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Golden Goliath Resources

TSXV:GNG
Snowflake Description

Flawless balance sheet with weak fundamentals.

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

Golden Goliath Resources Ltd., an exploration stage company, engages in the acquisition and exploration of resource properties. The last earnings update was 47 days ago. More info.


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  • Golden Goliath Resources has significant price volatility in the past 3 months.
GNG Share Price and Events
7 Day Returns
16.7%
TSXV:GNG
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
0%
TSXV:GNG
-7.9%
CA Metals and Mining
-0.1%
CA Market
GNG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Golden Goliath Resources (GNG) 16.7% 16.7% 133.3% 0% 40% 0%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • GNG outperformed the Metals and Mining industry which returned -7.9% over the past year.
Price Volatility
GNG
Industry
5yr Volatility vs Market

Value

 Is Golden Goliath 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 Golden Goliath Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.035.
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 Golden Goliath Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Golden Goliath Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GNG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in CAD CA$0.00
TSXV:GNG Share Price ** TSXV (2019-03-18) in CAD CA$0.04
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

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

** Primary Listing of Golden Goliath Resources.

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

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

= 0.04 ÷ 0.00

-42.74x

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

  • Golden Goliath Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Golden Goliath Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Golden Goliath Resources's expected growth come at a high price?
Raw Data
TSXV:GNG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -42.74x
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 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*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 Golden Goliath Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Golden Goliath Resources's assets?
Raw Data
TSXV:GNG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in CAD CA$0.02
TSXV:GNG Share Price * TSXV (2019-03-18) in CAD CA$0.04
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:GNG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.04 ÷ 0.02

1.71x

* Primary Listing of Golden Goliath Resources.

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

  • Golden Goliath Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Golden Goliath 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. Golden Goliath 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 Golden Goliath 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 Golden Goliath 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
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Golden Goliath Resources expected to grow at an attractive rate?
  • Unable to compare Golden Goliath Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Golden Goliath Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Golden Goliath Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GNG Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:GNG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:GNG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-11-30 0 0
2018-08-31 0 0
2018-05-31 0 0
2018-02-28 0 0
2017-11-30 0 0
2017-08-31 0 0
2017-05-31 0 -1
2017-02-28 0 -1
2016-11-30 0 -1
2016-08-31 0 -1
2016-05-31 -1 1
2016-02-29 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Golden Goliath Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Golden Goliath 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:GNG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Golden Goliath Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GNG Past Financials Data
Date (Data in CAD Millions) EPS *
2018-11-30 0.00
2018-08-31 0.00
2018-05-31 0.00
2018-02-28 0.00
2017-11-30 0.00
2017-08-31 0.00
2017-05-31 -0.01
2017-02-28 -0.01
2016-11-30 -0.01
2016-08-31 -0.01
2016-05-31 0.01
2016-02-29 -0.01

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

Next steps:

  1. Examine Golden Goliath 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.
  2. Golden Goliath 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. Golden Goliath 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 Golden Goliath 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.
Golden Goliath 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 Golden Goliath 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 Golden Goliath 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.
  • Golden Goliath 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 Golden Goliath Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Golden Goliath Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Golden Goliath 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 Golden Goliath Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GNG Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 -0.09 0.50
2018-08-31 -0.44 0.41
2018-05-31 -0.39 0.36
2018-02-28 -0.32 0.29
2017-11-30 -0.33 0.30
2017-08-31 -0.33 0.30
2017-05-31 -0.88 0.55
2017-02-28 -0.55 0.49
2016-11-30 -0.60 0.53
2016-08-31 -0.72 0.57
2016-05-31 1.12 0.38
2016-02-29 -0.63 0.43
2015-11-30 -0.61 0.41
2015-08-31 -0.58 0.45
2015-05-31 -4.84 0.48
2015-02-28 -3.47 0.54
2014-11-30 -3.55 0.64
2014-08-31 -3.55 0.64
2014-05-31 -2.88 0.65
2014-02-28 -2.91 0.69
2013-11-30 -2.95 0.68
2013-08-31 -2.93 0.70
2013-05-31 -3.00 0.95
2013-02-28 -3.05 0.99
2012-11-30 -3.63 1.59
2012-08-31 -3.69 1.59
2012-05-31 -1.61 1.46

*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 Golden Goliath 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 Golden Goliath 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 Golden Goliath 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 Golden Goliath 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.
Golden Goliath 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 Golden Goliath 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 Golden Goliath Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Golden Goliath Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Golden Goliath Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Golden Goliath 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.
  • Low level of unsold assets.
  • Golden Goliath 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 Golden Goliath Resources Company Filings, last reported 3 months ago.

TSXV:GNG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 2.18 0.00 2.66
2018-08-31 1.90 0.00 0.06
2018-05-31 2.00 0.00 0.15
2018-02-28 2.09 0.00 0.06
2017-11-30 2.19 0.00 0.15
2017-08-31 2.26 0.00 0.07
2017-05-31 2.31 0.00 0.12
2017-02-28 2.41 0.00 0.05
2016-11-30 2.51 0.00 0.13
2016-08-31 2.59 0.00 0.06
2016-05-31 2.96 0.00 0.13
2016-02-29 2.73 0.00 0.21
2015-11-30 2.89 0.00 0.11
2015-08-31 3.01 0.33 0.11
2015-05-31 1.76 0.00 0.01
2015-02-28 3.29 0.00 0.01
2014-11-30 3.42 0.00 0.02
2014-08-31 3.59 0.00 0.12
2014-05-31 6.62 0.00 0.38
2014-02-28 6.77 0.00 0.57
2013-11-30 6.98 0.00 0.88
2013-08-31 7.17 0.00 1.13
2013-05-31 9.54 0.00 1.49
2013-02-28 9.82 0.00 1.86
2012-11-30 8.78 0.00 0.90
2012-08-31 8.99 0.00 1.25
2012-05-31 11.14 0.00 1.57
  • Golden Goliath Resources has no debt.
  • Golden Goliath Resources 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.

  • Golden Goliath Resources has sufficient cash runway for more than 3 years based on current free cash flow.
  • Golden Goliath Resources has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -11.4% each year.
X
Financial health checks
We assess Golden Goliath 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. Golden Goliath Resources has a total score of 6/6, 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 Golden Goliath 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 Golden Goliath Resources dividends.
If you bought CA$2,000 of Golden Goliath 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 Golden Goliath Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Golden Goliath 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:GNG 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 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

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 Golden Goliath Resources has not reported any payouts.
  • Unable to verify if Golden Goliath Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Golden Goliath Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Golden Goliath 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 Golden Goliath Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Golden Goliath Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Golden Goliath 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 Golden Goliath 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
J. Sorbara
COMPENSATION CA$120,000
AGE 65
TENURE AS CEO 22.1 years
CEO Bio

Mr. J. Paul Sorbara, M.Sc., P.Geo. has been the President of Minera Delta S.A. de C.V, a wholly owned subsidiary of Golden Goliath since 1992. Mr. Sorbara has been the President of Sorbara Geological Consulting Ltd., since August 1986. He has been Chief Executive Officer and President of Golden Goliath Resources Ltd., since February 5, 1997. He started his own private Mexican exploration company, Minera Delta S.A. de C.V. He conducted Caldera Reconnaissance Programs for Cominco Ltd. in both British Columbia and the Sierra Madre Occidental range in Northern Mexico, spending a number of years in Cominco's Guadalajara office. He served as an Interim Chairman of the Board of Greenlight Resources Inc. since January 11, 2010. He has been a Director of Minera Delta S.A. de C.V. since 1992 and of Sorbara Geological Consulting Ltd. since August 1986. He served as an Independent Director at Vanadiumcorp Resource Inc. since August 30, 2013 until September 28, 2018. He served as Independent Director at Jiulian Resources Inc. from August 10, 2007 to 2018. He has been a Director of Golden Goliath Resources Ltd. since February 1997. He has been Member of the advisory committee of New High Ridge Resources Inc. since January 2011. He served as Independent Director of Great Atlantic Resources Corp. since January 30, 2004 until July 2013. He served as Director of New High Ridge Resources Inc. until January 13, 2011. He served as Independent Director of PUF Ventures Inc. until January 13 2011. Mr. Sorbara has acted as a consultant for numerous public exploration companies, including advising clients on the merits of various exploration property submittals, writing Qualifying Reports for Reporting Issuers and has implemented, conducted and supervised exploration programs across Canada. He received the designation of Professional Geologist in 1991 from the Association of Professional Engineers and Geoscientists in British Columbia and in 1985 the Geological Association of Canada awarded him the designation of Fellow of the Geological Association of Canada. Mr. Sorbara is a graduate of the University of Toronto where he received a Bachelor of Science Degree in 1976 and a Master of Science Degree in 1979. He studied collapsed caldera structures in Canada's Northwest Territories. He was a Director of Goliath Resources Ltd.

CEO Compensation
  • J.'s compensation has been consistent with company performance over the past year.
  • J.'s remuneration is lower than average for companies of similar size in Canada.
Management Team

J. Sorbara

TITLE
President
COMPENSATION
CA$120K
AGE
65
TENURE
22.1 yrs

Stephen Pearce

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$24K
AGE
47
TENURE
13.2 yrs
Board of Directors Tenure

Average tenure and age of the Golden Goliath Resources board of directors in years:

21.8
Average Tenure
65
Average Age
  • The average tenure for the Golden Goliath Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

J. Sorbara

TITLE
President
COMPENSATION
CA$120K
AGE
65
TENURE
21.8 yrs

Stephen Pearce

TITLE
CFO, Corporate Secretary & Director
COMPENSATION
CA$24K
AGE
47
TENURE
13.2 yrs

Daniel Fernandez

TITLE
Director
COMPENSATION
CA$24K
AGE
77
TENURE
22.2 yrs

Edward Sorbara

TITLE
Director
COMPENSATION
CA$24K
AGE
74
TENURE
22.2 yrs

Frank Hogel

TITLE
Director
COMPENSATION
CA$24K
AGE
46
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Golden Goliath 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. Golden Goliath 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

Should You Worry About Golden Goliath Resources Ltd's (CVE:GNG) CEO Salary Level?

Sorbara took the helm as Golden Goliath Resources Ltd's (CVE:GNG) CEO and grew market cap to CA$2.67m recentlyJ … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … View out our latest analysis for Golden Goliath Resources

Simply Wall St -

Company Info

Description

Golden Goliath Resources Ltd., an exploration stage company, engages in the acquisition and exploration of resource properties. The company primarily explores for precious metals and base metals. Its property portfolio covers an area of approximately 10,000 hectares in the Uruachic District of Mexico. The company also holds an option agreement to acquire a 100% interest in two properties in the Red Lake District of Ontario. Golden Goliath Resources Ltd. was incorporated in 1996 and is based in Vancouver, Canada.

Details
Name: Golden Goliath Resources Ltd.
GNG
Exchange: TSXV
Founded: 1996
CA$3,733,130
106,660,875
Website: http://www.goldengoliath.com
Address: Golden Goliath Resources Ltd.
675 West Hastings Street,
Suite 711,
Vancouver,
British Columbia, V6B 1N2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GNG Common Shares TSX Venture Exchange CA CAD 16. Oct 2000
OTCPK GGTH.F Common Shares Pink Sheets LLC US USD 16. Oct 2000
DB GGZ Common Shares Deutsche Boerse AG DE EUR 16. Oct 2000
LSE 0UY9 Common Shares London Stock Exchange GB CAD 16. Oct 2000
Number of employees
Current staff
Staff numbers
0
Golden Goliath Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:36
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2019/01/30
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/08/31


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.