Discovery Energy (Discovery Energy) Momentum Rank : 0 (As of Jun. 02, 2024)

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What is Discovery Energy Momentum Rank?

Discovery Energy has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Discovery Energy (Discovery Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Discovery Energy Corp (OTCPK:DENR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Riverway Drive, Suite 1700, Houston, TX, USA, 77056

Website

https://www.discoveryenergy.com

Discovery Energy Corp is an exploration-stage company. It is mainly engaged into exploration, development, production, oil and energy projects. The exploration properties of the company include Cooper and Eromanga Basins in the State of South Australia. The Cooper basin is divided into several depo-centers by faulted anticlinal trends whereas the Eromanga basin is developed as interior sag over the central and eastern region of Australia.

Executives

Keith J Mckenzie	director, 10 percent owner, officer: CEO	SUITE 1807-610 GRANVILLE STREET VANCOUVER A1 V6C-3T3
Steven A Webster	10 percent owner	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Keith D Spickelmier	10 percent owner
Michael D Dahlke	officer: President & COO	ONE RIVERWAY DRIVE SUITE 1700 HOUSTON TX 77056
Dec Funding Llc	10 percent owner	1000 LOUISIANA STREET SUITE 3700 HOUSTON TX 77002
William E Begley	officer: CFO	ONE RIVERWAY DRIVE, SUITE1700, HOUSTON TX 77056
Richard Bruce Pierce	director, 10 percent owner, officer: President, Secretary-Treasurer	11450 - 201A STREET MAPLE RIDGE A1 V2X 0Y4
Andrew Lee Smith	director, 10 percent owner	SUITE 500 - 602 WEST HASTINGS STREET VANCOUVER A1 V6B 1P2
Shih-yi Chuang	director, 10 percent owner	11 CHUNG-HSING ROAD, NEI-PU VILLAGE CHU-CHI SHIANG CHA-Y F5 00000

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