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NewOrigin Gold (NewOrigin Gold) 6-Month Price Index : 1.22 (As of Jun. 17, 2024)


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What is NewOrigin Gold 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 (2024-06-17), NewOrigin Gold's 6-Month Price Index is 1.22.

Competitive Comparison of NewOrigin Gold's 6-Month Price Index

For the Gold subindustry, NewOrigin Gold'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.

NewOrigin Gold  (OTCPK:TROIF) 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.

NewOrigin Gold  (OTCPK:TROIF) 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.

NewOrigin Gold 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of NewOrigin Gold's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

NewOrigin Gold (NewOrigin Gold) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NewOrigin Gold Corp (OTCPK:TROIF) » Definitions » 6-Month Price Index
Comparable Companies
TSXV:VKG.H TSXV:IMR TSXV:AML TSXV:ABM XCNQ:DEEP TSXV:SXL XCNQ:FFF XCNQ:MINA TSXV:DMR TSXV:EAU SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 MIC:PLZL JSE:GFI ASX:NST
Traded in Other Exchanges
NEWO:Canada
Address
110 Yonge Street, Dennis Peterson, Suite 1601, Toronto, ON, CAN, M5C 1T4
Website
https://www.neworigingold.com
NewOrigin Gold Corp's strategy is to stake or acquire early-stage, under-explored precious metals properties in prospective mining camps. The company aims to create shareholder value by leveraging management's broad experience to make new economic gold discoveries on the under-explored properties. It is focused on exploring its flagship Sky Lake Project in the past producing Pickle Lake Mining Camp in northwestern, Ontario. The company's project portfolio includes the North Abitibi Project, South Abitibi Project, the Nipissing Cobalt Property, the Kinebik Gold Project.

NewOrigin Gold (NewOrigin Gold) Headlines

From GuruFocus

NewOrigin Gold Announces Closing of Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 12-20-2022