CNSX:GLM

Stock Analysis Report

Golden Lake Exploration

Executive Summary

Golden Lake Exploration Inc. engages in the acquisition, exploration, and development of gold mining properties.

Snowflake

Fundamentals

Adequate 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


Market Performance


7 Day Return

-8.3%

GLM

0.1%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

n/a

GLM

12.5%

CA Metals and Mining

1.5%

CA Market

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

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


Shareholder returns

GLMIndustryMarket
7 Day-8.3%0.1%-0.2%
30 Day-4.3%-6.0%-3.5%
90 Dayn/a-5.0%-1.8%
1 Yearn/a13.5%12.5%5.1%1.5%
3 Yearn/a-11.1%-12.8%13.3%3.2%
5 Yearn/a8.0%3.9%25.2%7.2%

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

No news available

Valuation

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

5.5x

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 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 (5.5x) compared to the CA Metals and Mining industry average (1.3x).


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?

43.8%

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

  • Examine Golden Lake Exploration'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.
  • Golden Lake Exploration competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Materials industry.

Past Performance

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

35.1%

Historical Materials annual earnings growth


Earnings and Revenue History


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 (-13.7%).


Return on Equity

High ROE: GLM has a negative Return on Equity (-105.51%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GLM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GLM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Golden Lake Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: GLM's short term assets (CA$77.0K) exceeds its short term liabilities (CA$5.1K)

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

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

Debt Coverage by Assets: Insufficient data to determine if GLM's debt is covered by short term assets.


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: Insufficient data to determine if GLM has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GLM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Golden Lake Exploration's salary, the management and board of directors tenure and is there insider trading?

0.3yrs

Average management tenure


CEO

Michael England 0

0.3yrs

Tenure

0

Mr. Michael England 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. since June 21, 2019. He ...


Management Age and Tenure

0.3yrs

Average Tenure

Experienced Management: GLM's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Age and Tenure

1.4yrs

Average Tenure

Experienced Board: GLM's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$3,60016 Oct 19
Michael England
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares30,000
Max PriceCA$0.12
BuyCA$6,60009 Oct 19
England Communications Ltd.
EntityCompany
Shares55,000
Max PriceCA$0.12
BuyCA$30,00012 Sep 19
England Communications Ltd.
EntityCompany
Shares300,000
Max PriceCA$0.10
BuyCA$9,00027 Aug 19
England Communications Ltd.
EntityCompany
Shares900,000
Max PriceCA$0.01

Ownership Breakdown


Management Team

  • Mark Lotz (55yo)

    Consultant

    • Tenure: 0.3yrs
  • John Masters

    CFO, Corporate Secretary & Director

    • Tenure: 0.3yrs
  • Michael England

    CEO, President & Director

    • Tenure: 0.3yrs

Board Members

  • Jon Hiner (71yo)

    Director

    • Tenure: 1.4yrs
  • Dusan Berka (73yo)

    Director

    • Tenure: 1.4yrs
  • John Masters

    CFO, Corporate Secretary & Director

    • Tenure: 0.3yrs
  • Twila Jensen

    Director

    • Tenure: 1.4yrs
  • Michael England

    CEO, President & Director

    • Tenure: 0.3yrs

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: Gold
  • Sector: Materials
  • Market Cap: CA$1.359m
  • Shares outstanding: 12.35m
  • Website: https://null

Location

  • Golden Lake Exploration Inc.
  • 551 Howe Street
  • Suite 200
  • Vancouver
  • British Columbia
  • V6C 2C2
  • Canada

Listings

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

Biography

Golden Lake Exploration Inc. engages in the acquisition, exploration, and development of gold mining properties. The company was incorporated in 2018 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 Analysis2019/10/21 01:01
End of Day Share Price2019/10/16 00:00
Earnings2018/11/30
Annual Earnings2018/11/30


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.