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Equitorial Exploration

TSXV:EXX
Snowflake Description

Mediocre balance sheet with weak fundamentals.

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

Equitorial Exploration Corp., a junior resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. The last earnings update was 113 days ago. More info.


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  • Equitorial Exploration has significant price volatility in the past 3 months.
EXX Share Price and Events
7 Day Returns
-14.3%
TSXV:EXX
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-66.7%
TSXV:EXX
-5.9%
CA Metals and Mining
0.7%
CA Market
EXX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Equitorial Exploration (EXX) -14.3% 0% -14.3% -66.7% -40% -89.3%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • EXX underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • EXX underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
EXX
Industry
5yr Volatility vs Market

EXX Value

 Is Equitorial Exploration 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 Equitorial Exploration. This is due to cash flow or dividend data being unavailable. The share price is CA$0.03.
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 Equitorial Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Equitorial Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:EXX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.02
TSXV:EXX Share Price ** TSXV (2019-03-15) in CAD CA$0.03
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

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

** Primary Listing of Equitorial Exploration.

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

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

= 0.03 ÷ -0.02

-1.29x

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

  • Equitorial Exploration is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Equitorial Exploration is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Equitorial Exploration's expected growth come at a high price?
Raw Data
TSXV:EXX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.29x
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 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*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 Equitorial Exploration, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Equitorial Exploration's assets?
Raw Data
TSXV:EXX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.01
TSXV:EXX Share Price * TSXV (2019-03-15) in CAD CA$0.03
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSXV:EXX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ 0.01

2.41x

* Primary Listing of Equitorial Exploration.

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

  • Equitorial Exploration is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Equitorial Exploration'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. Equitorial Exploration 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.

EXX Future Performance

 How is Equitorial Exploration 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 Equitorial Exploration 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
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Equitorial Exploration expected to grow at an attractive rate?
  • Unable to compare Equitorial Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Equitorial Exploration's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Equitorial Exploration's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:EXX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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:EXX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:EXX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -1 -2
2018-06-30 -1 -2
2018-03-31 -1 -2
2017-12-31 -1 -3
2017-09-30 -2 -3
2017-06-30 -1 -3
2017-03-31 -1 -2
2016-12-31 -1 -3
2016-09-30 0 -2
2016-06-30 0 -2
2016-03-31 0 -2
2015-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Equitorial Exploration is high growth as no earnings estimate data is available.
  • Unable to determine if Equitorial Exploration 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:EXX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Equitorial Exploration Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:EXX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.05
2017-09-30 -0.05
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.05
2016-09-30 -0.03
2016-06-30 -0.04
2016-03-31 -0.05
2015-12-31 0.00

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

Next steps:

  1. Take a look at our analysis of EXX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Equitorial Exploration'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. Equitorial Exploration'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
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Future performance checks
We assess Equitorial Exploration'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.
Equitorial Exploration 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.

EXX Past Performance

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

TSXV:EXX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -1.71 1.50
2018-06-30 -1.84 1.64
2018-03-31 -1.96 1.68
2017-12-31 -3.00 1.54
2017-09-30 -2.91 1.34
2017-06-30 -2.56 1.12
2017-03-31 -2.03 0.67
2016-12-31 -2.60 0.48
2016-09-30 -1.80 0.70
2016-06-30 -1.96 0.62
2016-03-31 -2.03 0.61
2015-12-31 -0.18 0.64
2015-09-30 -1.14 0.36
2015-06-30 -1.22 0.46
2015-03-31 -1.51 0.86
2014-12-31 -1.60 1.03
2014-09-30 -1.24 1.07
2014-06-30 -1.09 1.05
2014-03-31 -0.92 0.91
2013-12-31 -0.73 0.74
2013-09-30 -0.62 0.58
2013-06-30 -0.48 0.44
2013-03-31 -0.14 0.11
2012-12-31 -0.07 0.04
2012-09-30 -0.08 0.06
2012-06-30 -0.13 0.09
2012-03-31 -0.15 0.12

*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 Equitorial Exploration has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Equitorial Exploration 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 Equitorial Exploration 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 Equitorial Exploration'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.
Equitorial Exploration 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.

EXX Health

 How is Equitorial Exploration'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 Equitorial Exploration's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Equitorial Exploration's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Equitorial Exploration has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Equitorial Exploration'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.
  • High level of physical assets or inventory.
  • Equitorial Exploration 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 Equitorial Exploration Company Filings, last reported 5 months ago.

TSXV:EXX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1.00 0.00 0.03
2018-06-30 1.22 0.00 0.09
2018-03-31 0.98 0.00 0.01
2017-12-31 1.05 0.00 0.01
2017-09-30 1.29 0.00 0.11
2017-06-30 0.97 0.00 0.28
2017-03-31 1.17 0.00 0.75
2016-12-31 2.50 0.00 2.29
2016-09-30 2.21 0.00 1.89
2016-06-30 1.88 0.00 2.02
2016-03-31 2.05 0.00 2.08
2015-12-31 4.12 0.00 4.32
2015-09-30 3.05 0.11 0.01
2015-06-30 2.68 0.11 0.01
2015-03-31 2.81 0.10 0.01
2014-12-31 2.97 0.10 0.08
2014-09-30 2.22 0.85 0.17
2014-06-30 2.06 0.67 0.00
2014-03-31 2.42 0.00 0.72
2013-12-31 0.76 0.00 0.08
2013-09-30 0.83 0.00 0.33
2013-06-30 0.79 0.00 0.55
2013-03-31 0.35 0.00 0.17
2012-12-31 0.44 0.00 0.45
2012-09-30 0.46 0.00 0.46
2012-06-30 0.47 0.00 0.47
2012-03-31 0.49 0.00 0.50
  • Equitorial Exploration has no debt.
  • Equitorial Exploration had no debt 5 years ago.
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.

  • Equitorial Exploration has less than a year of cash runway based on current free cash flow.
  • Equitorial Exploration has less than a year of cash runway if free cash flow continues to grow at historical rates of 12.4% each year.
X
Financial health checks
We assess Equitorial Exploration'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. Equitorial Exploration has a total score of 3/6, 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.

EXX Dividends

 What is Equitorial Exploration'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 Equitorial Exploration dividends.
If you bought CA$2,000 of Equitorial Exploration 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 Equitorial Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Equitorial Exploration'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:EXX 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 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

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 Equitorial Exploration has not reported any payouts.
  • Unable to verify if Equitorial Exploration's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Equitorial Exploration's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Equitorial Exploration 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 Equitorial Exploration'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 Equitorial Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Equitorial Exploration 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.

EXX Management

 What is the CEO of Equitorial Exploration'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
Pat Power
COMPENSATION CA$0
AGE 55
TENURE AS CEO 0.3 years
CEO Bio

Mr. Patrick Edward Power, also known as Pat, has been Chief Executive Officer of Equitorial Exploration Corp. since November 23, 2018. Mr. Power has been the Chief Executive Officer and President at Arctic Star Exploration Corp since October 23, 2018. He previously served as the Chief Executive Officer at Arctic Star Exploration Corp, (a/k/a, Arctic Star Diamond Corp.) since 2002 until November 16, 2017 and also served as its President. Mr. Power serves as Executive Chairman at Arctic Star Exploration Corp. since November 20, 2017. Mr. Power has been the Chief Financial Officer and Secretary of Pennant Energy Inc., since March 2003. He served as a Senior Vice President of Corporate Development at Western Potash Corp. since July 15, 2010 until September 29, 2016. Mr. Power served as the Chief Executive Officer of Equitorial Exploration Corp. since May 22, 2013 and also served as its Secretary since September 21, 2010 respectively until September 29, 2015. He is employed at Royal Invest International Corp. He served as the Chief Financial Officer of Equitorial Exploration Corp. since September 21, 2010 until May 2013. He served as the Chief Executive Officer and President of Equitorial Exploration Corp. from September 21, 2010 to October 3, 2011. He served as the Chief Executive Officer and President of CIC Mining Resources Ltd. He served as the Chief Executive Officer and President of Austin Developments Corp., since November 1990. He served as the President of Global Netcare Ltd., since December 1998. He served as the President of Datinvest International Ltd., from March 1, 2003 to October 27, 2003. Mr. Power served as the President of Montello Resources Ltd., from November 5, 1993 to April 11, 2006. He served as Corporate Secretary of Western Potash Corp. since January 1, 2009 until July 1, 2010. He has over 15 years of experience as a stock market professional and as director of public companies. He has been a Director of Pennant Energy Inc., since March 2003; Austin Developments Corp., since November 1990. He has been a Director of Arctic Star Exploration Corp, (a/k/a, Arctic Star Diamond Corp) since January 5, 2001. Mr. Power served as an Independent Director at Western Potash Corp. from April 2007 to April 5, 2016. He served as Independent Director of Amarillo Gold Corporation since November 3, 2004 until June 8, 2017. He served as a Director of Equitorial Exploration Corp. since September 21, 2010 until September 29, 2015. He served as Non Executive Director of Western Potash Corp. since September 29, 2016. He served as a Director of Discovery Harbour Resources Corp., a subsidiary of Western Potash Corp. He served as a Director at Pistol Bay Mining Inc. Mr. Power served as a Director of other mineral exploration companies, including International Samuel Exploration Corp., Solitaire Minerals Corp. since April 2000 and First Narrows Resources Corp. since November 1995. He served as an Independent Director of Zimtu Capital Corp. from July 31, 2008 to August 2015. He served as an Independent Director of Arizona Silver Exploration Inc. (formerly Damon Capital Corp.) from May 2, 2011 to November 18, 2016. He served as a Director of Montello Resources Ltd., from November 5, 1993 to April 11, 2006. He served as a Director of Sentinel Resources Ltd. from July 1993 to January 1995. He served as a Director of Goldtex Resources Ltd. from December 1996 to July 1997. Mr. Power served as a Director of Global Netcare Ltd., since December 1998.

CEO Compensation
  • Insufficient data for Pat to compare compensation growth.
  • Pat's remuneration is lower than average for companies of similar size in Canada.
Management Team

Binny Jassal

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$46K
AGE
57
TENURE
2.8 yrs

Pat Power

TITLE
Chief Executive Officer
AGE
55
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Equitorial Exploration board of directors in years:

3.3
Average Tenure
  • The tenure for the Equitorial Exploration board of directors is about average.
Board of Directors

Binny Jassal

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$46K
AGE
57
TENURE
3.3 yrs

Saf Dhillon

TITLE
Director
COMPENSATION
CA$30K
TENURE
3.3 yrs

Buddy Doyle

TITLE
Director
AGE
56
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Equitorial Exploration insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
09. Mar 19 Sell Patrick Power Individual 05. Mar 19 05. Mar 19 -14,000 CA$0.03 CA$-490
21. Feb 19 Sell Patrick Power Individual 19. Feb 19 19. Feb 19 -76,000 CA$0.03 CA$-2,280
08. Feb 19 Sell Patrick Power Individual 07. Feb 19 07. Feb 19 -250,000 CA$0.03 CA$-6,500
01. Feb 19 Buy Patrick Power Individual 28. Jan 19 28. Jan 19 4,000 CA$0.03 CA$120
31. Jan 19 Buy Patrick Power Individual 28. Jan 19 28. Jan 19 100,000 CA$0.03 CA$3,500
28. Jan 19 Buy Patrick Power Individual 25. Jan 19 25. Jan 19 246,000 CA$0.04 CA$8,610
23. Jan 19 Sell Patrick Power Individual 23. Jan 19 23. Jan 19 -200,000 CA$0.03 CA$-6,000
21. Jan 19 Sell Patrick Power Individual 17. Jan 19 18. Jan 19 -200,000 CA$0.04 CA$-6,991
11. Jan 19 Buy Patrick Power Individual 08. Jan 19 09. Jan 19 128,000 CA$0.04 CA$5,102
04. Jan 19 Buy Patrick Power Individual 04. Jan 19 04. Jan 19 50,000 CA$0.05 CA$2,250
02. Jan 19 Buy Patrick Power Individual 28. Dec 18 31. Dec 18 222,000 CA$0.05 CA$9,386
22. Dec 18 Sell Patrick Power Individual 18. Dec 18 21. Dec 18 -182,000 CA$0.04 CA$-5,986
18. Dec 18 Buy Patrick Power Individual 14. Dec 18 14. Dec 18 32,000 CA$0.04 CA$1,120
08. Nov 18 Sell Jatinder Bal Individual 02. Nov 18 02. Nov 18 -500,000 CA$0.03 CA$-15,000
23. Oct 18 Sell Jatinder Bal Individual 17. Oct 18 17. Oct 18 -400,000 CA$0.03 CA$-12,000
13. Aug 18 Buy Jatinder Bal Individual 09. Aug 18 09. Aug 18 220,000 CA$0.05 CA$11,000
30. Jul 18 Buy Brijender Jassal Individual 30. Jul 18 30. Jul 18 100,000 CA$0.05 CA$5,500
09. Jul 18 Sell Jatinder Bal Individual 02. Jul 18 04. Jul 18 -900,000 CA$0.07 CA$-66,462
19. Jun 18 Buy Jatinder Bal Individual 18. Jun 18 18. Jun 18 500,000 CA$0.08 CA$40,000
19. Jun 18 Buy Jatinder Bal Individual 13. Jun 18 18. Jun 18 750,000 CA$0.10 CA$63,426
22. May 18 Buy Jatinder Bal Individual 15. May 18 16. May 18 275,000 CA$0.09 CA$24,681
X
Management checks
We assess Equitorial Exploration'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. Equitorial Exploration 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.

EXX News

Simply Wall St News

Who Has Been Buying Equitorial Exploration Corp. (CVE:EXX) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Equitorial Exploration Corp. … Equitorial Exploration Insider Transactions Over The Last Year. … Overall, Equitorial Exploration insiders were net buyers last year

Simply Wall St -

EXX Company Info

Description

Equitorial Exploration Corp., a junior resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. It owns 100% interests in the Tule Valley Lithium Brine project comprising 26 placer claims covering an area of 4,200 acres located to the south west of Salt Lake City, Utah; the Gerlach Lithium Brine properties consisting of 89 placer claims covering an area of 1,780 acres located in the Washoe County, Nevada; and the Li Property that comprise 5,393 hectares located in Northwest Territories, Canada. It also has an option agreement to acquire a 100% interest in the Cat Lake Lithium Property, which include 3 claims covering an area of 99 hectares located in Winnipeg, Manitoba. The company was formerly known as Equitorial Capital Corp. and changed its name to Equitorial Exploration Corp. in June 2013. Equitorial Exploration Corp. was incorporated in 2010 and is headquartered in Vancouver, Canada.

Details
Name: Equitorial Exploration Corp.
EXX
Exchange: TSXV
Founded: 2010
CA$2,412,024
80,400,831
Website: http://equitorialexploration.com
Address: Equitorial Exploration Corp.
1111 West Georgia Street,
Suite 1400,
Vancouver,
British Columbia, V6E 4M3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV EXX Common Shares TSX Venture Exchange CA CAD 14. Jul 2011
OTCPK EQTX.F Common Shares Pink Sheets LLC US USD 14. Jul 2011
DB EE1 Common Shares Deutsche Boerse AG DE EUR 14. Jul 2011
Number of employees
Current staff
Staff numbers
0
Equitorial Exploration employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:31
End of day share price update: 2019/03/15 00:00
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.