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Argonaut Gold 12-1 Month Momentum %

: -86.51% (As of Today)
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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2022-08-19), Argonaut Gold's 12-1 Month Momentum % is -86.51%.

The industry rank for Argonaut Gold's 12-1 Month Momentum % or its related term are showing as below:

ARNGF's 12-1 Month Momentum % is ranked worse than
98.56% of 2427 companies
in the Metals & Mining industry
Industry Median: -31.40 vs ARNGF: -86.51

Competitive Comparison

For the Gold subindustry, Argonaut Gold's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.


Argonaut Gold 12-1 Month Momentum % Distribution

For the Metals & Mining industry and Basic Materials sector, Argonaut Gold's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Argonaut Gold's 12-1 Month Momentum % falls into.

Argonaut Gold  (OTCPK:ARNGF) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-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.

Argonaut Gold  (OTCPK:ARNGF) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

Argonaut Gold 12-1 Month Momentum % Related Terms

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Argonaut Gold Business Description

Argonaut Gold logo
Traded in Other Exchanges
9600 Prototype Court, Reno, NV, USA, 89521
Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are located in North America.

Argonaut Gold Headlines

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