Apex Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada.
Adequate balance sheet and overvalued.
Share Price & News
How has Apex Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APX has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: APX exceeded the Canadian Metals and Mining industry which returned 4.9% over the past year.
Return vs Market: APX exceeded the Canadian Market which returned 0.5% over the past year.
Price Volatility Vs. Market
How volatile is Apex Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWe're Keeping An Eye On Apex Resources's (CVE:APX) Cash Burn Rate
5 months ago | Simply Wall StWhat Kind Of Share Price Volatility Should You Expect For Apex Resources Inc. (CVE:APX)?
7 months ago | Simply Wall StThe Apex Resources (CVE:APX) Share Price Is Down 62% So Some Shareholders Are Wishing They Sold
Is Apex 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 APX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate APX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: APX is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: APX 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 APX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: APX is good value based on its PB Ratio (0.4x) compared to the CA Metals and Mining industry average (1.5x).
How is Apex 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 Apex 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.
- Examine Apex Resources'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.
- Apex 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 Apex Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APX is currently unprofitable.
Growing Profit Margin: APX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: APX is unprofitable, but has reduced losses over the past 5 years at a rate of 36.2% per year.
Accelerating Growth: Unable to compare APX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: APX 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: APX has a negative Return on Equity (-24.15%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Apex Resources's financial position?
Financial Position Analysis
Short Term Liabilities: APX's short term assets (CA$313.4K) exceed its short term liabilities (CA$131.0K).
Long Term Liabilities: APX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: APX is debt free.
Reducing Debt: APX had no debt 5 years ago.
Inventory Level: APX has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if APX'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: APX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: APX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -8.3% each year
What is Apex Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate APX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate APX'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 APX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if APX'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 APX'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 board tenure
Art Troup (75yo)
Mr. Arthur G. Troup, also known as Art, M.Sc., P.Eng., P.Geo., has been the President and Chief Executive Officer of Sultan Minerals Inc. since June 1997. Mr. Troup has been the Vice-President Exploration ...
CEO Compensation Analysis
Compensation vs Market: Art's total compensation ($USD135.46K) is about average for companies of similar size in the Canadian market ($USD155.12K).
Compensation vs Earnings: Art's compensation has been consistent with company performance over the past year.
|Independent Director||10.3yrs||CA$6.00k||0.33% CA$4.3k|
|Independent Director||2.6yrs||CA$6.00k||no data|
|Independent Director||5.8yrs||CA$6.00k||no data|
Experienced Board: APX's board of directors are considered experienced (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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Apex Resources Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Apex Resources Inc.
- Ticker: APX
- Exchange: TSXV
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$1.312m
- Shares outstanding: 15.43m
- Website: https://www.apxresources.com
- Apex Resources Inc.
- 1066 West Hastings Street
- Suite 2000
- British Columbia
- V6E 3X2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|APX||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Sep 1989|
|RZN1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1989|
|SLML.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 1989|
Apex Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. It holds interest in the Kena property covering an area of 8,173 hectares located near the community of Ymir in southeastern British Columbia; the Golden Triangle property that covers an area of 7,861.9 hectares located in British Columbia; and the Jersey-Emerald tungsten-zinc mine property in southern British Columbia. The company also holds interests in the Red Ridge property that includes 72 claims covering an area of approximately 1360 hectares located in Yukon, British Columbia; the Mount Anderson property that consists of 163 quartz claims covering approximately 31 square kilometres located in Whitehorse Mining District, Yukon; and the Ore Hill property covering an area of 2000 hectares located in southern British Columbia. The company was formerly known as Sultan Minerals Inc. and changed its name to Apex Resources Inc. in July 2016. Apex Resources Inc. is based in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 00:13|
|End of Day Share Price||2020/02/24 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.