Loading...

Eastern Zinc

CNSX:EZNC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EZNC
CNSX
CA$8M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Eastern Zinc Corp., a junior exploration company, focuses on the acquisition, exploration, and development of resources properties. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Eastern Zinc has significant price volatility in the past 3 months.
EZNC Share Price and Events
7 Day Returns
0%
CNSX:EZNC
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-51.9%
CNSX:EZNC
-3.9%
CA Metals and Mining
2.6%
CA Market
EZNC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eastern Zinc (EZNC) 0% 47.1% - -51.9% - -90.7%
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • EZNC underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • EZNC underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
EZNC
Industry
5yr Volatility vs Market

EZNC Value

 Is Eastern Zinc 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 Eastern Zinc. This is due to cash flow or dividend data being unavailable. The share price is CA$0.125.
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 Eastern Zinc's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eastern Zinc's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:EZNC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.05
CNSX:EZNC Share Price ** CNSX (2019-03-15) in CAD CA$0.13
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

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

** Primary Listing of Eastern Zinc.

CNSX:EZNC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:EZNC Share Price ÷ EPS (both in CAD)

= 0.13 ÷ -0.05

-2.34x

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

  • Eastern Zinc is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Eastern Zinc is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Eastern Zinc's expected growth come at a high price?
Raw Data
CNSX:EZNC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*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 Eastern Zinc, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eastern Zinc's assets?
Raw Data
CNSX:EZNC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.10
CNSX:EZNC Share Price * CNSX (2019-03-15) in CAD CA$0.13
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
CNSX:EZNC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:EZNC Share Price ÷ Book Value per Share (both in CAD)

= 0.13 ÷ 0.10

1.24x

* Primary Listing of Eastern Zinc.

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

  • Eastern Zinc is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Eastern Zinc'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Eastern Zinc has a total score of 1/6, 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.

EZNC Future Performance

 How is Eastern Zinc 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 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 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
34.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eastern Zinc expected to grow at an attractive rate?
  • Unable to compare Eastern Zinc's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eastern Zinc's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Eastern Zinc's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:EZNC Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
CNSX:EZNC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
CNSX:EZNC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -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 0
2016-06-30 0 0
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eastern Zinc is high growth as no earnings estimate data is available.
  • Unable to determine if Eastern Zinc 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
CNSX:EZNC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Eastern Zinc Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:EZNC Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.05
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.02

*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 Eastern Zinc will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Eastern Zinc'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. Eastern Zinc'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 Materials companies here
  3. Eastern Zinc'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 Eastern Zinc'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.
Eastern Zinc 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.

EZNC Past Performance

  How has Eastern Zinc 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 Eastern Zinc's growth in the last year to its industry (Metals and Mining).
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.
  • Eastern Zinc does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Eastern Zinc's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Eastern Zinc's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Eastern Zinc'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 Eastern Zinc Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:EZNC 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 -1.25 1.23
2018-09-30 -0.30 0.30
2018-06-30 -0.19 0.20
2018-03-31 -0.15 0.14
2017-12-31 -0.15 0.13
2017-09-30 -0.12 0.11
2017-06-30 -0.11 0.09
2017-03-31 -0.09 0.08
2016-12-31 -0.07 0.06
2016-09-30 -0.07 0.06
2016-06-30 -0.07 0.06
2016-03-31 -0.07 0.06
2015-12-31 -0.07 0.06
2015-09-30 -0.07 0.06
2015-06-30 -0.07 0.05
2015-03-31 -0.06 0.05
2014-12-31 -0.07 0.05
2014-09-30 -0.07 0.06
2014-06-30 -0.08 0.07
2014-03-31 -0.09 0.07
2013-12-31 -0.09 0.08
2013-09-30 -0.10 0.09
2013-06-30 -0.10 0.08
2013-03-31 -0.10 0.07
2012-12-31 -0.11 0.08
2012-09-30 -0.13 0.10
2012-06-30 -0.46 0.11
2012-03-31 -0.46 0.11

*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 Eastern Zinc has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Eastern Zinc has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Eastern Zinc 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 Eastern Zinc'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 Metals and Mining 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.
Eastern Zinc 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.

EZNC Health

 How is Eastern Zinc'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 Eastern Zinc's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eastern Zinc is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eastern Zinc has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eastern Zinc'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.
  • Eastern Zinc 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 Eastern Zinc Company Filings, last reported 2 months ago.

CNSX:EZNC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6.14 0.00 0.11
2018-09-30 0.57 0.00 0.62
2018-06-30 0.68 0.00 0.75
2018-03-31 -0.28 0.03 0.00
2017-12-31 -0.24 0.01 0.00
2017-09-30 -0.19 0.01 0.00
2017-06-30 -0.16 0.01 0.00
2017-03-31 -0.13 0.00 0.00
2016-12-31 -0.09 0.00 0.00
2016-09-30 -0.07 0.00 0.01
2016-06-30 -0.06 0.00 0.01
2016-03-31 -0.04 0.00 0.01
2015-12-31 -0.02 0.00 0.02
2015-09-30 0.00 0.00 0.04
2015-06-30 0.01 0.00 0.05
2015-03-31 0.03 0.00 0.06
2014-12-31 0.05 0.00 0.07
2014-09-30 0.06 0.00 0.08
2014-06-30 0.08 0.00 0.09
2014-03-31 0.09 0.00 0.11
2013-12-31 0.12 0.00 0.14
2013-09-30 0.13 0.00 0.16
2013-06-30 0.15 0.00 0.16
2013-03-31 0.18 0.00 0.19
2012-12-31 0.21 0.00 0.23
2012-09-30 0.24 0.00 0.26
2012-06-30 0.26 0.00 0.27
2012-03-31 0.28 0.00 0.29
  • Eastern Zinc has no debt.
  • Eastern Zinc 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.

  • Eastern Zinc has less than a year of cash runway based on current free cash flow.
  • Eastern Zinc has less than a year of cash runway if free cash flow continues to grow at historical rates of 121.4% each year.
X
Financial health checks
We assess Eastern Zinc'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. Eastern Zinc 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.

EZNC Dividends

 What is Eastern Zinc'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 Eastern Zinc dividends.
If you bought CA$2,000 of Eastern Zinc 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 Eastern Zinc's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eastern Zinc'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
CNSX:EZNC 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 Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

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 Eastern Zinc has not reported any payouts.
  • Unable to verify if Eastern Zinc's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eastern Zinc's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eastern Zinc 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 Eastern Zinc's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Eastern Zinc afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eastern Zinc 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.

EZNC Management

 What is the CEO of Eastern Zinc'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
Mike Dake
COMPENSATION CA$0
AGE 45
TENURE AS CEO 7.8 years
CEO Bio

Mr. Michael R. Dake, also known as Mike, has been Chief Executive Officer and Corporate Secretary at Cayenne Capital Corp since October 15, 2015 and September 09, 2016 respectively. Mr. Dake served as President of Smooth Rock Ventures Corp. since July 2011 until June 2018. Mr. Dake has been the President, Chief Executive Officer and Secretary of Eastern Zinc Corp. (formerly Cricket Resources, Inc.) since June 2008. Mr. Dake has been the President of Creston Capital Corp since March 2010. He has been Chief Executive Officer of Pure Energy Minerals Limited since March 13, 2012. He served as Interim Chief Executive Officer at Pure Energy Minerals Limited until October 2012. He served as an Interim Chief Executive Officer and Interim President of Emperor Oil Ltd. since September 30, 2013 until July 25, 2014. Mr. Dake served as the Chief Executive Officer of Harmony Gold Corp. from March 13, 2012 to October 18, 2012. He has 16 years of experience providing financing, investor relations and corporate communication services to public companies. He began his career with PhotoChannel Networks Ltd and worked here from September 1999 to October 2000. Since that time, he has worked in the investor relations capacity for Appareo Software Inc. from May 2000 to October 2002; Tyner Resources from January 2003 to April 2007; AMI Resources Inc. from April 2007 to March 2009 and Westminster Resources from March 2009 to February 2010. He served as a Director of Smooth Rock Ventures Corp. from July 22, 2011 to June 13, 2018. He has been a Director of Cayenne Capital Corp since October 15, 2015. He has been a Director of Eastern Zinc Corp. since June 2008. He has been a Director of Pure Energy Minerals Limited since March 13, 2012. He served as a Director of Shamrock Enterprises Inc. from April 17, 2008 to March 30, 2017. He served as a Director of Emperor Oil Ltd. from September 30, 2013 to August 25, 2014. He served as a Director of Portofino Resources Inc. since March 05, 2015 until August 2016. He served as a Director of Taipan Resources Inc. (now Molori Energy Inc.) since May 30, 2011 until July 2012 and New Destiny Mining Corp since November 17, 2011 until November 2012. Mr. Dake serves as the Chief Executive Officer and Director at 66 Resources Corp. Mr. Dake completed the Public Companies Financing, Governance and Compliance course from Simon Fraser University in 2008.

CEO Compensation
  • Insufficient data for Mike to compare compensation growth.
  • Mike's remuneration is lower than average for companies of similar size in Canada.
Management Team

Mike Dake

TITLE
President
AGE
45
TENURE
7.8 yrs

Joel Dumaresq

TITLE
CFO & Director
COMPENSATION
CA$34K
AGE
52
TENURE
7.5 yrs
Board of Directors Tenure

Average tenure and age of the Eastern Zinc board of directors in years:

3.7
Average Tenure
56
Average Age
  • The tenure for the Eastern Zinc board of directors is about average.
Board of Directors

Mike Dake

TITLE
President
AGE
45
TENURE
7.8 yrs

Joel Dumaresq

TITLE
CFO & Director
COMPENSATION
CA$34K
AGE
52
TENURE
7.5 yrs

Fred Antonio Tejada

TITLE
Director
AGE
60
TENURE
0.9 yrs

Steve Stine

TITLE
Director
AGE
70
TENURE
0.8 yrs

Michael Kron

TITLE
Independent Director
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Eastern Zinc insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
06. Mar 19 Buy Joel Dumaresq Individual 06. Mar 19 06. Mar 19 9,000 CA$0.12 CA$1,080
23. Apr 18 Buy Michael Dake Individual 17. Apr 18 17. Apr 18 100,000 CA$0.17 CA$16,500
X
Management checks
We assess Eastern Zinc'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. Eastern Zinc 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.

EZNC News

Simply Wall St News

EZNC Company Info

Description

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 mineral claims that covers approximately 2,479 hectares located in the Whitehorse Mining Division. The company also holds interest in the Bathurst Mining project comprising 207 mineral claims covering an area of approximately 8,000 acres situated in New Brunswick; The Buchans South Zinc project consists of 65 mineral claims that cover approximately 4,030 acres located in Buchans Mining District, Newfoundland; and The Black Duck Zinc project situated in the Daniel’s Harbour Zinc District, Newfoundland. In addition, it owns interest in BC Zinc Assets comprising 7 zinc exploration projects located in British Columbia, which include Ron Zinc project covers an area of approximately 6,175 acres; Cardiac Creek West Zinc project that covers an area of approximately 2,036 acres; Bonanza Zinc project covering an area of approximately 422 acres; Ern Zinc project, which covers an area of approximately 867 acres; Bear Central Zinc project covering an area of approximately 1,483 acres; and Red Zinc project covers an area of approximately 2,655 acres. 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.

Details
Name: Eastern Zinc Corp.
EZNC
Exchange: CNSX
Founded: 2006
CA$8,335,499
66,683,992
Website: http://
Address: Eastern Zinc Corp.
789 West Pender Street,
Suite 810,
Vancouver,
British Columbia, V6C 1H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX EZNC Common Shares Canadian National Stock Exchange CA CAD 10. Apr 2008
DB 3EZ Common Shares Deutsche Boerse AG DE EUR 10. Apr 2008
Number of employees
Current staff
Staff numbers
0
Eastern Zinc employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:08
End of day share price update: 2019/03/15 00:00
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.