Loading...

Smooth Rock Ventures

TSXV:SOCK
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOCK
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Smooth Rock Ventures Corp. acquires, explores for, and develops mineral, and oil and gas properties. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • Smooth Rock Ventures has significant price volatility in the past 3 months.
SOCK Share Price and Events
7 Day Returns
0%
TSXV:SOCK
-3.5%
CA Oil and Gas
-1.7%
CA Market
1 Year Returns
38.5%
TSXV:SOCK
-11.3%
CA Oil and Gas
-2.4%
CA Market
SOCK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Smooth Rock Ventures (SOCK) 0% -10% 100% 38.5% -10% -25%
CA Oil and Gas -3.5% -7.9% -2.6% -11.3% -11.4% -36.3%
CA Market -1.7% -3.5% -0.2% -2.4% 10.4% 3.7%
1 Year Return vs Industry and Market
  • SOCK outperformed the Oil and Gas industry which returned -11.3% over the past year.
  • SOCK outperformed the Market in Canada which returned -2.4% over the past year.
Price Volatility
SOCK
Industry
5yr Volatility vs Market

SOCK Value

 Is Smooth Rock Ventures undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Smooth Rock Ventures. This is due to cash flow or dividend data being unavailable. The share price is CA$0.09.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Smooth Rock Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Smooth Rock Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:SOCK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.03
TSXV:SOCK Share Price ** TSXV (2019-05-24) in CAD CA$0.09
Canada Oil and Gas Industry PE Ratio Median Figure of 57 Publicly-Listed Oil and Gas Companies 13.87x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Smooth Rock Ventures.

TSXV:SOCK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:SOCK Share Price ÷ EPS (both in CAD)

= 0.09 ÷ -0.03

-3.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Smooth Rock Ventures is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Smooth Rock Ventures is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Smooth Rock Ventures's expected growth come at a high price?
Raw Data
TSXV:SOCK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 36 Publicly-Listed Oil and Gas Companies 0.91x
Canada Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Smooth Rock Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Smooth Rock Ventures's assets?
Raw Data
TSXV:SOCK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.00
TSXV:SOCK Share Price * TSXV (2019-05-24) in CAD CA$0.09
Canada Oil and Gas Industry PB Ratio Median Figure of 225 Publicly-Listed Oil and Gas Companies 0.83x
Canada Market PB Ratio Median Figure of 2,405 Publicly-Listed Companies 1.41x
TSXV:SOCK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:SOCK Share Price ÷ Book Value per Share (both in CAD)

= 0.09 ÷ 0.00

31.16x

* Primary Listing of Smooth Rock Ventures.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Smooth Rock Ventures is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Smooth Rock Ventures's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Smooth Rock Ventures has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SOCK Future Performance

 How is Smooth Rock Ventures expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Smooth Rock Ventures 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Smooth Rock Ventures expected to grow at an attractive rate?
  • Unable to compare Smooth Rock Ventures's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Smooth Rock Ventures's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Smooth Rock Ventures's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:SOCK Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:SOCK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:SOCK Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -1
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0 -2
2016-06-30 0 -2
2016-03-31 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Smooth Rock Ventures is high growth as no earnings estimate data is available.
  • Unable to determine if Smooth Rock Ventures is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:SOCK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Smooth Rock Ventures Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:SOCK Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.03
2018-09-30 0.00
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 -0.01
2016-09-30 -0.09
2016-06-30 -0.10
2016-03-31 -0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Smooth Rock Ventures will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Smooth Rock Ventures'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.
  2. Smooth Rock Ventures's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Smooth Rock Ventures's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Smooth Rock Ventures's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Smooth Rock Ventures has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SOCK Past Performance

  How has Smooth Rock Ventures performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Smooth Rock Ventures's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Smooth Rock Ventures does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Smooth Rock Ventures's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Smooth Rock Ventures's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Smooth Rock Ventures's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Smooth Rock Ventures Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:SOCK Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.83 0.10
2018-09-30 -0.05 0.08
2018-06-30 -0.20 0.15
2018-03-31 -0.28 0.15
2017-12-31 -0.24 0.09
2017-09-30 -0.25 0.10
2017-06-30 -0.06 0.05
2017-03-31 0.00 0.06
2016-12-31 -0.18 0.07
2016-09-30 -1.73 0.11
2016-06-30 -1.72 0.11
2016-03-31 -1.71 0.11
2015-12-31 -1.51 0.09
2015-09-30 -0.03 0.10
2015-06-30 -0.08 0.08
2015-03-31 -0.12 0.13
2014-12-31 -0.22 0.23
2014-09-30 -0.27 0.29
2014-06-30 -0.39 0.41
2014-03-31 -0.46 0.47
2013-12-31 -0.49 0.50
2013-09-30 -1.62 0.61
2013-06-30 -1.58 0.58
2013-03-31 -1.53 0.57
2012-12-31 -1.87 0.96
2012-09-30 -0.82 0.82
2012-06-30 2.26 0.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Smooth Rock Ventures has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Smooth Rock Ventures has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Smooth Rock Ventures improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Smooth Rock Ventures's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Smooth Rock Ventures has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SOCK Health

 How is Smooth Rock Ventures's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Smooth Rock Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Smooth Rock Ventures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Smooth Rock Ventures has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Smooth Rock Ventures's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Smooth Rock Ventures has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Smooth Rock Ventures Company Filings, last reported 4 months ago.

TSXV:SOCK Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.08 0.00 0.12
2018-09-30 0.82 0.00 0.11
2018-06-30 0.83 0.00 0.12
2018-03-31 0.84 0.00 0.14
2017-12-31 0.20 0.00 0.31
2017-09-30 2.42 0.00 0.02
2017-06-30 2.59 0.00 0.04
2017-03-31 2.68 0.00 0.06
2016-12-31 2.71 0.00 0.08
2016-09-30 2.67 0.00 0.08
2016-06-30 2.65 0.00 0.10
2016-03-31 2.68 0.00 0.13
2015-12-31 2.89 0.00 0.21
2015-09-30 4.35 0.20 0.33
2015-06-30 1.38 0.20 0.04
2015-03-31 1.40 0.00 0.06
2014-12-31 1.41 0.20 0.07
2014-09-30 1.45 0.15 0.07
2014-06-30 1.46 0.15 0.07
2014-03-31 1.52 0.00 0.14
2013-12-31 1.62 0.00 0.21
2013-09-30 1.71 0.08 0.09
2013-06-30 1.16 0.11 0.06
2013-03-31 1.28 0.07 0.81
2012-12-31 1.40 0.00 1.34
2012-09-30 2.53 0.00 0.80
2012-06-30 2.62 0.00 0.92
  • Smooth Rock Ventures has no debt.
  • Smooth Rock Ventures 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.

  • Smooth Rock Ventures has less than a year of cash runway based on current free cash flow.
  • Smooth Rock Ventures has less than a year of cash runway if free cash flow continues to grow at historical rates of 32.4% each year.
X
Financial health checks
We assess Smooth Rock Ventures's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Smooth Rock Ventures has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SOCK Dividends

 What is Smooth Rock Ventures's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Smooth Rock Ventures dividends.
If you bought CA$2,000 of Smooth Rock Ventures shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Smooth Rock Ventures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Smooth Rock Ventures's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:SOCK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 4.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Smooth Rock Ventures has not reported any payouts.
  • Unable to verify if Smooth Rock Ventures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Smooth Rock Ventures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Smooth Rock Ventures has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Smooth Rock Ventures's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Smooth Rock Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Smooth Rock Ventures has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SOCK Management

 What is the CEO of Smooth Rock Ventures's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeffrey Cocks
COMPENSATION CA$15,000
AGE 55
TENURE AS CEO 7.8 years
CEO Bio

Mr. Jeffrey A. Cocks, also known as Jeff, is an Operations Management Consultant. He serves as Director at Red Metal Resources Ltd. since February 28, 2019. Mr. Cocks serves as a Director at Edison Cobalt Corp. Mr. Jeffrey served as Chief Executive Officer and President of Edison Cobalt Corp. (formerly known as Power Americas Minerals Corporation) from January 9, 2017 to September 2018. Mr. Cocks is President of West Isle Ventures Ltd. since 1994. Mr. Cocks serves as the Chief Executive Officer and Owner of West Isle Ventures Ltd. Mr. Cocks has been the Chairman, Chief Executive Officer, President, Chief Financial Officer, Principal Accounting Officer and Secretary at Nevada Canyon Gold Corp. since February 28, 2014. Mr. Cocks has been the Chief Executive Officer of Smooth Rock Ventures Corp. (formerly Trinity Valley Energy Corp.) since July 22, 2011 and also has been its President since June 13, 2018. Mr. Cocks has an extensive financial, operational and administrative background and experience with various sector startups and natural resource companies. He has managed numerous multimillion dollar exploration programs throughout the world for resource companies and has served as a director and officer for several public companies, both in the United States and Canada. He served as Chief Executive Officer, President and Chief Financial Officer of SmartChase Corp. until March 21, 2012. He served as the President of Smooth Rock Ventures Corp. (formerly Trinity Valley Energy Corp.) since July 22, 2011 and also served as its Secretary. He served as the Chief Executive Officer and President at Walker River Resources Corp. Mr. Cocks is a self-employed business man. Mr. Cocks served as the Chief Executive Officer and President of Portola Resources Inc., from June 19, 2012 to June 25, 2013. He served as President, Chief Executive Officer and Chief Financial Officer of Northern Empire Energy Corporation until March 21, 2012. Mr. Cocks served as Chief Executive Officer and President of Britannica Resources since February 14, 2007. He served as Chief Operating Officer of Frontier Energy Corp. since February 15, 2006. He has been a Director of Lithium Energi Exploration, Inc. (formerly known as Lithium Energi Exploration Inc.) since June 19, 2012. He served as the Chief Operating Officer of Northern Star Mining Corp. since February 18, 2003. Mr. Cocks served as an Operations Manager for Big Valley Resources Ltd. from 1988 to 1998 where he was responsible for Finance and Administration. He acted as an Independent Financial and Administrative Consultant to private and public venture capital companies. From 1998 to 2002 and again in 2004 and 2005, he was an integral part of the Adrian Resources team that discovered and developed the Petaquilla Deposit in the Republic of Panama. He served as the Chairman of Northern Empire Energy Corporation since November 17, 2008 and Britannica Resources since April 7, 2010. Mr. Cocks served as the Chairman of Smooth Rock Ventures Corp. (formerly Trinity Valley Energy Corp.) since December 12, 2006. He also served as its Chairman of Smooth Rock Ventures Corp. since October 16, 2013 until June 2018. He served as Chairman of SmartChase Corp. since November 27, 2008 until March 21, 2012 and also served as its Director until March 21, 2012. He has been Director at Power Americas Minerals Corp. since December 8, 2016. He has been a Director of Portola Resources Inc. since June 19, 2012. He has been a Director of Smooth Rock Ventures Corp. (formerly Trinity Valley Energy Corp.) since December 12, 2006. He served as a Director of Rhino Exploration Inc. since December 17, 2010. He served as an Independent Director of Northern Star Mining Corp. since February 18, 2003. He served as Director of Walker River Resources Corp. since December 17, 2010. He served as a Director of Pacific Fuel Cell Corp. since 1999. He served as a Director of Lund Enterprises Corp since June 23, 1999. He served as a Director at Oromin Explorations Ltd., and Lund Gold Ltd. Mr. Cocks completed the Canadian Securities Course in 1987 and the Securities Continuous Disclosure Program for Directors and Officers, through Simon Fraser University in 1996. Mr. Cocks has a degree from Simon Frasier University in its securities program.

CEO Compensation
  • Jeffrey's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeffrey's remuneration is lower than average for companies of similar size in Canada.
Management Team

Jeffrey Cocks

TITLE
CEO, President & Director
COMPENSATION
CA$15K
AGE
55
TENURE
7.8 yrs

Chris Hobbs

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$15K
AGE
52
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure of the Smooth Rock Ventures board of directors in years:

1.3
Average Tenure
  • The average tenure for the Smooth Rock Ventures board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeffrey Cocks

TITLE
CEO, President & Director
COMPENSATION
CA$15K
AGE
55
TENURE
12.4 yrs

Chris Hobbs

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$15K
AGE
52
TENURE
1.3 yrs

Michel David

TITLE
Director
TENURE
0.9 yrs

Eric Falardeau

TITLE
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Smooth Rock Ventures's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Smooth Rock Ventures has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SOCK News

Simply Wall St News

Could Smooth Rock Ventures Corp's (CVE:SOCK) Investor Composition Influence The Stock Price?

A look at the shareholders of Smooth Rock Ventures Corp (CVE:SOCK) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Smooth Rock Ventures is not a large company by global standards.

Simply Wall St -

Why Smooth Rock Ventures Corp's (CVE:SOCK) Ownership Structure Is Important

Today, I will be analyzing Smooth Rock Ventures Corp’s (CVE:SOCK) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … See our latest analysis for Smooth Rock Ventures

Simply Wall St -

SOCK Company Info

Description

Smooth Rock Ventures Corp. acquires, explores for, and develops mineral, and oil and gas properties. It has an option to acquire a 100% interest in the Mattagami River zinc property comprising 14 unpatented mining claims located northeast of the town of Kapuskasing, Ontario; and a 33.33% working interest in the Days Chapel enhanced oil recovery project situated in Anderson County, Texas. The company was formerly known as Trinity Valley Energy Corp. and changed its name to Smooth Rock Ventures Corp. in November 2017. Smooth Rock Ventures Corp. was incorporated in 1966 and is based in Vancouver, Canada.

Details
Name: Smooth Rock Ventures Corp.
SOCK
Exchange: TSXV
Founded: 1966
CA$3,912,004
43,466,722
Website: http://www.smoothrockventures.com
Address: Smooth Rock Ventures Corp.
789 West Pender Street,
Suite 1080,
Vancouver,
British Columbia, V6C 1H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV SOCK Common Shares TSX Venture Exchange CA CAD 06. Sep 1988
Number of employees
Current staff
Staff numbers
0
Smooth Rock Ventures employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:32
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/04/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.