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.
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.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
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.
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
2 months ago | Simply Wall StWe're Hopeful That Mineworx Technologies (CVE:MWX) Will Use Its Cash Wisely
5 months ago | Simply Wall StWe're Not Very Worried About Mineworx Technologies's (CVE:MWX) Cash Burn Rate
9 months ago | Simply Wall StWe Think Mineworx Technologies (CVE:MWX) Needs To Drive Business Growth Carefully
Is Mineworx Technologies undervalued compared to its fair value and its price relative to the market?
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).
How is Mineworx Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Mineworx Technologies'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.
- Mineworx Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Mineworx Technologies performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg Pendura (71yo)
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 ...
|Chief Financial Officer||4.83yrs||CA$139.15k||0.076% CA$19.2k|
|Chief Technical Officer||4.5yrs||CA$188.26k||no data|
|Geologist||no data||no data||no data|
|Geologist||no data||no data||no data|
Experienced Management: MWX's management team is considered experienced (4.8 years average tenure).
|Member of Advisory Board||no data||no data||no data|
|Independent Non-Executive Director||2.5yrs||CA$27.30k||no data|
|Member of Advisory Board||6.17yrs||no data||no data|
|Independent Non-Executive Director||5.08yrs||CA$27.30k||0.75% CA$189.3k|
|Independent Non-Executive Director||5.08yrs||CA$27.30k||0.025% CA$6.3k|
|Independent Non-Executive Director||5.08yrs||CA$36.40k||0.37% CA$94.9k|
Experienced Board: MWX's board of directors are considered experienced (5.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mineworx Technologies Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- Mineworx Technologies Ltd.
- 19239 – 96 Avenue
- British Columbia
- V4N 4C4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MWX||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Mar 1989|
|YRS||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 1989|
|MWXR.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 1989|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/02 00:16|
|End of Day Share Price||2020/06/30 00:00|
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.