Banro (BAA) 6-1 Month Momentum % : -71.43% (As of May. 06, 2024)

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What is Banro 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-06), Banro's 6-1 Month Momentum % is -71.43%.

The industry rank for Banro's 6-1 Month Momentum % or its related term are showing as below:

BAA's 6-1 Month Momentum % is not ranked
in the Metals & Mining industry.
Industry Median: -4.59 vs BAA: -71.43

Competitive Comparison of Banro's 6-1 Month Momentum %

For the Gold subindustry, Banro's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Banro's 6-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Banro's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Banro's 6-1 Month Momentum % falls into.

Banro (AMEX:BAA) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Banro (AMEX:BAA) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Banro 6-1 Month Momentum % Related Terms

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Banro (BAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Banro Corp (AMEX:BAA) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, Suite 7070, 1 First Canadian Place, Toronto, ON, CAN, M5X 1E3

Website

http://www.banro.com

Banro Corp is a Canadian gold mining company. Principally it focuses on exploration, development, and production of mineral properties in the Democratic Republic of the Congo. The company holds two gold producing mines Twangiza mines and Namoya mines and two advancing gold exploration projects which include Lugushwa project and Kamituga project. Twangiza mine property is located approximately 45 kilometers south-southwest of Bukavu in south Kivu Province whereas the Namoya mine property lies at the southern end of the Twangiza-Namoya gold belt in Maniema province. The company's Lugushwa project and Kamituga project, both are located in the southwest city of Bukavu.

Banro (BAA) Headlines

From GuruFocus

Banro Corporation – On the Doorstep of Major Gold Production

By CanadianValue CanadianValue • 08-26-2011