Primary Energy Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada.
+ 1 more risk
Mediocre balance sheet with weak fundamentals.
Share Price & News
How has Primary Energy Metals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRIM has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: PRIM underperformed the Canadian Metals and Mining industry which returned 27.7% over the past year.
Return vs Market: PRIM underperformed the Canadian Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is Primary Energy Metals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Primary Energy Metals undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PRIM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PRIM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PRIM is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: PRIM 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 PRIM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PRIM is overvalued based on its PB Ratio (16.7x) compared to the CA Metals and Mining industry average (1.5x).
How is Primary Energy Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Primary Energy Metals 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.
- Take a look at our analysis of PRIM’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.
- Primary Energy Metals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Primary Energy Metals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRIM is currently unprofitable.
Growing Profit Margin: PRIM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PRIM is unprofitable, and losses have increased over the past 5 years at a rate of -92.4% per year.
Accelerating Growth: Unable to compare PRIM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PRIM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-1.4%).
Return on Equity
High ROE: PRIM has a negative Return on Equity (-874.88%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Primary Energy Metals's financial position?
Financial Position Analysis
Short Term Liabilities: PRIM's short term assets (CA$960.6K) exceed its short term liabilities (CA$402.6K).
Long Term Liabilities: PRIM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PRIM's debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PRIM's debt to equity ratio has reduced over the past 5 years.
Inventory Level: PRIM has a high level of physical assets or inventory.
Debt Coverage by Assets: PRIM's debt is covered by short term assets (assets are 28.9x 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: PRIM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PRIM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -86.2% each year
What is Primary Energy Metals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PRIM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PRIM'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 PRIM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PRIM'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 PRIM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joel Shacker (28yo)
Mr. Joel Shacker served as Director of Open Source Health Inc. since May 23, 2018. Mr. Shacker served as Director at Weekend Unlimited Inc. from May 23, 2018 to October 10, 2018. He is a Self-employed busi ...
|Corporate Secretary||2.3yrs||CA$26.19k||no data|
|President CEO & Director||0.3yrs||no data||0.57% CA$53.3k|
|Chief Financial Officer||0.3yrs||no data||no data|
Experienced Management: PRIM's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
|President CEO & Director||0.3yrs||no data||0.57% CA$53.3k|
|Director||0.5yrs||no data||no data|
|Director||0.5yrs||no data||1.29% CA$120.6k|
Experienced Board: PRIM's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 364.6%.
Primary Energy Metals Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Primary Energy Metals Inc.
- Ticker: PRIM
- Exchange: CNSX
- Founded: 2010
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$9.329m
- Shares outstanding: 23.32m
- Website: https://primaryenergymetals.com
- Primary Energy Metals Inc.
- 580 Hornby Street
- Suite 430
- British Columbia
- V6C 3B6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PRIM||CNSX (Canadian National Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 2018|
|1WZ1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2018|
Primary Energy Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for vanadium and uranium deposits. The company was formerly known as Primary Cobalt Corp. and changed its name to Primary Energy Metals Inc. in August 2018. Primary Energy Metals Inc. was founded in 2010 and is based in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/05 01:06|
|End of Day Share Price||2019/07/08 00:00|
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.