Trading Update: Checking in on Shares of DNB ASA (OTCMKTS:DNHBY) – The Coin Guild

Investors have been buzzing over shares of DNB ASA (OTCMKTS:DNHBY) as its price hit $20.67 at the end of the most recent trading day.  The stock is traded on OTC in the Finance sector and Banks – Foreign industry.   

Average Volume is the amount of securities traded in a day on average over a specific time period. Trading activity relates to the liquidity of a security. When average volume is high, the stock has high liquidity and can be therefore easily traded, while conversely, when the trading volume is low, the commodity will be less expensive as traders are not as willing to purchase it. Average volume has an effect on the price of the security. DNB ASA (OTCMKTS:DNHBY) has seen 42282.85 shares trade hands on an average basis.

DNB ASA (OTCMKTS:DNHBY)’s 52-Week High-Low Range Price % is 92.48. Countless factors affect a security’s price and, therefore, its range. Macroeconomic factors such as interest rates and the economic cycle significantly impact the price of securities over lengthy periods of time. A big recession, for example, can dramatically widen the price range equities as they plummet in price.

Considering that price volatility is equivalent to risk, a commodity’s trading range is a great indicator of risk. Conservative investors will gravitate towards securities with smaller price fluctuations as compared to securities with larger price swings, preferring to invest in relatively stable sectors such as health care, utilities, and telecommunications and avoiding high-beta sectors like commodities, technology, and financials.

The mathematical calculation that represents the degree of change over time is known as “percentage change”. In finance, it serves many purposes, and is often used to represent the price change of a commodity.

DNB ASA (OTCMKTS:DNHBY)’s Price Change % over the last week is 3.32%. It’s % Price Change over the previous month is 2.48% and previous three months is 13.07%. Finally, looking back over the past year-to-date, DNB ASA (OTCMKTS:DNHBY)’s Price Change % is 11.34%.

Percentage change can be applied to any quantity that is measured over time any given time period. Say you are tracking the price of a stock. If the price increased, the formula [(New Price – Old Price)/Old Price] is applied and then take that number and multiply it by 100. If the price of a stock decreased, the formula [(Old Price – New Price)/Old Price] is applied then multiplied by 100. The formula can be used to track the prices of both individual commodities and large market listings, and also used to compare the values of different currencies. Balance sheets with comparative financial statements often will include prices of specific stocks at different time periods alongside the percentage change over the same periods of time.

A 52-week high/low is the highest and lowest share price that a stock has traded at during the previous year. Investors and traders consider the 52-week high or low as a crucial factor in determining a given stock’s current value while also predicting future price movements. When a commodity trades within its 52-week price range (the range that exists between the 52-week low and the 52-week high), investors usually show more interest as the price nears either the high or the low.

One of the more popular strategies used by traders is to buy when the price eclipses its 52-week high or to sell when the price drops below its 52-week low. The rationale involved with this strategy says that if the price breaks out either above or below the 52-week range, there is momentum enough to continue the price fluctuation in a positive direction. DNB ASA (OTCMKTS:DNHBY)’s high over the last year was $20.92 while its low was $17.59.

Beta measures the volatility of a security in comparison to the market as a whole. The tendency of a security’s returns is to respond to swings in the market. For example, a beta of 1 means that the security’s price will move in lockstep with the market. A beta of less than 1 indicates that the security will be less volatile relative to the market. A beta of greater than 1 tells us that the security’s price will be more volatile than the market. Beta is an expression of the tradeoff between maximizing return and minimizing risk. DNB ASA (OTCMKTS:DNHBY)’s Beta number is 0.7.

Outstanding Shares refers to all stocks currently held by all shareholders, including blocks held by institutional and insider investors, of a given company. Outstanding shares are shown on a company’s balance sheet as “Capital Stock.” The number of shares outstanding is used to calculate key metrics such as a company’s earnings per share (EPS), cash flow per share (CFPS) and its market cap. The number of outstanding shares is not static, as it can fluctuate greatly over time. DNB ASA (OTCMKTS:DNHBY)’s number of shares outstanding is 1600m.

The three things that investors will want to look for when picking a penny stock are the underlying business, the financials, and the footnotes. 

A company’s underlying business is even more important than it is in exchange-traded stocks because the penny stock world is home to shell companies that are legally incorporated, but lack any business operations.  Investors should look for companies with real, sustainable business operations when considering penny stocks.    

As with any stock, any given penny stock’s financials are essential for investors.  With penny stocks, however, the question is really more about the quality of the financials.  If an investor can answer “yes” to the following questions:  Do the financials look healthy?  Does the company file on time?  Who was the auditing firm?  Then it’s time to browse the footnotes.

Footnotes are an oft-overlooked part of a company’s filings, yet prove to be extremely important.  While it’s possible to get by without reading a large company’s footnotes, if an investor misses the footnotes for a penny stock, it could be damaging.  Penny stocks are small companies and, as such, are more prone to things such as related-party transactions and non-GAAP accounting oddities, so the footnotes for penny stock companies should not be overlooked.

Penny stocks are risky and fodder for scammers.  Penny stocks can also make you a lot of money.  Many investors find that the potential windfalls for penny stocks are worth the inherent risks involved.  Penny stocks can deliver an impressive return.

A concern for investors regarding penny stocks is the lack of reporting standards for companies whose stocks trade in the Pink Sheets or on OTCBB.  Though OTCBB does require that registered companies stay current with SEC filings, those filings are the bare minimum and below what an exchange-traded company would have to file.

Unfortunately, since companies that are delinquent in submitting their filings to the SEC are still accessible to individual investors, penny stocks can be a treasure trove for dishonest people, which is one of the reasons that the SEC has taken an active role in making sure that the public is protected from dishonest individuals and companies in the penny stock arena.  To even sell you a penny stock, brokers are legally required to send out documents outlining the risks of penny stock trading. 

Disclaimer:Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

A photo showing a kayaker on the Truckee River eastern of Stimulates, Nev., taken in May, 2016. (Image: Jason Bean/RGJ documents) Nevada taxpayers will certainly help innovation giants such as Tesla and also Google pay for a 13-mile pipeline that will carry water to a commercial park in Storey County.The Legislature’s 21-member Interim Financing Board elected with one voice for licensing $35 million in bonds to fund the job. Floor Area would release the bonds which would then be bought by the state. Firms taking advantage of the pipe would pay off the cost via an unique evaluation district.In a 2nd action with six dissenting votes, the committee authorized the development of an unique tax obligation increment area that would redirect brand-new tax obligation cash generated by advancements in the area to repay companies in the area for assessments they paid to fund the pipeline task.” I am really struggling as well as continuing to battle in asking the state to spend for it, so I will certainly be opposing the activity,”stated Sen. Pete Goicoechea, R-Eureka, who voted against the reimbursement.The proposition now goes to the Floor Area Commission which would certainly require to approve an additional ordinance to move the task along, stated Paul Anderson, director of the Nevada Governor’s Workplace of Economic Development.Backers of the pipeline and compensation strategy stated the benefits of the job would much exceed any costs.They claimed the pipe will help the region stretch water sources further

and also improve financial development.The pipe would certainly stretch 13 miles from Triggers to the Tahoe Regional Industrial Center, residence to significant growths from companies such as Tesla, Google and Switch, amongst others.It would certainly carry metropolitan wastewater from a therapy plant

to the commercial park where personal firms would certainly, at their own price, treat it even more for usage in commercial applications.In addition to the$35 million in bond funding via the state, the task

will call for an additional$ 100 million or even more in private funding to relocate, store, reward as well as distribute the water after it moves from the pipeline right into the industrial park, according to a discussion from pipe backers.Effluent diverted to TRIC Vaughn Hartung, a Washoe County commissioner and also chairman of the Truckee Meadows Water Authority board of directors, claimed diverting wastewater to customers instead of returning it to the Truckee River, the region’s key water resource, is good for the river

and also the economy.”The effluent

monitoring in the region is expanding, we are relocate from a responsibility to an asset,” Hartung claimed.”This is an outright property to our region. “The pipe plan, if completely passed, would certainly divert as much as 1.3 billion gallons, or 4,000 acre-feet, of partly treated effluent far from the river and also toward industrial users.The diversion will decrease the degrees of nitrates in the river which might benefit native fish near the Pyramid Lake Paiute People’s booking as well as help the region remain within Tidy Water Act limits on nitrates.” This is a good investment for the state to join,”claimed Sen. Ben Kieckhefer, R-Reno. In order to keep lawfully mandated flow rates in the Truckee River, the contracts behind the pipe offer consist of arrangements to utilize undeveloped water rights to change the drawn away effluent.Those consist of an estimated 1,500 to 2,200 acre-feet of

legal rights possessed by the Nevada Division of Transportation as well as privately held rights to concerning 1,500 acre-feet

of water the programmers of the commercial park claim they will leave in the river.”They could divert that water out of the Truckee River, instead they are offering it out of the return circulation,” said John Enloe, supervisor

of natural deposits preparing and administration for TMWA.”So, they leave that water in the river and use the effluent rather.”If the water civil liberties defined theoretically don’t materialize as actual water streaming right into the river, the amount of effluent water drawn away to the industrial park would be reduced.” The Truckee River has been one of the most adjudicated rivers in the Western United States, “claimed previous Southern Nevada Water Authority as well as Las Vegas Valley Water District General Manager Patricia Mulroy, a specialist on the pipe task.”

There will be a one-for-one replacement of actual freshwater in order to maintain that river whole.”Funding for the project will come from state-issued bonds that would certainly be paid off with tax evaluations troubled the home possessed by business gaining from the pipeline.The evaluations are structured to produce sufficient cash to cover payment plus funding costs and also construct a get fund.If a firm can not or will not pay the evaluation, it would certainly have its residential property seized upon and sold to cover the quantity owed. The buyer would then be responsible for payments.If repossession and reserve funds were inaccessible

to cover bond prices, taxpayers in Storey Area might be responsible. If the region’s general fund fell short, obligation would certainly change to state taxpayers. “Each of those property owners is electing to claim we are essentially going to pay our part of the pipe job,”expert Jeremy Aguero of Applied Analysis informed the committee.”They each are individually responsible for their share of that task.”Although the deal is structured to ensure analyses on business cover front-end expenses, taxpayers will be asked to

lug several of the burden on the back end.That’s due to the fact that the committee’s second vote accepted the special difficult area that settles the companies for their pipe expenses. According to projections presented at the conference, development in the unique tax area will create as long as$1.3 billion in new tax obligation revenue over its first 25 years. Regarding$61.4 million from the recently produced taxes might go toward reimbursing the companies. Water rights deal criticized Making use of tax earnings to repay business attracted objection.”

The taxpayers of Floor Area are not thrilled or in contract with making use of future tax obligation income to repay billion-dollar global business for an infrastructure that will not do anything yet sustain

their organisations,”stated Sam Toll of Gold Hill throughout the public comment section of the meeting.Assemblywoman Teresa Benitez-Thompson, D-Reno, who elected against the compensation activity, likewise defined the use of NDOT water legal rights to offset the loss of dealt with effluent from the river as a giveaway by the state.”In a state where water is everything … I have never heard of water just being distributed, “Benitez-Thompson said.”We are essentially offering this water, we will certainly not be getting any type of settlement for this water.”Check out or Share this story:

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