Element OTC Stock Today

EMTRF
 Stock
  

USD 0.16  0.02  14.29%   

Market Performance
0 of 100
Odds Of Distress
Less than 38
Element 29 is trading at 0.16 as of the 8th of December 2022, a 14.29 percent up since the beginning of the trading day. The stock's lowest day price was 0.16. Element 29 has about a 38 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Element 29 Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of December 2020 and ending today, the 8th of December 2022. Click here to learn more.
Element 29 Resources Inc. acquires, explores for, evaluates, and develops mineral properties in Peru. Element 29 Resources Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada. Element 29 operates under Copper classification in the United States and is traded on OTC Exchange.. The company has 79.24 M outstanding shares of which 0 shares are currently shorted by private and institutional investors with about 0.0 days to cover all short positions. More on Element 29 Resources

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Element 29 OTC 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. Element 29's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Element 29 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Element 29 Resources generated a negative expected return over the last 90 days
Element 29 Resources has some characteristics of a very speculative penny stock
Element 29 Resources has high historical volatility and very poor performance
Net Loss for the year was (2.91 M) with profit before overhead, payroll, taxes, and interest of 0.
Element 29 Resources has accumulated about 3.35 M in cash with (2.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04.
Roughly 23.0% of the company shares are held by company insiders
Thematic IdeaCopper (view all)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Element 29's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Element 29 Resources [EMTRF] is traded as part of a regulated electronic over-the-counter service offered by the NASD. The company currently falls under 'Micro-Cap' category with a current market capitalization of 11.2 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Element 29's market, we take the total number of its shares issued and multiply it by Element 29'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. Element 29 Resources classifies itself under Basic Materials sector and is part of Copper industry. The entity has 79.24 M outstanding shares of which 0 shares are currently shorted by private and institutional investors with about 0.0 days to cover all short positions. Element 29 Resources has accumulated about 3.35 M in cash with (2.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04.
Check Element 29 Probability Of Bankruptcy
Ownership
Element 29 holds a total of seventy-nine million two hundred fourty thousand eight hundred ninety-six outstanding shares. Element 29 Resources retains 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 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. Please note that no matter how much 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.

Ownership Allocation (%)

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Element Stock Price Odds Analysis

What are Element 29's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Element 29 jumping above the current price in 90 days from now is about 81.91%. The Element 29 Resources probability density function shows the probability of Element 29 otc stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Element 29 Resources has a beta of -0.3629 suggesting as returns on benchmark increase, returns on holding Element 29 are expected to decrease at a much lower rate. During the bear market, however, Element 29 Resources is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Element 29 Resources is significantly underperforming NYSE Composite.
  Odds Below 0.16HorizonTargetOdds Above 0.16
18.03%90 days
 0.16 
81.91%
Based on a normal probability distribution, the odds of Element 29 to move above the current price in 90 days from now is about 81.91 (This Element 29 Resources probability density function shows the probability of Element OTC Stock to fall within a particular range of prices over 90 days) .

Element 29 Resources Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Element 29 market risk premium is the additional return an investor will receive from holding Element 29 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 Element 29. 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 Element 29's alpha and beta are two of the key measurements used to evaluate Element 29's performance over the market, the standard measures of volatility play an important role as well.

Element Stock Against Markets

Picking the right benchmark for Element 29 otc 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 Element 29 otc 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 Element 29 is critical whether you are bullish or bearish towards Element 29 Resources at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Element 29 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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Invested in Element 29 Resources?

The danger of trading Element 29 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 Element 29 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 Element 29. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Element 29 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.
Continue to Investing Opportunities. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Element 29 Resources price analysis, check to measure Element 29'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 Element 29 is operating at the current time. Most of Element 29's value examination focuses on studying past and present price action to predict the probability of Element 29's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Element 29's price. Additionally, you may evaluate how the addition of Element 29 to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Element 29's value and its price as these two are different measures arrived at by different means. Investors typically determine Element 29 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Element 29'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.