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AAX

Advance GoldTSXV:AAX Stock Report

Market Cap

CA$4.2m

7D

0%

1Y

-47.8%

Updated

30 Nov, 2021

Data

Company Financials
AAX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

AAX Stock Overview

Advance Gold Corp., an exploration stage company, explores for and evaluates mineral properties in Canada, Kenya, and Mexico.

Price History & Performance

Summary of all time highs, changes and price drops for Advance Gold
Historical stock prices
Current Share PriceCA$0.06
52 Week HighCA$0.16
52 Week LowCA$0.045
Beta1.13
1 Month Change9.09%
3 Month Change20.00%
1 Year Change-47.83%
3 Year Change-7.69%
5 Year Change-7.69%
Change since IPO-97.82%

Recent News & Updates

Shareholder Returns

AAXCA Metals and MiningCA Market
7D0%-2.4%-1.3%
1Y-47.8%5.8%23.7%

Return vs Industry: AAX underperformed the Canadian Metals and Mining industry which returned 5.8% over the past year.

Return vs Market: AAX underperformed the Canadian Market which returned 23.7% over the past year.

Price Volatility

Is AAX's price volatile compared to industry and market?
AAX volatility
AAX Average Weekly Movement17.3%
Metals and Mining Industry Average Movement10.7%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.1%
10% least volatile stocks in CA Market3.5%

Stable Share Price: AAX is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: AAX's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
2004n/aAllan Laboucanhttps://www.advancegold.ca

Advance Gold Corp., an exploration stage company, explores for and evaluates mineral properties in Canada, Kenya, and Mexico. It explores for gold, silver, lithium, and fertilizer minerals. The company holds 100% interest in the Tabasquena silver mine and the Venaditas project located in Zacatecas, Mexico.

Advance Gold Fundamentals Summary

How do Advance Gold's earnings and revenue compare to its market cap?
AAX fundamental statistics
Market CapCA$4.21m
Earnings (TTM)-CA$696.76k
Revenue (TTM)n/a

0.0x

P/S Ratio

-6.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AAX income statement (TTM)
RevenueCA$0
Cost of RevenueCA$0
Gross ProfitCA$0
ExpensesCA$696.76k
Earnings-CA$696.76k

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0099
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio3.8%

How did AAX perform over the long term?

See historical performance and comparison

Valuation

Is Advance Gold undervalued compared to its fair value and its price relative to the market?

1.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: AAX is good value based on its PB Ratio (1.4x) compared to the CA Metals and Mining industry average (2.4x).


Future Growth

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

10.8%

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 Advance Gold 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.


Past Performance

How has Advance Gold performed over the past 5 years?

-37.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AAX is currently unprofitable.

Growing Profit Margin: AAX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AAX is unprofitable, and losses have increased over the past 5 years at a rate of 37.7% per year.

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

Earnings vs Industry: AAX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (126.9%).


Return on Equity

High ROE: AAX has a negative Return on Equity (-23.04%), as it is currently unprofitable.


Financial Health

How is Advance Gold's financial position?


Financial Position Analysis

Short Term Liabilities: AAX's short term assets (CA$101.4K) do not cover its short term liabilities (CA$314.7K).

Long Term Liabilities: AAX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AAX's net debt to equity ratio (1.7%) is considered satisfactory.

Reducing Debt: AAX's debt to equity ratio has reduced from 32.1% to 3.8% over the past 5 years.


Balance Sheet


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: AAX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AAX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 45.7% each year


Dividend

What is Advance Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.1yrs

Average board tenure


CEO

Allan Laboucan

5yrs

Tenure

CA$72,500

Compensation

Mr. Allan Barry Laboucan has been the Chief Executive Officer and President at Advance Gold Corp since November 22, 2016 and has been its Director since January 6, 2017. He served as the Chief Executive Of...


Board Members

Experienced Board: AAX's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AAX insiders have bought more shares than they have sold 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 37.4%.


Top Shareholders

Company Information

Advance Gold Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Advance Gold Corp.
  • Ticker: AAX
  • Exchange: TSXV
  • Founded: 2004
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$4.213m
  • Shares outstanding: 70.22m
  • Website: https://www.advancegold.ca

Location

  • Advance Gold Corp.
  • Box 25056
  • RPO Brocklehurst
  • Kamloops
  • British Columbia
  • V2B 8R6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:24
End of Day Share Price2021/11/29 00:00
Earnings2021/08/31
Annual Earnings2021/05/31


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.