Should Investors Trust The Upside Potential In Equinox Gold Corp (EQX)?

Equinox Gold Corp (AMEX:EQX) currently has a daily average trading volume of 3.18M but it saw 2787332 shares traded in last market. With a market cap of 2.07B USD, the company’s current market price of $5.37 came falling about -1.83 while comparing to the previous closing price of $5.47. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.50 and as low as $3.95.

Taking a look at 20-day trading activity of Equinox Gold Corp (EQX) gives us an average price of $5.63, while its current price level is -17.38% below from 52-week high level whereas it is 35.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.49 while that of 200 days or SMA-200 reads an average of $5.07. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.18% during that period while stretching the period over a month that increases to 3.41%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.29 which implies that the stock is in neutral territory.

Over the week, EQX’s stock price is moving -3.94% down while it is 2.29% when we observe its performance for the past one month. Year-to-date it is 9.82% up and over the past year, the stock is showing an upside performance of 4.07%.

Currently, Equinox Gold Corp’s total number of outstanding shares is 386.40M. Company’s return on investment (ROI) stands at -1.02% and return on equity (ROE) at -1.30%. It has a 5.65 of forward P/E ratio. Stock’s beta reads 1.25. Stock has a price to book (P/B) ratio of 0.74 while price to sale or P/S ratio amounts to 1.89. Its return on asset (ROA) is -0.75% on average.