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Parallel Mining

TSXV:PAL
Snowflake Description

Adequate balance sheet with weak fundamentals.

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

Parallel Mining Corp. evaluates, acquires, explores for, develops, and exploits base and precious metal properties in Canada and Africa. The last earnings update was 59 days ago. More info.


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  • Parallel Mining has significant price volatility in the past 3 months.
PAL Share Price and Events
7 Day Returns
0%
TSXV:PAL
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-50%
TSXV:PAL
-5.9%
CA Metals and Mining
0.7%
CA Market
PAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Parallel Mining (PAL) 0% -44.4% 0% -50% - -75%
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
  • PAL underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • PAL underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
PAL
Industry
5yr Volatility vs Market

PAL Value

 Is Parallel Mining 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 Parallel Mining. This is due to cash flow or dividend data being unavailable. The share price is CA$0.025.
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 Parallel Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Parallel Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:PAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in CAD CA$-0.05
TSXV:PAL Share Price ** TSXV (2019-03-20) in CAD CA$0.03
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 Parallel Mining.

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

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

= 0.03 ÷ -0.05

-0.47x

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

  • Parallel Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Parallel Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Parallel Mining's expected growth come at a high price?
Raw Data
TSXV:PAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.47x
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 Parallel Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Parallel Mining's assets?
Raw Data
TSXV:PAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in CAD CA$0.00
TSXV:PAL Share Price * TSXV (2019-03-20) in CAD CA$0.03
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:PAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ 0.00

18.57x

* Primary Listing of Parallel Mining.

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

  • Parallel Mining is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Parallel Mining'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. Parallel Mining has a total score of 0/6, 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.

PAL Future Performance

 How is Parallel Mining 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 Parallel Mining 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 Parallel Mining expected to grow at an attractive rate?
  • Unable to compare Parallel Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Parallel Mining's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Parallel Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:PAL 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:PAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:PAL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-11-30 0 -3
2018-08-31 0 -3
2018-05-31 0 -3
2018-02-28 -1 -2
2017-11-30 -1 -1
2017-08-31 -1 0
2017-05-31 -1 -1
2017-02-28 0 -1
2016-11-30 0 0
2016-08-31 0 0
2016-05-31 0 0
2016-02-28 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Parallel Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Parallel Mining 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:PAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Parallel Mining Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PAL Past Financials Data
Date (Data in CAD Millions) EPS *
2018-11-30 -0.05
2018-08-31 -0.06
2018-05-31 -0.06
2018-02-28 -0.05
2017-11-30 -0.01
2017-08-31 -0.01
2017-05-31 -0.01
2017-02-28 -0.02
2016-11-30 -0.02
2016-08-31 -0.03
2016-05-31 -0.03
2016-02-28 -0.02

*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 Parallel Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Parallel Mining'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.
  2. Parallel Mining'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. Parallel Mining'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 Parallel Mining'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.
Parallel Mining 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.

PAL Past Performance

  How has Parallel Mining 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 Parallel Mining'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.
  • Parallel Mining does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Parallel Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Parallel Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Parallel Mining'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 Parallel Mining Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:PAL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 -2.96 0.32
2018-08-31 -3.08 0.36
2018-05-31 -3.08 0.38
2018-02-28 -2.47 0.28
2017-11-30 -0.58 0.42
2017-08-31 -0.42 0.37
2017-05-31 -0.51 0.45
2017-02-28 -0.58 0.52
2016-11-30 -0.41 0.36
2016-08-31 -0.39 0.34
2016-05-31 -0.26 0.21
2016-02-28 -0.19 0.16
2015-11-30 -0.21 0.17
2015-08-31 -0.22 0.18
2015-05-31 -0.22 0.18
2015-02-28 -0.19 0.18
2014-11-30 -0.15 0.15
2014-08-31 -0.12 0.13
2014-05-31 -0.11 0.12
2014-02-28 -0.13 0.11
2013-11-30 -0.16 0.12
2013-08-31 -0.14 0.12
2013-05-31 -0.17 0.12
2013-02-28 -0.72 0.17
2012-11-30 -0.69 0.16
2012-08-31 -1.22 0.16
2012-05-31 -1.20 0.16

*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 Parallel Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Parallel Mining 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 Parallel Mining 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 Parallel Mining'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.
Parallel Mining 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.

PAL Health

 How is Parallel Mining'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 Parallel Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Parallel Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Parallel Mining has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Parallel Mining'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.
  • Parallel Mining has no debt, it does not need to be covered by short term assets.
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 Parallel Mining Company Filings, last reported 3 months ago.

TSXV:PAL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 0.09 0.00 0.14
2018-08-31 -0.25 0.00 0.04
2018-05-31 -0.25 0.00 0.05
2018-02-28 0.37 0.02 0.02
2017-11-30 2.48 0.00 0.00
2017-08-31 2.70 0.00 0.30
2017-05-31 2.77 0.00 0.56
2017-02-28 1.82 0.00 1.16
2016-11-30 0.77 0.00 0.07
2016-08-31 0.78 0.00 0.13
2016-05-31 0.04 0.00 0.00
2016-02-28 0.03 0.00 0.06
2015-11-30 -0.01 0.00 0.01
2015-08-31 0.04 0.00 0.01
2015-05-31 0.07 0.00 0.01
2015-02-28 0.14 0.00 0.02
2014-11-30 0.20 0.00 0.19
2014-08-31 0.26 0.00 0.29
2014-05-31 0.29 0.00 0.33
2014-02-28 0.33 0.00 0.35
2013-11-30 0.34 0.00 0.37
2013-08-31 0.38 0.00 0.39
2013-05-31 0.40 0.00 0.42
2013-02-28 0.45 0.00 0.46
2012-11-30 0.50 0.00 0.51
2012-08-31 0.51 0.00 0.60
2012-05-31 0.57 0.00 0.64
  • Parallel Mining has no debt.
  • Parallel Mining 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.

  • Parallel Mining has less than a year of cash runway based on current free cash flow.
  • Parallel Mining has less than a year of cash runway if free cash flow continues to grow at historical rates of 42.2% each year.
X
Financial health checks
We assess Parallel Mining'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. Parallel Mining has a total score of 4/6, 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.

PAL Dividends

 What is Parallel Mining'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 Parallel Mining dividends.
If you bought CA$2,000 of Parallel Mining 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 Parallel Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Parallel Mining'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:PAL 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 Parallel Mining has not reported any payouts.
  • Unable to verify if Parallel Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Parallel Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Parallel Mining 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 Parallel Mining'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 Parallel Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Parallel Mining 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.

PAL Management

 What is the CEO of Parallel Mining'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
John Anderson
COMPENSATION CA$42,000
AGE 54
TENURE AS CEO 4.9 years
CEO Bio

Mr. John David Anderson, B.A., has been the Chief Executive Officer of Orofino Minerals Inc. since May 17, 2017. Mr. Anderson has been the Interim Chief Executive Officer of Dawson Gold Corp. since August 16, 2016. He serves as the Chairman of EXMceuticals Inc. He serves as the Chief Executive Officer of Triumph Gold (formerly, Northern Freegold). He serves as the President of Century Energy Ltd. and has been its Chief Executive Officer since July 2017. Mr. Anderson has been the Chief Executive Officer and President at Parallel Mining Corp. since April 24, 2014. He serves as the President at Orofino Materials Inc. He has been the President of Purplefish Capital Ltd., an independent corporate advisory firm since November 2007. He is the Founder of American Eagle Oil & Gas Company and American Eagle Energy, Inc. He serves as the President and Principal of Purple Fish Capital Limited. He has been an Advisor at Soho Resources Corp. since 1998. Mr. Anderson is the Co-founder of Aquastone Capital Advisors LP. He has been Self-employed, Axom Consulting Corp. since 1995, engaged in the financing of private and public companies in Canada, the United Kingdom and France. He has over 25 years of experience in financial consulting, investor relations and real estate asset management. He has been involved in a number of small-cap companies, providing financing, investor relations and corporate development services. He served as the Chief Executive Officer of Century Energy Ltd. until October 2016. Mr. Anderson served as the Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer of Strategic Resources, Ltd. since May 2004 and served as its President from May 2004 to September 2007. He was the Co-Founder and General Partner at Aquastone Capital Advisors, LLC. From March 1999 to May 2006, he served as the President of Axiom Consulting Corp. Mr. Anderson served as the Chief Executive Officer and President of Simba Gold Corp. until May 2011. He served as the Treasurer and Secretary of WesCorp Energy Inc. from April 24, 2003 to June 2004 and served as its Chief Executive Officer and President from April 9, 2003 to May 28, 2004. He served as the Chief Executive Officer and President at Cadan Resources Corporation (now Rizal Resources Corporation) from February 21, 2007 to March 22, 2007 and also served as its Director of Corporate Development from February 26, 2009 to May 30, 2013. He was responsible for presenting and promoting Cadan Resources Corporation, including ongoing investment relations strategies, programs and activities. Mr. Anderson served as a Co-President of PVR Ltd from March 2004 to September 2004. He served at Bema Gold Corporation in Vancouver as its Director of Investor Relations and its subsidiary. He served at Bema from November 1995 to March 1999. He served as the Managing Director of Meters Capital, Inc. from January 1995 to November 1995. Mr. Anderson has also held positions with Manulife Real Estate and W.H. Bosley & Co., managing commercial real estate portfolios in Seattle, Washington as well as Vancouver and Toronto, Canada. He served as a Leasing Director of Manulife Real Estate in Vancouver from November 1990 to December 1994. He served as a Sales Manager, Leasing Representative and Leasing Manager at Manulife in Toronto from November 1988 to October 1990. He was a founder of Deep 6 PLC. Mr. Anderson is the Chairman of Mexican Gold Corp. since September 17, 2018. He has been the Chairman of Triumph Gold Corp. (Northern Freegold Resources, Ltd.) since May 2011. He serves as a Director of Triumph Gold Corp. since January 14, 2010. He serves as the Chairman of Dawson Gold Corp. and Simba Gold Corp. He served as the Chairman of Cadan Resources Corporation from January 2010 to May 2013. He has been a Director of First Vanadium Corp. (formerly, known as Cornerstone Metals Inc.) since October 11, 2016. Mr. Anderson has been a Director of Orofino Minerals Inc. since April 20, 2016, Geodex Minerals Ltd. since May 11, 2017, Blue Note Mining Inc., since March 2009, American Eagle Energy, Inc. since November 4, 2005, Parallel Mining Corp. since April 24, 2014, Century Energy Ltd. since November 28, 2014, Dawson Gold Corp. since March 13, 2008, Lumina Diagnostics since June 19, 2008, Covenant Resources Ltd. since December 2009, CTI Diversified Holdings Ltd. since 2000, American Eagle Energy Corporation since November 4, 2005 and Passport Energy Ltd., since September 29, 2009. He has been Director at Outcrop Gold Corp. (formerly known as Miranda Gold Corp) since August 2017. Mr. Anderson has been a Director of Rise Gold Corp. since August 31, 2016, Northern Freegold Resources, Ltd. since January 14, 2010, Mexican Gold Corp. since May 26, 2017 and Petromin Resources Ltd. since January 31, 2016. He serves as a Director of American Eagle Oil & Gas Company and PVR Ltd. He served as a Director of International Tungsten Inc. from February 15, 2010 to December 1, 2016. He served as an Independent Director at Telson Resources Inc. (formerly, Soho Resources Corp) from October 21, 2010 to November 27, 2015 and also served as its Member of the Advisory Board since October 2007. Mr. Anderson served as a Director of Cadan Resources Corporation from February 21, 2007 to May 30, 2013 and of Blue Moon Zinc Corp. (Savant Explorations Ltd.) since October 2016 until June 10, 2017. He served as a Director of Osisko Hammond Reef Gold Ltd. since June 10, 2002. He served as a Director of Strategic Resources, Ltd., from May 2004 to March 2005. He served as a Director of Meyers Capital Inc. He served as a Director of Brett Resources Inc. from June 10, 2002 to August 2005, Cobratech from November 18, 1999 to June 28, 2001, Huakan International Mining Inc. since June 30, 2010, WesCorp Energy Inc. since October 4, 2001, Simba Gold Corp., from January 30, 2009 to May 2011 and Apollo Resources International, Inc. since November 12, 2004. He served as an Independent Director at Viscount Mining Corp. from September 2013 to August 22, 2014. Mr. Anderson served as a Director of Powder Mountain Energy Ltd. since September 29, 2009. He served as a Director of Sona Resources Corp. from August 09, 2006 to June 6, 2014. He served as a Member of Advisory Board of Soho Resources Corp. since October 2007. Mr. Anderson holds a B.A. degree from the University of Western Ontario, London in June 1987 and an Urban Land Economics Diploma from the University of British Columbia in 1993.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year.
  • John's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Parallel Mining management team in years:

4.9
Average Tenure
  • The tenure for the Parallel Mining management team is about average.
Management Team

John Anderson

TITLE
President
COMPENSATION
CA$42K
AGE
54
TENURE
4.9 yrs

Rakesh Patel

TITLE
Chief Financial Officer
COMPENSATION
CA$36K
TENURE
4.8 yrs

Bob Sibthorpe

TITLE
Vice President of Exploration
AGE
68

Jan Urata

TITLE
Secretary
TENURE
4.9 yrs
Board of Directors

John Anderson

TITLE
President
COMPENSATION
CA$42K
AGE
54
TENURE
4.9 yrs

Al Fabbro

TITLE
Lead Director
COMPENSATION
CA$30K
AGE
61
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
24. Oct 18 Buy Allan Fabbro Individual 12. Oct 18 12. Oct 18 500,000 CA$0.05 CA$25,000
24. Oct 18 Sell Allan Fabbro Individual 09. Oct 18 09. Oct 18 -490,000 CA$0.06 CA$-26,950
12. Oct 18 Buy John Anderson Individual 12. Oct 18 12. Oct 18 800,000 CA$0.05 CA$40,000
X
Management checks
We assess Parallel Mining'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. Parallel Mining 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.

PAL News

Simply Wall St News

Why Parallel Mining Corp's (CVE:PAL) Ownership Structure Is Important

In this analysis, my focus will be on developing a perspective on Parallel Mining Corp’s (CVE:PAL) latest ownership structure, a less discussed, but important factor. … Ownership structure of a company has been found to affect share performance over time. … View out our latest analysis for Parallel Mining

Simply Wall St -

PAL Company Info

Description

Parallel Mining Corp. evaluates, acquires, explores for, develops, and exploits base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso. The company was formerly known as Parallel Resources Ltd. and changed its name to Parallel Mining Corp. in December 2011. Parallel Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Details
Name: Parallel Mining Corp.
PAL
Exchange: TSXV
Founded: 2007
CA$1,667,568
66,702,737
Website: http://parallelmining.com
Address: Parallel Mining Corp.
750 West Pender Street,
Suite 804,
Vancouver,
British Columbia, V6C 2T7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PAL Common Shares TSX Venture Exchange CA CAD 22. Aug 2007
OTCPK PARL.F Common Shares Pink Sheets LLC US USD 22. Aug 2007
Number of employees
Current staff
Staff numbers
0
Parallel Mining employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:11
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/01/21
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/05/31


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.