TSXV:GGX

Stock Analysis Report

Executive Summary

GGX Gold Corp., a mineral exploration company, acquires, explores, and develops mineral properties in Canada.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has GGX Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

GGX

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-76.2%

GGX

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: GGX underperformed the Canadian Metals and Mining industry which returned 6.3% over the past year.

Return vs Market: GGX underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

GGXIndustryMarket
7 Day0%-6.0%-6.2%
30 Day-11.8%-1.0%-5.0%
90 Day-37.5%4.9%-2.8%
1 Year-76.2%-76.2%2.9%2.2%1.1%-2.0%
3 Year-72.2%-72.2%-2.8%-4.5%10.7%0.6%
5 Year-76.2%-76.2%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is GGX Gold undervalued compared to its fair value and its price relative to the market?


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.


Next Steps

  • 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.
  • 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 regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

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

15.0%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has GGX Gold performed over the past 5 years?

-30.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GGX is currently unprofitable.

Growing Profit Margin: GGX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GGX is unprofitable, and losses have increased over the past 5 years at a rate of -30.7% per year.

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

Earnings vs Industry: GGX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: GGX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is GGX Gold's financial position?


Financial Position Analysis

Short Term Liabilities: GGX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GGX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GGX is debt free.

Reducing Debt: GGX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: GGX has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GGX's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GGX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GGX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -35% each year


Next Steps

Dividend

What is GGX Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GGX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GGX's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GGX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.8yrs

Average board tenure


CEO

Barry Brown (66yo)

3.3yrs

Tenure

CA$16,000

Compensation

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 2 ...


CEO Compensation Analysis

Compensation vs Market: Barry's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD156.06K).

Compensation vs Earnings: Barry's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Barry Brown
Chairman & CEO3.3yrsCA$16.00k2.23% CA$39.3k
Scott Kent
Independent Director4.4yrsno datano data
Christopher Anderson
0yrsno datano data
Quinn Field-Dyte
Independent Director5.8yrsno datano data
Alex McPherson
0yrsno datano data
Stu Hughes
Director3.2yrsno datano data

3.8yrs

Average Tenure

Experienced Board: GGX's board of directors are considered experienced (3.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 65.4%.


Top Shareholders

Company Information

GGX Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GGX Gold Corp.
  • Ticker: GGX
  • Exchange: TSXV
  • Founded: 2007
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$1.759m
  • Shares outstanding: 23.45m
  • Website: https://ggxgold.com

Location

  • GGX Gold Corp.
  • 888 Dunsmuir Street
  • Suite 888
  • Vancouver
  • British Columbia
  • V6C 3K4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GGXTSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 2011
3SRDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2011
GGXX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2011

Biography

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 located 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 based in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:06
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.