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NGLD (Nevada Canyon Gold) Net Current Asset Value : $0.21 (As of Mar. 2025)


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What is Nevada Canyon Gold Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Nevada Canyon Gold's net current asset value per share for the quarter that ended in Mar. 2025 was $0.21.

The historical rank and industry rank for Nevada Canyon Gold's Net Current Asset Value or its related term are showing as below:

NGLD' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.23   Med: 8.77   Max: 62.5
Current: 4.96

During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nevada Canyon Gold was 62.50. The lowest was 3.23. And the median was 8.77.

NGLD's Price-to-Net-Current-Asset-Value is ranked better than
56.96% of 1034 companies
in the Metals & Mining industry
Industry Median: 6.105 vs NGLD: 4.96

Nevada Canyon Gold Net Current Asset Value Historical Data

The historical data trend for Nevada Canyon Gold's Net Current Asset Value can be seen below:

* 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.

* Premium members only.

Nevada Canyon Gold Net Current Asset Value Chart

Nevada Canyon Gold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.12 -0.04 -0.03 0.36 0.23

Nevada Canyon Gold Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.32 0.25 0.23 0.21

Competitive Comparison of Nevada Canyon Gold's Net Current Asset Value

For the Gold subindustry, Nevada Canyon Gold's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.


Nevada Canyon Gold's Price-to-Net-Current-Asset-Value Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nevada Canyon Gold's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Nevada Canyon Gold's Price-to-Net-Current-Asset-Value falls into.


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Nevada Canyon Gold Net Current Asset Value Calculation

Nevada Canyon Gold's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net Current Asset Value Per Share(A: Dec. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(7.549-1.314-0-0)/27.424
=0.23

Nevada Canyon Gold's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2025 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(7.215-1.307-0-0)/27.982
=0.21

* 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.


Nevada Canyon Gold  (OTCPK:NGLD) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Nevada Canyon Gold Net Current Asset Value Related Terms

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Nevada Canyon Gold Business Description

Traded in Other Exchanges
N/A
Address
5655 Riggins Court, Suite 15, Reno, NV, USA, 89502
Nevada Canyon Gold Corp is a junior precious metals exploration company. The company holds an interest in the Nevada and the Lazy Claims Property located within the Walker Lane shear zone, Loman Property located in Mineral County, Nevada, Agai-Pah Property located in the northwestern portion of the Gillis Range, within the Buckley Mining District, Belshazzar Property, Swales Property, Olinghouse Project, Palmetto Project, and others.
Executives
Jeffrey Cocks director, 10 percent owner, officer: President/CEO/CFO 118 8TH AVE. NW, CALGARY A0 T2M 0A4
Alan Day director 5655 RIGGINS COURT,, STE 15, RENO NV 89502
Ryan Mcmillan officer: VP of Operations 32565-B GOLDEN LANTERN ST. #500, DANA POINT CA 92629
Robert Frank List director 1120 NORTH TOWN CENTER DRIVE,, STE. 200, LAS VEGAS NV 89144
Bcim Management, Lp 10 percent owner 207 E. OHIO ST., SUITE 400, CHICAGO IL 60611
Michael S Levine director, 10 percent owner 201 SANTA MONICA BLVD, STE 200, SANTA MONICA CA 90401