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Giga Metals

TSXV:GIGA
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GIGA
TSXV
CA$8M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Giga Metals Corporation 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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  • Giga Metals has significant price volatility in the past 3 months.
GIGA Share Price and Events
7 Day Returns
-15.2%
TSXV:GIGA
-0.3%
CA Metals and Mining
0.5%
CA Market
1 Year Returns
-44.3%
TSXV:GIGA
-5.4%
CA Metals and Mining
0.9%
CA Market
GIGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Giga Metals (GIGA) -15.2% -29.1% 2.6% -44.3% 550% -51.3%
CA Metals and Mining -0.3% 0.9% 12.2% -5.4% 14.5% -18.7%
CA Market 0.5% 1.7% 14.2% 0.9% 17.2% 6.3%
1 Year Return vs Industry and Market
  • GIGA underperformed the Metals and Mining industry which returned -5.4% over the past year.
  • GIGA underperformed the Market in Canada which returned 0.9% over the past year.
Price Volatility
GIGA
Industry
5yr Volatility vs Market

Value

 Is Giga Metals 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 Giga Metals. This is due to cash flow or dividend data being unavailable. The share price is CA$0.195.
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 Giga Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Giga Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GIGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$0.11
TSXV:GIGA Share Price ** TSXV (2019-03-22) in CAD CA$0.2
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.47x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.17x

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

** Primary Listing of Giga Metals.

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

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

= 0.2 ÷ 0.11

1.83x

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

  • Giga Metals is good value based on earnings compared to the CA Metals and Mining industry average.
  • Giga Metals is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Giga Metals's expected growth come at a high price?
Raw Data
TSXV:GIGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.83x
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 0.71x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.23x

*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 Giga Metals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Giga Metals's assets?
Raw Data
TSXV:GIGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.24
TSXV:GIGA Share Price * TSXV (2019-03-22) in CAD CA$0.2
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.43x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.58x
TSXV:GIGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.2 ÷ 0.24

0.82x

* Primary Listing of Giga Metals.

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

  • Giga Metals is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Giga Metals'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. Giga Metals has a total score of 3/6, 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 Giga Metals 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 Giga Metals 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
34.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Giga Metals expected to grow at an attractive rate?
  • Unable to compare Giga Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Giga Metals's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Giga Metals's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GIGA Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.2%
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 7%

*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:GIGA 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:GIGA Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -1 4
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 -1 -1
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0 -10
2016-06-30 0 -10
2016-03-31 0 -10
2015-12-31 0 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Giga Metals is high growth as no earnings estimate data is available.
  • Unable to determine if Giga Metals 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:GIGA 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 Giga Metals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GIGA Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 0.11
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.03
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.67
2016-06-30 -0.85
2016-03-31 -1.13
2015-12-31 -1.13

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

Next steps:

  1. Examine whether Giga Metals is trading at Giga Metals'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Giga Metals'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. Giga Metals'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 Giga Metals'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.
Giga Metals 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 Giga Metals 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 Giga Metals'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.
  • Giga Metals has delivered over 20% year on year earnings growth in the past 5 years.
  • Giga Metals has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Giga Metals has become profitable in the last year making it difficult to compare the CA Metals and Mining industry average.
Earnings and Revenue History
Giga Metals'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 Giga Metals Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GIGA 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 4.34 1.59
2018-06-30 -1.42 1.36
2018-03-31 -1.10 0.98
2017-12-31 -0.68 0.60
2017-09-30 -0.25 0.22
2017-06-30 -0.21 0.19
2017-03-31 -0.23 0.18
2016-12-31 -0.22 0.18
2016-09-30 -10.25 0.16
2016-06-30 -10.25 0.15
2016-03-31 -10.23 0.16
2015-12-31 -10.23 0.16
2015-09-30 -22.82 0.18
2015-06-30 -22.82 0.19
2015-03-31 -22.79 0.19
2014-12-31 -22.80 0.20
2014-09-30 0.01 0.12
2014-06-30 -0.01 0.14
2014-03-31 -0.11 0.21
2013-12-31 -0.30 0.37
2013-09-30 -0.19 0.51
2013-06-30 -0.25 0.57
2013-03-31 -0.32 0.58
2012-12-31 -0.32 0.55
2012-09-30 -0.83 0.62
2012-06-30 -0.89 0.65
2012-03-31 -1.25 1.01

*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.
  • Giga Metals made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Giga Metals used its assets more efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Giga Metals 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 Giga Metals'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.
Giga Metals has a total score of 3/6, 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 Giga Metals'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 Giga Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Giga Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Giga Metals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Giga Metals'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.
  • Giga Metals 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 Giga Metals Company Filings, last reported 5 months ago.

TSXV:GIGA Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 10.27 0.00 7.56
2018-06-30 4.51 0.00 3.29
2018-03-31 4.84 0.00 3.97
2017-12-31 4.51 0.00 4.07
2017-09-30 0.68 0.00 0.47
2017-06-30 0.20 0.00 0.01
2017-03-31 0.25 0.00 0.04
2016-12-31 0.29 0.00 0.09
2016-09-30 0.34 0.00 0.13
2016-06-30 0.37 0.00 0.16
2016-03-31 0.36 0.00 0.17
2015-12-31 0.22 0.00 0.01
2015-09-30 10.31 0.00 0.04
2015-06-30 10.36 0.00 0.11
2015-03-31 10.41 0.00 0.03
2014-12-31 10.45 0.00 0.10
2014-09-30 33.13 0.00 0.16
2014-06-30 33.18 0.00 0.22
2014-03-31 33.21 0.00 0.03
2013-12-31 33.26 0.00 0.10
2013-09-30 33.12 0.13 0.16
2013-06-30 33.19 0.00 0.22
2013-03-31 33.32 0.00 0.36
2012-12-31 33.44 0.00 0.52
2012-09-30 32.60 0.18 0.11
2012-06-30 32.73 0.00 0.02
2012-03-31 32.92 0.00 0.42
  • Giga Metals has no debt.
  • Giga Metals has no debt compared to 5 years ago when it was 0.4%.
  • Giga Metals has no debt, it does not need to be covered by operating cash flow.
  • Giga Metals has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Giga Metals'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. Giga Metals 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 Giga Metals'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 Giga Metals dividends.
If you bought CA$2,000 of Giga Metals 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 Giga Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Giga Metals'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:GIGA 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 2.1%
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 Giga Metals has not reported any payouts.
  • Unable to verify if Giga Metals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Giga Metals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Giga Metals 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 Giga Metals'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 Giga Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Giga Metals 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 Giga Metals'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
Mark Jarvis
COMPENSATION CA$14,000
AGE 63
TENURE AS CEO 15.2 years
CEO Bio

Mr. Mark Jarvis has been the Chief Executive Officer and President of Shoal Point Energy Ltd. since June 28, 2013 and Giga Metals Corporation since January 9, 2004. Mr. Jarvis served as the President of Gemini Energy Corp. from November 1996 to January 2003. He served as a Broker of Pacific International Securities Ltd. from January 1991 to October 1996. He has more than 25 years of experience in the exploration, development &financing of mineral resources, both in the energy & metals industries. Mr. Jarvis served as the Chairman of Giga Metals Corporation from January 8, 2004 to July 7, 2008. He has been a Director of Shoal Point Energy Ltd. since June 28, 2013 and serves as its Chairman of the Board, Giga Metals Corporation since January 9, 2004. He served as a Director of Claren Energy Corp. (formerly known as Terra Nova Energy Ltd.) since March 2014. Mr. Jarvis served as a Director of Gemini Energy Corp. from November 1996 to January 2003 and Ultra Petroleum Corp. from October 1996 to August 1999.

CEO Compensation
  • Mark's compensation has increased in line with Giga Metals recently becoming profitable.
  • Mark's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Giga Metals management team in years:

5.3
Average Tenure
59
Average Age
  • The average tenure for the Giga Metals management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mark Jarvis

TITLE
CEO, President & Director
COMPENSATION
CA$14K
AGE
63
TENURE
15.2 yrs

Leslie Young

TITLE
Corporate Secretary
COMPENSATION
CA$18K
AGE
59
TENURE
15.1 yrs

Matt Anderson

TITLE
Controller & CFO
AGE
35
TENURE
0.9 yrs

Erick Bertsch

TITLE
Director of Corporate Communications
TENURE
0.4 yrs

Dave Tupper

TITLE
Manager of Exploration & Manager of Geology
TENURE
1.5 yrs

Lindsay MacLeod

TITLE
Investor Relations Executive
TENURE
9.2 yrs
Board of Directors Tenure

Average tenure and age of the Giga Metals board of directors in years:

1.4
Average Tenure
61
Average Age
  • The average tenure for the Giga Metals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lyle Davis

TITLE
Non-Executive Chairman
COMPENSATION
CA$21K
AGE
61
TENURE
10.7 yrs

Mark Jarvis

TITLE
CEO, President & Director
COMPENSATION
CA$14K
AGE
63
TENURE
15.2 yrs

Tom Milner

TITLE
Senior Mining Advisor to the President
COMPENSATION
CA$3K
AGE
72
TENURE
1.4 yrs

Cliff Carson

TITLE
Member of Advisory Board
AGE
69
TENURE
1.4 yrs

Tookie Angus

TITLE
Member of Advisory Board

Jon Hykawy

TITLE
Member of Advisory Board
COMPENSATION
CA$18K
AGE
52
TENURE
0.2 yrs

Dave Dreisinger

TITLE
Member of Advisory Board
AGE
60
TENURE
1.4 yrs

Phillip Robinson

TITLE
Director
COMPENSATION
CA$52K
AGE
28
TENURE
1.3 yrs

Martin Vydra

TITLE
Director
TENURE
0.3 yrs

Robert Morris

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • Giga Metals insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
26. Jan 19 Sell Lyle Davis Individual 21. Jan 19 25. Jan 19 -15,000 CA$0.27 CA$-4,049
07. Sep 18 Sell Lyle Davis Individual 07. Sep 18 07. Sep 18 -15,000 CA$0.27 CA$-4,050
17. May 18 Buy Brian Usher-Jones Individual 17. May 18 17. May 18 37,000 CA$0.21 CA$7,594
09. May 18 Buy Brian Usher-Jones Individual 09. May 18 09. May 18 50,500 CA$0.23 CA$11,615
07. May 18 Buy Brian Usher-Jones Individual 07. May 18 07. May 18 80,500 CA$0.24 CA$19,320
X
Management checks
We assess Giga Metals'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. Giga Metals 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

Do Insiders Own Lots Of Shares In Giga Metals Corporation (CVE:GIGA)?

With a market capitalization of CA$11m, Giga Metals is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about GIGA

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What Kind Of Shareholders Own Giga Metals Corporation (CVE:GIGA)?

So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Giga Metals is a smaller company with a market capitalization of CA$11m, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Company Info

Description

Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. It owns a 100% interest in the Turnagain property comprising 65 contiguous mineral claims covering an area of 32,754 ha located in the Liard Mining Division of northern British Columbia. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017. Giga Metals Corporation was founded in 1983 and is headquartered in Vancouver, Canada.

Details
Name: Giga Metals Corporation
GIGA
Exchange: TSXV
Founded: 1983
CA$8,414,057
43,149,015
Website: http://gigametals.com
Address: Giga Metals Corporation
700 West Pender Street,
Suite 203,
Vancouver,
British Columbia, V6C 1G8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GIGA Common Shares TSX Venture Exchange CA CAD 06. Sep 1988
OTCPK HNCK.F Common Shares Pink Sheets LLC US USD 06. Sep 1988
DB BRR2 Common Shares Deutsche Boerse AG DE EUR 06. Sep 1988
LSE 0UXL Common Shares London Stock Exchange GB CAD 06. Sep 1988
Number of employees
Current staff
Staff numbers
0
Giga Metals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:51
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2018/11/29
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.