts about Asante Gold for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Asante Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Asante Gold has some characteristics of a very speculative penny stock | |
| Asante Gold appears to be risky and price may revert if volatility continues | |
| Asante Gold has high likelihood to experience some financial distress in the next 2 years | |
| Asante Gold has accumulated 136.25 K in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Asante Gold has a current ratio of 0.42, 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 Asante Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Asante Gold'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 Asante Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Asante to invest in growth at high rates of return. When we think about Asante Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (8.48 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Asante Gold has accumulated about 114.49 M in cash with (2.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.32. | |
| Roughly 43.0% of Asante Gold shares are held by company insiders |
- Analyzing Asante Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Asante Gold's stock is overvalued or undervalued compared to its peers.
- Examining Asante Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Asante Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Asante Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Asante Gold's pink sheet. These opinions can provide insight into Asante Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Asante Pink Sheet analysis
When running Asante Gold's price analysis, check to measure Asante Gold'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 Asante Gold is operating at the current time. Most of Asante Gold's value examination focuses on studying past and present price action to predict the probability of Asante Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asante Gold's price. Additionally, you may evaluate how the addition of Asante Gold to your portfolios can decrease your overall portfolio volatility.
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