MGX Minerals Inc. engages in the acquisition, exploration, and development of mineral resource properties and industrial technologies.
Mediocre balance sheet and overvalued.
Share Price & News
How has MGX Minerals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: XMG'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: XMG underperformed the Canadian Metals and Mining industry which returned 39.1% over the past year.
Return vs Market: XMG underperformed the Canadian Market which returned -12.7% over the past year.
Price Volatility Vs. Market
How volatile is MGX Minerals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Kind Of Share Price Volatility Should You Expect For MGX Minerals Inc. (CSE:XMG)?
10 months ago | Simply Wall StDo Insiders Own Shares In MGX Minerals Inc. (CNSX:XMG)?
11 months ago | Simply Wall StSome MGX Minerals (CNSX:XMG) Shareholders Have Taken A Painful 74% Share Price Drop
Is MGX Minerals 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 XMG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate XMG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: XMG is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: XMG 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 XMG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: XMG is good value based on its PB Ratio (0.7x) compared to the CA Metals and Mining industry average (2.4x).
How is MGX Minerals 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 MGX Minerals 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 XMG’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.
- MGX Minerals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has MGX Minerals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: XMG is currently unprofitable.
Growing Profit Margin: XMG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: XMG is unprofitable, and losses have increased over the past 5 years at a rate of -41.3% per year.
Accelerating Growth: Unable to compare XMG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: XMG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (18.3%).
Return on Equity
High ROE: XMG has a negative Return on Equity (-163.04%), as it is currently unprofitable.
How is MGX Minerals's financial position?
Financial Position Analysis
Short Term Liabilities: XMG's short term assets (CA$2.1M) do not cover its short term liabilities (CA$10.4M).
Long Term Liabilities: XMG's short term assets (CA$2.1M) exceed its long term liabilities (CA$5.4K).
Debt to Equity History and Analysis
Debt Level: XMG's debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: XMG's debt to equity ratio has reduced from 14% to 4.9% over the past 5 years.
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: XMG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: XMG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.2% each year
What is MGX Minerals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate XMG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate XMG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if XMG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if XMG'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 XMG'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
Mr. Patrick Power serves as Chief Executive Officer and Director at MGX Minerals Inc since March 22, 2020.
|CEO & Director||0.33yr||no data||no data|
|VP of Operations & Interim CFO||0.17yr||no data||no data|
Experienced Management: XMG's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
|CEO & Director||0.33yr||no data||no data|
|VP of Exploration & Director||6yrs||CA$37.35k||0.35% CA$24.6k|
|Independent Director||6yrs||CA$70.32k||3.55% CA$249.0k|
Experienced Board: XMG's board of directors are considered experienced (3.2 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MGX Minerals Inc.'s company bio, employee growth, exchange listings and data sources
- Name: MGX Minerals Inc.
- Ticker: XMG
- Exchange: CNSX
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$7.019m
- Shares outstanding: 140.39m
- Website: https://www.mgxminerals.com
- MGX Minerals Inc.
- 1080 Howe Street
- Suite 303
- British Columbia
- V6Z 2T1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|XMG||CNSX (Canadian National Stock Exchange)||Yes||New Common Shares||CA||CAD||Nov 2014|
|1MG||DB (Deutsche Boerse AG)||Yes||New Common Shares||DE||EUR||Nov 2014|
|MGXM.F||OTCPK (Pink Sheets LLC)||Yes||New Common Shares||US||USD||Nov 2014|
MGX Minerals Inc. engages in the acquisition, exploration, and development of mineral resource properties and industrial technologies. The company explores for lithium, magnesium oxide, silica, niobium-tantulum, and gold properties, as well as oil and gas resources. It also owns, operates, and sells water treatment systems to the oil and gas industry. In addition, the company develops a thermochemical gasification process, which focuses on generating hydrogen gas and extracting metals, such as nickel, vanadium, and cobalt from petroleum coke; modular energy storage systems that utilize patented regenerative zinc-air fuel cell battery technology that efficiently store energy in the form of zinc particles; and owns lithium extraction technology from brine, which eliminates the need for solar evaporation. It owns, operates, and invests in mineral properties located in Canada and the United States. In addition, the company holds interest in the Heino-Money Gold Deposit; and involved in the Tillicum Claims Digital Data activities. The company is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/11 00:16|
|End of Day Share Price||2020/07/10 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.