Golden Rim Resources Ltd engages in the exploration and development of mineral resource properties.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.006|
|52 Week High||AU$0.006|
|52 Week Low||AU$0.019|
|1 Month Change||0%|
|3 Month Change||-25.00%|
|1 Year Change||-62.50%|
|3 Year Change||-60.00%|
|5 Year Change||-96.00%|
|Change since IPO||-99.59%|
Recent News & Updates
|GMR||AU Metals and Mining||AU Market|
Return vs Industry: GMR underperformed the Australian Metals and Mining industry which returned 11.3% over the past year.
Return vs Market: GMR underperformed the Australian Market which returned 21.1% over the past year.
Stable Share Price: GMR is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: GMR's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Golden Rim Resources Ltd engages in the exploration and development of mineral resource properties. It primarily explores for gold, silver, zinc, lead, and copper deposits. Its flagship property is the Kouri Gold project covering an area of 325 square kilometers located in Burkina Faso, West Africa.
Golden Rim Resources Fundamentals Summary
|GMR fundamental statistics|
Is GMR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GMR income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0013|
|Net Profit Margin||0.00%|
How did GMR perform over the long term?See historical performance and comparison
Is Golden Rim Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GMR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GMR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GMR is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: GMR is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GMR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GMR is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (2.6x).
How is Golden Rim Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Golden Rim Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Golden Rim Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMR is currently unprofitable.
Growing Profit Margin: GMR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GMR is unprofitable, and losses have increased over the past 5 years at a rate of 10.3% per year.
Accelerating Growth: Unable to compare GMR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GMR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: GMR has a negative Return on Equity (-36.65%), as it is currently unprofitable.
How is Golden Rim Resources's financial position?
Financial Position Analysis
Short Term Liabilities: GMR's short term assets (A$1.7M) exceed its short term liabilities (A$1.4M).
Long Term Liabilities: GMR's short term assets (A$1.7M) exceed its long term liabilities (A$96.8K).
Debt to Equity History and Analysis
Debt Level: GMR is debt free.
Reducing Debt: GMR had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GMR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GMR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.8% each year
What is Golden Rim Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GMR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GMR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GMR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GMR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GMR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Craig Ross Mackay, BApp. Sc-App Geol; B.Sc. (Hons); MSc; MAusIMM, MAICD serves as the Managing Director of Royal Falcon Mining LLC.Mr. Mackay has been the Managing Director of Golden Rim Resources Ltd...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD282.08K) is about average for companies of similar size in the Australian market ($USD303.55K).
Compensation vs Earnings: Craig's compensation has increased whilst the company is unprofitable.
Experienced Management: GMR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: GMR's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 84.7%.
Golden Rim Resources Ltd's employee growth, exchange listings and data sources
- Name: Golden Rim Resources Ltd
- Ticker: GMR
- Exchange: ASX
- Founded: 1987
- Industry: Gold
- Sector: Materials
- Market Cap: AU$19.772m
- Shares outstanding: 3.30b
- Website: https://www.goldenrim.com.au
- Golden Rim Resources Ltd
- Collins Square Tower Five
- Level 23
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:07|
|End of Day Share Price||2021/10/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.