Spearmint Resources Inc., an exploration stage company, acquires, explores, and evaluates mineral properties in Canada and the United States.
+ 2 more risks
Imperfect balance sheet with weak fundamentals.
Share Price & News
How has Spearmint Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPMT's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: SPMT underperformed the Canadian Metals and Mining industry which returned 4.8% over the past year.
Return vs Market: SPMT underperformed the Canadian Market which returned 4.6% over the past year.
Price Volatility Vs. Market
How volatile is Spearmint Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Spearmint Resources 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 SPMT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SPMT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SPMT is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: SPMT 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 SPMT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SPMT is overvalued based on its PB Ratio (4x) compared to the CA Metals and Mining industry average (1.6x).
How is Spearmint Resources 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 Spearmint 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.
- Take a look at our analysis of SPMT’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.
- Spearmint Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Spearmint Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPMT is currently unprofitable.
Growing Profit Margin: SPMT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SPMT is unprofitable, and losses have increased over the past 5 years at a rate of -19% per year.
Accelerating Growth: Unable to compare SPMT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SPMT 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: SPMT has a negative Return on Equity (-35.11%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Spearmint Resources's financial position?
Financial Position Analysis
Short Term Liabilities: SPMT's short term assets (CA$19.5K) do not cover its short term liabilities (CA$96.9K).
Long Term Liabilities: SPMT's short term assets (CA$19.5K) do not cover its long term liabilities (CA$375.0K).
Debt to Equity History and Analysis
Debt Level: SPMT is debt free.
Reducing Debt: SPMT currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Inventory Level: SPMT has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if SPMT'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: SPMT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SPMT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -40.4% each year
What is Spearmint Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SPMT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SPMT'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 SPMT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SPMT'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 SPMT'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
Jim Nelson (42yo)
Mr. James Nelson, also known as Jim, has been President and Secretary of Cruz Capital Corp. (formerly, Brookemont Capital Inc.) since April 24, 2015 and serves as its Chief Executive Officer. Mr. Nelson se ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.89K) is below average for companies of similar size in the Canadian market ($USD154.65K).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
|CEO, President||3.3yrs||CA$2.50k||0.043% CA$2.1k|
|Chief Financial Officer||6.3yrs||CA$30.00k||no data|
|Chief Operating Officer||1.3yrs||no data||no data|
|Consultant||1.3yrs||no data||no data|
Experienced Management: SPMT's management team is considered experienced (2.3 years average tenure).
|CEO, President||3.3yrs||CA$2.50k||0.043% CA$2.1k|
|Independent Director||8yrs||CA$2.50k||no data|
|Independent Director||2.2yrs||CA$2.50k||no data|
Experienced Board: SPMT's board of directors are considered experienced (5.8 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.3%.
Spearmint Resources Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Spearmint Resources Inc.
- Ticker: SPMT
- Exchange: CNSX
- Founded: 2009
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$4.869m
- Shares outstanding: 162.30m
- Website: https://www.spearmintresources.ca
- Spearmint Resources Inc.
- 701 West Georgia Street
- Suite 1470
- British Columbia
- V7Y 1C6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SPMT||CNSX (Canadian National Stock Exchange)||Yes||Common Shares||CA||CAD||Apr 2010|
|SPMT.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Apr 2010|
|SQH||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Apr 2010|
Spearmint Resources Inc., an exploration stage company, acquires, explores, and evaluates mineral properties in Canada and the United States. It holds 100% interests in the BC EL North, EL North 2, and EL North 3 Nickel-Copper; the BC NEBA Copper-Gold prospects; the BC Gold Triangle prospects; and the BC Henry Gold-Copper prospect located in the Golden Triangle, British Columbia. The company also holds 100% interests in the BC Gold Mountain property located near the town of Wells, British Columbia; four vanadium prospects of the Chibougamau vanadium prospects located in the direct vicinity of Lac Chibougamau, Quebec; the BC Safari Copper-Gold property located in north-central British Columbia; and the BC Hammernose Gold property located in the Spences Bridge gold belt in Southern British Colombia. In addition, it holds 100% interests in the Clayton Valley Lithium prospects located in Nevada; and the BC Nickel N. property located in British Columbia. Further, the company owns interest in the Prickle property covering an area of 4,980 contiguous acres in the Golden Triangle of British Columbia; the River Valley East platinum-palladium prospect that covers an area of approximately 4,700 contiguous acres in Ontario; and the Perron-East Gold Prospects consisting of 5 mineral claim blocks covering approximately 10,000 acres located in the Abitibi greenstone belt of northwestern Quebec. The company was formerly known as Indefinitely Capital Corp. and changed its name to Spearmint Resources Inc. in February 2012. Spearmint Resources Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 01:59|
|End of Day Share Price||2020/02/21 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.