TSXV:GTR

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Gatling Exploration

Executive Summary

Gatling Exploration Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Gatling Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

1.4%

GTR

-0.9%

CA Metals and Mining

0.005%

CA Market


1 Year Return

-2.6%

GTR

51.2%

CA Metals and Mining

-5.8%

CA Market

Return vs Industry: GTR underperformed the Canadian Metals and Mining industry which returned 54.5% over the past year.

Return vs Market: GTR exceeded the Canadian Market which returned -6.3% over the past year.


Shareholder returns

GTRIndustryMarket
7 Day1.4%-0.9%0.005%
30 Day-5.1%15.6%4.5%
90 Day48.0%24.3%9.7%
1 Year-2.6%-2.6%52.3%51.2%-2.5%-5.8%
3 Yearn/a64.1%60.8%8.5%-2.0%
5 Yearn/a152.9%145.5%29.1%9.4%

Price Volatility Vs. Market

How volatile is Gatling Exploration's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gatling Exploration undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Gatling Exploration is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Gatling Exploration has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of GTR'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.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Gatling Exploration regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Gatling Exploration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.9%

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 Gatling Exploration 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 Gatling Exploration performed over the past 5 years?

-54.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTR is currently unprofitable.

Growing Profit Margin: GTR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GTR is unprofitable, and losses have increased over the past 5 years at a rate of 54.6% per year.

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

Earnings vs Industry: GTR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (18.3%).


Return on Equity

High ROE: GTR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Gatling Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: GTR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GTR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GTR is debt free.

Reducing Debt: GTR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: GTR has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: GTR is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Gatling Exploration current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.5yrs

Average management tenure


CEO

Nav Dhaliwal (44 yo)

1.5yrs

Tenure

CA$302,100

Compensation

Mr. Navjit Dhaliwal, also known as Nav, serves as President and Chief Executive Officer at Gatling Exploration Inc. since February 26, 2019 and serves as its Director since August 14, 2018. He serves as Pr ...


CEO Compensation Analysis

Compensation vs Market: Nav's total compensation ($USD225.56K) is about average for companies of similar size in the Canadian market ($USD178.97K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Navjit Dhaliwal
President1.5yrsCA$302.10k1.72%
CA$ 395.6k
Patrick Meagher
CFO & Company Secretary2yrsCA$111.30k0.085%
CA$ 19.6k
R. Ginn
Chief Operating Officer1.5yrsCA$302.10k0.40%
CA$ 91.5k
Nathan Tribble
Vice President of Exploration1.5yrsno data0.040%
CA$ 9.1k

1.5yrs

Average Tenure

34yo

Average Age

Experienced Management: GTR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Navjit Dhaliwal
President1.5yrsCA$302.10k1.72%
CA$ 395.6k
Richard Boulay
Independent Director2yrsno data0.038%
CA$ 8.7k
Jody Dahrouge
Director0.083yrno data2.47%
CA$ 568.0k
Carrie Cesarone
Director2yrsCA$70.00k0.18%
CA$ 40.3k
Peter Dickie
Independent Director0.83yrno data0.016%
CA$ 3.7k
Jason Billan
Independent Director1.33yrsno data0.12%
CA$ 27.3k
Peter Damouni
Independent Chairman of the Board0.83yrno datano data

1.3yrs

Average Tenure

54yo

Average Age

Experienced Board: GTR's board of directors are not considered experienced ( 1.3 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: GTR 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

Gatling Exploration Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gatling Exploration Inc.
  • Ticker: GTR
  • Exchange: TSXV
  • Founded: 2018
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$22.952m
  • Shares outstanding: 62.03m
  • Website: https://www.gatlingexploration.com

Location

  • Gatling Exploration Inc.
  • 200 Burrard Street
  • Suite 1680
  • Vancouver
  • British Columbia
  • V6C 3L6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTRTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2018
GATG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2018
G28DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2018

Biography

Gatling Exploration Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company holds 100% interest in the Larder Lake Lake Proj ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 00:02
End of Day Share Price2020/07/31 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.