Executive Summary
Riverside Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of exploration and evaluation assets in Canada, the United States, and Mexico.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Flawless balance sheet and overvalued.
Share Price & News
How has Riverside Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RRI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
35.7%
RRI
4.7%
CA Metals and Mining
0.2%
CA Market
1 Year Return
18.8%
RRI
4.8%
CA Metals and Mining
4.6%
CA Market
Return vs Industry: RRI exceeded the Canadian Metals and Mining industry which returned 4.8% over the past year.
Return vs Market: RRI exceeded the Canadian Market which returned 4.6% over the past year.
Shareholder returns
| RRI | Industry | Market | |
|---|---|---|---|
| 7 Day | 35.7% | 4.7% | 0.2% |
| 30 Day | 22.6% | 5.2% | 0.5% |
| 90 Day | 46.2% | 13.4% | 4.0% |
| 1 Year | 18.8%18.8% | 5.5%4.8% | 7.9%4.6% |
| 3 Year | -65.5%-65.5% | -2.8%-4.4% | 17.8%7.2% |
| 5 Year | -34.5%-34.5% | 25.5%21.8% | 33.7%14.2% |
Price Volatility Vs. Market
How volatile is Riverside Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Kind Of Shareholders Own Riverside Resources Inc. (CVE:RRI)?2 months ago | Simply Wall St
Riverside Resources (CVE:RRI) Is In A Good Position To Deliver On Growth Plans4 months ago | Simply Wall St
What Kind Of Shareholder Appears On The Riverside Resources Inc.'s (CVE:RRI) Shareholder Register?Valuation
Is Riverside Resources undervalued compared to its fair value and its price relative to the market?
1.19x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate RRI's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate RRI's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: RRI is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: RRI 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 RRI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RRI is good value based on its PB Ratio (1.2x) compared to the CA Metals and Mining industry average (1.6x).
Next Steps
Future Growth
How is Riverside Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.1%
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 Riverside 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
- Examine Riverside Resources'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.
- Riverside Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Riverside Resources performed over the past 5 years?
28.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RRI is currently unprofitable.
Growing Profit Margin: RRI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RRI is unprofitable, but has reduced losses over the past 5 years at a rate of 28.4% per year.
Accelerating Growth: Unable to compare RRI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RRI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).
Return on Equity
High ROE: RRI has a negative Return on Equity (-13.03%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Riverside Resources's financial position?
Financial Position Analysis
Short Term Liabilities: RRI's short term assets (CA$5.7M) exceed its short term liabilities (CA$2.3M).
Long Term Liabilities: RRI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RRI is debt free.
Reducing Debt: RRI has not had any debt for past 5 years.
Balance Sheet
Inventory Level: RRI has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if RRI's debt is covered by short term assets.
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: RRI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RRI has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of -13.6% each year.
Next Steps
Dividend
What is Riverside Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate RRI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate RRI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RRI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RRI'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 RRI'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?
11.9yrs
Average management tenure
CEO
John-Mark Staude (54yo)
12.6yrs
Tenure
CA$224,970
Compensation
Dr. John-Mark Gardner Staude, P. Geo., M.Sc., Ph.D. has been the Chief Executive Officer of Riverside Resources Inc., since July 2007 and as its President since January 18, 2007. Dr. Staude serves as the P ...
CEO Compensation Analysis
Compensation vs Market: John-Mark's total compensation ($USD170.26K) is about average for companies of similar size in the Canadian market ($USD154.65K).
Compensation vs Earnings: John-Mark's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.6yrs | CA$224.97k | 3.1% CA$372.1k | |
| Chief Financial Officer | 12.9yrs | CA$170.00k | 1.31% CA$157.6k | |
| Chief Operations & Data Strategist | 1.1yrs | no data | no data | |
| Vice President of Corporate Development | 0.8yrs | no data | no data | |
| Corporate Secretary | 11.9yrs | no data | 0.00079% CA$94.9 |
11.9yrs
Average Tenure
Experienced Management: RRI's management team is seasoned and experienced (11.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.6yrs | CA$224.97k | 3.1% CA$372.1k | |
| Independent Director | 12.3yrs | CA$12.00k | no data | |
| Member of Advisory Board | 2.8yrs | no data | no data | |
| Independent Director | 3.7yrs | CA$12.00k | no data | |
| Member of Advisory Committee | 2.1yrs | CA$99.16k | no data | |
| Independent Director | 11.7yrs | CA$12.00k | 0.037% CA$4.5k | |
| Independent Director | 3.7yrs | CA$12.00k | 0.36% CA$42.7k | |
| Member of Advisory Board | 2.1yrs | no data | no data |
3.7yrs
Average Tenure
57yo
Average Age
Experienced Board: RRI's board of directors are considered experienced (3.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RRI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.2%.
Top Shareholders
Company Information
Riverside Resources Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Riverside Resources Inc.
- Ticker: RRI
- Exchange: TSXV
- Founded: 2006
- Industry: Precious Metals and Minerals
- Sector: Materials
- Market Cap: CA$12.016m
- Shares outstanding: 63.24m
- Website: https://www.rivres.com
Location
- Riverside Resources Inc.
- 550 – 800 West Pender Street
- Vancouver
- British Columbia
- V6C 2V6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RRI | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Aug 2007 |
| R99 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 2007 |
| RVSD.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Aug 2007 |
Biography
Riverside Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of exploration and evaluation assets in Canada, the United States, and Mexico. The company primarily explores for gold, silver, and copper deposits. It holds interest in the Peñoles, Tajitos, La Silla, Ariel, Cecilia, Teco, Australia, Suaqui Verde, Palo Fierro, Los Cuarentas, and La Union projects located in Mexico. The company also holds interest in the Oakes, Longrose, Pichette, and Vincent projects in Canada. Riverside Resources Inc. was founded in 2006 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 01:27 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.