TSXV:PMX

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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. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

-14.3%

PMX

-4.9%

CA Oil and Gas

-3.3%

CA Market


1 Year Return

n/a

PMX

-35.9%

CA Oil and Gas

-9.7%

CA Market

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.


Shareholder returns

PMXIndustryMarket
7 Day-14.3%-4.9%-3.3%
30 Day-10.0%-13.8%-4.4%
90 Day-25.0%-5.2%5.1%
1 Yearn/a-32.3%-35.9%-6.5%-9.7%
3 Year50.0%50.0%-36.8%-44.5%5.3%-4.9%
5 Year500.0%500.0%-23.4%-36.7%38.7%17.3%

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?

2.14x

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 (2.1x) compared to the CA Oil and Gas industry average (0.8x).


Next Steps

Future Growth

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

46.2%

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?

-17.5%

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.


Next Steps

Financial Health

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.


Balance Sheet


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.


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.9yrs

Average board tenure


CEO

Donald MacDonald

no data

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 ...


Board Members

NamePositionTenureCompensationOwnership
Donald MacDonald
CEO, President & Non-Independent Directorno datano data3.17%
CA$ 41.5k
W. Davidson
CFO & Director28.08yrsno data0.74%
CA$ 9.6k
David Trueman
Independent Director12.92yrsno data0.015%
CA$ 200.9
Allan Fabbro
Director0.33yrno datano data
Donald MacDonald
Independent Director9.08yrsno data0.27%
CA$ 3.5k

12.9yrs

Average Tenure

Experienced Board: PMX's board of directors are seasoned and experienced ( 12.9 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 181.4%.


Top Shareholders

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$1.307m
  • Shares outstanding: 14.52m

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 Analysis2020/09/25 05:39
End of Day Share Price2020/09/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.