Carnavale Resources (FRA:YBB) 6-Month Price Index : 0.50 (As of Jun. 23, 2024)

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What is Carnavale 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 (2024-06-23), Carnavale Resources's 6-Month Price Index is 0.50.

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

For the Other Industrial Metals & Mining subindustry, Carnavale 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.

Carnavale Resources (FRA:YBB) 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.

Carnavale Resources (FRA:YBB) 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.

Carnavale Resources 6-Month Price Index Related Terms

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Carnavale Resources (FRA:YBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Carnavale Resources Ltd (FRA:YBB) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

YBB:Germany CAV:Australia

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.carnavaleresources.com

Carnavale Resources Ltd is a mineral exploration company that focuses on exploring minerals associated with the electric battery sector and other technologies along with gold and copper. The projects of the company include Grey Dam Nickel-Cobalt Project; Mt Alexander (Barracuda Ni-Cu-Co-PGE) Project, Ora Banda South Project and Kookynie high-grade Gold project. Its operating segment includes Investing activities in Australia and Mineral Exploration in Australia. The company generates revenue from Investing activities in Australia.

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