TSXV:HAR

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Harfang Exploration

Executive Summary

Harfang Exploration Inc., an exploration and evaluation stage company, primarily acquires and explores for gold properties in Canada.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

1.6%

HAR

0.2%

CA Metals and Mining

2.5%

CA Market


1 Year Return

18.5%

HAR

49.8%

CA Metals and Mining

-3.9%

CA Market

Return vs Industry: HAR underperformed the Canadian Metals and Mining industry which returned 52.9% over the past year.

Return vs Market: HAR exceeded the Canadian Market which returned -4.1% over the past year.


Shareholder returns

HARIndustryMarket
7 Day1.6%0.2%2.5%
30 Day6.7%8.5%7.0%
90 Day56.1%22.3%11.4%
1 Year18.5%18.5%50.9%49.8%-0.5%-3.9%
3 Year8.5%8.5%62.5%59.2%12.6%1.8%
5 Yearn/a155.4%147.9%33.8%13.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: HAR is overvalued based on its PB Ratio (3.9x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

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

23.5%

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 Harfang 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 Harfang Exploration performed over the past 5 years?

-11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAR is currently unprofitable.

Growing Profit Margin: HAR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HAR is unprofitable, and losses have increased over the past 5 years at a rate of 11.6% per year.

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

Earnings vs Industry: HAR 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: HAR has a negative Return on Equity (-41.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is Harfang Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: HAR's short term assets (CA$2.7M) exceed its short term liabilities (CA$276.4K).

Long Term Liabilities: HAR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: HAR is debt free.

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


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: HAR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: HAR has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 25.3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

3.3yrs

Average board tenure


CEO

François Goulet (37 yo)

no data

Tenure

CA$143,420

Compensation

Mr. François Goulet serves as Chief Executive Officer and President at Harfang Exploration Inc. Mr. Goulet has extensive international experience in advanced mining projects developed in tropical and north ...


CEO Compensation Analysis

Compensation vs Market: François's total compensation ($USD107.24K) is below average for companies of similar size in the Canadian market ($USD178.73K).

Compensation vs Earnings: François's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
François Goulet
Presidentno dataCA$143.42k2.25%
CA$ 352.0k
André Gaumond
Independent Chairmanno datano data1.45%
CA$ 226.1k
Jean-Pierre Janson
Independent Director3.33yrsno data1.13%
CA$ 176.0k
Robin Villeneuve
Independent Director3.33yrsno data0.072%
CA$ 11.2k
Sylvie Prud'homme
Independent Director3.33yrsno data0.67%
CA$ 104.0k
Frank Mariage
Independent Director3.33yrsno data0.14%
CA$ 22.6k

3.3yrs

Average Tenure

55.5yo

Average Age

Experienced Board: HAR's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Harfang Exploration Inc.
  • Ticker: HAR
  • Exchange: TSXV
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$15.614m
  • Shares outstanding: 48.79m
  • Website: https://www.harfangexploration.com

Location

  • Harfang Exploration Inc.
  • 1100, avenue des Canadiens-de-Montréal
  • Suite 300
  • Montreal
  • Quebec
  • H3B 2S2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HARTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2017
HRFE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2017

Biography

Harfang Exploration Inc., an exploration and evaluation stage company, primarily acquires and explores for gold properties in Canada. The company focuses on the exploration and evaluation of its mineral pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/08 00:17
End of Day Share Price2020/08/07 00:00
Earnings2020/04/30
Annual Earnings2020/01/31


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.