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Temas Resources (XCNQ:TMAS) 12-1 Month Momentum % : 122.22% (As of Jun. 09, 2024)


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What is Temas Resources 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-06-09), Temas Resources's 12-1 Month Momentum % is 122.22%.

The industry rank for Temas Resources's 12-1 Month Momentum % or its related term are showing as below:

XCNQ:TMAS's 12-1 Month Momentum % is ranked better than
95.77% of 2599 companies
in the Metals & Mining industry
Industry Median: -22.69 vs XCNQ:TMAS: 122.22

Competitive Comparison of Temas Resources's 12-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Temas Resources's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Temas Resources's 12-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Temas Resources's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Temas Resources's 12-1 Month Momentum % falls into.



Temas Resources  (XCNQ:TMAS) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Temas Resources  (XCNQ:TMAS) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Temas Resources 12-1 Month Momentum % Related Terms

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Temas Resources (XCNQ:TMAS) Business Description

Traded in Other Exchanges
Address
999 West Hastings Street, Suite 520, Vancouver, BC, CAN, V6C 2W2
Temas Resources Corp is focused on the advancement of mineral independence and the processes in which minerals are extracted in an environmentally friendly manner. It invests in and works to apply green technology across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. Its flagship properties are located in the stable, mining-friendly jurisdiction of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville Geological Province. The Grenville Geological Province is home to Lac Tio, the solid ilmenite deposit in the world.
Executives
Samuel Anthony Kyler Hardy Director

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