CNSX:GLM

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Golden Lake Exploration

Executive Summary

Golden Lake Exploration Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral property assets. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Golden Lake Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

24.5%

GLM

-0.8%

CA Metals and Mining

-0.6%

CA Market


1 Year Return

230.0%

GLM

48.4%

CA Metals and Mining

-7.7%

CA Market

Return vs Industry: GLM exceeded the Canadian Metals and Mining industry which returned 48.4% over the past year.

Return vs Market: GLM exceeded the Canadian Market which returned -7.7% over the past year.


Shareholder returns

GLMIndustryMarket
7 Day24.5%-0.8%-0.6%
30 Day26.9%3.9%-1.1%
90 Day94.1%20.3%5.6%
1 Year230.0%230.0%49.6%48.4%-4.4%-7.7%
3 Yearn/a61.1%58.0%9.1%-1.5%
5 Yearn/a199.8%190.9%44.6%22.4%

Price Volatility Vs. Market

How volatile is Golden Lake Exploration's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Golden Lake Exploration undervalued compared to its fair value and its price relative to the market?

17.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GLM is overvalued based on its PB Ratio (17.2x) compared to the CA Metals and Mining industry average (3x).


Next Steps

Future Growth

How is Golden Lake Exploration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.2%

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 Golden Lake Exploration 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 Golden Lake Exploration performed over the past 5 years?

-73.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: GLM is currently unprofitable.

Growing Profit Margin: GLM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if GLM's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: GLM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (56.4%).


Return on Equity

High ROE: GLM has a negative Return on Equity (-204.33%), as it is currently unprofitable.


Next Steps

Financial Health

How is Golden Lake Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: GLM's short term assets (CA$192.6K) exceed its short term liabilities (CA$27.6K).

Long Term Liabilities: GLM has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GLM is debt free.

Reducing Debt: GLM 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: GLM has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GLM is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Golden Lake Exploration current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate GLM'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 GLM's dividends per share have been stable in the past.

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

1.2yrs

Average management tenure


CEO

Mike England

1.17yrs

Tenure

Mr. Michael B. England also known as Mike, has been Chief Executive Officer and President of Golden Lake Exploration Inc. since July 26, 2019. Mr. England has been Director of Golden Lake Exploration Inc. ...


Leadership Team

NamePositionTenureCompensationOwnership
Mark Lotz
Consultant1.17yrsno datano data
Michael England
CEO, President & Director1.17yrsno data1.43%
CA$ 135.1k
John Masters
CFO & Corporate Secretary1.17yrsno data0.35%
CA$ 33.0k

1.2yrs

Average Tenure

Experienced Management: GLM's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael England
CEO, President & Director1.17yrsno data1.43%
CA$ 135.1k
Giulio Bonifacio
Director0.25yrno datano data
Thomas Obradovich
Member of Advisory Board0.25yrno datano data
Robert Weicker
Member of Advisory Boardno datano datano data
John Hiner
Independent Director2.33yrsno datano data
Victor Bradley
Chairman of the Board0.50yrno datano data
Twila Jensen
Independent Director2.33yrsno data0.35%
CA$ 33.0k
Richard Reid
Member of Advisory Board0.83yrno datano data
Peter Mah
Director0.50yrno data0.049%
CA$ 4.6k

0.7yrs

Average Tenure

67yo

Average Age

Experienced Board: GLM's board of directors are not considered experienced ( 0.7 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: GLM insiders have sold more shares than they have bought 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 131.4%.


Top Shareholders

Company Information

Golden Lake Exploration Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Golden Lake Exploration Inc.
  • Ticker: GLM
  • Exchange: CNSX
  • Founded: 2018
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$9.429m
  • Shares outstanding: 28.57m
  • Website: https://www.goldenlakex.com

Location

  • Golden Lake Exploration Inc.
  • 789 West Pender Street
  • Suite 1240
  • Vancouver
  • British Columbia
  • V6C 1H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLMCNSX (Canadian National Stock Exchange)YesCommon SharesCACADMay 2019

Biography

Golden Lake Exploration Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral property assets. The company explores for gold deposits. It holds an o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 06:23
End of Day Share Price2020/09/21 00:00
Earnings2020/05/31
Annual Earnings2019/11/30


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.