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

Goldmoney Inc. (TSE:XAU) has marked a significant achievement by reaching a new 52-week high on Monday. The stock reached a peak value of C$10.15 before settling at C$10.02, with a trading volume of 7,813 shares. This number comes after a previous closing price of C$10.17.

Goldmoney Stock Down 1.4 %

Despite the recent highs, Goldmoney's stock experienced a decline, closing down by 1.4%. The company currently holds a market capitalization of C$132.30 million, with a price-to-earnings (PE) ratio of -7.32 and a beta of -0.78. Financially, Goldmoney shows a debt-to-equity ratio of 26.11, a current ratio of 1.85, and a quick ratio of 6.53. The fifty-day moving average price for the stock is C$9.26, while the two-hundred-day moving average is C$8.30.

Goldmoney recently released its earnings report on July 31st, revealing earnings of C$0.51 per share for the latest quarter. However, the company reported a concerning negative net margin of 27.72% and a negative return on equity of 11.80%. The total revenue for the quarter stood at C$27.24 million. Analysts project a rather modest outlook, expecting an EPS of -0.06 for the current fiscal year.

Insider Activity at Goldmoney

In recent developments, Roy Sebag, a director at Goldmoney, purchased 10,000 shares of the company's stock on August 6th. This transaction occurred at an average share price of C$8.09, amounting to a total investment of C$80,920. Insider ownership remains substantial, with company insiders holding 34.39% of the stock.

About Goldmoney

Goldmoney Inc. specializes in precious metals sales, including retailing and lending on a global scale. The company operates through two key segments: Goldmoney.com and Schiff Gold. The Goldmoney.com platform offers clients the ability to buy and sell physical precious metals, along with custody and storage solutions. Additionally, Goldmoney facilitates transactions in precious metals, such as bars, coins, and wafers with direct delivery options to clients.

Should you invest $1,000 in Goldmoney right now?

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