TSXV:GTR

Stock Analysis Report

Gatling Exploration

Executive Summary

Gatling Exploration Inc. engages in the exploration and development of mineral properties in Canada.

Snowflake

Fundamentals

Excellent 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


Market Performance


7 Day Return

6.0%

GTR

-2.7%

CA Metals and Mining

-0.1%

CA Market


1 Year Return

89.3%

GTR

11.4%

CA Metals and Mining

0.9%

CA Market

Return vs Industry: GTR exceeded the Canadian Metals and Mining industry which returned 11.4% over the past year.

Return vs Market: GTR exceeded the Canadian Market which returned 0.9% over the past year.


Shareholder returns

GTRIndustryMarket
7 Day6.0%-2.7%-0.1%
30 Day-14.5%-2.9%-2.1%
90 Day23.3%-0.2%-1.6%
1 Year89.3%89.3%12.3%11.4%4.4%0.9%
3 Yearn/a-7.1%-8.8%15.5%5.2%
5 Yearn/a4.6%0.7%25.7%7.5%

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?

3.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate GTR's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate GTR's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: GTR is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate GTR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GTR is overvalued based on its PB Ratio (3.6x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

44.6%

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?

-255.5%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GTR is unprofitable, and there is insufficient past data to establish if their past 5-year earnings growth rate was positive.

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 (-13.7%).


Return on Equity

High ROE: GTR has a negative Return on Equity (-143.74%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GTR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GTR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Gatling Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: GTR's short term assets (CA$7.3M) exceeds its short term liabilities (CA$722.5K)

Long Term Liabilities: GTR's short term assets (7.3M) exceeds its long term liabilities (363.9K)


Debt to Equity History and Analysis

Debt Level: GTR is debt free.

Reducing Debt: GTR has not had any debt for past 5 years.


Balance Sheet

Inventory Level: GTR has a low level of unsold assets or inventory.

Debt Coverage by Assets: GTR's debt is not covered by short term assets (assets are -1.3222119947437E+17x debt).


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 more than a year based on its current free cash flow.

Forecast Cash Runway: GTR has less than a year of cash runway if free cash flow continues to reduce at historical rates of -61.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Gatling Exploration's salary, the management and board of directors tenure and is there insider trading?

0.7yrs

Average management tenure


CEO

Nav Dhaliwal (43yo)

0.7yrs

Tenure

0

Mr. Navjit Dhaliwal, also known as Nav, serves as President and Chief Executive Officer at Gatling Exploration Inc. since February 2019 and serves as its Director. Mr. Dhaliwal has been CEO & Director at B ...


Management Age and Tenure

0.7yrs

Average Tenure

33yo

Average Age

Experienced Management: GTR's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Age and Tenure

0.5yrs

Average Tenure

Experienced Board: GTR's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: GTR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$34,10516 Sep 19
Northfield Capital Corporation
EntityCompany
Shares50,000
Max PriceCA$0.68
BuyCA$10,32513 Sep 19
Jason Billan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares17,500
Max PriceCA$0.59
BuyCA$9,60009 Sep 19
Jason Billan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares16,000
Max PriceCA$0.60
BuyCA$15,94929 Aug 19
Comverj Pty Ltd.
EntityCompany
Shares40,000
Max PriceCA$0.42
BuyCA$44,00011 Jul 19
Northfield Capital Corporation
EntityCompany
Shares110,000
Max PriceCA$0.40
BuyCA$4,99520 Jun 19
Navjit Dhaliwal
EntityIndividual
Role
Chief Executive Officer
President
Shares13,500
Max PriceCA$0.37
BuyCA$15,00029 Nov 18
Patrick Meagher
EntityIndividual
Role
Chief Financial Officer
CFO & Company Secretary
Shares50,000
Max PriceCA$0.30
BuyCA$15,00028 Nov 18
Carrie Cesarone
EntityIndividual
Role
Member of the Board of Directors
Director
Shares50,000
Max PriceCA$0.30
BuyCA$50,00027 Nov 18
Navjit Dhaliwal
EntityIndividual
Role
Chief Executive Officer
President
Shares166,667
Max PriceCA$0.30
BuyCA$50,00027 Nov 18
Dale Ginn
EntityIndividual
Role
Chairman of the Board
COO and Executive Chairman
Shares166,667
Max PriceCA$0.30
BuyCA$6,00026 Nov 18
Richard Boulay
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceCA$0.30

Ownership Breakdown


Management Team

  • Nav Dhaliwal (43yo)

    President

    • Tenure: 0.7yrs
  • Patrick Meagher (33yo)

    CFO & Company Secretary

    • Tenure: 1.1yrs
  • Nathan Tribble (32yo)

    Vice President of Exploration

    • Tenure: 0.7yrs
  • Dale Ginn

    COO and Executive Chairman

    • Tenure: 0.8yrs

Board Members

  • Rick Boulay

    Director

    • Tenure: 0yrs
  • Carrie Cesarone (54yo)

    Director

    • Tenure: 0yrs
  • Nav Dhaliwal (43yo)

    President

    • Tenure: 0.7yrs
  • Jason Billan

    Director

    • Tenure: 0.5yrs
  • Dale Ginn

    COO and Executive Chairman

    • Tenure: 0.8yrs
  • Leigh Hughes

    Director

    • Tenure: 0yrs
  • Peter Damouni

    Director

    • Tenure: 0.5yrs

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$25.239m
  • Shares outstanding: 47.62m
  • 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. engages in the exploration and development of mineral properties in Canada. The company’s principal project is the Larder Lake Lake Project, a gold deposit that comprises patented  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 00:42
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.