AEX Gold Inc. engages in the identification, acquisition, exploration, and development of gold properties in Greenland.
+ 1 more risk
Adequate balance sheet with weak fundamentals.
Share Price & News
How has AEX Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AEX'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: AEX exceeded the Canadian Metals and Mining industry which returned 26.7% over the past year.
Return vs Market: AEX exceeded the Canadian Market which returned -10.1% over the past year.
Price Volatility Vs. Market
How volatile is AEX Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StAEX Gold Inc. (CVE:AEX) Insiders Increased Their Holdings
3 months ago | Simply Wall StCould AEX Gold Inc.'s (CVE:AEX) Investor Composition Influence The Stock Price?
4 months ago | Simply Wall StWe Think AEX Gold (CVE:AEX) Needs To Drive Business Growth Carefully
Is AEX Gold 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 AEX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AEX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AEX is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: AEX 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 AEX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AEX is overvalued based on its PB Ratio (10.7x) compared to the CA Metals and Mining industry average (1.8x).
How is AEX Gold 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 AEX 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.
- Examine AEX Gold's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- AEX Gold competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has AEX Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AEX is currently unprofitable.
Growing Profit Margin: AEX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AEX is unprofitable, and losses have increased over the past 5 years at a rate of -31.4% per year.
Accelerating Growth: Unable to compare AEX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AEX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).
Return on Equity
High ROE: AEX has a negative Return on Equity (-115.94%), as it is currently unprofitable.
How is AEX Gold's financial position?
Financial Position Analysis
Short Term Liabilities: AEX's short term assets (CA$4.6M) exceed its short term liabilities (CA$1.1M).
Long Term Liabilities: AEX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AEX is debt free.
Reducing Debt: AEX had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AEX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AEX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 29.1% each year
What is AEX Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AEX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AEX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AEX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eldur Ólafsson (33yo)
Mr. Eldur Ólafsson serves as Founder at AEX Gold Inc. since April 2017. He is a co-owner at Vatnar S.À R.L. Mr. Ólafsson serves as Chief Executive Officer and President of AEX Gold Inc. (formerly, Alopex ...
CEO Compensation Analysis
Compensation vs Market: Eldur's total compensation ($USD154.72K) is about average for companies of similar size in the Canadian market ($USD165.66K).
Compensation vs Earnings: Eldur's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||0.50yr||CA$39.59k||0.072% CA$38.9k|
|Chief Operating Officer||0.92yr||no data||0.063% CA$34.3k|
|Vice-President of Exploration||no data||no data||no data|
|Company Secretary||3.33yrs||no data||no data|
Experienced Management: AEX's management team is considered experienced (2 years average tenure).
|Non-Independent Director||3.17yrs||CA$18.75k||0.20% CA$109.3k|
|Independent Chairman||0.58yr||CA$18.75k||1.97% CA$1.1m|
|Independent Director||3.17yrs||CA$18.75k||0.061% CA$33.0k|
Experienced Board: AEX'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: AEX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.3%.
AEX Gold Inc.'s company bio, employee growth, exchange listings and data sources
- Name: AEX Gold Inc.
- Ticker: AEX
- Exchange: TSXV
- Founded: 2017
- Industry: Gold
- Sector: Materials
- Market Cap: CA$54.264m
- Shares outstanding: 82.22m
- Website: https://www.aexgold.com
- AEX Gold Inc.
- 123 Front Street West
- Suite 905
- M5J 2M2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AEX||TSXV (TSX Venture Exchange)||Yes||New Common Shares||CA||CAD||Jul 2017|
AEX Gold Inc. engages in the identification, acquisition, exploration, and development of gold properties in Greenland. Its principal property is the Nalunaq gold project located in the Municipality of Kujalleq, Southern Greenland. The company was formerly known as Alopex Gold Inc. and changed its name to AEX Gold Inc. in June 2018. AEX Gold Inc. was incorporated in 2017 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 05:49|
|End of Day Share Price||2020/06/04 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.