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De Grey Mining (ASX:DEG) 6-Month Price Index : 0.86 (As of Jun. 08, 2024)


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What is De Grey Mining 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-08), De Grey Mining's 6-Month Price Index is 0.86.

Competitive Comparison of De Grey Mining's 6-Month Price Index

For the Gold subindustry, De Grey Mining's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index 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.

De Grey Mining  (ASX:DEG) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* 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.

De Grey Mining  (ASX:DEG) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

De Grey Mining 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of De Grey Mining's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

De Grey Mining (ASX:DEG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » De Grey Mining Ltd (ASX:DEG) » Definitions » 6-Month Price Index
Comparable Companies
ASX:EMR ASX:RMS ASX:BGL ASX:GMD ASX:PRU ASX:CMM ASX:GOR ASX:RED ASX:WAF ASX:RRL SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 MIC:PLZL JSE:GFI ASX:NST
Traded in Other Exchanges
DGD:Germany
Address
2 Kings Park Road, Ground Level, West Perth, Perth, WA, AUS, 6005
Website
https://www.degreymining.com.au
De Grey Mining Ltd is a Western Australian-based mining company that centers on the exploration of base and precious metals. The company's primary focus lies in the Pilbara region on the Mallina Gold Project, which has been found to be prospective for gold mineralization. Geographically, it only operates in Australasia.