Goldmoney (TSE:XAU) Shares Down 0.1% - What's Next?

Goldmoney Inc. (TSE:XAU - Get Free Report) saw its shares decline by 0.1% during mid-day trading on Thursday. The stock reached a low of C$7.69 before ending the day at the same price. In total, 3,457 shares were exchanged, reflecting a drop of 68% compared to the average trading volume of 10,866 shares, with the previous closing price being C$7.70.

Goldmoney Trading Down 0.1%

The company has a quick ratio of 6.53, indicating it can cover its short-term obligations comfortably. Its current ratio stands at 1.85, which is also healthy, while the debt-to-equity ratio is 26.11, indicating that the company relies on some debt to fund its operations. Goldmoney's 50-day moving average price is C$8.51, and the 200-day moving average price is C$8.55. The firm is valued at a market capitalization of C$101.43 million and has a negative price-to-earnings ratio of -5.61, along with a beta of -0.78, suggesting lower volatility compared to the market.

Goldmoney Company Profile

Goldmoney Inc. is involved in the sale of precious metals and coin retailing across the globe. The company operates through two main segments: Goldmoney.com and Schiff Gold. Goldmoney.com is an online platform that allows clients to manage their holdings of physical precious metals, facilitating the buying and selling of these materials while offering solutions for custody and storage. The company deals directly with clients for the purchase and sale of precious metals in bars, coins, and wafers, ensuring direct delivery to customers.

Should You Invest in Goldmoney?

Before making any investment decisions regarding Goldmoney, it's beneficial to evaluate current analyst recommendations. At present, Goldmoney is rated as a "Hold" by analysts, indicating a cautious outlook. Research reports have highlighted five other stocks that top analysts consider more promising investments at this time.

In conclusion, while Goldmoney's recent stock performance shows a minor decline, the company's fundamentals suggest it has a stable financial position. Investors should keep an eye on market trends and analyst recommendations before proceeding.

Goldmoney, Stocks, Trading