TSXV:MOX

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Executive Summary

Morien Resources Corp., a mining development company, engages in the identification and purchase of mineral properties in Canada. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

6.7%

MOX

-6.3%

CA Metals and Mining

-4.5%

CA Market


1 Year Return

-60.0%

MOX

40.3%

CA Metals and Mining

-8.8%

CA Market

Return vs Industry: MOX underperformed the Canadian Metals and Mining industry which returned 40.3% over the past year.

Return vs Market: MOX underperformed the Canadian Market which returned -8.8% over the past year.


Shareholder returns

MOXIndustryMarket
7 Day6.7%-6.3%-4.5%
30 Day6.7%-6.4%-3.8%
90 Day-8.6%-10.3%-3.3%
1 Year-59.5%-60.0%41.4%40.3%-5.5%-8.8%
3 Year-74.5%-75.8%45.6%42.7%0.5%-9.2%
5 Year-13.6%-17.9%138.3%131.2%28.7%8.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MOX (CA$0.16) is trading above our estimate of fair value (CA$0.02)

Significantly Below Fair Value: MOX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MOX is good value based on its PE Ratio (10x) compared to the CA Metals and Mining industry average (19.5x).

PE vs Market: MOX is good value based on its PE Ratio (10x) compared to the Canadian market (15.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MOX is overvalued based on its PB Ratio (3.1x) compared to the CA Metals and Mining industry average (2.7x).


Next Steps

Future Growth

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

24.6%

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 Morien 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 Morien Resources performed over the past 5 years?

89.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOX has a large one-off gain of CA$938.0K impacting its June 30 2020 financial results.

Growing Profit Margin: MOX's current net profit margins are higher than last year (11.9%).


Past Earnings Growth Analysis

Earnings Trend: MOX has become profitable over the past 5 years, growing earnings by 89.6% per year.

Accelerating Growth: MOX's earnings growth over the past year (767%) exceeds its 5-year average (89.6% per year).

Earnings vs Industry: MOX earnings growth over the past year (767%) exceeded the Metals and Mining industry 48.1%.


Return on Equity

High ROE: MOX's Return on Equity (31.2%) is considered high.


Next Steps

Financial Health

How is Morien Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MOX's short term assets (CA$3.1M) exceed its short term liabilities (CA$73.4K).

Long Term Liabilities: MOX's short term assets (CA$3.1M) exceed its long term liabilities (CA$316.5K).


Debt to Equity History and Analysis

Debt Level: MOX is debt free.

Reducing Debt: MOX had no debt 5 years ago.

Debt Coverage: MOX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MOX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MOX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MOX is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MOX'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?

2.1yrs

Average management tenure


CEO

Dawson Brisco

1.92yrs

Tenure

CA$124,000

Compensation

Mr. Dawson C. Brisco, P.Geo. has been the President of Morien Resources Corp. since May 8, 2018 and as its Chief Executive Officer since November 29, 2018 and serves as its Director since May 20, 2020. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Dawson's total compensation ($USD93.15K) is below average for companies of similar size in the Canadian market ($USD171.75K).

Compensation vs Earnings: Dawson's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John Philip Budreski
Executive Chairman2.75yrsCA$75.00k6.6%
CA$ 540.8k
Dawson Brisco
CEO, President & Director1.92yrsCA$124.00k0.52%
CA$ 42.9k
Susanne Willett
Chief Financial Officer2.08yrsCA$55.09kno data
D. Frazer
Corporate Secretary8yrsno datano data
Michael O'Keefe
2.08yrsCA$46.98kno data

2.1yrs

Average Tenure

62yo

Average Age

Experienced Management: MOX's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Philip Budreski
Executive Chairman2.75yrsCA$75.00k6.6%
CA$ 540.8k
Dawson Brisco
CEO, President & Director1.92yrsCA$124.00k0.52%
CA$ 42.9k
Charles Pitcher
Independent Director8.25yrsCA$16.00k0.63%
CA$ 52.0k
John Byrne
Independent Director7.92yrsCA$16.00k3.67%
CA$ 300.7k
Mary Ritchie
Independent Director0.42yrno data0.20%
CA$ 16.0k

2.8yrs

Average Tenure

63yo

Average Age

Experienced Board: MOX's board of directors are not considered experienced ( 2.8 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: 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Morien Resources Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Morien Resources Corp.
  • Ticker: MOX
  • Exchange: TSXV
  • Founded:
  • Industry: Steel
  • Sector: Materials
  • Market Cap: CA$8.197m
  • Shares outstanding: 51.23m
  • Website: https://morienres.com

Location

  • Morien Resources Corp.
  • Founders Square
  • Suite 800
  • Halifax
  • Nova Scotia
  • B3J 3M8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MOXTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2012
APMC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2012
35BNDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2012

Biography

Morien Resources Corp., a mining development company, engages in the identification and purchase of mineral properties in Canada. The company holds royalty interests in the Donkin coal mine located in Cape ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 23:59
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.