CNSX:RXM

Stock Analysis Report

Executive Summary

Rockex Mining Corporation, an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Rockex Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

RXM

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-25.0%

RXM

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: RXM underperformed the Canadian Metals and Mining industry which returned 2.2% over the past year.

Return vs Market: RXM underperformed the Canadian Market which returned -2% over the past year.


Shareholder returns

RXMIndustryMarket
7 Day0%-6.0%-6.2%
30 Day-62.5%-1.0%-5.0%
90 Day-25.0%4.9%-2.8%
1 Year-25.0%-25.0%2.9%2.2%1.1%-2.0%
3 Year-57.1%-57.1%-2.8%-4.5%10.7%0.6%
5 Yearn/a25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

How volatile is Rockex Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Rockex Mining undervalued compared to its fair value and its price relative to the market?

0.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RXM is good value based on its PB Ratio (0.1x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Rockex Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.0%

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 Rockex Mining 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 Rockex Mining performed over the past 5 years?

31.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RXM is currently unprofitable.

Growing Profit Margin: RXM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RXM is unprofitable, but has reduced losses over the past 5 years at a rate of 31.2% per year.

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

Earnings vs Industry: RXM is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: RXM has a negative Return on Equity (-0.74%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Rockex Mining's financial position?


Financial Position Analysis

Short Term Liabilities: RXM's short term assets (CA$14.6K) do not cover its short term liabilities (CA$1.8M).

Long Term Liabilities: RXM's short term assets (CA$14.6K) do not cover its long term liabilities (CA$1.6M).


Debt to Equity History and Analysis

Debt Level: RXM is debt free.

Reducing Debt: RXM has no debt compared to 5 years ago when its debt to equity ratio was 0.5%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if RXM'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: RXM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RXM has less than a year of cash runway if free cash flow continues to grow at historical rates of 41% each year.


Next Steps

Dividend

What is Rockex Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

3.3yrs

Average management tenure


CEO

Pierre Gagné (63yo)

3.3yrs

Tenure

CA$90,000

Compensation

Mr. Pierre Gagne has been the Chief Executive Officer of Rockex Mining Corporation since October 1, 2016 and serves as its Secretary. Mr. Gagne serves as President of Pierre GagnDe Contracting, Ltd. Mr. Ga ...


CEO Compensation Analysis

Compensation vs Market: Pierre's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD157.16K).

Compensation vs Earnings: Insufficient data to compare Pierre's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Pierre Gagné
Chairman of the Board3.3yrsCA$90.00k49.73% CA$906.1k
Armando Plastino
President & Director8.9yrsno datano data
Justin Garofalo
VP of Finance & CFO3.3yrsno data0.39% CA$7.1k

3.3yrs

Average Tenure

Experienced Management: RXM's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pierre Gagné
Chairman of the Board3.3yrsCA$90.00k49.73% CA$906.1k
Armando Plastino
President & Director8.9yrsno datano data
Gilles Filion
Director9.1yrsno data4.55% CA$83.0k
Sam Garofalo
Director0yrsCA$60.00kno data
Jonathon Tondeur
Independent Director9.1yrsno data6.94% CA$126.4k
Denis Gagnon
Independent Director6.1yrsno data5.71% CA$104.0k

9.1yrs

Average Tenure

Experienced Board: RXM's board of directors are considered experienced (9.1 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Rockex Mining Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rockex Mining Corporation
  • Ticker: RXM
  • Exchange: CNSX
  • Founded:
  • Industry: Steel
  • Sector: Materials
  • Market Cap: CA$1.822m
  • Shares outstanding: 121.47m
  • Website: https://www.rockexmining.com

Location

  • Rockex Mining Corporation
  • 580 New Vickers Street
  • Thunder Bay
  • Ontario
  • P7E 6P1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RXMCNSX (Canadian National Stock Exchange)YesCommon SharesCACADMar 2011

Biography

Rockex Mining Corporation, an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. It holds a 100% interest in the Western Lake St. Joseph iron ore project with 216 contiguous mining claims covering an area of approximately 4,428 hectares located in the Patricia Mining Division of Ontario. The company also holds a 100% interest in the East Soules Bay, a property consisting of 35 contiguous mining claims covering an area of 718 hectares, and a non-contiguous mining block of claims covering an area of 492 hectares; and the Root Lake project, which consists of 80 contiguous claims covering an area of 1,640 hectares situated near the Western Lake St. Joseph. In addition, it holds an interest in the North Spirit Lake property, which consists of 112 contiguous mining claims covering an area of 2,296 hectares located in the Buckett Lake and Hewett Lake Townships in Ontario. The company is based in Thunder Bay, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:42
End of Day Share Price2020/02/10 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.