Silver North Resources (TSXV:SNAG) Momentum Rank : 0 (As of Dec. 15, 2024)

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What is Silver North Resources Momentum Rank?

Silver North Resources has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

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Silver North Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver North Resources Ltd (TSXV:SNAG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TARSF:USA I90:Germany

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.silvernorthres.com

Silver North Resources Ltd has made new silver discoveries in the Keno Hill Silver District of the Yukon at its Haldane Project, where high-grade silver has been identified in drilling at three target areas. The Company also holds the Tim silver property in southern Yukon, where partner-funded exploration has identified high-grade silver mineralization from the Silvertip mine. Silver is a critical component in today's economy due to its myriad of industrial uses. This is only expected to continue, driving long-term growth and the demand for silver. Silver North is ideally positioned to further prove out and expand upon its discoveries, at the stage of the mining development curve traditionally associated with the value increases for shareholders.

Executives

Mark Thomas Brown	Director
Jason Weber	Director, Senior Officer
Robert Andrew Duncan	Senior Officer

Silver North Resources Headlines

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