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TGOLF (Thunder Gold) 6-1 Month Momentum % : -1.01% (As of Dec. 12, 2024)


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What is Thunder Gold 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 (2024-12-12), Thunder Gold's 6-1 Month Momentum % is -1.01%.

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

TGOLF's 6-1 Month Momentum % is ranked better than
84.61% of 2540 companies
in the Metals & Mining industry
Industry Median: -11.11 vs TGOLF: -1.01

Competitive Comparison of Thunder Gold's 6-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Thunder Gold'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.


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

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

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



Thunder Gold  (OTCPK:TGOLF) 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.


Thunder Gold  (OTCPK:TGOLF) 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.


Thunder Gold 6-1 Month Momentum % Related Terms

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Thunder Gold Business Description

Traded in Other Exchanges
Address
128-1100 Memorial Avenue, Thunder Bay, ON, CAN, P7B 4A3
Thunder Gold Corp is a junior exploration company. The company's flagship property is the Tower Mountain gold project, located in northwestern Ontario, fifty km west of Thunder Bay. The firm also holds a 100% interest in the Pen Property (Au) and the Seagull Lake Property (PGEs), both located in northwestern ON. In addition, the Company has optioned the following properties to other companies: Okohongo (Cu-Ag) and Dorwit (Cu-Ag) in Namibia, Vanguard-Iris Lake (Au), and Far Lake (CuAg) in ON, and the Startrek (Au-Ag) property in NF.