Jazz Resources Inc has experienced a notable decline over the past week, with no major news to explain the drop.
This week, Jazz Resources Inc (JZR.V) has seen its stock price decrease by 11.54%, continuing a challenging trend for the year. The latest closing price stood at C$0.24, reflecting a significant decline from earlier in the year.
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Jazz Resources Inc
JZR.V
JZR.V
Jazz Resources Inc
WealthAwesomeMarket cap
$18.23M
52W high
$0.84
52W low
$0.20
1W change
-11.54%
Beta
0.71
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on JZR's historical volatility
30-Day Vol
83.8%
Annualized
90-Day Vol
88.7%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.19
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.22 | C$0.16 – C$0.29 |
| 60 trading days | C$0.20 | C$0.14 – C$0.31 |
| 90 trading days | C$0.19 | C$0.12 – C$0.32 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should be aware of the current price action and the technical indicators that suggest a downward trend, despite the lack of recent news.
Stock down 11.54% this week.
The stock has lost more than 51% year-to-date, indicating ongoing struggles for the company.
Bull case
A potential turnaround could come from better market conditions in the materials sector or improvements in operations that boost profitability.
Bear case
Ongoing losses in stock price and negative earnings metrics raise concerns about the company's financial health and operational sustainability.
Recent Price Action
Jazz Resources Inc has seen its stock price decline significantly, closing at C$0.24 on Tuesday. Over the past week, the stock has dropped by 11.54%, and it has lost a staggering 51.58% year-to-date. Investors may be concerned about the ongoing downward trend, especially given the lack of recent company news to provide context for the price movement.
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Technical Picture
From a technical perspective, Jazz Resources is currently trading below both its 50-day moving average of C$0.27 and its 200-day moving average of C$0.31, indicating a bearish trend. The stock has a 52-week range of C$0.20 to C$0.84, with the current price sitting at just 7% of that range. The beta of 0.71 suggests that the stock is less volatile than the broader market, but the recent trading volume of 10,799 shares is significantly above the 20-day average volume of 26,263 shares, indicating increased interest or activity around the stock.
Fundamental Overview
Jazz Resources Inc's market capitalization is approximately C$18.2 million, with a profit margin of 0.0% and a return on equity of -12.7%. The earnings per share (EPS) for the trailing twelve months stands at -C$0.03. These figures highlight the financial challenges the company is currently facing, raising questions about its operational efficiency and future profitability.
Price Action Summary
As of the last close, Jazz Resources Inc stock is priced at C$0.24, reflecting a 1-day change of 0.00%. The downward trend observed over the past week and year-to-date signals potential challenges ahead for investors.
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