TSXV:MWX

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Mineworx Technologies

Executive Summary

Mineworx Technologies Ltd. engages in the exploration and development of mineral properties, and the development and deployment of extraction technologies in Spain and North America.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Mineworx Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

MWX

5.5%

CA Metals and Mining

1.3%

CA Market


1 Year Return

-15.8%

MWX

31.4%

CA Metals and Mining

-12.8%

CA Market

Return vs Industry: MWX underperformed the Canadian Metals and Mining industry which returned 31.4% over the past year.

Return vs Market: MWX underperformed the Canadian Market which returned -12.8% over the past year.


Shareholder returns

MWXIndustryMarket
7 Day0%5.5%1.3%
30 Day-5.9%6.9%0.9%
90 Day0%48.4%15.7%
1 Year-15.8%-15.8%32.4%31.4%-9.8%-12.8%
3 Year0%0%31.2%29.0%3.1%-6.6%
5 Year33.3%33.3%86.2%81.1%21.7%3.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mineworx Technologies undervalued compared to its fair value and its price relative to the market?

4.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MWX is overvalued based on its PB Ratio (4.8x) compared to the CA Metals and Mining industry average (2.1x).


Next Steps

Future Growth

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

21.1%

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 Mineworx Technologies 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 Mineworx Technologies performed over the past 5 years?

-21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MWX is currently unprofitable.

Growing Profit Margin: MWX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MWX is unprofitable, and losses have increased over the past 5 years at a rate of -21% per year.

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

Earnings vs Industry: MWX 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: MWX has a negative Return on Equity (-36.1%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mineworx Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: MWX's short term assets (CA$1.4M) exceed its short term liabilities (CA$702.1K).

Long Term Liabilities: MWX's short term assets (CA$1.4M) exceed its long term liabilities (CA$258.2K).


Debt to Equity History and Analysis

Debt Level: MWX is debt free.

Reducing Debt: MWX had no debt 5 years ago.


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: MWX has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MWX is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Mineworx Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.8yrs

Average management tenure


CEO

Greg Pendura (71yo)

9.83yrs

Tenure

CA$301,019

Compensation

Mr. Gregory S. Pendura, also known as Greg, M.Ed. has been the Chief Executive Officer of Mineworx Technologies Ltd. (alternate name, Solid Resources Ltd.) since September 2010 and has been its President s ...


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Pendura
Chairman9.83yrsCA$301.02k1.59% CA$403.6k
Donald Weatherbee
Chief Financial Officer4.83yrsCA$139.15k0.076% CA$19.2k
Gavin Watkins
Chief Technical Officer4.5yrsCA$188.26kno data
Fernando De Fuente Chacon
Geologistno datano datano data
Alfonso Garcia Plaza
Geologistno datano datano data

4.8yrs

Average Tenure

Experienced Management: MWX's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Pendura
Chairman9.83yrsCA$301.02k1.59% CA$403.6k
David Henstridge
Member of Advisory Boardno datano datano data
A. Pienaar
Independent Non-Executive Director2.5yrsCA$27.30kno data
Stanley Bartlett
Member of Advisory Board6.17yrsno datano data
Darcy Thiele
Independent Non-Executive Director5.08yrsCA$27.30k0.75% CA$189.3k
Akiva Borenstein
Independent Non-Executive Director5.08yrsCA$27.30k0.025% CA$6.3k
Rick Purdy
Independent Non-Executive Director5.08yrsCA$36.40k0.37% CA$94.9k

5.1yrs

Average Tenure

Experienced Board: MWX's board of directors are considered experienced (5.1 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mineworx Technologies Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mineworx Technologies Ltd.
  • Ticker: MWX
  • Exchange: TSXV
  • Founded: 2017
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$25.330m
  • Shares outstanding: 316.63m
  • Website: https://www.mineworx.net

Location

  • Mineworx Technologies Ltd.
  • 19239 – 96 Avenue
  • Surrey
  • British Columbia
  • V4N 4C4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MWXTSXV (TSX Venture Exchange)YesCommon SharesCACADMar 1989
YRSDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1989
MWXR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1989

Biography

Mineworx Technologies Ltd. engages in the exploration and development of mineral properties, and the development and deployment of extraction technologies in Spain and North America. It develops HM X-mill, a mineral grinding mill for grinding of ores, as well as regrinding of concentrates and tailings; HM X-leach, a cyanide-free process for the extraction of gold and other precious metals; and HM X-tract, a modular turnkey portable gold recovery processing circuit that includes crushing, grinding, sizing, gravity separation, floatation, concentration, clarification, water recycling, power generation, and operational service support modules. The company was formerly known as Iberian Minerals Ltd. and changed its name to Mineworx Technologies Ltd. in June 2017. Mineworx Technologies Ltd. was incorporated in 2017 and is headquartered in Surrey, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/02 00:16
End of Day Share Price2020/06/30 00:00
Earnings2020/03/31
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.