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Orefinders Resources

TSXV:ORX
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORX
TSXV
CA$5M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Orefinders Resources Inc. engages in the exploration, development, and production of gold assets in Canada. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Orefinders Resources has significant price volatility in the past 3 months.
ORX Share Price and Events
7 Day Returns
10%
TSXV:ORX
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-54.2%
TSXV:ORX
-5.9%
CA Metals and Mining
0.7%
CA Market
ORX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orefinders Resources (ORX) 10% 10% 22.2% -54.2% 37.5% -63.3%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • ORX underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • ORX underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
ORX
Industry
5yr Volatility vs Market

ORX Value

 Is Orefinders Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Orefinders Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.055.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Orefinders Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orefinders Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:ORX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in CAD CA$-0.01
TSXV:ORX Share Price ** TSXV (2019-03-18) in CAD CA$0.06
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Orefinders Resources.

TSXV:ORX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:ORX Share Price ÷ EPS (both in CAD)

= 0.06 ÷ -0.01

-3.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orefinders Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Orefinders Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Orefinders Resources's expected growth come at a high price?
Raw Data
TSXV:ORX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Orefinders Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Orefinders Resources's assets?
Raw Data
TSXV:ORX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in CAD CA$0.09
TSXV:ORX Share Price * TSXV (2019-03-18) in CAD CA$0.06
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSXV:ORX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:ORX Share Price ÷ Book Value per Share (both in CAD)

= 0.06 ÷ 0.09

0.61x

* Primary Listing of Orefinders Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orefinders Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Orefinders Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Orefinders Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ORX Future Performance

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

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 Orefinders 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orefinders Resources expected to grow at an attractive rate?
  • Unable to compare Orefinders Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Orefinders Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Orefinders Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:ORX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:ORX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:ORX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-10-31 -1 -1
2018-07-31 -1 -1
2018-04-30 0 -1
2018-01-31 -1 -2
2017-10-31 0 -2
2017-07-31 -1 -2
2017-04-30 -1 -2
2017-01-31 0 0
2016-10-31 0 0
2016-07-31 0 0
2016-04-30 0 0
2016-01-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Orefinders Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Orefinders Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:ORX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Orefinders Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ORX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-10-31 -0.01
2018-07-31 -0.01
2018-04-30 -0.02
2018-01-31 -0.03
2017-10-31 -0.03
2017-07-31 -0.03
2017-04-30 -0.03
2017-01-31 -0.01
2016-10-31 -0.01
2016-07-31 0.00
2016-04-30 0.00
2016-01-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Orefinders Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ORX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Orefinders Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Orefinders Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Orefinders Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Orefinders Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ORX Past Performance

  How has Orefinders Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Orefinders Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Orefinders Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Orefinders Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Orefinders Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Orefinders Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Orefinders Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ORX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 -1.30 1.18
2018-07-31 -1.07 1.18
2018-04-30 -1.24 1.05
2018-01-31 -2.13 0.93
2017-10-31 -1.63 0.32
2017-07-31 -1.66 0.31
2017-04-30 -1.58 0.33
2017-01-31 -0.49 0.33
2016-10-31 -0.50 0.41
2016-07-31 -0.24 0.35
2016-04-30 -0.23 0.32
2016-01-31 -0.31 0.40
2015-10-31 -0.29 0.36
2015-07-31 -0.33 0.31
2015-04-30 -0.46 0.40
2015-01-31 -0.57 0.36
2014-10-31 -0.60 0.40
2014-07-31 -0.62 0.40
2014-04-30 -4.49 0.47
2014-01-31 -4.63 0.50
2013-10-31 -5.97 1.84
2013-07-31 -5.92 1.80
2013-04-30 -2.01 1.70
2013-01-31 -1.69 1.66
2012-10-31 -0.21 0.20
2012-07-31 -0.15 0.15
2012-06-30 -0.15 0.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Orefinders Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Orefinders Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Orefinders Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Orefinders Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Orefinders Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ORX Health

 How is Orefinders Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Orefinders Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orefinders Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Orefinders Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Orefinders Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 108.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Orefinders Resources Company Filings, last reported 4 months ago.

TSXV:ORX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 9.08 0.01 0.49
2018-07-31 8.96 0.00 0.13
2018-04-30 9.00 0.00 0.86
2018-01-31 9.28 0.00 1.21
2017-10-31 6.78 0.00 0.96
2017-07-31 7.09 0.00 1.19
2017-04-30 7.23 0.00 1.35
2017-01-31 8.28 0.28 0.06
2016-10-31 8.39 0.21 0.32
2016-07-31 8.25 0.00 0.05
2016-04-30 8.16 0.00 0.02
2016-01-31 8.25 0.00 0.08
2015-10-31 8.32 0.00 0.20
2015-07-31 8.34 0.00 0.30
2015-04-30 8.42 0.00 0.55
2015-01-31 8.54 0.00 0.79
2014-10-31 8.41 0.00 0.71
2014-07-31 8.52 0.00 1.08
2014-04-30 8.62 0.00 1.36
2014-01-31 8.88 0.00 1.63
2013-10-31 9.02 0.00 2.23
2013-07-31 9.13 0.00 2.72
2013-04-30 13.07 0.00 3.38
2013-01-31 13.64 0.00 4.86
2012-10-31 1.27 0.00 0.85
2012-07-31 1.39 0.00 1.03
2012-06-30 1.43 0.00 1.07
  • Orefinders Resources's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.1% today).
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.

  • Orefinders Resources has less than a year of cash runway based on current free cash flow.
  • Orefinders Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 30.4% each year.
X
Financial health checks
We assess Orefinders Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Orefinders Resources has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ORX Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Orefinders Resources dividends.
If you bought CA$2,000 of Orefinders Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Orefinders Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Orefinders Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:ORX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Orefinders Resources has not reported any payouts.
  • Unable to verify if Orefinders Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Orefinders Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Orefinders Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Orefinders Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Orefinders Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orefinders Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ORX Management

 What is the CEO of Orefinders Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stephen Stewart
COMPENSATION CA$67,000
AGE 38
TENURE AS CEO 3.8 years
CEO Bio

Mr. Stephen Alexander Nelson Stewart, MBA, MSRE, M.sc., has been the President of Xmet Inc. since December 15, 2013. Mr. Stewart has been the Chief Executive Officer and Secretary of Orefinders Resources Inc. since June 15, 2015 and since February 17, 2012. respectively. He served as the Vice President of Corporate Development and Secretary at Orefinders Resources Inc. since February 17, 2012. Mr. Stewart was responsible to provide corporate development advice to the Issuer, identify new financing opportunities, identify merger and acquisition opportunities and to make himself available for road shows and conferences. He anticipates devoting approximately 35% of his working time for the benefit of the Issuer. He has been President of 2287957 Ontario Inc., since January 1, 2010. Mr. Stewart served as Vice President of Corporate Development of Xmet Inc. since April 2011 until December 15, 2013. He was an Analyst at the Ontario Municipal Employee Retirement System from October 2009 to January 2010 and was a self-employed financial consultant for resource and real estate companies from April 2002 to December 2008. Mr. Stewart has been a Director of Xmet Inc. since December 15, 2013 and Orefinders Resources Inc. since February 6, 2015. He serves as Chief Executive Officer & Director at Power Ore Inc. Mr. Stewart acquired a BA from the University of Western Ontario, a M.Sc. from the University of Florida and an MBA from the University of Toronto.

CEO Compensation
  • Stephen's compensation has increased whilst company is loss making.
  • Stephen's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Orefinders Resources management team in years:

1.8
Average Tenure
  • The average tenure for the Orefinders Resources management team is less than 2 years, this suggests a new team.
Management Team

Alex Stewart

TITLE
Executive Chairman
COMPENSATION
CA$57K
AGE
74

Stephen Stewart

TITLE
CEO, Secretary & Director
COMPENSATION
CA$67K
AGE
38
TENURE
3.8 yrs

Jeff Potwarka

TITLE
Chief Financial Officer
COMPENSATION
CA$29K
TENURE
2.6 yrs

Charles Beaudry

TITLE
VP of Exploration & Director
COMPENSATION
CA$41K
TENURE
1.8 yrs

Gautam Narayanan

TITLE
Manager of Corporate Development
TENURE
1.2 yrs

Antoine Schwartzmann

TITLE
Project Geologist
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Orefinders Resources board of directors in years:

4.1
Average Tenure
  • The tenure for the Orefinders Resources board of directors is about average.
Board of Directors

Alex Stewart

TITLE
Executive Chairman
COMPENSATION
CA$57K
AGE
74

Stephen Stewart

TITLE
CEO, Secretary & Director
COMPENSATION
CA$67K
AGE
38
TENURE
4.1 yrs

Charles Beaudry

TITLE
VP of Exploration & Director
COMPENSATION
CA$41K
TENURE
1.8 yrs

Claude Bouchard

TITLE
Director
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Orefinders Resources insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
24. Jan 19 Buy Stephen Stewart Individual 24. Jan 19 24. Jan 19 10,000 CA$0.05 CA$500
16. Jan 19 Buy Stephen Stewart Individual 16. Jan 19 16. Jan 19 100,000 CA$0.05 CA$5,000
26. Dec 18 Buy Stephen Stewart Individual 24. Dec 18 24. Dec 18 100,000 CA$0.06 CA$5,500
18. Nov 18 Buy Stephen Stewart Individual 16. Nov 18 16. Nov 18 40,000 CA$0.05 CA$2,000
22. Oct 18 Buy Stephen Stewart Individual 19. Oct 18 19. Oct 18 22,000 CA$0.06 CA$1,210
16. Oct 18 Buy Stephen Stewart Individual 16. Oct 18 16. Oct 18 30,000 CA$0.06 CA$1,800
14. Sep 18 Buy Stephen Stewart Individual 14. Sep 18 14. Sep 18 50,000 CA$0.08 CA$3,750
30. Aug 18 Buy Stephen Stewart Individual 29. Aug 18 29. Aug 18 100,000 CA$0.06 CA$6,000
23. Aug 18 Buy Stephen Stewart Individual 23. Aug 18 23. Aug 18 45,000 CA$0.07 CA$3,150
24. Jul 18 Buy Stephen Stewart Individual 19. Jul 18 19. Jul 18 35,000 CA$0.07 CA$2,275
X
Management checks
We assess Orefinders Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Orefinders Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ORX News

Simply Wall St News

What You Must Know About Orefinders Resources Inc's (CVE:ORX) Market Risks

If you're interested in Orefinders Resources Inc (CVE:ORX), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Why Orefinders Resources Inc's (CVE:ORX) Ownership Structure Is Important

Today, I will be analyzing Orefinders Resources Inc’s (CVE:ORX) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … TSXV:ORX Ownership Summary August 10th 18

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What Did Orefinders Resources Inc's (CVE:ORX) CEO Take Home Last Year?

Stephen Stewart is the CEO of Orefinders Resources Inc (CVE:ORX), which has recently grown to a market capitalization of CA$7.36m. … CEOs leading companies of similar size and profitability … Check out our latest analysis for Orefinders Resources

Simply Wall St -

How Does Orefinders Resources Inc (TSXV:ORX) Affect Your Portfolio Returns?

See our latest analysis for ORX An interpretation of ORX's beta Orefinders Resources has a beta of 3.89, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … ORX, with its market capitalisation of CAD $3.52M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

ORX Company Info

Description

Orefinders Resources Inc. engages in the exploration, development, and production of gold assets in Canada. Its principal properties include the Mirado project that comprises 12 patented claims covering an area of 432 acres located to the southeast of the Town of Kirkland Lake in north-eastern Ontario; and the Knight project consisting of 14 patented leases and 79 mining claims on 2,200 hectares situated in the Knight and Tyrrell townships of Ontario. The company was founded in 2011 and is headquartered in Toronto, Canada.

Details
Name: Orefinders Resources Inc.
ORX
Exchange: TSXV
Founded: 2011
CA$5,496,901
99,943,659
Website: http://www.orefinders.ca
Address: Orefinders Resources Inc.
120 Adelaide Street West,
Suite 2500,
Toronto,
Ontario, M5H 1T1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ORX Common Shares TSX Venture Exchange CA CAD 18. Dec 2012
OTCPK ORFD.F Common Shares Pink Sheets LLC US USD 18. Dec 2012
Number of employees
Current staff
Staff numbers
0
Orefinders Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:41
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.