Connect with us

Precious Metals

Here’s the Things Nobody Tells You About: Waitr Holdings Inc. (NASDAQ:WTRH -8.47%), Kinross Gold Corporation (NYSE:KGC -0.84%)

There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well…

Share this article:

Published

on

This article was originally published by Stocks Equity

There are two main reasons why moving averages are useful in forex trading:

  • moving averages help traders define trend
  • recognize changes in trend.

Now well have a look on, SMA50 & SMA200

The 50-day simple moving average (SMA) is used by traders as an effective trend indicator.

WTRH has seen its SMA50 which is now -27.83%. In looking the SMA 200 we see that the stock has seen a -57.94%.

KGC has seen its SMA50 which is now -3.86%. In looking the SMA 200 we see that the stock has seen a -15.02%.

HOW TO USE THE 200 SMA WITH THIS FOREX STRATEGY

Now as an added measure to ensure you only trade with the main trend, the 200 SMA can be used a further filter.

  • if 10 and 20 SMA are above the 200 SMA only take long positions.
  • if 10 and 20 SMA are below the 200 SMA only take short positions.

On 09-08-2021 (Wednesday) Shares of Waitr Holdings Inc. (NASDAQ:WTRH) encountered a difference of -8.47% after which it shut the day’ session at $1.08. The volume added 10,876,967 shares which compares with the average volume of 4.12M shares.

Waitr Holdings Inc., a USA based Company, belongs to Software – Application sector industry. Shares of Waitr Holdings Inc. was among the active stocks of the last exchanging sessions.

Unpredictability:

The stock value instability stayed at 10.26% in recent month and ranges at 8.44% for the week. The Average True Range (ATR) is also a measure of volatility is presently sitting at 0.12. The firm demonstrates the market capitalization of $147.17M.

Important Results:

Waitr Holdings Inc. has P/S value of 0.74 while its P/B esteem remains at 1.47. Likewise, the company has Return on Assets of 12.30%, Return on Equity of -2.30% and Return on Investment of 14.60%. The company demonstrates Gross Margin and Operating Margin of 0 and 6.00% respectively.

Forward P/E of Waitr Holdings Inc. is remaining at 0. Forward P/E is a measure of the price-to-earnings ratio using forecasted earnings for the P/E calculation for the next fiscal year.

Technical Analysis of Waitr Holdings Inc. WTRH:

The stock price moved with change of 3.85% to its 50 Day low spot and changed -46.53% contrasting with its 50 Day high point. WTRH stock is as of now appearing down return of -8.53% all through a week ago and saw bearish return of -27.61% in one month span. The execution of company -50.21% in three months and -58.89% throughout the previous a half year exchanging period.

Tracking the closing price and 52-week high, the current price movement shows that the stock price positioned negative when compared against the 52-week high. As close of recent trade, stock represents -76.52%move from 52-week high. Tracing the 52-week low position of the stock, we noted that the closing price represents a 3.85% higher distance from that low value. Technical analysts compare a stock’s current trading price to its 52-week range to get a broad sense of how the stock is doing, as well as how much the stock’s price has fluctuated. This information may indicate the potential future range of the stock and how volatile the shares are.

Kinross Gold Corporation (NYSE:KGC)’s Analysis & Performances to Discover

Kinross Gold Corporation, belongs to Basic Materials sector and Gold industry. The company’s total Outstanding Shares of 1.26B. KGC flaunted -0.84% to reach at $5.92 during previous trading session. The company has experienced volume of 9,733,971 shares while on average the company has a capacity of trading 12.73M share.

Observing the Technical Indicators:

Kinross Gold Corporation institutional ownership is held at 69.90% while insider ownership was 0.23%. As of now, KGC has a P/S, P/E and P/B values of 1.70, 5.86 and 1.10 respectively. Its P/Cash is valued at 10.85.

The Company’s net profit margin for the 12 months at 30.00%. Comparatively, the gazes have a Gross margin 39.10%.

Profitability ratios:

Looking into the profitability ratios of KGC stock, an investor will find its ROE, ROA, ROI standing at 19.90%, 12.30% and 15.70%, respectively.

Reading RSI Indicator

Kinross Gold Corporation (KGC) attained alert from day Traders as RSI reading reached at 45.15. Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings, and centerline crossovers. RSI can also be used to identify the general trend. These traditional levels can also be adjusted to better fit the security or analytical requirements. Raising overbought to 80 or lowering oversold to 20 will reduce the number of overbought/oversold readings. Short-term traders sometimes use 2-period RSI to look for overbought readings above 80 and oversold readings below 20.

Earnings per Share Details of Kinross Gold Corporation:

The EPS of KGC is strolling at 1.02, measuring its EPS growth this year at 71.20%. As a result, the company has an EPS growth of 92.60% for the approaching year.

Given the importance of identifying companies that will ensure earnings per share at a tall rate, we later obsession to umpire how to identify which companies will achieve high amassing rates. One obvious showing off to identify high earnings per portion count together companies are to locate companies that have demonstrated such build up beyond the p.s. 5 to 10 years.

What Does the Payout Ratio Tell You?

The payout ratio is a key financial metric used to determine the sustainability of a company’s dividend payments. It is the amount of dividends paid to shareholders relative to the total net income of a company.

Formula for the Payout Ratio Is

“Payout Ratio = Dividends / Earnings”

Is It Overvalued? Look at the Payout Ratio of WTRH, KGC

The payout ratio shows the proportion of earnings paid out as dividends to shareholders, typically expressed as a percentage of the company’s earnings. The payout ratio can also be expressed as dividends paid out as a proportion of cash flow. The payout ratio is also known as the dividend payout ratio. WTRH has a Payout Ratio of 0 and KGC has a Payout Ratio of 11.70%.

The post Here’s the Things Nobody Tells You About: Waitr Holdings Inc. (NASDAQ:WTRH -8.47%), Kinross Gold Corporation (NYSE:KGC -0.84%) appeared first on Stocks Equity.

Precious Metals

O2Gold Shares Rise 7.14% After Reporting Intersects 20.11 g/t Gold Over 0.7 Metres At Aurora

O2Gold (TSXV: OTGO) last night reported on its first drill results from its Aurora Property in Colombia…

Share this article:

O2Gold Shares Rise 7.14% After Reporting Intersects 20.11 g/t Gold Over 0.7 Metres At Aurora

O2Gold (TSXV: OTGO) last night reported on its first drill results from its Aurora Property in Colombia. The firm had previously halted trading in its equity due to the assay results received.

The first drill hole reported by the company comes from the Aurora Tunnel within the Main Aurora Vein, where O2Gold encounter 20.11 g/t gold and 3.30 g/t silver over 0.7 metres, within a larger interval of 9.19 g/t gold and 1.89 g/t silver over 1.6 metres. Mineralization was encountered at just 97.4 metres of depth.

The hole, referred to as AUR-21-001, also encountered 12.30 g/t silver over 3 metres, at a depth of just 8.70 metres within fragmented quartz veins. The hole was drilled to a total depth of 220 metres.

The hole marks the first within an ongoing 8,000 metre drill campaign, which currently has two drills turning on the firms property. Four holes have been completed to date, with assays pending on three holes presently.

O2Gold last traded at $0.21 on the TSX Venture.


Information for this briefing was found via Sedar and O2Gold Inc. The author is currently long the equity. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post O2Gold Intersects 20.11 g/t Gold Over 0.7 Metres At Aurora appeared first on the deep dive.

Continue Reading

Articles

Top Silver Stocks To Watch This Week

Will These Silver Stocks Go Up? The market for silver stocks has…
The post Top Silver Stocks To Watch This Week appeared first on Gold Stocks to Buy,…

Share this article:

Will These Silver Stocks Go Up?

The market for silver stocks has been quite an interesting one to watch in the market in recent times. The pandemic caused silver assets to skyrocket in price throughout the last year and a half. The percentage gains for many silver assets were higher than gold stocks. This brought a lot of new investors to the metal that may have overlooked it before. One other recent event also brought a lot of new people to silver investing. You have certainly heard of the GameStop situation where Reddit traders boosted the price of the stock.

Well in early February the same thing happened to silver prices as a result of retail traders according to the mainstream media. But Reddit traders quickly stated that it was not their doing. This caused the price of the metal to pull back. What this did do, was attract a lot of new eyes and investors to silver related assets. The price of silver has been able to remain relatively stable at the moment.

So what else is affecting silver prices? Jobless reports often affect the price of silver and gold. It will be interesting to see the effect that unemployment and the economy has on the metal in the future. There are many great silver stocks to watch at the moment despite the volatility in the market. Let’s take a look at four silver stocks that show market potential right now.

Top Silver Stocks To Watch

  1. First Majestic Silver Corp. (NYSE: AG)
  2. Fortuna Silver Mines Inc. (NYSE: FSM)
  3. Endeavour Silver Corp. (NYSE: EXK)

First Majestic Silver Corp. (NYSE: AG)

First Majestic Silver Corp. is a mining company that primarily focuses on acquisition of land, exploration, development, and production of mineral assets. The company’s biggest projects include silver production in Mexico. Currently, First Majestic has 100% interest in the San Simas mine, Santa Elena mine, and holds interest a variety of other land too.

On August 16th, First Majestic reported its second quarter financial results for 2021. The company’s revenue achieved a new record, at $154.1 million. Its average realized silver price per ounce increased quarter over quarter as well.

President and CEO Keith Neumeyer said, “As a result of the higher revenues, our quarterly dividend increased by approximately 33% when compared to the prior quarterly payment. The mining units generated $29.4 million in mine operating earnings due to strong production and higher realized metal prices.” With this in mind, is AG stock a contender for your list of silver stocks to watch?

Fortuna Silver Mines Inc. (NYSE: FSM)

Fortuna Silver Mines Inc. is a mining corporation with a focus on exploration, extraction, and processing of precious metals. It actively explores for gold, silver, zinc, and lead. Its main properties include the Caylloma and San Jose mines, as well as the Lindero gold project in Argentina.

On June 28th, Fortuna and Roxgold Inc. announced a business combination. President and CEO of Fortuna Jorge A. Ganoza said, “The successfully completed business combination creates a low-cost intermediate gold and silver producer with four operating mines and a permitted development project. The company will benefit from a robust exploration pipeline and expanded presence in the Americas and West Africa, two of the fastest growing precious metals producing regions in the world.”

On September 20th, the company announced changes in its management team. David Volkert retired as the VP of Exploration in Latin America, which goes into effect on September 30th. Other than this, the company has not released a large amount of recent updates. So now it will be interesting to see where FSM stock goes from here. Will you add FSM to your silver stock watchlist?

Endeavour Silver Corp. (NYSE: EXK)

Endeavour Silver Corp. is a silver stock that just went up in the market. This company acquires land, explores it, and develops it. Endeavour works on the processing, refining, and reclamation at its mineral properties. Most of Endeavour’s primary assets are located in both Mexico and Chile. Endeavour for the most part only searches for silver and gold at its mines.

Back in August, the company announced its second-quarter financial results. The CEO of the company, Dan Dickson said, “From a financial standpoint, our Q2 performance was stronger than the respective period last year, as revenue, cash flow and earnings were all higher. However, our operating costs are clearly not where we want them to be. We are working to optimize our operating cost profile in the second half of 2021.”

Endeavour’s metal production grew 80% during the quarter, and its gold production grew 92%. These numbers were in line with Endeavour’s guidance for the year. Its net revenue in the second quarter was up 136% to $47.7 million. Now the company has completed the acquisition of the Bruner Gold Project in Nye County, Nevada. With this in mind, will you add EXK to your mining stock list?

Silver Stocks To Watch

There are plenty of silver stocks to watch in the market in 2021. Some think that there is not an opportunity to invest in silver stocks at the moment, but there are still many companies with potential in the market.

The post Top Silver Stocks To Watch This Week appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

Continue Reading

Precious Metals

Inca One Gold Posts Record Production Figures For August 2021

Records continue to be beat by Inca One Gold (TSXV: INCA), whom this morning reported its best-ever processing results. The
The post Inca One Gold Posts…

Share this article:

Records continue to be beat by Inca One Gold (TSXV: INCA), whom this morning reported its best-ever processing results. The firm managed to post record production for the month of August, with production improving 163% on a year over year basis.

Production in August hit 6,838 tonnes, or 221 tonnes per day, the best ever monthly performance for the company. Production occurred at both of the firms plants, and beat the previous record of 6,581 tonnes.

Gold produced came in at 2,309 ounces, while ore deliveries amounted to 6,982 tonnes – which points to the potential for a very strong September for the company as well. Gold production was up 57% year over year, while deliveries improved 131%.

“It validates our business model and operational aptitude that we were able to so quickly and effectively deploy the working capital received from our second Gold Prepayment Facility received in the first week of August,” commented CEO Ed Kelly. “The Company, now armed with sufficient working capital, its only 10% off its record processing pace set in 2018,” he continued.

The results continue to be driven by the working capital the firm was able to access via a $9.0 million gold pre-payment facility. A similar facility drove record results for the firm in the months of May and July earlier this year, with the working capital expected to continue to provide strong results for the firm on a go-forward basis.

Inca One Gold last traded at $0.34 on the TSX Venture.


FULL DISCLOSURE: Inca One Gold Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Inca One Gold Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

The post Inca One Gold Posts Record Production Figures For August 2021 appeared first on the deep dive.

Continue Reading

Trending