Magnetic North: Top 10 Undervalued Capital Markets Industry Stocks (MNC)
Magnetic North is now ranked among the top 10 undervalued stocks in the Capital Markets industry on the Toronto Stock Exchange or TSX Venture Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company. Valuation methodology provided by Stockcalc (see below).
Capital Markets: Large, major investment houses offering investment banking, merchant banking, underwriting, brokerage, research, advisory, and trading services to broad-based national and international markets. Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| MATE-X | Blockmate Ventures | 0.04 | 0.08 | 0.04 (103.03) | 11,680 | 2.7 | 0 | 0 |
| DELX-X | Delphx Cap Markets | 0.14 | 0.27 | 0.13 (96.02) | 58,607 | 17.2 | 0 | 0 |
| DMGI-X | DMG Blockchain Solutions | 0.27 | 0.48 | 0.21 (76.23) | 173,851 | 45.2 | 0 | 0 |
| CXI-T | Currency Exchange Intl | 18.2 | 23.94 | 5.74 (31.55) | 1,927 | 119.4 | 0 | 9.7 |
| HIVE-X | HIVE Blockchain Techs | 4.77 | 5.95 | 1.18 (24.74) | 211,806 | 392.3 | 0 | 0 |
| FRNT-X | FRNT Financial | 0.38 | 0.71 | 0.34 (90.57) | 16,215 | 13.2 | 0 | 0 |
| SATO-X | SATO Technologies | 0.17 | 0.23 | 0.06 (36.83) | 12,682 | 12.4 | 0 | 0 |
| MNC-X | Magnetic North | 0.05 | 0.11 | 0.06 (122.47) | 6,928 | 3 | 0 | 0 |
| CBIT-X | Cathedra Bitcoin | 0.16 | 0.25 | 0.09 (54.32) | 55,127 | 15.8 | 0 | 0 |
| BKMT-X | Blockmint Technologies | 0.03 | 0.05 | 0.02 (56.18) | 14,775 | 1.4 | 0 | 0 |
More about Magnetic North
All data provided as-at market close October 24, 2022. The list is sorted by stocks with the greatest percentage difference between valuation and price. Magnetic North Black Bull Resources Inc is a Canadian based company, it is engaged in the business of mining, processing, and marketing quartz from its White Rock claim in Nova Scotia, Canada. Magnetic North is listed under MNC on the TSX Venture Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs. StockCalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. StockCalc's Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including: Discounted Cash Flow (DCF), Price & Other Comparables, Multiples, Adjusted Book Value (ABV) and Analyst Consensus
Artificial intelligence at Report on Business
Artificial Intelligence at Report on Business Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
