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ATEX Resources TSXV:ATX Stock Report

Last Price


Market Cap







07 Aug, 2022


Company Financials
ATX fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health6/6

ATX Stock Overview

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

ATEX Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ATEX Resources
Historical stock prices
Current Share PriceCA$0.61
52 Week HighCA$0.97
52 Week LowCA$0.095
1 Month Change1.67%
3 Month Change15.09%
1 Year Change320.69%
3 Year Change221.05%
5 Year Change103.33%
Change since IPO-99.95%

Recent News & Updates

Shareholder Returns

ATXCA Metals and MiningCA Market

Return vs Industry: ATX exceeded the Canadian Metals and Mining industry which returned -18.3% over the past year.

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

Price Volatility

Is ATX's price volatile compared to industry and market?
ATX volatility
ATX Average Weekly Movement13.8%
Metals and Mining Industry Average Movement11.8%
Market Average Movement10.8%
10% most volatile stocks in CA Market19.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: ATX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: ATX's weekly volatility has decreased from 20% to 14% over the past year.

About the Company

1981n/aRaymond Jannas Runco

ATEX Resources Inc. engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano copper gold project, which is located in the Chile’s prolific El Indio Mineral Belt. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc. in February 2019.

ATEX Resources Fundamentals Summary

How do ATEX Resources's earnings and revenue compare to its market cap?
ATX fundamental statistics
Market CapCA$67.91m
Earnings (TTM)-CA$1.66m
Revenue (TTM)n/a


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATX income statement (TTM)
Cost of RevenueCA$0
Gross ProfitCA$0
Other ExpensesCA$1.66m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)-0.015
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did ATX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is ATX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATX?

Other financial metrics that can be useful for relative valuation.

ATX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does ATX's PB Ratio compare to its peers?

ATX PB Ratio vs Peers
The above table shows the PB ratio for ATX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.2x
MGM Maple Gold Mines
ITR Integra Resources
LAB Labrador Gold
HIGH HighGold Mining
ATX ATEX Resources

Price-To-Book vs Peers: ATX is expensive based on its Price-To-Book Ratio (5.4x) compared to the peer average (2.2x).

Price to Earnings Ratio vs Industry

How does ATX's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: ATX is expensive based on its Price-To-Book Ratio (5.4x) compared to the Canadian Metals and Mining industry average (1.6x)

Price to Book Ratio vs Fair Ratio

What is ATX's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATX PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio5.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ATX's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ATX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ATX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ATX's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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.

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  • Examine ATEX 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.
  • ATEX Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has ATEX Resources performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


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, and losses have increased over the past 5 years at a rate of 58.5% 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 (-16.2%).

Return on Equity

High ROE: ATX has a negative Return on Equity (-13.12%), as it is currently unprofitable.

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Financial Health

How is ATEX Resources's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ATX's short term assets (CA$5.0M) exceed its short term liabilities (CA$339.3K).

Long Term Liabilities: ATX has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: ATX is debt free.

Reducing Debt: ATX had no debt 5 years ago.

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: ATX has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ATX is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.

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

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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 recent payouts.

High Dividend: Unable to evaluate ATX'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 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.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ATX has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Raymond Jannas Runco (69 yo)





Dr. Raymond Robert Jannas Runco, B.Sc., M.Sc., Ph D., serves as the President of Gexsa Ltd. since August 2012.Dr. Jannas Runco served as the Chief Executive Officer of Minera Fuego Limited until 2015. Dr....

CEO Compensation Analysis

Compensation vs Market: Raymond's total compensation ($USD116.81K) is below average for companies of similar size in the Canadian market ($USD185.39K).

Compensation vs Earnings: Raymond's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: ATX's management team is considered experienced (2.7 years average tenure).

Board Members

Experienced Board: ATX's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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 203.6%.

Top Shareholders

Company Information

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

Key Information

  • Name: ATEX Resources Inc.
  • Ticker: ATX
  • Exchange: TSXV
  • Founded: 1981
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$67.914m
  • Shares outstanding: 111.34m
  • Website:


  • ATEX Resources Inc.
  • 25 Adelaide Street East
  • Suite 1900
  • Toronto
  • Ontario
  • M5C 3A1
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Annual Earnings2021/09/30

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.