TSXV:GLDN

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Golden Ridge Resources

Executive Summary

Golden Ridge Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Canada.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

GLDN

-3.5%

CA Metals and Mining

2.2%

CA Market


1 Year Return

-79.4%

GLDN

26.7%

CA Metals and Mining

-10.1%

CA Market

Return vs Industry: GLDN underperformed the Canadian Metals and Mining industry which returned 28.6% over the past year.

Return vs Market: GLDN underperformed the Canadian Market which returned -10.3% over the past year.


Shareholder returns

GLDNIndustryMarket
7 Day0%-3.5%2.2%
30 Day6.7%-4.9%5.8%
90 Day6.7%16.9%-5.3%
1 Year-79.4%-79.4%27.6%26.7%-7.1%-10.1%
3 Yearn/a10.3%8.4%1.8%-7.7%
5 Yearn/a52.9%48.7%19.1%1.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: GLDN 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 GLDN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLDN is good value based on its PB Ratio (0.4x) compared to the CA Metals and Mining industry average (1.8x).


Next Steps

Future Growth

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

24.5%

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 Golden Ridge 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 Golden Ridge Resources performed over the past 5 years?

-22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLDN is currently unprofitable.

Growing Profit Margin: GLDN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLDN is unprofitable, and losses have increased over the past 5 years at a rate of -22% per year.

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

Earnings vs Industry: GLDN 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: GLDN has a negative Return on Equity (-8.06%), as it is currently unprofitable.


Next Steps

Financial Health

How is Golden Ridge Resources's financial position?


Financial Position Analysis

Short Term Liabilities: GLDN's short term assets (CA$1.2M) exceed its short term liabilities (CA$79.9K).

Long Term Liabilities: GLDN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GLDN is debt free.

Reducing Debt: GLDN had no debt 5 years ago.


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

Forecast Cash Runway: GLDN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate GLDN'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 GLDN's dividends per share have been stable in the past.

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

2.8yrs

Average board tenure


CEO

Mike Blady (35yo)

no data

Tenure

CA$67,500

Compensation

Mr. Michael Blady, also known as Mike, B.Sc, is the Principal of Ridgeline Exploration. Mr. Blady has been involved in senior management of numerous public companies since 2009 and has acted as a Geologica ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD50.03K) is below average for companies of similar size in the Canadian market ($USD166.01K).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Lawrence Nagy
Executive Chairmanno dataCA$60.00k1.27% CA$40.0k
Michael Blady
Presidentno dataCA$67.50k4.79% CA$151.1k
William Lindqvist
Chief Geoscientist & Director2.75yrsno data0.68% CA$21.3k
Gerald Carlson
Member of Advisory Boardno datano datano data
Elston Johnston
Independent Director9.25yrsno data0.10% CA$3.2k
Edward Schiller
Member of Advisory Boardno datano datano data
Duane Lo
Independent Director1.42yrsno datano data

2.8yrs

Average Tenure

73yo

Average Age

Experienced Board: GLDN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Golden Ridge Resources Ltd.
  • Ticker: GLDN
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$3.158m
  • Shares outstanding: 19.74m
  • Website: https://www.goldenridgeresources.com

Location

  • Golden Ridge Resources Ltd.
  • Landmark 3
  • Suite 335
  • Kelowna
  • British Columbia
  • V1Y 7T2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLDNTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2017
44GGDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2017
GORI.DOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2017

Biography

Golden Ridge Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold, silver, and copper deposits. Its flagship project is the Hank property that covers approximately 1,700 hectares in the Liard district of British Colombia. The company is headquartered in Kelowna, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 05:06
End of Day Share Price2020/06/03 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.