Golden Ridge Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Canada.
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
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.
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
3 days ago | Simply Wall StCan Golden Ridge Resources (CVE:GLDN) Fund Its Growth Plans?
4 months ago | Simply Wall StGolden Ridge Resources (CVE:GLDN) Will Have To Spend Its Cash Wisely
7 months ago | Simply Wall StHere's Why We're A Bit Worried About Golden Ridge Resources's (CVE:GLDN) Cash Burn Situation
Is Golden Ridge 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 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).
How is Golden Ridge 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 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.
- Examine Golden Ridge 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.
- Golden Ridge 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 Golden Ridge Resources performed over the past 5 years?
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.
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$79.9K).
Long Term Liabilities: GLDN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GLDN is debt free.
Reducing Debt: GLDN had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GLDN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GLDN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.1% each year
What is Golden Ridge Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GLDN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GLDN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GLDN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GLDN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GLDN's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mike Blady (35yo)
Mr. Michael Blady, also known as Mike, B.Sc, is the Principal of Ridgeline Exploration. Mr. Blady has been involved in senior management of numerous public companies since 2009 and has acted as a Geologica ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($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.
|Executive Chairman||no data||CA$60.00k||1.27% CA$40.0k|
|President||no data||CA$67.50k||4.79% CA$151.1k|
|Chief Geoscientist & Director||2.75yrs||no data||0.68% CA$21.3k|
|Member of Advisory Board||no data||no data||no data|
|Independent Director||9.25yrs||no data||0.10% CA$3.2k|
|Member of Advisory Board||no data||no data||no data|
|Independent Director||1.42yrs||no data||no data|
Experienced Board: GLDN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Golden Ridge Resources Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- Golden Ridge Resources Ltd.
- Landmark 3
- Suite 335
- British Columbia
- V1Y 7T2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GLDN||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Oct 2017|
|44GG||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2017|
|GORI.D||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Oct 2017|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 05:06|
|End of Day Share Price||2020/06/03 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.