CNSX:EZNC

Stock Analysis Report

Executive Summary

Eastern Zinc Corp., a junior exploration company, focuses on the acquisition, exploration, and development of resources properties.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Eastern Zinc's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EZNC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

40.0%

EZNC

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

n/a

EZNC

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: Insufficient data to determine how EZNC performed against the Canadian Metals and Mining industry.

Return vs Market: Insufficient data to determine how EZNC performed against the Canadian Market.


Shareholder returns

EZNCIndustryMarket
7 Day40.0%-6.0%-6.2%
30 Day75.0%-1.0%-5.0%
90 Day16.7%4.9%-2.8%
1 Yearn/a2.9%2.2%1.1%-2.0%
3 Yearn/a-2.8%-4.5%10.7%0.6%
5 Year-65.0%-65.0%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

How volatile is Eastern Zinc's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Eastern Zinc undervalued compared to its fair value and its price relative to the market?

1.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EZNC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate EZNC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EZNC is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: EZNC 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 EZNC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EZNC is good value based on its PB Ratio (1x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.0%

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 Eastern Zinc 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 Eastern Zinc performed over the past 5 years?

-84.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EZNC is currently unprofitable.

Growing Profit Margin: EZNC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EZNC is unprofitable, and losses have increased over the past 5 years at a rate of -84.2% per year.

Accelerating Growth: Unable to compare EZNC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EZNC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: EZNC has a negative Return on Equity (-224.8%), as it is currently unprofitable.


Next Steps

Financial Health

How is Eastern Zinc's financial position?


Financial Position Analysis

Short Term Liabilities: EZNC's short term assets (CA$178.5K) do not cover its short term liabilities (CA$495.8K).

Long Term Liabilities: EZNC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: EZNC's debt to equity ratio (8.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if EZNC's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: EZNC's debt is not covered by short term assets (assets are 0.9x debt).


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: EZNC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: EZNC has less than a year of cash runway if free cash flow continues to reduce at historical rates of -54.5% each year


Next Steps

Dividend

What is Eastern Zinc's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EZNC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EZNC'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 EZNC'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?

1.7yrs

Average board tenure


CEO

Paul Ténière 0

0.9yrs

Tenure

Mr. Paul Ténière, M.Sc., P.Geo., has been Chief Executive Officer and Director of Cameo Industries Corp. since July 2019. Mr. Ténière is a professional geologist at with diverse experience in the mining an ...


Board Members

NamePositionTenureCompensationOwnership
Joel Dumaresq
Chairman & CFO0.9yrsCA$33.60k0.031% CA$739.5
Stephen Stine
Independent Director1.7yrsCA$40.12kno data
Fred Antonio Tejada
Independent Director1.8yrsCA$40.12kno data

1.7yrs

Average Tenure

61yo

Average Age

Experienced Board: EZNC's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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 381.7%.


Top Shareholders

Company Information

Eastern Zinc Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eastern Zinc Corp.
  • Ticker: EZNC
  • Exchange: CNSX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$2.373m
  • Shares outstanding: 67.80m
  • Website: https://www.easternzinc.com

Location

  • Eastern Zinc Corp.
  • 789 West Pender Street
  • Suite 810
  • Vancouver
  • British Columbia
  • V6C 1H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EZNCCNSX (Canadian National Stock Exchange)YesCommon SharesCACADApr 2008
3EZDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2008

Biography

Eastern Zinc Corp., a junior exploration company, focuses on the acquisition, exploration, and development of resources properties. It has an option to acquire 100% interest in Grouse Mountain property comprising 7 contiguous mineral claims covering an area of approximately 1,763 hectares situated in the Bulkley-Nechako Regional District of British Columbia; and a 100% interest in Clear Lake property, which include 121 contiguous claims that covers approximately 2,479 hectares situated in the Whitehorse Mining Division. The company was formerly known as Cricket Resources Inc. and changed its name to Eastern Zinc Corp. in July 2017. Eastern Zinc Corp. was incorporated in 2006 and is based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 01:12
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.