Goldmoney (TSE:XAU) Sets New 1-Year High - Here's What Happened

Goldmoney Inc. (TSE:XAU) achieved a remarkable milestone on Monday by reaching a new 52-week high. The stock peaked at C$10.15 before settling at C$10.02, with a trading volume of 7,813 shares. The previous close for the stock was C$10.17.

Goldmoney Stock Performance

Despite this high, the stock experienced a slight decline of 1.4%. Goldmoney currently holds a market capitalization of C$132.30 million. Its price-to-earnings (PE) ratio is -7.32, and it has a beta value of -0.78. The company's financial ratios indicate a debt-to-equity ratio of 26.11, a current ratio of 1.85, and a quick ratio of 6.53. Additionally, Goldmoney's fifty-day and two-hundred-day moving averages are C$9.26 and C$8.30, respectively.

Goldmoney reported its latest earnings results on July 31st, revealing that it generated C$0.51 earnings per share (EPS) for the quarter. However, it faced challenges with a negative net margin of 27.72% and a negative return on equity of 11.80%. The company recorded revenue of C$27.24 million for the quarter. Analysts predict that Goldmoney Inc. will have a projected EPS of -0.06 for the current fiscal year.

Insider Buying Activity

In other significant developments, Director Roy Sebag acquired 10,000 shares of Goldmoney’s stock on August 6th. The shares were purchased at an average price of C$8.09, totaling C$80,920. Notably, 34.39% of the company's stock is owned by insiders.

About Goldmoney Inc.

Goldmoney Inc. operates in the precious metals sector, focusing on the sales, retailing, and lending of coins and bullion worldwide. The company functions through two primary segments: Goldmoney.com and Schiff Gold. Through Goldmoney.com, clients gain access to an online platform for buying and selling physical precious metals, alongside options for custody and storage. The company specializes in dealing physical precious metals, offering bars, coins, and wafers with direct delivery to clients.

Investment Considerations

As investors consider their options, it's important to note that while Goldmoney maintains a "hold" rating among analysts, some experts highlight other stocks as potential better buys. With market shifts constantly happening, it’s recommended for investors to stay informed about market trends and updates.

Goldmoney, Stocks, Investment