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Toubani Resources (ASX:TRE) 6-Month Price Index : 1.08 (As of May. 16, 2024)


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What is Toubani Resources 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-16), Toubani Resources's 6-Month Price Index is 1.08.

Competitive Comparison of Toubani Resources's 6-Month Price Index

For the Gold subindustry, Toubani Resources's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index 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.

Toubani Resources  (ASX:TRE) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* 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.

Toubani Resources  (ASX:TRE) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Toubani Resources 6-Month Price Index Related Terms

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Toubani Resources (ASX:TRE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toubani Resources Ltd (ASX:TRE) » Definitions » 6-Month Price Index
Comparable Companies
ASX:AUN ASX:MAT ASX:GDM ASX:CTO ASX:HMG ASX:WMG ASX:OZM ASX:GPR ASX:PGO ASX:NXM SHSE:601899 NEM TSX:ABX TSX:AEM TSX:FNV TSX:WPM MIC:PLZL SHSE:600547 JSE:GFI ASX:NST
Traded in Other Exchanges
FN3:Germany
Address
100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5
Website
https://www.toubaniresources.com
Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.

Toubani Resources (ASX:TRE) Headlines

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