Ultra Resources Corp., now known as Ultra Lithium Inc., continues to hold steady amidst limited market activity.
Ultra Resources Corp. (ULT.V), recently rebranded as Ultra Lithium Inc., has maintained its stock price at C$0.02 with no significant movement over the past week. The company has not released any new updates this week, which is common for small-cap firms in the materials sector.
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Ultra Resources Corp.
ULT.V
ULT.V
Ultra Resources Corp.
WealthAwesomeMarket cap
$2.87M
52W high
$0.03
52W low
$0.01
1W change
+0.00%
Beta
-0.35
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ULT's historical volatility
30-Day Vol
119.9%
Annualized
90-Day Vol
273.8%
Annualized
Trend (90d)
+0.0%
Annualized drift
90d Mean
C$0.02
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.02 | C$0.01 – C$0.03 |
| 60 trading days | C$0.02 | C$0.01 – C$0.04 |
| 90 trading days | C$0.02 | C$0.01 – C$0.04 |
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 note that while Ultra Lithium has not made recent headlines, its long-term projects, particularly in lithium extraction, remain relevant for the company's growth potential.
Market Cap of Approximately C$2.87 Million
With a market cap below C$3 million, Ultra Lithium remains a speculative investment, with significant risks associated with its financial performance and project execution.
Bull case
The positive brine sampling results from the Laguna Verde project in Argentina could indicate future growth opportunities for the company, especially as demand for lithium rises.
Bear case
The company's ongoing financial losses and lack of recent news may lead to caution among investors, particularly given its small market capitalization.
Price Action Overview
Ultra Resources Corp. (ULT.V) has seen no price movement this week, maintaining its last close at C$0.02. The stock has been stable over the past month and year-to-date, indicating a period of consolidation for the company.
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Recent Company News
No major news has been released by Ultra Resources Corp. this week. However, it is noteworthy that the company previously changed its name to Ultra Lithium Inc. on January 21, 2022, to better reflect its focus on lithium extraction.
Technical Picture
The technical picture for Ultra Resources shows a 50-day moving average of C$0.02, which is flat compared to the current price. The 200-day moving average stands at C$0.02, down 2% from the current price. The stock's 52-week range is between C$0.01 and C$0.03, indicating it is currently trading at the midpoint of its range. With a beta of -0.35, the stock is less volatile compared to the broader market.
Financial Overview
Ultra Resources Corp. currently has a market capitalization of approximately C$2.87 million. The company reported a profit margin of 0.0% and a return on equity (ROE) of -58.5%. The earnings per share (EPS) for the trailing twelve months (TTM) stands at -C$0.02, highlighting ongoing financial challenges.
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