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Cipher Resources

TSXV:CIFR
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIFR
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Cipher Resources Inc. focuses on the lower mid-market precious and base metal mining properties. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • Cipher Resources has significant price volatility in the past 3 months.
CIFR Share Price and Events
7 Day Returns
8.3%
TSXV:CIFR
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-23.5%
TSXV:CIFR
-3.9%
CA Metals and Mining
2.6%
CA Market
CIFR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cipher Resources (CIFR) 8.3% -35% -7.1% -23.5% -35% -92.8%
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
  • CIFR underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • CIFR underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
CIFR
Industry
5yr Volatility vs Market

Value

 Is Cipher 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 Cipher Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.065.
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 Cipher Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cipher Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:CIFR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.02
TSXV:CIFR Share Price ** TSXV (2019-03-21) in CAD CA$0.07
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 Cipher Resources.

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

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

= 0.07 ÷ -0.02

-3.01x

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

  • Cipher Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Cipher Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Cipher Resources's expected growth come at a high price?
Raw Data
TSXV:CIFR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 Cipher Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cipher Resources's assets?
Raw Data
TSXV:CIFR 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:CIFR Share Price * TSXV (2019-03-21) in CAD CA$0.07
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:CIFR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.07 ÷ 0.05

1.4x

* Primary Listing of Cipher Resources.

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

  • Cipher Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Cipher 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. Cipher Resources has a total score of 1/6, 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.

Future Performance

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

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 Cipher 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
34.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cipher Resources expected to grow at an attractive rate?
  • Unable to compare Cipher Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cipher Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Cipher Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:CIFR Future Growth Rates Data Sources
Data Point Source Value (per year)
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:CIFR 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:CIFR Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -2 -1
2018-09-30 -1 -1
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 -1 -1
2017-09-30 -1 -1
2017-06-30 -1 -1
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0 0
2016-06-30 0 0
2016-03-31 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cipher Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Cipher 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:CIFR 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 Cipher Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:CIFR Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.03
2018-06-30 -0.05
2018-03-31 -0.08
2017-12-31 -0.12
2017-09-30 -0.12
2017-06-30 -0.14
2017-03-31 -0.06
2016-12-31 -0.02
2016-09-30 -0.03
2016-06-30 -0.08
2016-03-31 -0.12

*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 Cipher Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Cipher 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.
  2. Cipher Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Cipher Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Cipher 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.
Cipher Resources has a total score of 0/6, 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.

Past Performance

  How has Cipher 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 Cipher 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.
  • Cipher Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Cipher Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cipher Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Cipher 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 Cipher Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:CIFR 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 -0.85 0.70
2018-09-30 -0.90 0.73
2018-06-30 -0.85 0.73
2018-03-31 -0.91 0.56
2017-12-31 -1.12 0.60
2017-09-30 -0.91 0.48
2017-06-30 -0.80 0.39
2017-03-31 -0.29 0.17
2016-12-31 -0.13 0.09
2016-09-30 -0.14 0.10
2016-06-30 -0.39 0.33
2016-03-31 -0.49 0.42
2015-12-31 -0.99 0.43
2015-09-30 -1.00 0.43
2015-06-30 -0.77 0.22
2015-03-31 -0.44 0.16
2014-12-31 -0.05 0.18
2014-09-30 -0.05 0.21
2014-06-30 -0.05 0.21
2014-03-31 -0.34 0.21
2013-12-31 -0.31 0.17
2013-09-30 -0.31 0.16
2013-06-30 -0.28 0.15
2013-03-31 -0.27 0.15
2012-12-31 -0.50 0.16
2012-09-30 -0.55 0.22
2012-06-30 -0.60 0.24
2012-03-31 -0.55 0.22

*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 Cipher 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 Cipher 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 Cipher 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 Cipher 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.
Cipher 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.

Health

 How is Cipher 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 Cipher Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cipher Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cipher Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cipher 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.
  • Cipher 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 Cipher Resources Company Filings, last reported 2 months ago.

TSXV:CIFR Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2.78 0.00 2.69
2018-09-30 2.96 0.00 2.92
2018-06-30 2.58 0.12 2.32
2018-03-31 -0.73 0.18 0.93
2017-12-31 -0.67 0.07 0.01
2017-09-30 -0.43 0.06 0.00
2017-06-30 -0.33 0.01 0.01
2017-03-31 -0.56 0.15 0.00
2016-12-31 -0.28 0.09 0.00
2016-09-30 -0.26 0.08 0.00
2016-06-30 -0.24 0.08 0.00
2016-03-31 -0.21 0.06
2015-12-31 -0.16 0.02 0.00
2015-09-30 -0.12 0.02 0.00
2015-06-30 -0.98 0.43
2015-03-31 -1.04 0.46 0.00
2014-12-31 -0.43 0.43
2014-09-30 -0.37 0.43
2014-06-30 -0.33 0.38
2014-03-31 -0.62 0.44
2013-12-31 -0.54 0.40 0.01
2013-09-30 -0.46 0.40
2013-06-30 -0.42 0.36 0.01
2013-03-31 -0.33 0.29 0.00
2012-12-31 -0.20 0.25 0.00
2012-09-30 -0.15 0.21 0.00
2012-06-30 -0.09 0.11 0.00
2012-03-31 -0.11 0.11 0.02
  • Cipher Resources has no debt.
  • Cipher Resources currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.

  • Cipher Resources has sufficient cash runway for 1.7 years based on current free cash flow.
  • Cipher Resources has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 59.1% each year.
X
Financial health checks
We assess Cipher 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. Cipher 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.

Dividends

 What is Cipher 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 Cipher Resources dividends.
If you bought CA$2,000 of Cipher 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 Cipher Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cipher 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:CIFR 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 Cipher Resources has not reported any payouts.
  • Unable to verify if Cipher Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cipher Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cipher 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 Cipher 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 Cipher Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cipher 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.

Management

 What is the CEO of Cipher 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
Elena Tanzola
TENURE AS CEO 1.7 years
CEO Bio

Ms. Elena Encheva Tanzola has been President and Chief Executive Officer of Cipher Resources Inc.(also known as Dorex Minerals Inc) since July 30, 2017 and has been its Director since May 8, 2017. Ms. Tanzola is a founding partner and Senior Analyst of Cipher Research with over 7 years of experience in the metals and mining industry with a primary focus on research and financial modeling. She spent over 2 years on valuation of companies and assets as part of a M&A strategy for a gold producer. She is a founding partner in Cipher Research with over 7 years of experience in the metals and mining industry, with a primary focus on equity research and financial modelling for mining projects. She has a B.A. in International Relations with focus on Economics from the University of British Columbia.

CEO Compensation
  • Insufficient data for Elena to compare compensation growth.
  • Insufficient data for Elena to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Cipher Resources management team in years:

0.8
Average Tenure
  • The average tenure for the Cipher Resources management team is less than 2 years, this suggests a new team.
Management Team

Elena Tanzola

TITLE
President
TENURE
1.7 yrs

Dan O’Brien

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Doris Meyer

TITLE
Corporate Secretary
AGE
66
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Cipher Resources board of directors in years:

0.8
Average Tenure
  • The average tenure for the Cipher Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul Mainwaring

TITLE
Director
TENURE
0.8 yrs

Elena Tanzola

TITLE
President
TENURE
1.8 yrs

Jim Mustard

TITLE
Director
COMPENSATION
CA$88K
AGE
65
TENURE
1.7 yrs

Guy Bertin

TITLE
Director
TENURE
0.9 yrs

George Pyper

TITLE
Director
TENURE
0.7 yrs

Duncan Gordon

TITLE
Director
TENURE
0.7 yrs

Jeremy Bond

TITLE
Director
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$) Value (CA$)
16. May 18 Buy Elena Tanzola Individual 11. May 18 11. May 18 750,000 CA$0.10 CA$75,000
11. Oct 18 Sell Guy Bertin Individual 04. Sep 18 04. Sep 18 -50,000 CA$0.10 CA$-4,860
21. Sep 18 Sell Guy Bertin Individual 17. Sep 18 17. Sep 18 -72,500 CA$0.09 CA$-6,525
10. Sep 18 Sell Guy Bertin Individual 07. Sep 18 07. Sep 18 -50,000 CA$0.10 CA$-5,000
28. Aug 18 Buy Terra Capital Pty Ltd Company 22. Aug 18 22. Aug 18 10,000,000 CA$0.10 CA$999,994
23. Aug 18 Buy James Mustard Individual 23. Aug 18 23. Aug 18 300,000 CA$0.11 CA$33,000
08. Aug 18 Buy Duncan Gordon Individual 07. Aug 18 07. Aug 18 280,000 CA$0.10 CA$28,000
08. Aug 18 Buy Endeavour Financial Corp., Asset Management Arm Company 07. Aug 18 07. Aug 18 730,000 CA$0.10 CA$73,000
X
Management checks
We assess Cipher 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. Cipher 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.

News

Simply Wall St News

Before You Buy Cipher Resources Inc. (CVE:CIFR), Consider Its Volatility

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

How Many Insiders Bought Cipher Resources Inc. (CVE:CIFR) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Cipher Resources Inc. … The Last 12 Months Of Insider Transactions At Cipher Resources. … But insiders sold 172.50k shares worth CA$16k.

Simply Wall St -

Does Cipher Resources Inc (CVE:CIFR) Have A Particularly Volatile Share Price?

If you're interested in Cipher Resources Inc (CVE:CIFR), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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How Should You Think About Cipher Resources Inc's (CVE:CIFR) Risks?

If you are a shareholder in Cipher Resources Inc’s (CVE:CIFR), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … Broadly speaking, there are two types of risk you should consider when investing in stocks such as CIFR. … The second risk is market-wide, which arises from investing in the stock market.

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Why You Need To Look At This Factor Before Buying Cipher Resources Inc (CVE:CIFR)

View our latest analysis for Cipher Resources An interpretation of CIFR's beta Cipher Resources has a beta of 1.23, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … With a market cap of CA$977.42K, CIFR falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … How CIFR's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Who Are The Top Investors In Cipher Resources Inc (CVE:CIFR)?

Today, I will be analyzing Cipher Resources Inc’s (TSXV:CIFR) recent ownership structure, an important but not-so-popular subject among individual investors. … View our latest analysis for Cipher Resources TSXV:CIFR Ownership_summary Mar 7th 18 Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … Rather, you should be examining fundamental factors such as Cipher Resources's past track record and financial health.

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Who Are The Top Investors In Cipher Resources Inc (TSXV:CIFR)?

I am going to take a deep dive into Cipher Resources Inc’s (TSXV:CIFR) most recent ownership structure, not a frequent subject of discussion among individual investors. … Check out our latest analysis for Cipher Resources TSXV:CIFR Ownership Summary Nov 4th 17 Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

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Company Info

Description

Cipher Resources Inc. focuses on the lower mid-market precious and base metal mining properties. The company primarily explores for and develops gold, copper, and silver projects in Slovakia, Chile, Peru, and Argentina. Its principal property is the Carmelita Property, which covers an area of 2,400 hectares located in the city of La Serena. The company was formerly known as Dorex Minerals Inc. and changed its name to Cipher Resources Inc. in September 2017. Cipher Resources Inc. was incorporated in 1989 and is based in Vancouver, Canada.

Details
Name: Cipher Resources Inc.
CIFR
Exchange: TSXV
Founded: 1989
CA$3,900,434
60,006,690
Website: http://www.cipherresources.com
Address: Cipher Resources Inc.
503 – 570 Granville Street,
Vancouver,
British Columbia, V6C 3P1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV CIFR Common Shares TSX Venture Exchange CA CAD 04. Nov 1999
OTCPK DREX.F Common Shares Pink Sheets LLC US USD 04. Nov 1999
MUN A9L1 Common Shares Boerse Muenchen DE EUR 04. Nov 1999
Number of employees
Current staff
Staff numbers
0
Cipher Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:58
End of day share price update: 2019/03/21 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.