TSXV:GLD

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Executive Summary

GoldON Resources Ltd., an exploration stage company, engages in the exploration of mineral properties in Ontario, Canada.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has GoldON Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GLD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.9%

GLD

-3.8%

CA Metals and Mining

2.0%

CA Market


1 Year Return

11.7%

GLD

36.5%

CA Metals and Mining

-11.4%

CA Market

Return vs Industry: GLD underperformed the Canadian Metals and Mining industry which returned 36.5% over the past year.

Return vs Market: GLD exceeded the Canadian Market which returned -11.4% over the past year.


Shareholder returns

GLDIndustryMarket
7 Day-6.9%-3.8%2.0%
30 Day19.6%4.2%4.1%
90 Day86.1%28.8%-8.8%
1 Year11.7%11.7%37.5%36.5%-8.3%-11.4%
3 Year415.4%415.4%20.2%18.1%-0.2%-9.5%
5 Year570.0%570.0%57.5%52.9%15.9%-0.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is GoldON Resources undervalued compared to its fair value and its price relative to the market?

4.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GLD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GLD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GLD is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: GLD is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GLD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLD is overvalued based on its PB Ratio (4.5x) compared to the CA Metals and Mining industry average (1.7x).


Next Steps

Future Growth

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

24.2%

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 GoldON Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has GoldON Resources performed over the past 5 years?

11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLD is currently unprofitable.

Growing Profit Margin: GLD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLD is unprofitable, but has reduced losses over the past 5 years at a rate of 11.5% per year.

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

Earnings vs Industry: GLD is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).


Return on Equity

High ROE: GLD has a negative Return on Equity (-36.03%), as it is currently unprofitable.


Next Steps

Financial Health

How is GoldON Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GLD's short term assets (CA$1.4M) exceed its short term liabilities (CA$211.7K).

Long Term Liabilities: GLD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GLD is debt free.

Reducing Debt: GLD has no debt compared to 5 years ago when its debt to equity ratio was 9.3%.


Balance Sheet


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: GLD has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GLD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25% each year


Next Steps

Dividend

What is GoldON Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if GLD'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 GLD'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?

10.6yrs

Average management tenure


CEO

Mike Romanik

10.75yrs

Tenure

CA$48,000

Compensation

Mr. Michael P. Romanik, also known as Mike, has been the Vice-President of Corporate Development at Pebble Creek Mining Ltd. since September 2009. Mr. Romanik has been the Chief Executive Officer and Presi ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD34.77K) is below average for companies of similar size in the Canadian market ($USD164.10K).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Romanik
President10.75yrsCA$48.00k10.05% CA$1.2m
Jeffrey Smulders
CFO & Director12.83yrsCA$9.00k2.07% CA$239.2k
Glen Wallace
Chief Compliance Officer1.33yrsno datano data
Colleen-Sue Davis
Corporate Secretaryno dataCA$42.00k2.24% CA$258.3k

10.6yrs

Average Tenure

Experienced Management: GLD's management team is seasoned and experienced (10.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Romanik
President10.75yrsCA$48.00k10.05% CA$1.2m
Jeffrey Smulders
CFO & Director12.83yrsCA$9.00k2.07% CA$239.2k
Brian Doutaz
Independent Director4.17yrsno data1.95% CA$225.0k
James P. Darcel
Independent Director12.42yrsno datano data
Andrew Nevin
Technical Advisorno datano datano data
Mike Kilbourne
Technical Consultant & Member of Advisory Boardno datano datano data
Perry English
Strategic Advisorno datano datano data
Bruce MacLachlan
Geological Consultant & Member of Advisory Boardno datano datano data

12.2yrs

Average Tenure

Experienced Board: GLD's board of directors are seasoned and experienced ( 12.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: GLD 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 diluted in the past year, with total shares outstanding growing by 41.8%.


Top Shareholders

Company Information

GoldON Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GoldON Resources Ltd.
  • Ticker: GLD
  • Exchange: TSXV
  • Founded: 1977
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$11.530m
  • Shares outstanding: 17.21m
  • Website: https://www.goldonresources.com

Location

  • GoldON Resources Ltd.
  • 108-800 Kelly Road
  • Suite 416
  • Victoria
  • British Columbia
  • V9B 6J9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLDTSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1982
6NR2DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1982
NCMB.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1982

Biography

GoldON Resources Ltd., an exploration stage company, engages in the exploration of mineral properties in Ontario, Canada. The company primarily explores for gold and silver. Its flagship project is the Slate Falls property covering an area of 5,687 hectares consisting of 21 mineral claims, which is situated near Slate Falls in northwestern Ontario. The company was formerly known as Newcastle Minerals Ltd. and changed its name to GoldON Resources Ltd. in March 2013. GoldON Resources Ltd. was incorporated in 1977 and is based in Victoria, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 07:25
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
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.