In last trading session, New Pacific Metals Corp (AMEX:NEWP) saw 0.76 million shares changing hands with its beta currently measuring 1.31. Company’s recent per share price level of $1.84 trading at $0.06 or 3.37% at ring of the bell on the day assigns it a market valuation of $315.03M. That closing price of NEWP’s stock is at a discount of -65.22% from its 52-week high price of $3.04 and is indicating a premium of 52.72% from its 52-week low price of $0.87. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.67 million shares which gives us an average trading volume of 351.94K if we extend that period to 3-months.
New Pacific Metals Corp (AMEX:NEWP) trade information
Upright in the green during last session for gaining 3.37%, in the last five days NEWP remained trading in the green while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $1.84 price level, adding 9.36% to its value on the day. New Pacific Metals Corp’s shares saw a change of -3.66% in year-to-date performance and have moved 7.60% in past 5-day. New Pacific Metals Corp (AMEX:NEWP) showed a performance of 78.64% in past 30-days. Number of shares sold short was 0.8 million shares which calculate 2.04 days to cover the short interests.
New Pacific Metals Corp (NEWP) estimates and forecasts
Statistics highlight that New Pacific Metals Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.98% of value to its shares in past 6 months, showing an annual growth rate of 20.00% while that of industry is 18.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -16.94% during past 5 years.
NEWP Dividends
New Pacific Metals Corp is more likely to be releasing its next quarterly report in May and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
New Pacific Metals Corp (AMEX:NEWP)’s Major holders
Insiders are in possession of 45.66% of company’s total shares while institution are holding 16.02 percent of that, with stock having share float percentage of 29.47%. Investors also watch the number of corporate investors in a company very closely, which is 16.02% institutions for New Pacific Metals Corp that are currently holding shares of the company. Jupiter Asset Management Limited is the top institutional holder at NEWP for having 6.71 million shares of worth $14.63 million. And as of Jun 29, 2023, it was holding 3.93% of the company’s outstanding shares.
The second largest institutional holder is Van Eck Associates Corporation, which was holding about 4.47 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 2.62% of outstanding shares, having a total worth of $9.74 million.
On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF and Global X Fds-Global X Silver Miners ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 4.06 million shares of worth $7.19 million or 2.38% of the total outstanding shares. The later fund manager was in possession of 2.14 million shares on Sep 29, 2023, making its stake of worth around $3.78 million in the company or a holder of 1.25% of company’s stock.
