GoldON Resources Ltd., an exploration stage company, engages in the exploration of mineral properties in Ontario, Canada.
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
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.
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
2 weeks ago | Simply Wall StIs GoldON Resources (CVE:GLD) In A Good Position To Deliver On Growth Plans?
3 months ago | Simply Wall StWhat Percentage Of GoldON Resources Ltd. (CVE:GLD) Shares Do Insiders Own?
4 months ago | Simply Wall StWe're Keeping An Eye On GoldON Resources's (CVE:GLD) Cash Burn Rate
Is GoldON Resources undervalued compared to its fair value and its price relative to the market?
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).
How is GoldON Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine GoldON Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- GoldON Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has GoldON Resources performed over the past 5 years?
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.
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%.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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.
|CFO & Director||12.83yrs||CA$9.00k||2.07% CA$239.2k|
|Chief Compliance Officer||1.33yrs||no data||no data|
|Corporate Secretary||no data||CA$42.00k||2.24% CA$258.3k|
Experienced Management: GLD's management team is seasoned and experienced (10.6 years average tenure).
|CFO & Director||12.83yrs||CA$9.00k||2.07% CA$239.2k|
|Independent Director||4.17yrs||no data||1.95% CA$225.0k|
|Independent Director||12.42yrs||no data||no data|
|Technical Advisor||no data||no data||no data|
|Technical Consultant & Member of Advisory Board||no data||no data||no data|
|Strategic Advisor||no data||no data||no data|
|Geological Consultant & Member of Advisory Board||no data||no data||no data|
Experienced Board: GLD's board of directors are seasoned and experienced ( 12.2 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 41.8%.
GoldON Resources Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- GoldON Resources Ltd.
- 108-800 Kelly Road
- Suite 416
- British Columbia
- V9B 6J9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GLD||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Sep 1982|
|6NR2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1982|
|NCMB.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 1982|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 07:25|
|End of Day Share Price||2020/05/29 00:00|
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.