TSXV:PMX

Stock Analysis Report

ProAm Explorations

Executive Summary

ProAm Explorations Corporation operates as a junior mineral, and oil and natural gas exploration and development company in Canada and the United States.

Snowflake

Fundamentals

Adequate 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


Market Performance


7 Day Return

55.6%

PMX

1.2%

CA Oil and Gas

0.3%

CA Market


1 Year Return

-22.2%

PMX

-13.3%

CA Oil and Gas

0.1%

CA Market

Return vs Industry: PMX underperformed the Canadian Oil and Gas industry which returned -13.3% over the past year.

Return vs Market: PMX underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

PMXIndustryMarket
7 Day55.6%1.2%0.3%
30 Day55.6%-4.7%-2.5%
90 Day16.7%-4.0%-1.4%
1 Year-22.2%-22.2%-9.3%-13.3%3.6%0.1%
3 Year55.6%55.6%-15.8%-24.3%14.3%4.1%
5 Year133.3%133.3%-22.2%-34.0%25.0%6.9%

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

Valuation

Is ProAm Explorations undervalued compared to its fair value and its price relative to the market?

1.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: PMX (CA$0.07) is trading above our estimate of fair value (CA$0.02)

Significantly Undervalued: PMX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PMX is unprofitable, so we can't compare its PE Ratio to the 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

Low 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 (1.1x) compared to the CA Oil and Gas industry average (0.6x).


Next Steps

  • Explore potentially undervalued companies in the Energy industry.

Future Growth

How is ProAm Explorations forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-3.1%

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.


Next Steps

Past Performance

How has ProAm Explorations performed over the past 5 years?

-23.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PMX is unprofitable, and losses have increased over the past 5 years at a rate of -23.4% 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 (62.2%).


Return on Equity

High ROE: PMX has a negative Return on Equity (-35.2%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: PMX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: PMX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ProAm Explorations's financial position?


Financial Position Analysis

Short Term Liabilities: PMX's short term assets (CA$16.8K) do not cover its short term liabilities (CA$146.9K)

Long Term Liabilities: PMX's short term assets (16.8K) do not cover its long term liabilities (38.6K)


Debt to Equity History and Analysis

Debt Level: PMX is debt free.

Reducing Debt: PMX has not had any debt for past 5 years.


Balance Sheet

Inventory Level: PMX has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PMX's debt is covered by short term assets.


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: Whilst unprofitable PMX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PMX is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -53% per year.


Next Steps

Dividend

What is ProAm Explorations's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate PMX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PMX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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.


Next Steps

Management

What is the CEO of ProAm Explorations's salary, the management and board of directors tenure and is there insider trading?

18.2yrs

Average board tenure


CEO

Donald MacDonald 0

0yrs

Tenure

0

Mr. Donald Leo MacDonald has been the Chief Executive Officer and President of Luzon Minerals Ltd. since June 24, 2005. He served as the Chief Executive Officer and President of Black Isle Resources Corpor ...


Board Age and Tenure

18.2yrs

Average Tenure

Experienced Board: PMX's board of directors are seasoned and experienced ( 18.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$1,81028 Aug 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares37,666.66
Max PriceCA$0.06
BuyCA$20015 Jul 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares3,333.33
Max PriceCA$0.06
BuyCA$1,34026 Jun 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares22,333.33
Max PriceCA$0.06
BuyCA$44025 Jun 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares7,333.33
Max PriceCA$0.06
BuyCA$4013 Jun 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares666.67
Max PriceCA$0.06
BuyCA$20003 Jun 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares3,333.33
Max PriceCA$0.06
BuyCA$2030 May 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares333.33
Max PriceCA$0.06
BuyCA$90022 Apr 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares12,000
Max PriceCA$0.075
BuyCA$12522 Apr 19
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares1,666.67
Max PriceCA$0.075
BuyCA$1,22528 Dec 18
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares16,333.33
Max PriceCA$0.075
BuyCA$12511 Dec 18
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares1,666.67
Max PriceCA$0.075
BuyCA$1,58521 Nov 18
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares13,333.33
Max PriceCA$0.12
SellCA$35,00131 Oct 18
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares333,333.3
Max PriceCA$0.11
BuyCA$1,55025 Oct 18
Glencoe-MacDonald Holdings Ltd
EntityCompany
Shares21,666.66
Max PriceCA$0.075

Ownership Breakdown


Management Team

  • W. Davidson

    CFO & Director

    • Tenure: 27.2yrs
  • Donald MacDonald

    CEO, President & Non-Independent Director

    • Tenure: 0yrs
  • Christine Davis

    Secretary

    • Tenure: 0yrs

Board Members

  • Dave Trueman

    Independent Director

    • Tenure: 12yrs
  • W. Davidson

    CFO & Director

    • Tenure: 27.2yrs
  • Donald MacDonald

    CEO, President & Non-Independent Director

    • Tenure: 0yrs
  • Donald MacDonald

    Independent Director

    • Tenure: 8.2yrs

Company Information

ProAm Explorations Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ProAm Explorations Corporation
  • Ticker: PMX
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$361.291k
  • Shares outstanding: 5.16m
  • Website: https://null

Location

  • ProAm Explorations Corporation
  • 867 West 3rd Street
  • North Vancouver
  • British Columbia
  • V7P 1E2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PMXTSXV (TSX Venture Exchange)YesClass A Common SharesCACADSep 1988

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:36
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.