TSXV:ATX

Stock Analysis Report

Executive Summary

ATEX Resources Inc. engages in the exploration and evaluation of mineral properties in South America.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has ATEX Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ATX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-16.0%

ATX

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

2.4%

ATX

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: ATX matched the Canadian Metals and Mining industry which returned 2.2% over the past year.

Return vs Market: ATX exceeded the Canadian Market which returned -2% over the past year.


Shareholder returns

ATXIndustryMarket
7 Day-16.0%-6.0%-6.2%
30 Dayn/a-1.0%-5.0%
90 Dayn/a4.9%-2.8%
1 Year2.4%2.4%2.9%2.2%1.1%-2.0%
3 Year-65.0%-65.0%-2.8%-4.5%10.7%0.6%
5 Year40.0%40.0%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

How volatile is ATEX Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ATEX Resources undervalued compared to its fair value and its price relative to the market?

2.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ATX is overvalued based on its PB Ratio (2.2x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.0%

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 ATEX 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.


Next Steps

Past Performance

How has ATEX Resources performed over the past 5 years?

14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATX is currently unprofitable.

Growing Profit Margin: ATX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATX is unprofitable, but has reduced losses over the past 5 years at a rate of 14.2% per year.

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

Earnings vs Industry: ATX 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: ATX has a negative Return on Equity (-55.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is ATEX Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ATX's short term assets (CA$329.8K) exceed its short term liabilities (CA$64.9K).

Long Term Liabilities: ATX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ATX is debt free.

Reducing Debt: ATX currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Inventory Level: ATX has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ATX'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: ATX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ATX has less than a year of cash runway if free cash flow continues to grow at historical rates of 3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

0.8yrs

Average management tenure


CEO

Carl Hansen (57yo)

0.8yrs

Tenure

Mr. Carl B. Hansen has been Chief Executive Officer of ATEX Resources Inc., since May 2019. Mr. Hansen served as the Chief Executive Officer and President of Rio2 Limited (Also known as Atacama Pacific Go ...


Leadership Team

NamePositionTenureCompensationOwnership
Carl Hansen
CEO & Chairman of the Board0.8yrsno data8.59% CA$353.1k
Thomas Pladsen
CFO & Director1.2yrsno data6.14% CA$252.2k
Odin Christensen
Geological Consultant13.1yrsCA$12.55kno data

0.8yrs

Average Tenure

59yo

Average Age

Experienced Management: ATX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Carl Hansen
CEO & Chairman of the Board0.8yrsno data8.59% CA$353.1k
Thomas Pladsen
CFO & Director1.2yrsno data6.14% CA$252.2k
Albrecht Schneider
Chairman of Advisory Committee0.6yrsno datano data
William Jung
Director3.4yrsCA$60.33k1.7% CA$70.0k
Kevin MacLean
Member of Advisory Committee0.6yrsno datano data
Hans Rasmussen
Independent Director13.5yrsno data0.16% CA$6.6k
Robert D. Suttie
Director1.2yrsno datano data
Raymond Jannas
Member of Advisory Committee0.6yrsno datano data
Jeffrey Palmer
Independent Director9.4yrsno data2.1% CA$86.3k
V. Ortuzar
Member of Advisory Committee0.6yrsno datano data

1.2yrs

Average Tenure

59yo

Average Age

Experienced Board: ATX's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: ATX 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 substantially diluted in the past year, with total shares outstanding growing by 131.7%.


Top Shareholders

Company Information

ATEX Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ATEX Resources Inc.
  • Ticker: ATX
  • Exchange: TSXV
  • Founded: 1981
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$4.111m
  • Shares outstanding: 19.58m
  • Website: https://www.atexresources.com

Location

  • ATEX Resources Inc.
  • 1055 West Hastings Street
  • Suite 300
  • Vancouver
  • British Columbia
  • V6E 2E9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATXTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1982
EAT3DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1982
ECRT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1982
EAT3MUN (Boerse Muenchen)YesCommon SharesDEEURSep 1982

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:07
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.