Executive Summary
Meryllion Resources Corp., a natural resource company, engages in the acquisition and exploration of resource properties.
Snowflake Analysis
Worrying balance sheet with weak fundamentals.
Share Price & News
How has Meryllion Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MYR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
MYR
3.5%
CA Metals and Mining
-1.5%
CA Market
1 Year Return
-66.7%
MYR
6.8%
CA Metals and Mining
2.5%
CA Market
Return vs Industry: MYR underperformed the Canadian Metals and Mining industry which returned 5.4% over the past year.
Return vs Market: MYR underperformed the Canadian Market which returned 4.5% over the past year.
Shareholder returns
| MYR | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 3.5% | -1.5% |
| 30 Day | 0% | 5.0% | -0.7% |
| 90 Day | -50.0% | 14.3% | 1.8% |
| 1 Year | -66.7%-66.7% | 7.5%6.8% | 5.7%2.5% |
| 3 Year | -80.0%-80.0% | 2.8%1.0% | 16.8%6.2% |
| 5 Year | -83.3%-83.3% | 29.1%25.4% | 32.0%12.8% |
Price Volatility Vs. Market
How volatile is Meryllion Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Does Meryllion Resources Corp (CNSX:MYR) Go Up With The Market?Valuation
Is Meryllion Resources undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Meryllion Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Meryllion Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
Next Steps
- Take a look at our analysis of MYR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Meryllion Resources regulatory filings.
- Explore potentially undervalued companies in the Materials industry.
Future Growth
How is Meryllion Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.0%
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 Meryllion Resources 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
- Take a look at our analysis of MYR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Meryllion Resources 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 Meryllion Resources performed over the past 5 years?
64.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYR is currently unprofitable.
Growing Profit Margin: MYR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MYR is unprofitable, but has reduced losses over the past 5 years at a rate of 64.9% per year.
Accelerating Growth: Unable to compare MYR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MYR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).
Return on Equity
High ROE: MYR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is Meryllion Resources's financial position?
Financial Position Analysis
Short Term Liabilities: MYR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MYR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MYR is debt free.
Reducing Debt: MYR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Inventory Level: MYR has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MYR'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: MYR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MYR has less than a year of cash runway if free cash flow continues to grow at historical rates of 53.8% each year.
Next Steps
Dividend
What is Meryllion Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MYR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MYR'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 MYR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MYR'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 MYR'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?
2.0yrs
Average board tenure
CEO
Ben Gelfand 0
0.08yrs
Tenure
Mr. Ben Gelfand serves as the Chief Executive Director of Meryllion Resources Corp. since January 13, 2020. He serves as Managing Director of Investment Banking at Trapeze Capital. Mr. Gelfand serves as th ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.08yrs | no data | 1.35% CA$4.6k | |
| Interim CFO | 0.08yrs | no data | 0.58% CA$2.0k | |
| Independent Director | 6.3yrs | CA$30.19k | no data | |
| Director | 0.08yrs | no data | no data |
2.0yrs
Average Tenure
Experienced Board: MYR's board of directors are not considered experienced ( 2 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: MYR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.2%.
Top Shareholders
Company Information
Meryllion Resources Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Meryllion Resources Corp.
- Ticker: MYR
- Exchange: CNSX
- Founded: 2013
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$339.242k
- Shares outstanding: 67.85m
- Website: https://www.meryllionresources.com
Location
- Meryllion Resources Corp.
- 8 King Street
- Suite 1005
- Toronto
- Ontario
- M5C 1B5
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MYR | CNSX (Canadian National Stock Exchange) | Yes | Common Shares | CA | CAD | Dec 2013 |
| MYRL.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Dec 2013 |
| MRQ | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 2013 |
Biography
Meryllion Resources Corp., a natural resource company, engages in the acquisition and exploration of resource properties. The company was incorporated in 2013 and is headquartered in Toronto, Canada. Meryllion Resources Corp. is a subsidiary of Kaizen Discovery Inc.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/25 01:39 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.