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ATEX Resources

TSXV:ATX
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATX
TSXV
CA$641K
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

ATEX Resources Inc. engages in the exploration and evaluation of mineral properties in South America. The last earnings update was 26 days ago. More info.


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  • ATEX Resources has significant price volatility in the past 3 months.
ATX Share Price and Events
7 Day Returns
0%
TSXV:ATX
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-55.6%
TSXV:ATX
-3.9%
CA Metals and Mining
2.6%
CA Market
ATX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ATEX Resources (ATX) 0% 11.1% 11.1% -55.6% 33.3% 33.3%
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • ATX underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • ATX underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
ATX
Industry
5yr Volatility vs Market

ATX Value

 Is ATEX Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for ATEX Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.2.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ATEX Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ATEX Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:ATX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.03
TSXV:ATX Share Price ** TSXV (2019-03-21) in CAD CA$0.2
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ATEX Resources.

TSXV:ATX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:ATX Share Price ÷ EPS (both in CAD)

= 0.2 ÷ -0.03

-6.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ATEX Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • ATEX Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does ATEX Resources's expected growth come at a high price?
Raw Data
TSXV:ATX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
31.2%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ATEX Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ATEX Resources's assets?
Raw Data
TSXV:ATX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.05
TSXV:ATX Share Price * TSXV (2019-03-21) in CAD CA$0.2
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
TSXV:ATX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:ATX Share Price ÷ Book Value per Share (both in CAD)

= 0.2 ÷ 0.05

3.9x

* Primary Listing of ATEX Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ATEX Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess ATEX Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. ATEX Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ATX Future Performance

 How is ATEX Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover ATEX Resources, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ATEX Resources expected to grow at an attractive rate?
  • ATEX Resources's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • ATEX Resources's earnings growth is expected to exceed the Canada market average.
  • Unable to compare ATEX Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:ATX Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:ATX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 31.2%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:ATX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:ATX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 -1 0
2018-03-31 -1 0
2017-12-31 -1 1
2017-09-30 -1 1
2017-06-30 0 1
2017-03-31 0 1
2016-12-31 0 0
2016-09-30 0 0
2016-06-30 0 0
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ATEX Resources's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if ATEX Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:ATX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ATEX Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ATX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.03
2018-09-30 -0.03
2018-06-30 -0.05
2018-03-31 -0.06
2017-12-31 0.18
2017-09-30 0.18
2017-06-30 0.19
2017-03-31 0.20
2016-12-31 -0.05
2016-09-30 0.06
2016-06-30 0.04
2016-03-31 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ATEX Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ATEX Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ATEX Resources has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ATX Past Performance

  How has ATEX Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ATEX Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ATEX Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare ATEX Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ATEX Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
ATEX Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ATEX Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ATX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.09 0.13
2018-09-30 -0.10 0.13
2018-06-30 -0.17 0.15
2018-03-31 -0.20 0.17
2017-12-31 0.58 0.18
2017-09-30 0.58 0.18
2017-06-30 0.62 0.17
2017-03-31 0.64 0.15
2016-12-31 -0.16 0.15
2016-09-30 0.20 0.19
2016-06-30 0.13 0.24
2016-03-31 0.11 0.30
2015-12-31 0.05 0.33
2015-09-30 -0.35 0.31
2015-06-30 -0.63 0.28
2015-03-31 -0.64 0.26
2014-12-31 -0.63 0.26
2014-09-30 -0.60 0.24
2014-06-30 -8.34 0.25
2014-03-31 -8.28 0.33
2013-12-31 -8.30 0.52
2013-09-30 -8.69 0.91
2013-06-30 -0.44 0.86
2013-03-31 -0.91 1.16
2012-12-31 -1.21 1.27
2012-09-30 -1.92 1.89
2012-06-30 -30.07 2.21
2012-03-31 -29.73 2.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ATEX Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ATEX Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ATEX Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ATEX Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ATEX Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ATX Health

 How is ATEX Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ATEX Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ATEX Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ATEX Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ATEX Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • ATEX Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ATEX Resources Company Filings, last reported 2 months ago.

TSXV:ATX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.16 0.00 0.18
2018-09-30 0.20 0.00 0.21
2018-06-30 0.19 0.00 0.26
2018-03-31 0.22 0.00 0.29
2017-12-31 0.26 0.00 0.33
2017-09-30 0.30 0.00 0.39
2017-06-30 0.37 0.00 0.39
2017-03-31 0.42 0.00 0.25
2016-12-31 -0.32 0.03 0.01
2016-09-30 -0.28 0.02 0.01
2016-06-30 -0.25 0.00 0.01
2016-03-31 -0.22 0.00 0.02
2015-12-31 -0.16 0.00 0.03
2015-09-30 -0.48 0.00 0.04
2015-06-30 -0.38 0.00 0.10
2015-03-31 -0.32 0.06 0.03
2014-12-31 -0.21 0.12 0.22
2014-09-30 -0.17 0.11 0.02
2014-06-30 0.22 0.11 0.02
2014-03-31 0.28 0.11 0.05
2013-12-31 0.37 0.11 0.04
2013-09-30 0.42 0.10 0.01
2013-06-30 11.34 0.10 0.09
2013-03-31 11.34 0.00 0.17
2012-12-31 11.30 0.00 0.41
2012-09-30 9.05 0.00 1.50
2012-06-30 19.61 0.00 3.46
2012-03-31 19.75 0.00 4.50
  • ATEX Resources has no debt.
  • ATEX Resources has no debt compared to 5 years ago when it was 29%.
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.

  • ATEX Resources has sufficient cash runway for 1.2 years based on current free cash flow.
  • ATEX Resources has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 35.1% each year.
X
Financial health checks
We assess ATEX Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ATEX Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ATX Dividends

 What is ATEX Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ATEX Resources dividends.
If you bought CA$2,000 of ATEX Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ATEX Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ATEX Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:ATX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ATEX Resources has not reported any payouts.
  • Unable to verify if ATEX Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ATEX Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ATEX Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ATEX Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ATEX Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ATEX Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ATX Management

 What is the CEO of ATEX Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Pladsen
COMPENSATION CA$0
AGE 58
TENURE AS CEO 0.3 years
CEO Bio

Mr. Thomas John Pladsen, also known as Tom, M.B.A., has been the President and Chief Executive Officer of Carrie Arran Resources Inc. since January 31, 2009. Mr. Pladsen served as the Chief Financial Officer and Secretary of Rio2 Limited (Also known as Atacama Pacific Gold Corporation) since December 15, 2009. He serves as the President of General Partner of Easton Drilling Funds. He serves as Treasurer of the Board of MacDonald Oil Exploration Ltd. He has 20 years extensive experience in corporate finance and financial reporting for public and private companies. He is a Financial Consultant. He served as the Chief Financial Officer at Crystal Peak Minerals Inc. from August 20, 2015 to December 5, 2016. He was an Independent Consultant until June 2001. He served as the Chief Financial Officer of Merc International Minerals Inc. from December 2008 to October 2010. Mr. Pladsen served as the Chief Executive Officer and President of Nighthawk Gold Corp. from October 2005 to September 2008 and also served as its Chief Financial Officer from December 2008 to October 2010. He served as the Chief Financial Officer of Andina Minerals Inc. from December 31, 2004 to June 30, 2009 and Chief Executive Officer from January 2005 to July 2009. He served as the Chief Operating Officer of Posera Ltd. from June 21, 2006 to April 26, 2007 and as its Vice President since June 21, 2006. He served as the President of Merc International Minerals Inc. from July 2005 to September 2008. He served as the Chief Financial Officer of Cimatec Environmental Engineering Inc. from March 2001 to September 2004. He served as a Vice President of Dexit Inc. since June 21, 2006 and served as its Chief Operating Officer from June 21, 2006 to April 4, 2007. He served as the Chief Financial Officer and Assistant Treasurer of MacDonald Mines Exploration Ltd. He served as the President of Northfield Minerals Inc. He served as the Chief Executive Officer of Katanga Mining Ltd. from February 2004 to November 2005, Chief Financial Officer and Treasurer from February 2004 to July 2006 and also served as its President. He served as the Chief Financial Officer of Tengtu International Corp. from 2001 to 2002. He served as an Executive Officer of KPMG LLP. From August 1999 to February 2001, he served as an Independent Consultant to several publicly traded companies. From January 1999 to July 1999, Mr. Pladsen served as the Chief Financial Officer of Online Direct Inc. He served as the Chief Financial Officer of Great Lakes Minerals Inc., Newmex Mining Company and Santa Cruz Gold Inc. In 1987, he joined Northfield Capital Corporation. as a Vice President of Finance. Since 1980, he held various financial positions at a number of Toronto Stock Exchange ("TSX") listed, TSX Venture Exchange ("TSXV") listed and private mining and technology companies. He has been a Director of Dexit Inc. since June 21, 2006, Hosted Data Transaction Solutions Inc., since June 21, 2006, Cimatec Environmental Engineering Inc., since 2001, Carrie Arran Resources Inc. since May 25, 2010, Gold Eagle Mines Limited since December 21, 2006, Northfield Capital Corp., since June 30, 1994 and Merc International Minerals Inc. since July 31, 2005. He was an Independent Director KWG Resources Inc., since February 29, 2012 until 2018. He served as Director of Crystal Peak Minerals Inc. since March 12, 2010 until March 13, 2018. He has been Director of Neo Lithium Corp. since February 9, 2016. He serves as a Director of ATEX Resources Inc. (Also known as Colombia Crest Gold Corp) since December 6, 2018 and serves as its Chief Executive Officer since December 2018 . He has been an Independent Director of Superior Copper Corporation since January 2014. He serves as a Director of Westhope Capital Corp., Echelon Capital Corp., MacDonald Oil Exploration Ltd. and Westchester Resources Inc. He served as a Director of EPM Mining Ventures Inc. since March 2010 He served as a Director of Nighthawk Gold Corp. from July 31, 2005 to July 16, 2013. He served as a Director of Colombia Crest Gold Corp. from September 15, 2010 to 2014. He served as a Director of Posera-HDX Inc. since June 21, 2006 and WSR Gold Inc. since 2006. Mr. Pladsen served as a Director of Brionor Resources Inc., from February 24, 2010 to November 18, 2011. He served as a Director of Anaconda Mining Inc. from October 2, 2009 to February 10, 2012. He served as an Independent Director of White Pine Resources Inc. from 2006 to February 29, 2016. He served as a Director of Katanga Mining Limited until May 2007, Southern Star Resources Inc., since May 24, 2006 and Tengtu International Corp., from 2004 to November 21, 2005. He served as Director for Cartier Iron Corporation, Northfield Minerals Inc. and Northfield Metals Inc. He was a Private Businessman from January 2009 to August 2010. He is the Chief Financial Officer for a number of venture stage public corporations. He received his Chartered Accountant Designation at KPMG LLP in Toronto in the mid 1980's. He was admitted to the Institute of Chartered Accountants of Ontario in 1985 and moved to KPMG's London, England office. Mr. Pladsen holds a Bachelor of Business Administration Degree from Wilfrid Laurier University in 1983. Mr. Pladsen has held senior management position with companies involved in gold and copper exploration and development in Canada, Mexico, South America and Africa.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year.
  • Tom's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the ATEX Resources management team in years:

10.7
Average Tenure
  • The average tenure for the ATEX Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bill Jung

TITLE
CFO & Director
COMPENSATION
CA$55K
TENURE
10.7 yrs

Tom Pladsen

TITLE
CEO & Director
AGE
58
TENURE
0.3 yrs

Odin Christensen

TITLE
Geological Consultant
AGE
70
TENURE
12.2 yrs
Board of Directors Tenure

Average tenure and age of the ATEX Resources board of directors in years:

5.5
Average Tenure
57
Average Age
  • The tenure for the ATEX Resources board of directors is about average.
Board of Directors

Carl Hansen

TITLE
Chairman of the Board
AGE
56
TENURE
8.5 yrs

Bill Jung

TITLE
CFO & Director
COMPENSATION
CA$55K
TENURE
2.5 yrs

Tom Pladsen

TITLE
CEO & Director
AGE
58
TENURE
0.3 yrs

Hans Rasmussen

TITLE
Director
AGE
58
TENURE
12.6 yrs

Jeff Palmer

TITLE
Director
TENURE
8.5 yrs

Rob Suttie

TITLE
Director
AGE
49
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess ATEX Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ATEX Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ATX News

Simply Wall St News

ATX Company Info

Description

ATEX Resources Inc. engages in the exploration and evaluation of mineral properties in South America. It holds a 50% interest in the Fredonia property covering approximately an area of 15,000 hectares located in Antioquia, Colombia. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc. in February 2019. ATEX Resources Inc. was incorporated in 1981 and is headquartered in Vancouver, Canada.

Details
Name: ATEX Resources Inc.
ATX
Exchange: TSXV
Founded: 1981
CA$640,585
3,202,928
Website: http://www.atexresources.com
Address: ATEX Resources Inc.
1055 West Hastings Street,
Suite 300,
Vancouver,
British Columbia, V6E 2E9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ATX Common Shares TSX Venture Exchange CA CAD 15. Sep 1982
OTCPK ECRT.F Common Shares Pink Sheets LLC US USD 15. Sep 1982
DB EAT3 Common Shares Deutsche Boerse AG DE EUR 15. Sep 1982
Number of employees
Current staff
Staff numbers
0
ATEX Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:35
End of day share price update: 2019/03/21 00:00
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.