Nevada Canyon Gold Corp

PINK:NGLD USA Gold
Market Cap
$34.30 Million
Market Cap Rank
#25459 Global
#8692 in USA
Share Price
$1.27
Change (1 day)
-4.22%
52-Week Range
$1.27 - $1.53
All Time High
$8.40
About

Nevada Canyon Gold Corp., a natural resource company, engages in the exploration, development, and production of mineral resources. It primarily explores for gold deposits. The company holds interests in the Lazy Claims property that consist of three claims covering approximately 60 acres located in Mineral County, Nevada; the Loman property, which includes 27 unpatented mining claims covering an… Read more

Nevada Canyon Gold Corp - Asset Resilience Ratio

Latest as of December 2022: 8.30%

Nevada Canyon Gold Corp (NGLD) has an Asset Resilience Ratio of 8.30% as of December 2022. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing.

Liquid Assets
$156.81K
Cash + Short-term Investments
Total Assets
$1.89 Million
All company assets
Resilience Assessment
Low
Financial Resilience Level

Asset Resilience Ratio Trend (2017–2022)

This chart shows how Nevada Canyon Gold Corp's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.

Liquid Assets Composition Over Time

This chart breaks down Nevada Canyon Gold Corp's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.

Current Liquid Assets Breakdown

Component Amount % of Total Assets
Cash & Equivalents $0.00 0%
Short-term Investments $156.81K 8.3%
Total Liquid Assets $156.81K 8.30%

Asset Resilience Insights

  • Limited Liquidity: Nevada Canyon Gold Corp maintains only 8.30% of assets in liquid form.
  • This low level may indicate efficient asset utilization but could pose risks during economic downturns.
  • The company has significant short-term investments, indicating active treasury management.

Nevada Canyon Gold Corp Industry Peers by Asset Resilience Ratio

Compare Nevada Canyon Gold Corp's asset resilience ratio with other companies in the same industry.

Company Industry Asset Resilience Ratio
Gold Royalty Corp.
NYSE MKT:GROY
Gold 0.76%
Gold Fields Limited
PINK:GFIOF
Gold 0.00%
Guskin Gold Corp
PINK:GKIN
Gold 13.37%
Mining Global Inc
PINK:MNGG
Gold 0.00%
Matmown Inc
PINK:MTMW
Gold 0.00%
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
Gold 4.22%
Bahvest Resources Bhd
KLSE:0098
Gold 31.41%

Annual Asset Resilience Ratio for Nevada Canyon Gold Corp (2017–2022)

The table below shows the annual Asset Resilience Ratio data for Nevada Canyon Gold Corp.

Year Asset Resilience Ratio (%) Liquid Assets Total Assets Change
2022-12-31 8.30% $156.81K $1.89 Million -7.37pp
2021-12-31 15.67% $318.42K $2.03 Million -31.06pp
2020-12-31 46.74% $794.54K $1.70 Million --
2017-12-31 0.00% $0.00 $1.42 Million --
pp = percentage points