TSXV:MKR

Stock Analysis Report

Melkior Resources

Executive Summary

Melkior Resources Inc., a junior mining exploration company, engages in the acquisition and exploration of mineral properties in Canada.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Melkior Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

650.0%

MKR

-6.0%

CA Metals and Mining

-6.2%

CA Market


1 Year Return

-81.3%

MKR

2.2%

CA Metals and Mining

-2.0%

CA Market

Return vs Industry: MKR underperformed the Canadian Metals and Mining industry which returned 2.2% over the past year.

Return vs Market: MKR underperformed the Canadian Market which returned -2% over the past year.


Shareholder returns

MKRIndustryMarket
7 Day650.0%-6.0%-6.2%
30 Day-40.0%-1.0%-5.0%
90 Day-50.0%4.9%-2.8%
1 Year-81.3%-81.3%2.9%2.2%1.1%-2.0%
3 Year-66.7%-66.7%-2.8%-4.5%10.7%0.6%
5 Year-50.0%-50.0%25.0%21.4%27.6%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Melkior Resources undervalued compared to its fair value and its price relative to the market?

0.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MKR is good value based on its PB Ratio (0.2x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

15.0%

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 Melkior Resources 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 Melkior Resources performed over the past 5 years?

79.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MKR is currently unprofitable.

Growing Profit Margin: MKR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MKR is unprofitable, but has reduced losses over the past 5 years at a rate of 79.3% per year.

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

Earnings vs Industry: MKR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).


Return on Equity

High ROE: MKR has a negative Return on Equity (-0.59%), as it is currently unprofitable.


Next Steps

Financial Health

How is Melkior Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MKR's short term assets (CA$1.3M) exceed its short term liabilities (CA$54.7K).

Long Term Liabilities: MKR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MKR is debt free.

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


Balance Sheet

Inventory Level: MKR has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MKR'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: Insufficient data to determine if MKR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MKR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Melkior Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MKR'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 MKR'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

Jim Deluce 0

3.3yrs

Tenure

Mr. Keith James Deluce serves as Director at Goldseek Resources Inc. Mr. Deluce also known as Jim, has been Chief Executive Officer of Melkior Resources Inc. since October 11, 2016. Mr. Deluce is a Commer ...


Leadership Team

NamePositionTenureCompensationOwnership
Keith Deluce
CEO & Director3.3yrsno data14.65% CA$425.5k
Min Sung
Chief Financial Officer1.5yrsCA$62.84kno data
Jo-Anne Archibald
Corporate Secretary1.5yrsno datano data

1.5yrs

Average Tenure

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


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.


Top Shareholders

Company Information

Melkior Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Melkior Resources Inc.
  • Ticker: MKR
  • Exchange: TSXV
  • Founded: 1986
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$2.905m
  • Shares outstanding: 19.37m
  • Website: https://www.melkior.com

Location

  • Melkior Resources Inc.
  • 66 Brousseau Avenue
  • Suite 207
  • Timmins
  • Ontario
  • P4N 5Y2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MKRTSXV (TSX Venture Exchange)YesCommon SharesCACADAug 1988
MEKDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 1988
MKRI.DOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 1988

Biography

Melkior Resources Inc., a junior mining exploration company, engages in the acquisition and exploration of mineral properties in Canada. The company primarily explores for gold, nickel, copper, platinum group elements, and volcanic mafic sulfide. Its flagship property is the Carscallen gold project with 320 claim units covering approximately 47 square kilometers located to the west of Timmins, Ontario. The company was founded in 1986 and is headquartered in Timmins, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:28
End of Day Share Price2020/02/27 00:00
Earnings2019/11/30
Annual Earnings2019/08/31


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.