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Canada Rare Earth

TSXV:LL
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LL
TSXV
CA$9M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Canada Rare Earth Corp., a development stage company, engages in the exploration and development of rare earth elements in Canada and internationally. The last earnings update was 18 days ago. More info.


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LL Share Price and Events
7 Day Returns
11.1%
TSXV:LL
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
0%
TSXV:LL
-7.9%
CA Metals and Mining
-0.1%
CA Market
LL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canada Rare Earth (LL) 11.1% 0% 11.1% 0% 100% 66.7%
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
  • LL outperformed the Metals and Mining industry which returned -7.9% over the past year.
Price Volatility
LL
Industry
5yr Volatility vs Market

LL Value

 Is Canada Rare Earth 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.

In this section, we usually try to help investors determine whether Canada Rare Earth is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Canada Rare Earth 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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Canada Rare Earth. This is due to cash flow or dividend data being unavailable. The share price is CA$0.05.
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 Canada Rare Earth's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canada Rare Earth's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:LL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.02
TSXV:LL Share Price ** TSXV (2019-03-14) in CAD CA$0.05
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 Canada Rare Earth.

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

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

= 0.05 ÷ -0.02

-3.25x

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

  • Canada Rare Earth is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Canada Rare Earth is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Canada Rare Earth's expected growth come at a high price?
Raw Data
TSXV:LL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.25x
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 Canada Rare Earth, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canada Rare Earth's assets?
Raw Data
TSXV:LL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.00
TSXV:LL Share Price * TSXV (2019-03-14) in CAD CA$0.05
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:LL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.05 ÷ 0.00

-19x

* Primary Listing of Canada Rare Earth.

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

  • Canada Rare Earth has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Examine Canada Rare Earth'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. 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 Canada Rare Earth's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Canada Rare Earth'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. Canada Rare Earth 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.

LL Future Performance

 How is Canada Rare Earth 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 Canada Rare Earth 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 Canada Rare Earth expected to grow at an attractive rate?
  • Unable to compare Canada Rare Earth's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Canada Rare Earth's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Canada Rare Earth's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:LL 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:LL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:LL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -1 -3
2018-09-30 1 0 -3
2018-06-30 1 0 -3
2018-03-31 2 0 -3
2017-12-31 2 0 0
2017-09-30 1 0 0
2017-06-30 1 0 0
2017-03-31 0 0 0
2016-12-31 0 0 -1
2016-09-30 0 -1 -1
2016-06-30 0 0 -2
2016-03-31 0 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Canada Rare Earth is high growth as no earnings estimate data is available.
  • Unable to determine if Canada Rare Earth 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:LL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Canada Rare Earth Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:LL Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -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 Canada Rare Earth will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Canada Rare Earth'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. Canada Rare Earth'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. Canada Rare Earth'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 Canada Rare Earth'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.
Canada Rare Earth 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.

LL Past Performance

  How has Canada Rare Earth 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 Canada Rare Earth'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.
  • Canada Rare Earth does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Canada Rare Earth's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Canada Rare Earth's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Canada Rare Earth'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 Canada Rare Earth Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:LL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.80 -2.63 1.53
2018-09-30 1.05 -2.68 1.47
2018-06-30 1.36 -3.02 1.23
2018-03-31 1.76 -2.81 1.10
2017-12-31 1.62 -0.40 0.39
2017-09-30 1.30 -0.25 0.32
2017-06-30 0.69 -0.22 0.33
2017-03-31 0.16 -0.32 0.41
2016-12-31 0.11 -0.66 0.40
2016-09-30 0.00 -0.93 0.56
2016-06-30 0.00 -2.08 0.66
2016-03-31 0.09 -2.13 0.75
2015-12-31 0.19 -1.72 0.93
2015-09-30 0.29 -1.68 0.99
2015-06-30 0.29 -0.65 1.01
2015-03-31 0.19 -0.67 0.98
2014-12-31 0.10 -2.29 0.95
2014-09-30 -2.37 0.93
2014-06-30 -2.48 1.02
2014-03-31 -2.63 1.19
2013-12-31 -1.40 1.39
2013-09-30 -1.61 1.58
2013-06-30 -1.83 1.66
2013-03-31 -1.90 1.71
2012-12-31 -2.38 2.24
2012-09-30 -2.71 2.56
2012-06-30 -4.91 4.95
2012-03-31 -5.57 5.78

*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 Canada Rare Earth has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Canada Rare Earth 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 Canada Rare Earth 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 Canada Rare Earth'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.
Canada Rare Earth 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.

LL Health

 How is Canada Rare Earth'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 Canada Rare Earth's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canada Rare Earth is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canada Rare Earth's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Canada Rare Earth'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.
  • Canada Rare Earth has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Canada Rare Earth Company Filings, last reported 2 months ago.

TSXV:LL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -0.46 1.07 1.22
2018-09-30 -0.42 0.97 0.99
2018-06-30 -0.82 0.87 1.29
2018-03-31 -0.78 0.93 1.50
2017-12-31 1.68 0.17 0.03
2017-09-30 1.74 0.17 0.11
2017-06-30 1.84 0.12 0.00
2017-03-31 1.89 0.16 0.05
2016-12-31 2.00 0.00 0.02
2016-09-30 1.98 0.00 0.08
2016-06-30 2.04 0.00 0.19
2016-03-31 2.16 0.00 0.32
2015-12-31 2.65 0.00 0.43
2015-09-30 2.86 0.00 0.63
2015-06-30 3.50 0.00 0.50
2015-03-31 3.70 0.00 0.59
2014-12-31 3.73 0.00 0.72
2014-09-30 3.95 0.00 0.94
2014-06-30 4.15 0.00 1.04
2014-03-31 4.35 0.00 1.23
2013-12-31 5.98 0.00 1.44
2013-09-30 6.24 0.00 1.76
2013-06-30 6.51 0.00 3.16
2013-03-31 6.75 0.00 3.52
2012-12-31 7.01 0.00 3.72
2012-09-30 7.14 0.00 4.09
2012-06-30 5.19 0.00 2.05
2012-03-31 5.48 0.00 2.24
  • Canada Rare Earth has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Canada Rare Earth's debt level has increased considering it has negative shareholder equity.
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.

  • Canada Rare Earth has sufficient cash runway for 2.2 years based on current free cash flow.
  • Canada Rare Earth has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of -24.9% each year.
X
Financial health checks
We assess Canada Rare Earth'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. Canada Rare Earth has a total score of 4/6, 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.

LL Dividends

 What is Canada Rare Earth'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 Canada Rare Earth dividends.
If you bought CA$2,000 of Canada Rare Earth 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 Canada Rare Earth's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Canada Rare Earth'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:LL 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 Canada Rare Earth has not reported any payouts.
  • Unable to verify if Canada Rare Earth's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Canada Rare Earth's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Canada Rare Earth 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 Canada Rare Earth'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 Canada Rare Earth afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canada Rare Earth 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.

LL Management

 What is the CEO of Canada Rare Earth'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
Tracy Moore
COMPENSATION CA$85,230
AGE 65
TENURE AS CEO 6.5 years
CEO Bio

Mr. Tracy Allin Moore, CA has been the Chief Financial Officer of New Legend Group Ltd. since January 2006. Mr. Moore has been the Chief Executive Officer and Director of Canada Rare Earth Corporation (alternate name Rare Earth Metals Inc.) since September 2012 and serves as its President since September 2012 until May 21, 2016. He founded MCSI Consulting Group of Vancouver, Canada in 1990 and has been its President since 1990. At MCSI, he is responsible for overall client contact and relations, project management, planning and quality control. He has over 20 years' business, corporate finance and strategic and business planning experience having worked in over 15 countries, while based in Vancouver, Canada. For four years, he provided corporate finance services to the Canada Export Centre Corporation and its clients and partners. He was instrumental in founding CEC Rare Earth Corporation in 2010/2011. He served as the Chief Executive Officer of CEC Rare Earth Corporation. He served as Chief Financial Officer of Galena Capital Corp. from November 22, 2007 to June 30, 2010. He served as Chief Financial Officer of TapImmune Inc. from August 2009 to July 2010 and served as its Principal Accounting Officer, Secretary and Treasurer until July 2010. He served as Acting Principal Accounting Officer of TapImmune Inc. He served as Chief Financial Officer of Pan American Goldfields Ltd (formerly known as Mexoro Minerals, Ltd. and Sunburst Acquisitions IV Inc.) from December 4, 2005 to January 31, 2007 and its Chief Operating Officer from June 2005 to December 2005. He served as Secretary of Pan American Goldfields Ltd since December 2005. He served as the Chief Financial Officer and Secretary of Buffalo Gold Ltd. until February 10, 2004. He served as Secretary of SHEP Technologies Inc. (formerly Inside Holdings Inc.) from August 12, 2002 to February 2004 and its Chief Financial Officer since February 18, 2004. From 1976 to 1990, Mr. Moore worked at three international accounting firms in restructuring, consulting and audit positions. In addition to his consulting practice, he has owned and operated a variety of businesses. He has been a Director of Rare Earth Metals Inc. since September 7, 2012. He has been a Director of TapImmune, Inc. from August 2009 to July 16, 2010. He has been a Director of New Legend Group Limited since January 2006. He served as a Director of CEC Rare Earth Corporation. He served as a Director of Alberta Star Development Corp. from 2006 to December 17, 2008. Mr. Moore served as a Director of Inside Holdings, Inc. from August 12, 2002 to November 2004, Buffalo Gold Ltd. from January 21, 2003 to February 2004, Avance Venture Corp. from October 2000 to May 2002, King Communications International Limited from June to December 2000 and April 1996 to March 1999, Illusion Systems Inc. from September 2000 to October 2002. He served as a Director of Alabama Graphite Corp. (also known as TrustMark Auto Group, Inc.) from November 2009 to February 2010. He served as a Director of Pan American Goldfields Ltd from December 4, 2005 to November 2007. He is a Canadian Chartered Accountant since 1979. He was a Member of the Institute of Chartered Accountants in British Columbia in 1979. Mr. Moore received a Bachelor of Commerce in Accounting and Management Information Systems from the University of British Columbia in May 1976.

CEO Compensation
  • Tracy's compensation has increased whilst company is loss making.
  • Tracy's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Canada Rare Earth management team in years:

4.2
Average Tenure
65
Average Age
  • The tenure for the Canada Rare Earth management team is about average.
Management Team

Tracy Moore

TITLE
CEO & Director
COMPENSATION
CA$85K
AGE
65
TENURE
6.5 yrs

Salil Dhaumya

TITLE
Chief Financial Officer
COMPENSATION
CA$35K
AGE
52
TENURE
4.2 yrs

Peter Shearing

TITLE
COO & Director
COMPENSATION
CA$55K
TENURE
3.4 yrs

Gord Fretwell

TITLE
Director
COMPENSATION
CA$9K
AGE
65
Board of Directors Tenure

Average tenure and age of the Canada Rare Earth board of directors in years:

6.4
Average Tenure
65
Average Age
  • The tenure for the Canada Rare Earth board of directors is about average.
Board of Directors

Tracy Moore

TITLE
CEO & Director
COMPENSATION
CA$85K
AGE
65
TENURE
6.5 yrs

Peter Shearing

TITLE
COO & Director
COMPENSATION
CA$55K
TENURE
6.5 yrs

Gord Fretwell

TITLE
Director
COMPENSATION
CA$9K
AGE
65
TENURE
3.3 yrs

Rojer Li

TITLE
Chairman of Advisory Board
COMPENSATION
CA$170K
TENURE
6.3 yrs

Bill Purcell

TITLE
Director
COMPENSATION
CA$4K
TENURE
6.5 yrs

Bob Schafer

TITLE
Member of Advisory Board
AGE
63
TENURE
6.4 yrs

Mike Fillipoff

TITLE
Member of Advisory Board
TENURE
6.4 yrs

John Treleaven

TITLE
Member of Advisory Board
TENURE
6.4 yrs

Wencai Zhu

TITLE
Member of Advisory Board

Mark Peters

TITLE
Director
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Canada Rare Earth insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Jan 19 Buy Tracy Moore Individual 21. Dec 18 31. Dec 18 5,500 CA$0.05 CA$263
19. Dec 18 Buy Tracy Moore Individual 18. Dec 18 18. Dec 18 1,000 CA$0.05 CA$50
17. Dec 18 Buy Tracy Moore Individual 13. Dec 18 14. Dec 18 3,000 CA$0.05 CA$140
14. Dec 18 Buy Tracy Moore Individual 12. Dec 18 12. Dec 18 2,000 CA$0.05 CA$90
10. Dec 18 Buy Tracy Moore Individual 10. Dec 18 10. Dec 18 3,000 CA$0.06 CA$165
07. Dec 18 Buy Tracy Moore Individual 06. Dec 18 07. Dec 18 4,000 CA$0.05 CA$199
30. Nov 18 Buy Tracy Moore Individual 30. Nov 18 30. Nov 18 5,000 CA$0.05 CA$235
29. Nov 18 Sell Tracy Moore Individual 27. Nov 18 28. Nov 18 -7,500 CA$0.05 CA$-376
21. Nov 18 Buy Tracy Moore Individual 20. Nov 18 20. Nov 18 1,500 CA$0.06 CA$90
15. Nov 18 Buy Tracy Moore Individual 12. Nov 18 14. Nov 18 6,000 CA$0.07 CA$400
18. Nov 18 Buy Tracy Moore Individual 16. Nov 18 16. Nov 18 2,000 CA$0.06 CA$120
25. Oct 18 Buy Tracy Moore Individual 22. Oct 18 25. Oct 18 6,000 CA$0.07 CA$419
09. Oct 18 Buy Tracy Moore Individual 04. Oct 18 04. Oct 18 2,000 CA$0.07 CA$140
25. Sep 18 Buy Tracy Moore Individual 24. Sep 18 24. Sep 18 2,000 CA$0.08 CA$150
01. Oct 18 Buy Tracy Moore Individual 28. Sep 18 28. Sep 18 2,000 CA$0.08 CA$150
14. Sep 18 Buy Tracy Moore Individual 12. Sep 18 14. Sep 18 6,000 CA$0.07 CA$381
04. May 18 Sell Salil Dhaumya Individual 02. May 18 03. May 18 -110,000 CA$0.09 CA$-9,111
X
Management checks
We assess Canada Rare Earth'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. Canada Rare Earth 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.

LL News

Simply Wall St News

Is Canada Rare Earth Corp's (CVE:LL) CEO Paid At A Competitive Rate?

Tracy Moore has been the CEO of Canada Rare Earth Corp (CVE:LL) since 2012. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Our data indicates that Canada Rare Earth Corp is worth CA$10m, and total annual CEO compensation is CA$85k.

Simply Wall St -

Is Canada Rare Earth Corp's (CVE:LL) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Canada Rare Earth Corp (CVE:LL), with a market cap of CA$12.52m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Should You Worry About Canada Rare Earth Corp's (CVE:LL) CEO Pay?

See our latest analysis for Canada Rare Earth Did Moore create value? … TSXV:LL Past Future Earnings Apr 9th 18 Is LL's CEO overpaid relative to the market? … Normally I'd use market cap and profit as factors determining performance, however, LL's negative earnings lower the effectiveness of this method.

Simply Wall St -

Are Earnings Prospects Improving For Loss-Making Canada Rare Earth Corp's (CVE:LL)?

See our latest analysis for Canada Rare Earth How LL fared against its long-term earnings performance and its industry I like to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … TSXV:LL Income Statement Mar 29th 18 We can further evaluate Canada Rare Earth's loss by looking at what the industry has been experiencing over the past few years. … This suggests that, even though Canada Rare Earth is currently loss-making, it may have been aided by industry tailwinds, moving earnings towards to right direction.What does this mean?

Simply Wall St -

Breaking Down Canada Rare Earth Corp's (CVE:LL) Ownership Structure

Ownership structure of a company has been found to affect share performance over time. … See our latest analysis for Canada Rare Earth TSXV:LL Ownership_summary Mar 5th 18 Insider Ownership Another important group of shareholders are company insiders. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

Simply Wall St -

Is Canada Rare Earth Corp's (CVE:LL) Balance Sheet A Threat To Its Future?

Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Looking at LL’s most recent CA$304.75K liabilities, it appears that the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.01x. … LL's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: LL’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Canada Rare Earth Corp (CVE:LL): Risks You Need To Consider Before Buying

LL’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … LL, with its market capitalisation of CA$7.51M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … This is an interesting conclusion, since both LL’s size and industry indicates the stock should have a higher beta than it currently has.

Simply Wall St -

Should You Be Content With Canada Rare Earth Corp's (CVE:LL) 73% Earnings Growth?

View our latest analysis for Canada Rare Earth Did LL's recent EPS Growth beat the long-term trend and the industry? … For Canada Rare Earth, the most recent earnings -CA$0.3M, which, in comparison to the prior year's level, has become less negative. … Canada Rare Earth's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

Are You Backing The Right Horse With Canada Rare Earth Corp (TSXV:LL)?

This rate is larger than the growth rate of the Canadian stock market as a whole. … TSXV:LL Past Future Earnings Nov 25th 17 As a whole, the basic materials sector seems to be predominantly mature in terms of its industry life cycle. … If LL has been on your watchlist for a while, now may be the time to enter into the stock, if you like its ability to deliver growth and are not highly concentrated in the metals and mining industry.

Simply Wall St -

LL Company Info

Description

Canada Rare Earth Corp., a development stage company, engages in the exploration and development of rare earth elements in Canada and internationally. Its products include high-purity rare earth oxides, rare earth fluorides, larger particle/nano rare earth oxides, and other products. The company was formerly known as Rare Earth Metals Inc. and changed its name to Canada Rare Earth Corp. in February 2013. Canada Rare Earth Corp. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Details
Name: Canada Rare Earth Corp.
LL
Exchange: TSXV
Founded: 1987
CA$8,647,007
172,940,141
Website: http://www.canadarareearth.com
Address: Canada Rare Earth Corp.
1040 West Georgia Street,
15th Floor,
Vancouver,
British Columbia, V6E 4H1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV LL Common Shares TSX Venture Exchange CA CAD 15. Dec 2009
OTCPK RARE.F Common Shares Pink Sheets LLC US USD 15. Dec 2009
Number of employees
Current staff
Staff numbers
0
Canada Rare Earth employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:15
End of day share price update: 2019/03/14 00:00
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.