Pirate Gold Corp. has experienced a notable price change recently, reflecting broader market sentiments.
This week, Pirate Gold Corp. (YARR.V) saw its stock price close at C$0.17, marking a 6.25% increase in a single day, despite a noticeable decline of 12.82% over the past week. This fluctuation raises questions about the underlying factors affecting the company's performance in the market.
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Pirate Gold Corp.
YARR.V
YARR.V
Pirate Gold Corp.
WealthAwesomeMarket cap
$81.30M
52W high
$0.39
52W low
$0.16
1W change
-12.82%
Beta
2.68
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on YARR's historical volatility
30-Day Vol
60.1%
Annualized
90-Day Vol
74.9%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.14
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.16 | C$0.13 – C$0.20 |
| 60 trading days | C$0.15 | C$0.11 – C$0.20 |
| 90 trading days | C$0.14 | C$0.10 – C$0.20 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should consider the broader market conditions and the technical indicators as they assess the potential risks and opportunities associated with Pirate Gold Corp. stock.
Market Cap at C$81.3 Million
With a market cap of C$81.3 million, Pirate Gold Corp. remains a small player in the mining sector, and its financial metrics indicate significant challenges ahead.
Bull case
The recent price increase could signal a short-term recovery or market correction. This might be a good entry point for investors looking for value in the mining sector.
Bear case
Despite the one-day gain, the overall downward trend over the past month and year suggests ongoing challenges for the company, which could deter some investors.
Recent Stock Performance
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Pirate Gold Corp. has experienced a 6.25% increase in its stock price on Tuesday, closing at C$0.17. However, this gain comes against a backdrop of a 12.82% decline over the past week and a more significant 17.07% drop in the last month. Year-to-date, the stock is down 26.09%, indicating ongoing challenges for the company.
Technical Picture
The technical indicators for Pirate Gold Corp. reveal a concerning trend. The stock is currently trading below its 50-day moving average of C$0.21, representing an 18.3% deviation. Additionally, it is 27.3% below the 200-day moving average of C$0.23. The stock has a 52-week range of C$0.16 to C$0.39, with the current price at just 4% of this range. With a beta of 2.68, the stock is more volatile than the market, which could present both risks and opportunities for investors.
Volume and Market Metrics
Pirate Gold Corp. recorded a trading volume of 370,825 shares, which is slightly below its 20-day average volume of 421,565 shares, indicating a volume ratio of 0.88x. The company's market cap stands at approximately C$81.3 million, with a profit margin of 0.0% and a return on equity (ROE) of -178.3%. The trailing twelve months (TTM) earnings per share (EPS) is reported at -0.04, reflecting the financial difficulties faced by the company.
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