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GoldON Resources

TSXV:GLD
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLD
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

GoldON Resources Ltd., an exploration stage company, engages in the exploration of mineral properties in Ontario, Canada. The last earnings update was 97 days ago. More info.


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GLD Share Price and Events
7 Day Returns
20.7%
TSXV:GLD
-1.7%
CA Metals and Mining
0.6%
CA Market
1 Year Returns
169.2%
TSXV:GLD
-15.2%
CA Metals and Mining
-1.2%
CA Market
GLD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GoldON Resources (GLD) 20.7% 25% 75% 169.2% 169.2% 100%
CA Metals and Mining -1.7% -4.7% -8.7% -15.2% -14.9% -20.5%
CA Market 0.6% -1.6% 1.6% -1.2% 12.2% 5.5%
1 Year Return vs Industry and Market
  • GLD outperformed the Metals and Mining industry which returned -15.2% over the past year.
  • GLD outperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
GLD
Industry
5yr Volatility vs Market

Value

 Is GoldON Resources 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 GoldON Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.35.
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 GoldON Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GoldON Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GLD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.03
TSXV:GLD Share Price ** TSXV (2019-05-23) in CAD CA$0.35
Canada Metals and Mining Industry PE Ratio Median Figure of 112 Publicly-Listed Metals and Mining Companies 12.94x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.02x

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

** Primary Listing of GoldON Resources.

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

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

= 0.35 ÷ -0.03

-13.51x

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

  • GoldON Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • GoldON Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does GoldON Resources's expected growth come at a high price?
Raw Data
TSXV:GLD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.51x
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 36 Publicly-Listed Metals and Mining Companies 0.61x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.17x

*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 GoldON Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GoldON Resources's assets?
Raw Data
TSXV:GLD 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:GLD Share Price * TSXV (2019-05-23) in CAD CA$0.35
Canada Metals and Mining Industry PB Ratio Median Figure of 1,090 Publicly-Listed Metals and Mining Companies 1.29x
Canada Market PB Ratio Median Figure of 2,403 Publicly-Listed Companies 1.44x
TSXV:GLD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.35 ÷ 0.01

45.53x

* Primary Listing of GoldON Resources.

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

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

Future Performance

 How is GoldON Resources 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 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 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
25.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GoldON Resources expected to grow at an attractive rate?
  • Unable to compare GoldON Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GoldON Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare GoldON Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GLD Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 25.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*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:GLD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:GLD Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 -1
2016-12-31 0 -1
2016-09-30 0 -1
2016-06-30 0 -1
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if GoldON Resources is high growth as no earnings estimate data is available.
  • Unable to determine if GoldON Resources 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:GLD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from GoldON Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GLD Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.03
2018-09-30 -0.03
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.08
2016-12-31 -0.10
2016-09-30 -0.09
2016-06-30 -0.10
2016-03-31 -0.02

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

Next steps:

  1. Take a look at our analysis of GLD’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. GoldON Resources'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. GoldON Resources'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 GoldON Resources'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.
GoldON Resources 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 GoldON Resources 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 GoldON Resources'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.
  • GoldON Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare GoldON Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GoldON Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
GoldON Resources'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 GoldON Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GLD 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 -0.23 0.21
2018-09-30 -0.25 0.20
2018-06-30 -0.23 0.19
2018-03-31 -0.27 0.18
2017-12-31 -0.09 0.18
2017-09-30 -0.10 0.20
2017-06-30 -0.08 0.20
2017-03-31 -0.80 0.39
2016-12-31 -0.95 0.38
2016-09-30 -0.85 0.38
2016-06-30 -0.81 0.43
2016-03-31 -0.16 0.29
2015-12-31 -0.28 0.34
2015-09-30 -0.33 0.35
2015-06-30 -0.56 0.34
2015-03-31 -1.78 0.41
2014-12-31 -1.70 0.40
2014-09-30 -1.78 0.41
2014-06-30 -1.76 0.43
2014-03-31 -0.56 0.39
2013-12-31 -0.61 0.42
2013-09-30 -1.26 0.42
2013-06-30 -1.16 0.40
2013-03-31 -1.15 0.38
2012-12-31 -1.19 0.37
2012-09-30 -0.56 0.37
2012-06-30 -0.61 0.38

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

Health

 How is GoldON Resources'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 GoldON Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GoldON Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GoldON Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GoldON Resources'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.
  • GoldON Resources 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 GoldON Resources Company Filings, last reported 4 months ago.

TSXV:GLD Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.07 0.00 0.01
2018-09-30 0.12 0.00 0.01
2018-06-30 0.19 0.00 0.03
2018-03-31 0.24 0.00 0.05
2017-12-31 0.30 0.00 0.14
2017-09-30 0.37 0.00 0.23
2017-06-30 0.41 0.00 0.31
2017-03-31 0.50 0.00 0.42
2016-12-31 0.38 0.00 0.27
2016-09-30 0.68 0.13 0.07
2016-06-30 0.71 0.13 0.10
2016-03-31 1.33 0.13 0.10
2015-12-31 1.34 0.13 0.22
2015-09-30 1.20 0.13 0.30
2015-06-30 1.19 0.13 0.22
2015-03-31 1.34 0.13 0.20
2014-12-31 1.49 0.13 0.34
2014-09-30 1.25 0.13 0.18
2014-06-30 1.46 0.13 0.34
2014-03-31 2.69 0.13 0.09
2013-12-31 2.76 0.00 0.05
2013-09-30 2.86 0.00 0.13
2013-06-30 3.06 0.00 0.23
2013-03-31 3.23 0.00 0.12
2012-12-31 2.89 0.00 0.21
2012-09-30 3.64 0.00 0.48
2012-06-30 3.74 0.00 0.76
  • GoldON Resources has no debt.
  • GoldON Resources has no debt compared to 5 years ago when it was 0.1%.
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.

  • GoldON Resources has less than a year of cash runway based on current free cash flow.
  • GoldON Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -15.6% each year.
X
Financial health checks
We assess GoldON Resources'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. GoldON Resources 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.

Dividends

 What is GoldON Resources'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 GoldON Resources dividends.
If you bought CA$2,000 of GoldON Resources 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 GoldON Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GoldON Resources'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:GLD 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 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

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 GoldON Resources has not reported any payouts.
  • Unable to verify if GoldON Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GoldON Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GoldON Resources 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 GoldON Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 GoldON Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GoldON Resources 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 GoldON Resources'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
Mike Romanik
COMPENSATION CA$47,000
TENURE AS CEO 9.8 years
CEO Bio

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 President of GoldON Resources Ltd. (Newcastle Minerals Ltd.) since August 2009. He has been the President of Verenex Capital Corp. since 2006. He serves as the President of First India Resources Inc., a private company engaged in identifying mineral projects in India. Mr. Romanik has been Power Engineer of Canexus and Chemicals Ltd. since 2003, April 30, 2008 respectively. He has been an Investor Relations Representative of Pebble Creek Mining Ltd. since 2007. He served as a Director of Electra Gold Ltd. since January 21, 2010. He served as the Chief Executive Officer and President of Mainstream Minerals Corporation from September 3, 2009 to October 02, 2013. Mr. Romanik served as the Chief Financial Officer of First Lithium Resources Inc. from June 16, 2009 to June 17, 2010 and served as its Secretary until June 17, 2010. He has been an Director of GoldON Resources Ltd. (Newcastle Minerals Ltd.) since April 30, 2008. Mr. Romanik has been a Director of Mountain Capital Inc. since January 2009. Mr. Romanik served as a Director of Mainstream Minerals Corporation from August 26, 2009 to October 2013. Mr. Romanik served as a Director of First Lithium Resources Inc. from January 5, 2009 to June 17, 2010.

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

Mike Romanik

TITLE
President
COMPENSATION
CA$47K
TENURE
9.8 yrs

Jeff Smulders

TITLE
CFO & Director
COMPENSATION
CA$9K
TENURE
9.7 yrs
Board of Directors Tenure

Average tenure of the GoldON Resources board of directors in years:

11.3
Average Tenure
  • The average tenure for the GoldON Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mike Romanik

TITLE
President
COMPENSATION
CA$47K
TENURE
11.1 yrs

Jeff Smulders

TITLE
CFO & Director
COMPENSATION
CA$9K
TENURE
11.9 yrs

James P. Darcel

TITLE
Independent Director
COMPENSATION
CA$11K
TENURE
11.4 yrs

Brian Doutaz

TITLE
Independent Director
AGE
71
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • GoldON Resources insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
06. May 19 Buy Michael Romanik Individual 30. Apr 19 30. Apr 19 2,000 CA$0.35 CA$700
01. May 19 Sell Colleen-Sue Davis Individual 30. Apr 19 30. Apr 19 -20,000 CA$0.35 CA$-6,700
17. Apr 19 Sell Colleen-Sue Davis Individual 16. Apr 19 16. Apr 19 -10,000 CA$0.28 CA$-2,800
12. Apr 19 Buy Jeffrey Smulders Individual 11. Apr 19 11. Apr 19 6,150 CA$0.30 CA$1,815
12. Mar 19 Buy Glen Wallace, CGA, Inc Company 11. Mar 19 11. Mar 19 120,000 CA$0.15 CA$18,000
12. Mar 19 Sell Glen Wallace, CGA, Inc Company 08. Mar 19 08. Mar 19 -100,000 CA$0.20 CA$-20,000
12. Mar 19 Sell Colleen-Sue Davis Individual 08. Mar 19 08. Mar 19 -130,000 CA$0.20 CA$-26,000
11. Mar 19 Sell Jeffrey Smulders Individual 08. Mar 19 08. Mar 19 -79,180 CA$0.20 CA$-15,836
06. Feb 19 Buy Jeffrey Smulders Individual 05. Feb 19 05. Feb 19 15,000 CA$0.16 CA$2,400
01. Feb 19 Buy Jeffrey Smulders Individual 01. Feb 19 01. Feb 19 5,000 CA$0.17 CA$825
31. Jan 19 Buy Jeffrey Smulders Individual 30. Jan 19 30. Jan 19 5,000 CA$0.17 CA$825
29. Jan 19 Buy Jeffrey Smulders Individual 28. Jan 19 28. Jan 19 1,100 CA$0.17 CA$182
28. Jan 19 Buy Jeffrey Smulders Individual 25. Jan 19 25. Jan 19 11,500 CA$0.15 CA$1,725
X
Management checks
We assess GoldON Resources'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. GoldON Resources 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

What Kind Of Shareholder Appears On The GoldON Resources Ltd.'s (CVE:GLD) Shareholder Register?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Taking a look at our data on the ownership groups (below), it's seems that. … institutions are not on the share registry

Simply Wall St -

Who Are The Major Shareholders In GoldON Resources Ltd (CVE:GLD)?

In this analysis, my focus will be on developing a perspective on GoldON Resources Ltd’s (CVE:GLD) latest ownership structure, a less discussed, but important factor. … Ownership structure of a company has been found to affect share performance over time. … View our latest analysis for GoldON Resources

Simply Wall St -

What You Must Know About GoldON Resources Ltd's (CVE:GLD) Major Investors

See our latest analysis for GoldON Resources TSXV:GLD Ownership_summary Apr 20th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … With hardly any institutional ownership, GLD stock poses limited concern relating to the effect institutional block trades have on its stock price. … 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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Should You Invest In The Basic Materials Stock GoldON Resources Ltd (TSXV:GLD)?

In this article, I’ll take you through the sector growth expectations, and also determine whether GLD is a laggard or leader relative to its basic materials sector peers. … TSXV:GLD PE PEG Gauge Nov 10th 17 The metals and mining industry is trading at a PE ratio of 11x, below the broader Canadian stock market PE of 17x. … If GLD has been on your watchlist for a while, now may be the time to enter into the stock, if you like its ability to deliver growth and are not highly concentrated in the metals and mining industry.

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Company Info

Description

GoldON Resources Ltd., an exploration stage company, engages in the exploration of mineral properties in Ontario, Canada. It primarily explores for gold and silver. The company holds interest in the Rainy gold project covering 32 unpatented mining claims, including Tait Block consisting of 1 claim covering 128 hectares; the Off Lake Block consisting of 8 claims covering 736 hectares; and the Burditt Lake Block consisting of 23 claims covering 4,496 hectares located in the Rainy River Greenstone Belt of northwestern Ontario. It also holds interests in the Slate Falls property covering 14 claims totaling 3,200 hectares, 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.

Details
Name: GoldON Resources Ltd.
GLD
Exchange: TSXV
Founded: 1977
CA$4,231,279
12,089,370
Website: http://www.goldonresources.com
Address: GoldON Resources Ltd.
108-800 Kelly Road,
Suite 416,
Victoria,
British Columbia, V9B 6J9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GLD Common Shares TSX Venture Exchange CA CAD 15. Sep 1982
OTCPK NCMB.F Common Shares Pink Sheets LLC US USD 15. Sep 1982
DB 6NR2 Common Shares Deutsche Boerse AG DE EUR 15. Sep 1982
Number of employees
Current staff
Staff numbers
0
GoldON Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:40
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2019/02/15
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.