Oceanagold OTC Stock Today

OCANF
 Stock
  

USD 1.96  0.07  3.45%   

Market Performance
0 of 100
Odds Of Distress
Less than 40
Oceanagold Corp is trading at 1.96 as of the 29th of June 2022, a -3.45 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.95. Oceanagold Corp has about a 40 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 Oceanagold Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of July 2020 and ending today, the 29th of June 2022. Click here to learn more.
Fiscal Year End
December
Business Domain
Materials
IPO Date
5th of July 2007
Category
Basic Materials
Classification
Materials
ISIN
CA6752221037
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia. Oceanagold Corp operates under Gold classification in the United States and is traded on OTC Exchange.. The company has 704.2 M outstanding shares. More on Oceanagold Corp
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Oceanagold Corp 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Oceanagold Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Oceanagold Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Oceanagold Corp generated a negative expected return over the last 90 days
Oceanagold Corp may become a speculative penny stock
Oceanagold Corp has high historical volatility and very poor performance
Latest headline from www.theglobeandmail.com: The close Stocks post big gains to end strong week - The Globe and Mail
CEOMichael Wilkes
Thematic IdeaGold and Gold Mining (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 Oceanagold Corp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Oceanagold Corp [OCANF] is traded as part of a regulated electronic over-the-counter service offered by the NASD. The company currently falls under 'Mid-Cap' category with current market capitalization of 1.38 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Oceanagold Corp's market, we take the total number of its shares issued and multiply it by Oceanagold Corp'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 these looking for more risk prefer small-cap and mid-cap equities. Oceanagold Corp classifies itself under Basic Materials sector and is part of Gold industry. The entity has 704.2 M outstanding shares. Oceanagold Corp has accumulated about 194.7 M in cash with 357.6 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.28.
Check Oceanagold Corp Probability Of Bankruptcy
Ownership
Oceanagold Corp has a total of 704.2 Million outstanding shares. Over half of Oceanagold Corp outstanding shares are owned by third-party entities. These third-party entities are typically referred to corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Oceanagold Corp. Please watch out for any change in the institutional holdings of Oceanagold Corp as this could mean something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Oceanagold Ownership Details

Oceanagold Stock Price Odds Analysis

What are Oceanagold Corp's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Oceanagold Corp jumping above the current price in 90 days from now is about 98.0%. The Oceanagold Corp probability density function shows the probability of Oceanagold Corp otc stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Oceanagold Corp has a beta of 0.1297. This indicates as returns on the market go up, Oceanagold Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Oceanagold Corp will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Oceanagold Corp is significantly underperforming DOW.
  Odds Below 1.96HorizonTargetOdds Above 1.96
1.96%90 days
 1.96 
98.02%
Based on a normal probability distribution, the odds of Oceanagold Corp to move above the current price in 90 days from now is about 98.0 (This Oceanagold Corp probability density function shows the probability of Oceanagold OTC Stock to fall within a particular range of prices over 90 days) .

Oceanagold Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Oceanagold Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Oceanagold Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Oceanagold Corp's value.
InstituionSecurity TypeTotal SharesValue
Roanoke Asset Management CorpCommon Shares200 K444 K
Captrust Financial AdvisorsCommon SharesKK
View Oceanagold Corp Diagnostics

Oceanagold Corp Risk Profiles

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

Oceanagold Stock Against Markets

Picking the right benchmark for Oceanagold Corp 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 Oceanagold Corp 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 Oceanagold Corp is critical whether you are bullish or bearish towards Oceanagold Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oceanagold Corp without increasing your portfolio risk or giving up 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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Oceanagold Corp Corporate Directors

Oceanagold Corp corporate directors refer to members of an Oceanagold Corp board of directors. The board of directors generally takes responsibility for the Oceanagold Corp'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 Oceanagold Corp's board members must vote for the resolution. The Oceanagold Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Nora Scheinkestel - Non-Executive DirectorProfile
Craig Nelsen - Non-Executive DirectorProfile
Jose Leviste - Non-Executive Independent DirectorProfile
Ian Reid - Non-Executive DirectorProfile

Investing Oceanagold Corp

You need to understand the risk of investing before taking a position in Oceanagold Corp. The danger of trading Oceanagold 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 Oceanagold Corp 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 Oceanagold Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oceanagold 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.
Please check Your Equity Center. Note that the Oceanagold Corp information on this page should be used as a complementary analysis to other Oceanagold Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Oceanagold Corp price analysis, check to measure Oceanagold Corp'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 Oceanagold Corp is operating at the current time. Most of Oceanagold Corp's value examination focuses on studying past and present price action to predict the probability of Oceanagold Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Oceanagold Corp's price. Additionally, you may evaluate how the addition of Oceanagold Corp to your portfolios can decrease your overall portfolio volatility.
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Is Oceanagold Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oceanagold Corp. If investors know Oceanagold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oceanagold Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
4.5
Market Capitalization
1.4 B
Quarterly Revenue Growth YOY
0.92
Return On Assets
0.0145
Return On Equity
0.0367
The market value of Oceanagold Corp is measured differently than its book value, which is the value of Oceanagold that is recorded on the company's balance sheet. Investors also form their own opinion of Oceanagold Corp's value that differs from its market value or its book value, called intrinsic value, which is Oceanagold Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oceanagold Corp's market value can be influenced by many factors that don't directly affect Oceanagold Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oceanagold Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Oceanagold Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceanagold Corp'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.