ProAm Explorations Corporation operates as a junior mineral, and oil and natural gas exploration and development company in Canada and the United States. More Details
+ 1 more risk
Excellent balance sheet with weak fundamentals.
Share Price & News
How has ProAm Explorations's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PMX's share price has been volatile over the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: Insufficient data to determine how PMX performed against the Canadian Oil and Gas industry.
Return vs Market: Insufficient data to determine how PMX performed against the Canadian Market.
Price Volatility Vs. Market
How volatile is ProAm Explorations's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StIs ProAm Explorations (CVE:PMX) In A Good Position To Deliver On Growth Plans?
6 months ago | Simply Wall StDo Directors Own ProAm Explorations Corporation (CVE:PMX) Shares?
11 months ago | Simply Wall StIf You Had Bought ProAm Explorations (CVE:PMX) Stock Five Years Ago, You Could Pocket A 133% Gain Today
Is ProAm Explorations 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 PMX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PMX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PMX is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.
PE vs Market: PMX is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PMX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PMX is overvalued based on its PB Ratio (2.4x) compared to the CA Oil and Gas industry average (0.8x).
How is ProAm Explorations forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy 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 ProAm Explorations 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.
- Examine ProAm Explorations's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- ProAm Explorations competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has ProAm Explorations performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PMX is currently unprofitable.
Growing Profit Margin: PMX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PMX is unprofitable, and losses have increased over the past 5 years at a rate of 17.5% per year.
Accelerating Growth: Unable to compare PMX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PMX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.9%).
Return on Equity
High ROE: PMX has a negative Return on Equity (-42.69%), as it is currently unprofitable.
How is ProAm Explorations's financial position?
Financial Position Analysis
Short Term Liabilities: PMX's short term assets (CA$90.1K) do not cover its short term liabilities (CA$90.4K).
Long Term Liabilities: PMX's short term assets (CA$90.1K) exceed its long term liabilities (CA$43.0K).
Debt to Equity History and Analysis
Debt Level: PMX is debt free.
Reducing Debt: PMX has not had any debt for past 5 years.
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: PMX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: PMX is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.
What is ProAm Explorations's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PMX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PMX'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 PMX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PMX'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 PMX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Donald Leo MacDonald serves as the Chief Executive Officer and President of ProAm Explorations Corporation and has been a Non-Independent Director since June 17, 1995. Mr. MacDonald has been the Chief ...
|CEO, President & Non-Independent Director||no data||no data||3.17% |
|CFO & Director||28.08yrs||no data||0.74% |
|Independent Director||12.92yrs||no data||0.015% |
|Director||0.33yr||no data||no data|
|Independent Director||9.08yrs||no data||0.27% |
Experienced Board: PMX's board of directors are seasoned and experienced ( 12.9 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 181.4%.
ProAm Explorations Corporation's company bio, employee growth, exchange listings and data sources
- Name: ProAm Explorations Corporation
- Ticker: PMX
- Exchange: TSXV
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$1.452m
- Shares outstanding: 14.52m
- ProAm Explorations Corporation
- 867 West 3rd Street
- North Vancouver
- British Columbia
- V7P 1E2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PMX||TSXV (TSX Venture Exchange)||Yes||Class A Common Shares||CA||CAD||Sep 1988|
ProAm Explorations Corporation operates as a junior mineral, and oil and natural gas exploration and development company in Canada and the United States. The company owns working interests in various oil a ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/23 06:17|
|End of Day Share Price||2020/09/22 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.