Goldmoney (TSE:XAU) Reaches New 12-Month High - Still a Buy?

Goldmoney Inc. (TSE:XAU) has achieved a remarkable feat by reaching a new 52-week high as of Monday, trading at a peak of C$10.15 before settling down to C$10.02 with a volume of 7,813 shares traded. In comparison, the stock had previously closed at C$10.17.

Goldmoney Stock Declines 1.4%

The company currently boasts a market capitalization of C$132.30 million, with a price-to-earnings (PE) ratio of -7.32 and a beta of -0.78, indicating relatively stable performance in the market. Goldmoney has a debt-to-equity ratio of 26.11 alongside a current ratio of 1.85 and a quick ratio of 6.53, suggesting solid liquidity. The stock's fifty-day moving average stands at C$9.26, while the 200-day moving average is C$8.30.

Goldmoney recently published its earnings results on July 31. For the quarter, the company reported earnings per share (EPS) of C$0.51. However, it also faced challenges with a negative net margin of 27.72% and a negative return on equity standing at 11.80%. The company recorded a revenue of C$27.24 million during the same quarter. Analysts are projecting that Goldmoney may post an EPS of -0.06 for the current fiscal year.

Insider Transactions at Goldmoney

In other noteworthy developments, on August 6, Director Roy Sebag procured 10,000 shares of Goldmoney's stock, acquiring them at an average price of C$8.09 each, totaling C$80,920. This acquisition reflects a significant investment and confidence in the company, with insiders currently holding 34.39% of the company's shares.

About Goldmoney

Goldmoney Inc. specializes in the sale of precious metals and provides services such as retailing coins and lending on a global scale. It operates via two primary segments: Goldmoney.com, which is an online platform where customers can buy, sell, and manage their physical precious metal assets, and Schiff Gold, which focuses on the direct sale of precious metals in various forms like bars and coins.

Should You Invest in Goldmoney?

Before deciding to invest in Goldmoney, potential investors may want to consider various factors. MarketBeat conducts daily monitoring of prominent research analysts and the stocks they recommend. Currently, Goldmoney is assigned a "hold" rating among analysts, indicating a cautious stance regarding its stock performance. Interestingly, analysts highlight five other stocks as potentially better investment opportunities.

In conclusion, while Goldmoney has reached a new high, careful analysis and consideration of broader market trends are essential for any potential investor.

Goldmoney, Stock, Investment