TSXV:LME

Stock Analysis Report

Laurion Mineral Exploration

Executive Summary

Laurion Mineral Exploration Inc., a junior mineral exploration and development company, engages in the acquisition, exploration, and development of mineral properties in Canada.

Risk Analysis

Earnings have declined by -20.18% per year over past 5 years

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

+ 1 more risk


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: LME has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.0%

LME

2.4%

CA Metals and Mining

0.6%

CA Market


1 Year Return

77.8%

LME

4.4%

CA Metals and Mining

5.8%

CA Market

Return vs Industry: LME exceeded the Canadian Metals and Mining industry which returned 4.3% over the past year.

Return vs Market: LME exceeded the Canadian Market which returned 5.8% over the past year.


Shareholder returns

LMEIndustryMarket
7 Day-3.0%2.4%0.6%
30 Day-3.0%1.2%0.5%
90 Day-13.5%6.6%3.6%
1 Year77.8%77.8%5.0%4.4%9.1%5.8%
3 Year357.1%357.1%-10.4%-11.9%15.4%5.0%
5 Year1500.0%1500.0%22.9%19.2%33.6%14.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: LME is overvalued based on its PB Ratio (20.7x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.6%

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 Laurion Mineral 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 Laurion Mineral Exploration performed over the past 5 years?

-20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LME is currently unprofitable.

Growing Profit Margin: LME is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LME is unprofitable, and losses have increased over the past 5 years at a rate of -20.2% per year.

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

Earnings vs Industry: LME is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).


Return on Equity

High ROE: LME has a negative Return on Equity (-111.61%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Laurion Mineral Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: LME's short term assets (CA$1.6M) exceed its short term liabilities (CA$266.0K).

Long Term Liabilities: LME has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: LME is debt free.

Reducing Debt: LME had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if LME's debt is covered by short term assets.


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: LME has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: LME has less than a year of cash runway if free cash flow continues to reduce at historical rates of -19.1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.3%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LME's dividends per share have been stable in the past.

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

0.6yrs

Average board tenure


CEO

Cynthia Le Sueur-Aquin 0

CA$242,259

Compensation

Ms. Cynthia E. Le Sueur-Aquin, B.Sc. (Ind. Eng), has been the President of Laurion Mineral Exploration Inc. (also known as Laurion Gold Inc.) since April 7, 2003 and also serves as its Chief Executive Offi ...


CEO Compensation Analysis

Compensation vs Market: Cynthia's total compensation ($USD182.81K) is about average for companies of similar size in the Canadian market ($USD155.16K).

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


Board Members

NamePositionTenureCompensationOwnership
Cynthia Le Sueur-Aquin
President0yrsCA$242.26k8.12% CA$2.3m
Scott Biloski
VP of Operations & Technical Advisory Board Member0.6yrsno datano data
Neil D. Westoll
Technical Advisory Board Member0.6yrsCA$14.19k0.057% CA$16.2k
Nick Ierfino
Director0yrsno datano data
William Pearson
Technical Advisory Board Member0.6yrsno datano data
Michael Burmi
Independent Director0.6yrsno data5.66% CA$1.6m
Jonathan Covello
Independent Director0.6yrsno datano data

0.6yrs

Average Tenure

Experienced Board: LME's board of directors are not considered experienced ( 0.6 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: LME 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 17.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Laurion Mineral Exploration Inc.
  • Ticker: LME
  • Exchange: TSXV
  • Founded: 1945
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$28.597m
  • Shares outstanding: 178.73m
  • Website: https://www.laurion.ca

Number of Employees


Location

  • Laurion Mineral Exploration Inc.
  • 40 King Street West
  • Suite 5800
  • Toronto
  • Ontario
  • M5H 3S1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LMETSXV (TSX Venture Exchange)YesCommon SharesCACADJul 1984
LMEF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 1984

Biography

Laurion Mineral Exploration Inc., a junior mineral exploration and development company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, zinc, copper, and base metal deposits. It primarily holds a 100% interest in the Ishkoday property covering an area of 4,442 hectare land package comprising 20 contiguous mining leases and 17 mining claims totaling 204 units located in Irwin, Walters, Elmhirst, and Pifher Townships to the northeast of the town of Beardmore. The company also holds an option agreement to acquire a 100% working interest in certain mining leases of the Brenbar Project located in the Irwin Township of Thunder Bay, Ontario. The company was formerly known as Laurion Gold Inc. and changed its name to Laurion Mineral Exploration Inc. in October 2006. Laurion Mineral Exploration Inc. was incorporated in 1945 and is based in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:16
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.