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GGX Gold

TSXV:GGX
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

GGX Gold Corp., a mineral exploration company, acquires, explores, and develops mineral properties in Canada. The last earnings update was 18 days ago. More info.


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GGX Share Price and Events
7 Day Returns
-4.8%
TSXV:GGX
-0.1%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-20%
TSXV:GGX
-7%
CA Metals and Mining
-0.2%
CA Market
GGX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GGX Gold (GGX) -4.8% 5.3% 100% -20% -37.5% -83.3%
CA Metals and Mining -0.1% 2.7% 11.6% -7% 7.6% -24.1%
CA Market 0.9% 2.2% 10.5% -0.2% 15.7% 4.9%
1 Year Return vs Industry and Market
  • GGX underperformed the Metals and Mining industry which returned -7% over the past year.
  • GGX underperformed the Market in Canada which returned -0.2% over the past year.
Price Volatility
GGX
Industry
5yr Volatility vs Market

GGX Value

 Is GGX Gold 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.

In this section, we usually try to help investors determine whether GGX Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as GGX Gold has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for GGX Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.1.
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 GGX Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GGX Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GGX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.06
TSXV:GGX Share Price ** TSXV (2019-03-15) in CAD CA$0.1
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

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

** Primary Listing of GGX Gold.

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

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

= 0.1 ÷ -0.06

-1.61x

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

  • GGX Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • GGX Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does GGX Gold's expected growth come at a high price?
Raw Data
TSXV:GGX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.61x
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 0.69x
Canada Market PEG Ratio Median Figure of 251 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 GGX Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GGX Gold's assets?
Raw Data
TSXV:GGX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$-0.01
TSXV:GGX Share Price * TSXV (2019-03-15) in CAD CA$0.1
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:GGX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.1 ÷ -0.01

-6.97x

* Primary Listing of GGX Gold.

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

  • GGX Gold has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of GGX’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. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through GGX Gold's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess GGX Gold'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. GGX Gold 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.

GGX Future Performance

 How is GGX Gold 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 GGX Gold 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
33.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GGX Gold expected to grow at an attractive rate?
  • Unable to compare GGX Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GGX Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare GGX Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GGX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:GGX 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:GGX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -2 -3
2018-09-30 -2 -3
2018-06-30 -3 -3
2018-03-31 -2 -3
2017-12-31 -2 -2
2017-09-30 -2 -2
2017-06-30 -1 -2
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -1
2016-06-30 -1 0
2016-03-31 0 -1

*GAAP earnings excluding extraordinary items.

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

TSXV:GGX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.06
2018-09-30 -0.08
2018-06-30 -0.10
2018-03-31 -0.09
2017-12-31 -0.09
2017-09-30 -0.09
2017-06-30 -0.12
2017-03-31 -0.10
2016-12-31 -0.13
2016-09-30 -0.13
2016-06-30 -0.05
2016-03-31 -0.75

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

Next steps:

  1. Take a look at our analysis of GGX’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. GGX Gold'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. GGX Gold'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 GGX Gold'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.
GGX Gold 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.

GGX Past Performance

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

TSXV:GGX 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 -2.52 2.95
2018-09-30 -3.01 3.20
2018-06-30 -2.99 3.65
2018-03-31 -2.52 2.91
2017-12-31 -1.98 2.29
2017-09-30 -1.67 2.24
2017-06-30 -1.80 1.77
2017-03-31 -1.23 1.36
2016-12-31 -1.13 1.31
2016-09-30 -0.75 0.92
2016-06-30 -0.17 0.35
2016-03-31 -1.21 0.24
2015-12-31 -1.22 0.21
2015-09-30 -1.21 0.21
2015-06-30 -1.22 0.21
2015-03-31 -0.20 0.24
2014-12-31 -0.36 0.40
2014-09-30 -0.42 0.43
2014-06-30 -0.55 0.53
2014-03-31 -1.02 0.62
2013-12-31 -0.89 0.50
2013-09-30 -0.96 0.57
2013-06-30 -0.88 0.49
2013-03-31 -0.73 0.32
2012-12-31 -0.80 0.37
2012-09-30 -0.65 0.25
2012-06-30 -0.63 0.24
2012-03-31 -0.44 0.36

*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 GGX Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if GGX Gold 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 GGX Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess GGX Gold'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.
GGX Gold 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.

GGX Health

 How is GGX Gold'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 GGX Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GGX Gold's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GGX Gold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GGX Gold'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.
  • GGX Gold has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 GGX Gold Company Filings, last reported 2 months ago.

TSXV:GGX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -0.65 0.00 0.03
2018-09-30 -0.38 0.00 0.05
2018-06-30 0.13 0.00 0.29
2018-03-31 0.09 0.00 0.16
2017-12-31 0.37 0.00 0.27
2017-09-30 0.76 0.00 0.70
2017-06-30 0.18 0.00 0.06
2017-03-31 0.19 0.00 0.27
2016-12-31 0.32 0.00 0.42
2016-09-30 0.20 0.00 0.33
2016-06-30 0.15 0.00 0.44
2016-03-31 -0.69 0.00 0.00
2015-12-31 -0.79 0.00 0.00
2015-09-30 -0.72 0.00 0.00
2015-06-30 -0.68 0.00
2015-03-31 0.39 0.00 0.00
2014-12-31 0.43 0.00 0.01
2014-09-30 0.49 0.00 0.00
2014-06-30 0.54 0.00 0.00
2014-03-31 0.62 0.00 0.00
2013-12-31 0.36 0.00 0.00
2013-09-30 0.36 0.00 0.19
2013-06-30 0.28 0.00 0.22
2013-03-31 0.79 0.00 0.43
2012-12-31 0.89 0.00 0.56
2012-09-30 0.65 0.00 0.30
2012-06-30 0.74 0.00 0.43
2012-03-31 0.87 0.00 0.59
  • GGX Gold has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if GGX Gold's debt level has increased considering it has negative shareholder equity.
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.

  • GGX Gold has less than a year of cash runway based on current free cash flow.
  • GGX Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 51.4% each year.
X
Financial health checks
We assess GGX Gold'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. GGX Gold has a total score of 1/6, 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.

GGX Dividends

 What is GGX Gold'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 GGX Gold dividends.
If you bought CA$2,000 of GGX Gold 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 GGX Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GGX Gold'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:GGX 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 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
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 GGX Gold has not reported any payouts.
  • Unable to verify if GGX Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GGX Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GGX Gold 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 GGX Gold'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 GGX Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GGX Gold 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.

GGX Management

 What is the CEO of GGX Gold'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
Barry Brown
COMPENSATION CA$52,150
AGE 65
TENURE AS CEO 2.3 years
CEO Bio

Mr. Barry Brown has been the Chief Executive Officer and President of Fort St. James Nickel Corp. since March 9, 2016. Mr. Brown has been the President at Strikezone Minerals (Canada) Ltd. since February 2000. He has been the Chief Executive Officer and President of GGX Gold Corp. since November 11, 2016. He has more than 35 years of experience as a director with publicly traded companies. He founded Ximen Mining Corp. (now Elm Tree Minerals Inc.) in 2006. He served as President and Chief Financial Officer of Gold World Resources Inc. and its Chief Executive Officer until April 29, 2005. Since 1978, Mr. Brown served as President of Barry Development Ltd. He served as Chief Executive Officer and President at Whistler Gold Exploration Inc., since February 19, 1999 until April 5, 2000. He has over 20 years of experience acting as a Director and/or President of reporting companies including Home Ventures Ltd., Regent Ventures Ltd., Hercules Ventures Inc., Reach Ventures Inc., Tracker Resources Ltd., Shoal Petroleum Ltd., Centaur Resources Ltd., Maximum Ventures Inc. and Baz Resources Ltd. Mr. Brown serves as Chairman of GGX Gold Corp (also know as Revolver Resources Inc.) since September 2016 and has been its Independent Director since July 29, 2015. He was a Director of Bluenose Gold Corp. from November 04, 2015 to November 02, 2018. He has been a Director of Whistler Gold Exploration Inc. since November 24, 2015. He has been Director at Fort St. James Nickel Corp. since December 22, 2015. He serves as a Director of Goldbank Mining Corporation since February 2, 2015and New Destiny Mining Corp. He has been Director of Newnote Financial Corp since July 23, 2015. He has been Director at Strikezone Minerals (Canada) Ltd. since February 2000. He served as an independent Director of Ximen Mining Corp. (formerly Everett Resources Limited) from December 04, 2006 to October 04, 2012. Mr. Brown served as Director of Palomine Mining Inc. since August 13, 2004. He served as Director of Gold World Resources Inc. since March 25, 1994 until January 17, 2007. He served as a Director of Universal Bioenergy, Inc., Barry Development Ltd. and Whistler Gold Exploration Inc. since November 24, 2015. Mr. Brown graduated from the University of British Columbia in 1976 with a Bachelor of Commerce degree in finance.

CEO Compensation
  • Barry's compensation has increased whilst company is loss making.
  • Barry's remuneration is lower than average for companies of similar size in Canada.
Management Team

Barry Brown

TITLE
Chairman
COMPENSATION
CA$52K
AGE
65
TENURE
2.3 yrs

Nicolette Keith

TITLE
Chief Financial Officer
AGE
46
TENURE
0.9 yrs

J. Forward

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure of the GGX Gold board of directors in years:

3
Average Tenure
  • The tenure for the GGX Gold board of directors is about average.
Board of Directors

Barry Brown

TITLE
Chairman
COMPENSATION
CA$52K
AGE
65
TENURE
2.5 yrs

Quinn Field-Dyte

TITLE
Director
COMPENSATION
CA$18K
AGE
49
TENURE
4.9 yrs

Scott Kent

TITLE
Director
COMPENSATION
CA$18K
TENURE
3.5 yrs

Stu Hughes

TITLE
Director
TENURE
2.3 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$) Value (CA$)
12. Apr 18 Buy Barry Brown Individual 10. Apr 18 10. Apr 18 800,000 CA$0.10 CA$80,000
X
Management checks
We assess GGX Gold'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. GGX Gold 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.

GGX News

Simply Wall St News

Read This Before Selling GGX Gold Corp. (CVE:GGX) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in GGX Gold Corp. … GGX Gold Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by Chairman Barry Brown for CA$80k worth of shares, at about CA$0.10 per share.

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What Kind Of Risk Should You Expect For GGX Gold Corp (CVE:GGX)?

Generally, an investor should consider two types of risk that impact the market value of GGX. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a beta of 2.34, GGX Gold is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn.

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Who Really Owns GGX Gold Corp (CVE:GGX)?

In this article, I'm going to take a look at GGX Gold Corp’s (TSXV:GGX) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure of a company has been found to affect share performance over time. … See our latest analysis for GGX Gold TSXV:GGX Ownership_summary Mar 20th 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.

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GGX Gold Corp (CVE:GGX): How Does It Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets. … However, this is the opposite to what GGX’s actual beta value suggests, which is higher stock volatility relative to the market.

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GGX Gold Corp (TSXV:GGX) And The Basic Materials Industry Prospect For 2017

Below, I will examine the sector growth prospects, and also determine whether GGX is a laggard or leader relative to its basic materials sector peers. … If your initial investment thesis is around the growth prospects of GGX, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its metals and mining peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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GGX Company Info

Description

GGX Gold Corp., a mineral exploration company, acquires, explores, and develops mineral properties in Canada. The company explores for gold and silver properties. It primarily focuses on its Gold Drop Property situated in the Greenwood Gold mining district, British Columbia. The company was formerly known as Revolver Resources Inc. and changed its name to GGX Gold Corp. in October 2016. GGX Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Details
Name: GGX Gold Corp.
GGX
Exchange: TSXV
Founded: 2007
CA$4,538,694
45,386,942
Website: http://ggxgold.com
Address: GGX Gold Corp.
888 Dunsmuir Street,
Suite 888,
Vancouver,
British Columbia, V6C 3K4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GGX Common Shares TSX Venture Exchange CA CAD 16. Feb 2011
OTCPK GGXX.F Common Shares Pink Sheets LLC US USD 16. Feb 2011
DB 3SR2 Common Shares Deutsche Boerse AG DE EUR 16. Feb 2011
Number of employees
Current staff
Staff numbers
0
GGX Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 00:19
End of day share price update: 2019/03/15 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.