Ridgeline Minerals Corp
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Let's analyse Ridgeline Minerals Corp together

Penke I guess you are interested in Ridgeline Minerals Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Ridgeline Minerals Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Ridgeline Minerals Corp (30 sec.)

What can you expect buying and holding a share of Ridgeline Minerals Corp? (30 sec.)

How much money do you get?

C$0.00

When do you have the money?

1 year

How often do you get paid?

0.0%

What is your share worth?

Current worth

C$0.10

Expected worth in 1 year

C$0.12

How sure are you?

100.0%

+ What do you gain per year?

Total Gains per Share

C$0.02

Return On Investment

16.1%

For what price can you sell your share?

Current Price per Share

C$0.14

Expected price per share

C$0.13 - C$0.125

How sure are you?

50%

1. Valuation of Ridgeline Minerals Corp (5 min.)

Live pricePrice per Share (EOD)

C$0.14

Book Value per Share

C$0.10

Intrinsic Value Per Share

C$-0.60 - C$-0.71

Total Value Per Share

C$-0.50 - C$-0.61

My calculation of the intrinsic value of Ridgeline Minerals Corp is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 3Y: (C$-0.05)
The change per quarter (trend) of the Free Cash Flow Per Share is 3Y: (C$-0.01)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	C$-0.05	C$-0.05	C$-0.05 - C$-0.05
2	C$-0.10	C$-0.11	C$-0.06 - C$-0.06
3	C$-0.16	C$-0.17	C$-0.07 - C$-0.07
4	C$-0.22	C$-0.24	C$-0.07 - C$-0.07
5	C$-0.28	C$-0.30	C$-0.08 - C$-0.08
6	C$-0.34	C$-0.38	C$-0.09 - C$-0.09
7	C$-0.40	C$-0.46	C$-0.09 - C$-0.09
8	C$-0.47	C$-0.54	C$-0.10 - C$-0.10
9	C$-0.53	C$-0.62	C$-0.11 - C$-0.11
10	C$-0.60	C$-0.71	C$-0.12 - C$-0.12

2. Growth of Ridgeline Minerals Corp (5 min.)

Is Ridgeline Minerals Corp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$6.5m	$6.1m	$372.6k	5.7%

How much money is Ridgeline Minerals Corp making?

	Current year	Previous year	Grow	Grow %
Making money	-$970k	-$1.2m	$244k	25.2%
Net Profit Margin	0.0%	0.0%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Ridgeline Minerals Corp (5 min.)

4. Comparing to competitors in the Gold industry (5 min.)

Industry Rankings (Gold)

Richest
#301 / 502

Most Revenue
#479 / 502

Most Profit
#266 / 502

Most Efficient
#308 / 502

What can you expect buying and holding a share of Ridgeline Minerals Corp? (5 min.)

Welcome investor! Ridgeline Minerals Corp's management wants to use your money to grow the business. In return you get a share of Ridgeline Minerals Corp.

What can you expect buying and holding a share of Ridgeline Minerals Corp?

First you should know what it really means to hold a share of Ridgeline Minerals Corp. And how you can make/lose money.

Speculation

The Price per Share of Ridgeline Minerals Corp is C$0.14. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Ridgeline Minerals Corp.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Ridgeline Minerals Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$0.10. Based on the TTM, the Book Value Change Per Share is C$0.01 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.02 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.00 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Ridgeline Minerals Corp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	C$	% of Price per Share	C$	% of Price per Share	C$	% of Price per Share	C$	% of Price per Share	C$	% of Price per Share
Usd Eps	-0.01	-7.6%	-0.01	-7.6%	-0.01	-9.5%	-0.01	-7.3%	-0.01	-7.3%
Usd Book Value Change Per Share	0.00	2.9%	0.00	2.9%	0.02	11.2%	0.02	12.8%	0.02	12.8%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%
Usd Total Gains Per Share	0.00	2.9%	0.00	2.9%	0.02	11.2%	0.02	12.8%	0.02	12.8%
Usd Price Per Share	0.18	-	0.18	-	0.27	-	0.21	-	0.21	-
Price to Earnings Ratio	-16.75	-	-16.75	-	-20.21	-	-16.01	-	-16.01	-
Price-to-Total Gains Ratio	43.60	-	43.60	-	17.19	-	24.17	-	24.17	-
Price to Book Ratio	2.49	-	2.49	-	3.99	-	3.45	-	3.45	-
Price-to-Total Gains Ratio	43.60	-	43.60	-	17.19	-	24.17	-	24.17	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	0.101696
Number of shares	9833

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.00
Usd Book Value Change Per Share	0.00	0.02
Usd Total Gains Per Share	0.00	0.02
Gains per Quarter (9833 shares)	40.14	175.64
Gains per Year (9833 shares)	160.56	702.55

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	0	161	151	0	703	693
2	0	321	312	0	1405	1396
3	0	482	473	0	2108	2099
4	0	642	634	0	2810	2802
5	0	803	795	0	3513	3505
6	0	963	956	0	4215	4208
7	0	1124	1117	0	4918	4911
8	0	1284	1278	0	5620	5614
9	0	1445	1439	0	6323	6317
10	0	1606	1600	0	7026	7020

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	0.0	1.0	0.0	0.0%	0.0	3.0	0.0	0.0%	0.0	4.0	0.0	0.0%	0.0	4.0	0.0	0.0%	0.0	4.0	0.0	0.0%
Book Value Change Per Share	1.0	0.0	0.0	100.0%	3.0	0.0	0.0	100.0%	4.0	0.0	0.0	100.0%	4.0	0.0	0.0	100.0%	4.0	0.0	0.0	100.0%
Dividend per Share	0.0	0.0	1.0	0.0%	0.0	0.0	3.0	0.0%	0.0	0.0	4.0	0.0%	0.0	0.0	4.0	0.0%	0.0	0.0	4.0	0.0%
Total Gains per Share	1.0	0.0	0.0	100.0%	3.0	0.0	0.0	100.0%	4.0	0.0	0.0	100.0%	4.0	0.0	0.0	100.0%	4.0	0.0	0.0	100.0%

Fundamentals of Ridgeline Minerals Corp

About Ridgeline Minerals Corp

https://www.ridgelineminerals.com
Gold
0
1066 West Hastings Street, Vancouver, BC, Canada, V6E 3X1
Google Maps Bing Maps

Ridgeline Minerals Corp. engages in the acquisition, exploration, and evaluation of mineral properties in the United States. The company primarily explores for gold, lead, zinc, and silver deposits. The company holds interests in the Selena project that includes 467 bureau of land management (BLM) administered contiguous federal lode claims covering an area of approximately 9,626 acres located in White Pine County, Nevada; the Carlin-East project, which comprises an aggregate of 427 contiguous BLM lode-type claims covering an area of 8,628 acres located in the Carlin Trend in northern Nevada; the Swift project that consists of a mix of 785 unpatented BLM administered lode claims covering an area of approximately 14,651 acres and 3,697 private fee lands located in Lander County, Nevada; and the Bell Creek project covering an area of 1,300 acres located in north Carlin Trend. It also holds interest in the Robber Gulch project covering an area of 117 contiguous lode claims located in city of Burley, Idaho; and the Big Blue project covering an area of 361 lode claims located in city of Elko, NV. The company was formerly known as Carlin-Type Holdings Ltd. and changed its name to Ridgeline Minerals Corp. in December 2019. Ridgeline Minerals Corp. was founded in 2018 and is headquartered in Vancouver, Canada.

Fundamental data was last updated by Penke on 2024-04-03 07:11:02.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Ridgeline Minerals Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Ridgeline Minerals Corp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ridgeline Minerals Corp:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	-	-9.7%	+9.7%
TTM	-	-6.5%	+6.5%
YOY	-	-6.0%	+6.0%
5Y	-	-23.0%	+23.0%
10Y	-	-31.9%	+31.9%

Measures how much net profit Ridgeline Minerals Corp earns for each $1 of revenue.

Revenue is the amount of profit Ridgeline Minerals Corp generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Ridgeline Minerals Corp earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
Can be used to compare companies within the Gold industry.

You typically want a high profit margin. This means that for each $1 in sales, Ridgeline Minerals Corp makes more profit. This shows the investor how efficiently Ridgeline Minerals Corp is operating in general and compared to other companies in the same industry. Ridgeline Minerals Corp operates in the Gold industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Ridgeline Minerals Corp. If profit margins remain low (compared to the Gold industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Ridgeline Minerals Corp is 0.00. This means that Ridgeline Minerals Corp earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Gold industry is -9.7%.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Ridgeline Minerals Corp with other companies in the same industry (Gold).
Net profit margin should rise over the years.
Can be influenced when Ridgeline Minerals Corp sells assets (profit will increase while costs remain the same).
It won’t show what part of Ridgeline Minerals Corp is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Ridgeline Minerals Corp

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Ridgeline Minerals Corp = -169
Total revenue MRQ Ridgeline Minerals Corp = 0
$-169 / $0 = 0.00 or 0.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Ridgeline Minerals Corp is using its assets to generate profit.

Above 5% is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
-13.7% Return on Assets means that Ridgeline Minerals Corp generated $-0.14 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ridgeline Minerals Corp:

The MRQ is -13.7%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -13.7%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-13.7%	TTM	-13.7%	0.0%
TTM	-13.7%	YOY	-19.4%	+5.7%
TTM	-13.7%	5Y	-18.6%	+4.9%
5Y	-18.6%	10Y	-18.6%	0.0%

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	-13.7%	-5.5%	-8.2%
TTM	-13.7%	-6.1%	-7.6%
YOY	-19.4%	-6.5%	-12.9%
5Y	-18.6%	-10.4%	-8.2%
10Y	-18.6%	-13.6%	-5.0%

Shows how efficient Ridgeline Minerals Corp is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Ridgeline Minerals Corp is using its resources to generate profit. If the return on assets (-13.7%) from Ridgeline Minerals Corp are higher than the Gold mean (-5.5%) that means Ridgeline Minerals Corp is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Ridgeline Minerals Corp is -13.7%. This means the company generated $-0.14 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Gold industry is -5.5%.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Ridgeline Minerals Corp

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Ridgeline Minerals Corp = -169
Total assets MRQ (balance sheet) from Ridgeline Minerals Corp = 11,764
-169 / 11,764 = -0.14 or -13.7%

ROA is an important ratio as it will tell you how effectively Ridgeline Minerals Corp is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Ridgeline Minerals Corp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
-14.9% Return on Equity means Ridgeline Minerals Corp generated $-0.15 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ridgeline Minerals Corp:

The MRQ is -14.9%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -14.9%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-14.9%	TTM	-14.9%	0.0%
TTM	-14.9%	YOY	-19.7%	+4.9%
TTM	-14.9%	5Y	-19.2%	+4.3%
5Y	-19.2%	10Y	-19.2%	0.0%

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	-14.9%	-5.3%	-9.6%
TTM	-14.9%	-5.5%	-9.4%
YOY	-19.7%	-6.6%	-13.1%
5Y	-19.2%	-10.3%	-8.9%
10Y	-19.2%	-15.8%	-3.4%

Shows how efficient Ridgeline Minerals Corp is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Gold industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Ridgeline Minerals Corp is -14.9%. This means Ridgeline Minerals Corp generated $-0.15 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Gold industry is -5.3%.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if Ridgeline Minerals Corp existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Ridgeline Minerals Corp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Ridgeline Minerals Corp = -169
Shareholders equity (balance sheet) MRQ Ridgeline Minerals Corp = 11,385
-169 / 11,385 = -0.15 or -14.9%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Ridgeline Minerals Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Ridgeline Minerals Corp is operating .

Measures how much profit Ridgeline Minerals Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ridgeline Minerals Corp:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	-	-10.1%	+10.1%
TTM	-	2.3%	-2.3%
YOY	-	0.7%	-0.7%
5Y	-	-9.9%	+9.9%
10Y	-	-24.9%	+24.9%

Measures how efficient Ridgeline Minerals Corp is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Ridgeline Minerals Corp is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Ridgeline Minerals Corp is 0.0%. This means that Ridgeline Minerals Corp earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Gold industry is -10.1%.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Ridgeline Minerals Corp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Ridgeline Minerals Corp = -213
Total revenue MRQ Ridgeline Minerals Corp = 0
$-213 / $0 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Ridgeline Minerals Corp is keeping operating costs low.

Below 1 is considered healthy (always compare to Gold industry mean).
An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Ridgeline Minerals Corp:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	-	1.477	-1.477
TTM	-	1.449	-1.449
YOY	-	1.409	-1.409
5Y	-	1.542	-1.542
10Y	-	1.553	-1.553

Measures how efficient Ridgeline Minerals Corp is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Ridgeline Minerals Corp is 0.0%. This means that Ridgeline Minerals Corp earned $0.00 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Gold industry is 1.48.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Ridgeline Minerals Corp

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(19 +213) \ 0 = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Ridgeline Minerals Corp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Ridgeline Minerals Corp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Gold industry mean).
A Current Ratio of 1.86 means the company has $1.86 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Ridgeline Minerals Corp:

The MRQ is 1.863. The company is able to pay all its short-term debts. +1
The TTM is 1.863. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.863	TTM	1.863	0.000
TTM	1.863	YOY	24.179	-22.316
TTM	1.863	5Y	21.241	-19.378
5Y	21.241	10Y	21.241	0.000

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	1.863	2.465	-0.602
TTM	1.863	2.520	-0.657
YOY	24.179	3.399	+20.780
5Y	21.241	3.942	+17.299
10Y	21.241	4.404	+16.837

Measures if Ridgeline Minerals Corp is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Gold industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Ridgeline Minerals Corp if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Ridgeline Minerals Corp is 1.86. This means Ridgeline Minerals Corp has $1.86 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Gold industry is 2.47.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Ridgeline Minerals Corp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,753 \ 292) = 1.86

The current ratio measures if Ridgeline Minerals Corp is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Ridgeline Minerals Corp is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Ridgeline Minerals Corp does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Ridgeline Minerals Corp is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Ridgeline Minerals Corp is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
A Quick Ratio of 0.02 means the company can pay off $0.02 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ridgeline Minerals Corp:

The MRQ is 0.024. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.024. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.024	TTM	0.024	0.000
TTM	0.024	YOY	0.266	-0.241
TTM	0.024	5Y	0.112	-0.088
5Y	0.112	10Y	0.112	0.000

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	0.024	0.615	-0.591
TTM	0.024	0.660	-0.636
YOY	0.266	1.057	-0.791
5Y	0.112	1.284	-1.172
10Y	0.112	1.572	-1.460

Measures if Ridgeline Minerals Corp is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Ridgeline Minerals Corp can pay off its short term debts. This shows if Ridgeline Minerals Corp can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Ridgeline Minerals Corp is 0.02. This means that Ridgeline Minerals Corp can pay off $0.02 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Gold industry is 0.62.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Ridgeline Minerals Corp

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Ridgeline Minerals Corp: ( + +14) / 292 = 0.02

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Ridgeline Minerals Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Ridgeline Minerals Corp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Ridgeline Minerals Corp to Gold industry mean.
A Debt to Asset Ratio of 0.08 means that Ridgeline Minerals Corp assets are financed with 7.9% credit (debt) and the remaining percentage (100% - 7.9%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Ridgeline Minerals Corp:

The MRQ is 0.079. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.079. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.079	TTM	0.079	0.000
TTM	0.079	YOY	0.019	+0.060
TTM	0.079	5Y	0.034	+0.044
5Y	0.034	10Y	0.034	0.000

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	0.079	0.199	-0.120
TTM	0.079	0.192	-0.113
YOY	0.019	0.166	-0.147
5Y	0.034	0.234	-0.200
10Y	0.034	0.261	-0.227

Measures how much % of Ridgeline Minerals Corp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Ridgeline Minerals Corp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Ridgeline Minerals Corp to Gold industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Ridgeline Minerals Corp is 0.08. This means means that Ridgeline Minerals Corp is financed with 7.9% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Gold industry is 246.5%.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Ridgeline Minerals Corp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Ridgeline Minerals Corp

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
379 \ 11,764 = 7.9% or 0.08.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Ridgeline Minerals Corp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Ridgeline Minerals Corp to the Gold industry mean.
A Debt to Equity ratio of 8.5% means that company has $0.09 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ridgeline Minerals Corp:

The MRQ is 0.085. The company is very able to pay all its debts with equity. +2
The TTM is 0.085. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.085	TTM	0.085	0.000
TTM	0.085	YOY	0.019	+0.066
TTM	0.085	5Y	0.036	+0.049
5Y	0.036	10Y	0.036	0.000

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
MRQ	0.085	0.196	-0.111
TTM	0.085	0.205	-0.120
YOY	0.019	0.184	-0.165
5Y	0.036	0.237	-0.201
10Y	0.036	0.282	-0.246

Measures if Ridgeline Minerals Corp is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Ridgeline Minerals Corp is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Ridgeline Minerals Corp is 0.09. This means that Ridgeline Minerals Corp can pay off $0.09 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Gold industry is 0.20.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Ridgeline Minerals Corp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
379 \ 11,385 = 0.09 or 8.5%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Ridgeline Minerals Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Ridgeline Minerals Corp generates.

Above 15 is considered overpriced but always compare Ridgeline Minerals Corp to the Gold industry mean.
A PE ratio of -16.75 means the investor is paying $-16.75 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ridgeline Minerals Corp:

The EOD is -9.570. Based on the earnings, the company is expensive. -2
The MRQ is -16.748. Based on the earnings, the company is expensive. -2
The TTM is -16.748. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-9.570	MRQ	-16.748	+7.178
MRQ	-16.748	TTM	-16.748	0.000
TTM	-16.748	YOY	-20.209	+3.461
TTM	-16.748	5Y	-16.006	-0.741
5Y	-16.006	10Y	-16.006	0.000

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
EOD	-9.570	-3.535	-6.035
MRQ	-16.748	-4.169	-12.579
TTM	-16.748	-4.172	-12.576
YOY	-20.209	-6.741	-13.468
5Y	-16.006	-8.827	-7.179
10Y	-16.006	-9.322	-6.684

Measures how much money you pay for each share for every $1 in earnings Ridgeline Minerals Corp generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Ridgeline Minerals Corp to the Gold industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Ridgeline Minerals Corp is -16.75. This means the investor is paying $-16.75 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Gold industry is -4.17.
What is the trend?
The trend is important because it shows you how Ridgeline Minerals Corp is performing over time. The most recent quarter might be important if Ridgeline Minerals Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Ridgeline Minerals Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Ridgeline Minerals Corp

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-227 \ 91,088 = EPS
PE ratio MRQ = -16.75

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Ridgeline Minerals Corp:

The EOD is -3.804. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -6.658. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -6.658. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-3.804	MRQ	-6.658	+2.853
MRQ	-6.658	TTM	-6.658	0.000
TTM	-6.658	YOY	-6.681	+0.023
TTM	-6.658	5Y	-6.150	-0.508
5Y	-6.150	10Y	-6.150	0.000

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
EOD	-3.804	-4.138	+0.334
MRQ	-6.658	-4.603	-2.055
TTM	-6.658	-4.938	-1.720
YOY	-6.681	-6.579	-0.102
5Y	-6.150	-10.890	+4.740
10Y	-6.150	-12.035	+5.885

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Ridgeline Minerals Corp is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Gold industry mean).
A PB ratio of 2.49 means the investor is paying $2.49 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Ridgeline Minerals Corp:

The EOD is 1.423. Based on the equity, the company is underpriced. +1
The MRQ is 2.491. Based on the equity, the company is underpriced. +1
The TTM is 2.491. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.423	MRQ	2.491	-1.068
MRQ	2.491	TTM	2.491	0.000
TTM	2.491	YOY	3.990	-1.499
TTM	2.491	5Y	3.446	-0.955
5Y	3.446	10Y	3.446	0.000

Compared to industry (Gold)

Period	Company	Industry (mean)	+/-
EOD	1.423	1.248	+0.175
MRQ	2.491	1.215	+1.276
TTM	2.491	1.256	+1.235
YOY	3.990	1.832	+2.158
5Y	3.446	2.388	+1.058
10Y	3.446	2.457	+0.989

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ridgeline Minerals Corp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.006	0.006	0%	0.022	-74%	0.025	-77%	0.025	-77%
Book Value Per Share	-	-	0.098	0.098	0%	0.093	+6%	0.072	+36%	0.072	+36%
Current Ratio	-	-	1.863	1.863	0%	24.179	-92%	21.241	-91%	21.241	-91%
Debt To Asset Ratio	-	-	0.079	0.079	0%	0.019	+317%	0.034	+129%	0.034	+129%
Debt To Equity Ratio	-	-	0.085	0.085	0%	0.019	+344%	0.036	+135%	0.036	+135%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	-0.015	-0.015	0%	-0.018	+25%	-0.014	-3%	-0.014	-3%
Free Cash Flow Per Share	-	-	-0.037	-0.037	0%	-0.055	+50%	-0.039	+5%	-0.039	+5%
Free Cash Flow To Equity Per Share	-	-	-0.010	-0.010	0%	-0.010	+3%	0.007	-239%	0.007	-239%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	-0.705	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-0.596	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.052	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.050	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-0.169	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-0.160	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-0.305	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-0.279	-	-	-	-	-	-	-	-
Market Cap	12780292.000	-75%	22365511.000	22365511.000	0%	33776486.000	-34%	25902913.250	-14%	25902913.250	-14%
Net Profit Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Pb Ratio	1.423	-75%	2.491	2.491	0%	3.990	-38%	3.446	-28%	3.446	-28%
Pe Ratio	-9.570	+43%	-16.748	-16.748	0%	-20.209	+21%	-16.006	-4%	-16.006	-4%
Price Per Share	0.140	-75%	0.245	0.245	0%	0.370	-34%	0.284	-14%	0.284	-14%
Price To Free Cash Flow Ratio	-3.804	+43%	-6.658	-6.658	0%	-6.681	+0%	-6.150	-8%	-6.150	-8%
Price To Total Gains Ratio	24.912	-75%	43.596	43.596	0%	17.187	+154%	24.171	+80%	24.171	+80%
Quick Ratio	-	-	0.024	0.024	0%	0.266	-91%	0.112	-78%	0.112	-78%
Return On Assets	-	-	-0.137	-0.137	0%	-0.194	+41%	-0.186	+36%	-0.186	+36%
Return On Equity	-	-	-0.149	-0.149	0%	-0.197	+33%	-0.192	+29%	-0.192	+29%
Total Gains Per Share	-	-	0.006	0.006	0%	0.022	-74%	0.025	-77%	0.025	-77%
Usd Book Value	-	-	6522365.939	6522365.939	0%	6149711.843	+6%	4794222.385	+36%	4794222.385	+36%
Usd Book Value Change Per Share	-	-	0.004	0.004	0%	0.016	-74%	0.018	-77%	0.018	-77%
Usd Book Value Per Share	-	-	0.071	0.071	0%	0.067	+6%	0.053	+36%	0.053	+36%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	-0.011	-0.011	0%	-0.013	+25%	-0.010	-3%	-0.010	-3%
Usd Free Cash Flow	-	-	-2440260.253	-2440260.253	0%	-3672350.690	+50%	-2558195.412	+5%	-2558195.412	+5%
Usd Free Cash Flow Per Share	-	-	-0.027	-0.027	0%	-0.040	+50%	-0.028	+5%	-0.028	+5%
Usd Free Cash Flow To Equity Per Share	-	-	-0.007	-0.007	0%	-0.008	+3%	0.005	-239%	0.005	-239%
Usd Market Cap	9283604.109	-75%	16246307.190	16246307.190	0%	24535239.430	-34%	18815876.185	-14%	18815876.185	-14%
Usd Price Per Share	0.102	-75%	0.178	0.178	0%	0.269	-34%	0.206	-14%	0.206	-14%
Usd Profit	-	-	-970072.405	-970072.405	0%	-1214079.734	+25%	-932649.507	-4%	-932649.507	-4%
Usd Revenue	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Total Gains Per Share	-	-	0.004	0.004	0%	0.016	-74%	0.018	-77%	0.018	-77%
	EOD	+2 -6	MRQ	TTM	+0 -0	YOY	+16 -13	5Y	+13 -16	10Y	+13 -16

3.2. Fundamental Score

Let's check the fundamental score of Ridgeline Minerals Corp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-9.570
Price to Book Ratio (EOD)	Between	0-1	1.423
Net Profit Margin (MRQ)	Greater than	0	0.000
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.024
Current Ratio (MRQ)	Greater than	1	1.863
Debt to Asset Ratio (MRQ)	Less than	1	0.079
Debt to Equity Ratio (MRQ)	Less than	1	0.085
Return on Equity (MRQ)	Greater than	0.15	-0.149
Return on Assets (MRQ)	Greater than	0.05	-0.137
Total			3/10 (30.0%)

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3.3. Technical Score

Let's check the technical score of Ridgeline Minerals Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	72.987
Ma 20	Greater than	Ma 50	0.115
Ma 50	Greater than	Ma 100	0.103
Ma 100	Greater than	Ma 200	0.106
Open	Greater than	Close	0.120
Total			2/5 (40.0%)

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Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in CAD. All numbers in thousands.

Summary

Total Assets	9,745
Total Liabilities	766
Total Stockholder Equity	8,979

	As reported
Total Liabilities	766
Total Stockholder Equity	+ 8,979
Total Assets	= 9,745

Assets

Total Assets	9,745
Total Current Assets	1,317
Long-term Assets	8,429

Total Current Assets

Total Current Assets (as reported)	1,317
Cash And Cash Equivalents	1,186
Net Receivables	17
Other Current Assets	63
Total Current Assets (calculated)	1,266
+/-	51

Long-term Assets

Long-term Assets (as reported)	8,429
Property Plant Equipment	8,429
Long-term Assets (calculated)	8,429
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	707
Long-term Liabilities	60
Total Stockholder Equity	8,979

Total Current Liabilities

Total Current Liabilities (as reported)	707
Short Long Term Debt	19
Accounts payable	681
Total Current Liabilities (calculated)	701
+/-	6

Long-term Liabilities

Long-term Liabilities (as reported)	60
Long term Debt	60
Capital Lease Obligations Min Short Term Debt	6
Long-term Liabilities (calculated)	65
+/-	6

Total Stockholder Equity

Total Stockholder Equity (as reported)	8,979
Common Stock	11,874
Retained Earnings	-3,731
Other Stockholders Equity	836
Total Stockholder Equity (calculated)	8,979
+/-	0

Other

Capital Stock	11,874
Common Stock Shares Outstanding	68,553
Net Invested Capital	9,058
Net Tangible Assets	8,979
Net Working Capital	610
Property Plant and Equipment Gross	8,576

Balance Sheet

Currency in CAD. All numbers in thousands.

Trend

2022-12-31

2021-12-31

2020-12-31

2019-12-31

> Total Assets

2,483
6,690
8,629
9,745

9,745

8,629

6,690

2,483

> Total Current Assets

1,233
2,932
2,067
1,317

1,317

2,067

2,932

1,233

Cash And Cash Equivalents

1,227
2,759
1,923
1,186

1,186

1,923

2,759

1,227

Net Receivables

0
30
23
17

Other Current Assets

0
23
64
63

> Long-term Assets

1,249
3,758
6,562
8,429

8,429

6,562

3,758

1,249

Property Plant Equipment

1,249
3,758
6,562
8,429

8,429

6,562

3,758

1,249

> Total Liabilities

29
189
163
766

766

163

189

> Total Current Liabilities

29
186
85
707

707

186

Short Long Term Debt

0
0
19
19

Accounts payable

29
168
65
681

681

168

> Long-term Liabilities

0
3
77
60

> Total Stockholder Equity

2,454
6,501
8,466
8,979

8,979

8,466

6,501

2,454

Common Stock

2,613
7,218
10,032
11,874

11,874

10,032

7,218

2,613

Retained Earnings

-3,731

-2,761

-1,547

-273

Capital Surplus

Treasury Stock

Other Stockholders Equity

114
829
1,195
836

836

1,195

829

114

Balance Sheet

Currency in CAD. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31
Accounts Payable	681	65	168	29
Capital Lease Obligations	6	1	21	0
Capital Stock	11,874	10,032	7,218	2,613
Cash	1,186	1,923	2,759	1,227
Common Stock	11,874	10,032	7,218	2,613
Common Stock Shares Outstanding	68,553	55,679	48,129	48,095
Long Term Debt	60	77	-	-
Net Invested Capital	9,058	8,563	6,501	2,454
Net Receivables	17	23	30	-
Net Tangible Assets	8,979	8,466	6,501	2,454
Net Working Capital	610	1,981	2,746	1,205
Non Current Assets Total	8,429	6,562	3,758	1,249
Non Current Liabilities Total	60	77	3	0
Other Current Assets	63	64	23	-
Other Stockholder Equity	836	1,195	829	114
Property Plant And Equipment Gross	8,576	6,630	3,777	-
Property Plant And Equipment Net	8,429	6,562	3,758	1,249
Property Plant Equipment	8,429	6,562	3,758	1,249
Retained Earnings	-3,731	-2,761	-1,547	-273
Short Long Term Debt	19	19	-	-
Total Assets	9,745	8,629	6,690	2,483
Total Current Assets	1,317	2,067	2,932	1,233
Total Current Liabilities	707	85	186	29
Total Liab	766	163	189	29
Total Stockholder Equity	8,979	8,466	6,501	2,454

	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31
Accounts Payable	250	110	364	681	74	92	62	65	267	232	71	168	73	45	36	-
Capital Lease Obligations	60	65	0	6	11	19	86	1	7	9	17	21	-	-	-	0
Capital Stock	14,963	14,972	11,874	11,874	11,863	10,049	10,049	10,032	10,235	10,225	-	-	-	-	-	-
Cash	1,548	2,794	416	1,186	2,050	966	1,436	1,923	2,458	4,423	2,235	2,759	4,107	1,504	-	1,227
Common Stock	14,963	14,972	11,874	11,874	11,863	10,049	10,049	10,032	10,235	10,225	7,218	7,218	6,041	3,891	3,891	-
Common Stock Shares Outstanding	91,088	91,088	68,553	68,553	68,469	55,737	55,737	55,679	55,679	55,629	48,129	48,129	48,129	48,095	-	48,095
Long Term Debt	46	51	55	60	64	69	73	77	82	84	-	-	-	-	-	-
Net Invested Capital	11,450	11,937	8,862	9,058	9,188	8,011	8,471	8,563	8,760	9,241	6,359	6,501	6,541	3,354	-	-
Net Receivables	14	10	21	17	19	7	27	23	27	65	92	125	127	129	124	0
Net Tangible Assets	11,385	11,867	8,788	8,979	9,104	7,923	8,378	8,466	8,659	9,138	6,359	6,501	6,541	3,354	3,314	-
Net Working Capital	1,460	2,774	162	610	2,045	953	1,499	1,981	2,314	4,357	2,332	2,746	4,258	1,600	-	-
Non Current Assets Total	10,011	9,187	8,681	8,429	7,124	7,039	7,012	6,562	6,426	4,864	4,027	3,758	2,283	1,754	-	1,249
Non Current Liabilities Other	-	-	-	-	-	-19	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	86	95	55	60	64	69	132	77	82	84	0	3	0	0	-	0
Other Assets	-	-	-	-	-	-	-	-	-	-	-	-	16	30	54	-
Other Current Assets	63	63	63	63	62	64	65	64	64	65	23	23	-	-	-	-
Other Current Liab	-	-	-	-	-	19	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	875	1,120	848	836	600	1,063	1,308	1,195	695	937	914	829	1,310	79	-57	-
Property Plant And Equipment Gross	-	-	-	8,576	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	10,011	9,187	8,681	8,429	7,124	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	10,011	9,187	8,681	8,429	7,124	7,039	7,012	6,562	6,426	4,864	4,027	3,758	2,267	1,724	1,258	-
Retained Earnings	-4,453	-4,226	-3,935	-3,731	-3,359	-3,190	-2,978	-2,761	-2,271	-2,025	-1,774	-1,547	-810	-616	-520	-273
Short Long Term Debt	19	19	19	19	19	19	19	19	19	19	-	-	-	-	-	-
Total Assets	11,764	12,111	9,227	9,745	9,273	8,122	8,619	8,629	9,034	9,483	6,447	6,690	6,614	3,400	-	2,483
Total Current Assets	1,753	2,924	546	1,317	2,149	1,083	1,607	2,067	2,608	4,618	2,421	2,932	4,331	1,645	2,039	1,233
Total Current Liabilities	292	150	384	707	104	130	109	85	294	261	89	186	73	45	36	29
Total Liab	379	244	439	766	169	199	241	163	375	345	89	189	73	45	-	29
Total Stockholder Equity	11,385	11,867	8,788	8,979	9,104	7,923	8,378	8,466	8,659	9,138	6,359	6,501	6,541	3,354	-	2,454

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31
Begin Period Cash Flow	2,112	1,923	2,759	1,227	795
Capital Expenditures	2,770	1,767	2,814	2,247	1,056
Change In Cash	-546	-737	-835	1,531	1,625
Change In Working Capital	14	-23	-67	11	17
Change To Account Receivables	-	12	-24	-49	-6
Change To Liabilities	-	-34	-43	83	34
Change To Netincome	-	240	373	429	99
Change To Operating Activities	-	-	-	-23	-23
Depreciation	59	79	49	19	19
End Period Cash Flow	1,566	1,186	1,923	2,759	1,227
Free Cash Flow	-3,589	-2,441	-3,673	-3,063	-1,058
Investments	-2,770	-1,767	-2,856	-2,247	-902
Issuance Of Capital Stock	3,311	1,858	3,107	4,934	2,308
Net Borrowings	-	-35	-13	-16	-16
Net Income	-1,095	-970	-1,214	-1,274	-363
Other Cashflows From Financing Activities	-	-54	-131	-360	-27
Other Cashflows From Investing Activities	-	-	-42	-23	-23
Other Non Cash Items	6	6	73	114	-
Stock Based Compensation	161	170	287	349	104
Total Cash From Financing Activities	3,043	1,769	2,984	4,570	2,842
Total Cash From Operating Activities	-819	-674	-859	-794	-166
Total Cashflows From Investing Activities	-	-1,767	-2,856	-2,269	-1,056

	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31
Begin Period Cash Flow	2,794	416	1,186	2,112	1,030	1,436	1,923	2,458	4,423	2,235	2,759	4,107	1,504	1,906	1,227	222
Capital Expenditures	993	568	582	627	537	313	289	390	1,510	692	223	1,254	502	393	98	80
Change In Cash	-1,246	2,378	-770	-862	1,082	-471	-487	-535	-1,965	2,189	-524	-1,349	2,603	-402	679	1,004
Change In Working Capital	68	17	6	-77	-2	83	-27	111	-148	133	-164	78	-70	1	1	-
Change To Account Receivables	-75	0	1	-31	16	53	-27	39	18	-28	-53	62	-97	-14	-14	-
Change To Liabilities	144	17	5	-46	-18	30	0	72	-165	161	-111	38	27	9	7	-
Change To Netincome	-68	87	9	175	51	-8	21	357	-4	-43	64	325	-18	18	103	-
Change To Operating Activities	-	-	-	-	-	-	-	-	-	-	-	-23	-23	6	-6	-
Depreciation	16	13	11	19	19	20	22	14	14	12	8	19	19	19	19	-
End Period Cash Flow	1,548	2,794	416	1,186	2,112	1,030	1,436	1,923	2,458	4,423	2,235	2,759	4,107	1,504	1,906	1,227
Free Cash Flow	-1,204	-742	-761	-883	-638	-429	-491	-396	-1,894	-840	-543	-1,569	-783	-472	-238	-
Investments	-993	-568	-582	-627	-537	-313	-289	-431	-1,510	-692	-223	-1,254	-502	-393	-98	-80
Issuance Of Capital Stock	0	-	-	0	1,858	-	-	0	0	3,107	-	-	-	-	-	-
Net Borrowings	-5	-7	-10	-13	4	-13	-13	7	-5	-11	-4	-16	-16	-16	-16	-
Net Income	-227	-291	-204	-373	-169	-211	-217	-490	-246	-251	-227	-737	-194	-97	-247	-78
Other Cashflows From Financing Activities	-10	-213	-213	-11	-44	-44	-44	-44	-	-131	-131	-360	-360	-360	-360	-
Other Cashflows From Investing Activities	-	-	-	-	-	-	-	-42	-42	-42	-42	-	-	-	-	-
Other Non Cash Items	0	1	0	6	-2	2	1	-14	26	18	42	31	32	30	21	-
Stock Based Compensation	5	5	5	148	6	7	9	253	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-14	3,091	-10	-24	1,818	-13	-13	7	1	2,981	-4	138	3,384	3,384	1,049	1,158
Total Cash From Operating Activities	-211	-174	-179	-255	-101	-117	-201	-7	-384	-149	-320	-315	-281	-77	-142	-75
Total Cashflows From Investing Activities	-993	-568	-582	-627	-537	-313	-289	-431	-1,510	-692	-223	-1,254	-502	-393	-98	-

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31
Cost Of Revenue	59	79	49	19	0
Ebit	-	-731	-869	-949	-250
Ebitda	-	-937	-1,156	-1,258	-
Gross Profit	-59	-79	-49	-19	0
Income Before Tax	-1,095	-970	-1,214	-1,274	-273
Interest Expense	-	-	0	0	0
Interest Income	43	22	7	11	1
Net Income	-1,095	-970	-1,214	-1,274	-273
Net Income Applicable To Common Shares	-	-970	-1,214	-1,274	-293
Net Income From Continuing Ops	-1,095	-970	-1,214	-1,274	-273
Net Interest Income	43	22	7	11	1
Operating Income	-1,112	-1,017	-1,205	-1,276	-250
Reconciled Depreciation	59	79	49	19	0
Selling General Administrative	1,053	937	1,156	1,251	240
Total Operating Expenses	1,112	1,017	1,205	1,276	250
Total Other Income Expense Net	-26	24	-17	-9	-24
Total Revenue	0	0	0	0	0

	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31
Cost Of Revenue	19	13	11	19	19	20	22	14	14	12	8	-	-	-	1	-
Ebit	-217	-186	-134	-275	-121	-177	-158	-408	-163	-148	-150	-562	-18	-171	-	-75
Ebitda	-	-255	-196	-322	-194	-229	-193	-471	-245	-227	-212	-710	-125	-171	-269	-
Gross Profit	-19	-13	-11	-19	-19	-20	-22	-14	-14	-12	-8	-	-	-	-1	-
Income Before Tax	-169	-291	-204	-373	-169	-211	-217	-490	-246	-251	-227	-737	-194	-97	-247	-78
Interest Income	10	14	2	11	10	0	0	0	0	7	0	4	2	5	0	1
Net Income	-169	-291	-204	-373	-169	-211	-217	-490	-246	-251	-227	-737	-194	-97	-247	-78
Net Income Applicable To Common Shares	-227	-291	-204	-373	-169	-211	-217	-490	-246	-251	-227	-737	-194	-97	-247	-
Net Income From Continuing Ops	-169	-291	-204	-373	-169	-211	-217	-490	-246	-251	-227	-737	-194	-97	-247	-78
Net Interest Income	10	14	2	11	10	0	0	0	0	7	0	4	2	5	0	1
Operating Income	-213	-268	-207	-341	-213	-249	-214	-486	-260	-239	-220	-710	-125	-171	-271	-75
Reconciled Depreciation	16	13	11	19	19	20	22	14	14	12	8	-	-	-	1	-
Selling General Administrative	194	255	196	322	194	229	193	471	245	224	211	688	123	171	268	65
Total Operating Expenses	213	268	207	341	213	249	214	486	260	239	220	710	125	171	271	75
Total Other Income Expense Net	33	-37	1	-43	33	37	-3	-4	13	-18	-7	-31	-70	70	23	-4
Total Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	0
Cost of Revenue	-59
Gross Profit	-59	-59

Operating Income (+$)
Gross Profit	-59
Operating Expense	-1,112
Operating Income	-1,112	-1,171

Operating Expense (+$)
Research Development	-
Selling General Administrative	1,053
Selling And Marketing Expenses	-
Operating Expense	1,112	1,053

Net Interest Income (+$)
Interest Income	43
Interest Expense	--
Other Finance Cost	-0
Net Interest Income	43

Pretax Income (+$)
Operating Income	-1,112
Net Interest Income	43
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-1,095	-1,086 EBIT - interestExpense = 0 -1,095 -1,095
Interest Expense	-
Earnings Before Interest and Taxes (EBIT)	-	-1,095
Earnings Before Interest and Taxes (EBITDA)	-

After tax Income (+$)
Income Before Tax	-1,095
Tax Provision	--
Net Income From Continuing Ops	-1,095	-1,095
Net Income	-1,095
Net Income Applicable To Common Shares	-

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-26	-43

Technical Analysis of Ridgeline Minerals Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Ridgeline Minerals Corp. The general trend of Ridgeline Minerals Corp is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ridgeline Minerals Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (28.6%)		Bearish trend (-28.6%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Ridgeline Minerals Corp.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.125 < 0.125 < 0.125.

The bearish price targets are: 0.135 > 0.135 > 0.13.

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Ridgeline Minerals Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Ridgeline Minerals Corp. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close > MA 20: The price is above the MA 20. +1
MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
MA 50 trending up: The MA 50 is trending up. +1
Close > MA 50: The price is above the MA 50. +1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
MA 200 trending down: The MA 200 is trending down. -1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Ridgeline Minerals Corp Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Ridgeline Minerals Corp. The current macd is 0.00673132.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ridgeline Minerals Corp price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Ridgeline Minerals Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Ridgeline Minerals Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Ridgeline Minerals Corp Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Ridgeline Minerals Corp. The current adx is 35.88.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Ridgeline Minerals Corp shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.

Ridgeline Minerals Corp Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Ridgeline Minerals Corp. The current sar is 0.11278138.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Ridgeline Minerals Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Ridgeline Minerals Corp. The current rsi is 72.99. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Ridgeline Minerals Corp Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Ridgeline Minerals Corp. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ridgeline Minerals Corp price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Ridgeline Minerals Corp Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Ridgeline Minerals Corp. The current cci is 159.42.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Ridgeline Minerals Corp Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Ridgeline Minerals Corp. The current cmo is 52.93.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Ridgeline Minerals Corp Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Ridgeline Minerals Corp. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

Ridgeline Minerals Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Ridgeline Minerals Corp.

Ridgeline Minerals Corp Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Ridgeline Minerals Corp. The current atr is 0.00571106.

Ridgeline Minerals Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Ridgeline Minerals Corp. The current obv is -1,465,837.

Ridgeline Minerals Corp Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Ridgeline Minerals Corp. The current mfi is 64.07.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

Ridgeline Minerals Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Ridgeline Minerals Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-11-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-01	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-06	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-07	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-08	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2023-12-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2023-12-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-27	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-28	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-01-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-10	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-01-11	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-19	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-22	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-01-26	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-29	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-05	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-09	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-20	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-23	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-27	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-01	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-06	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-03-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-12	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-19	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-27	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-28	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-03	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-04	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-08	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-04-09	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-15	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).

6.3. Candlestick Patterns

Ridgeline Minerals Corp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Ridgeline Minerals Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	72.987
Ma 20	Greater than	Ma 50	0.115
Ma 50	Greater than	Ma 100	0.103
Ma 100	Greater than	Ma 200	0.106
Open	Greater than	Close	0.120
Total			2/5 (40.0%)

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Quick analysis of Ridgeline Minerals Corp (30 sec.)

What can you expect buying and holding a share of Ridgeline Minerals Corp? (30 sec.)

How much money do you get?

What is your share worth?

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1. Valuation of Ridgeline Minerals Corp (5 min.)

C$0.14

C$0.10

C$-0.60 - C$-0.71

C$-0.50 - C$-0.61

2. Growth of Ridgeline Minerals Corp (5 min.)

Is Ridgeline Minerals Corp growing?

How much money is Ridgeline Minerals Corp making?

How much money comes from the company's main activities?

3. Financial Health of Ridgeline Minerals Corp (5 min.)

4. Comparing to competitors in the Gold industry (5 min.)

Industry Rankings (Gold)

What can you expect buying and holding a share of Ridgeline Minerals Corp? (5 min.)

What can you expect buying and holding a share of Ridgeline Minerals Corp?

Speculation

Investing

How much money are you going to get?

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Linear %

Fundamentals of Ridgeline Minerals Corp

About Ridgeline Minerals Corp

Financial Health

Valuation

1.1. Profitability of Ridgeline Minerals Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Gold)

1.1.2. Return on Assets

Trends

Compared to industry (Gold)

1.1.3. Return on Equity

Trends

Compared to industry (Gold)

1.2. Operating Efficiency of Ridgeline Minerals Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Gold)

1.2.2. Operating Ratio

Trends

Compared to industry (Gold)

1.3. Liquidity of Ridgeline Minerals Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Gold)

1.3.2. Quick Ratio

Trends

Compared to industry (Gold)

1.4. Solvency of Ridgeline Minerals Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Gold)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Gold)

2. Market Valuation of Ridgeline Minerals Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Gold)

Ridgeline Minerals Corp
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