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Surge Exploration

TSXV:SUR
Snowflake Description

Adequate balance sheet with weak fundamentals.

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

Surge Exploration Inc. engages in the acquisition and exploration of mineral properties in North America. The last earnings update was 115 days ago. More info.


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  • Surge Exploration has significant price volatility in the past 3 months.
SUR Share Price and Events
7 Day Returns
0%
TSXV:SUR
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
-78.4%
TSXV:SUR
-7.9%
CA Metals and Mining
-0.1%
CA Market
SUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Surge Exploration (SUR) 0% -11.1% -20% -78.4% -75.4% -20%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • SUR underperformed the Metals and Mining industry which returned -7.9% over the past year.
  • SUR underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
SUR
Industry
5yr Volatility vs Market

Value

 Is Surge Exploration 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 Surge Exploration. This is due to cash flow or dividend data being unavailable. The share price is CA$0.04.
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 Surge Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Surge Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:SUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.03
TSXV:SUR Share Price ** TSXV (2019-03-14) in CAD CA$0.04
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

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

** Primary Listing of Surge Exploration.

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

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

= 0.04 ÷ -0.03

-1.36x

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

  • Surge Exploration is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Surge Exploration is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Surge Exploration's expected growth come at a high price?
Raw Data
TSXV:SUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.36x
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 0.69x
Canada Market PEG Ratio Median Figure of 251 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 Surge Exploration, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Surge Exploration's assets?
Raw Data
TSXV:SUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.02
TSXV:SUR Share Price * TSXV (2019-03-14) in CAD CA$0.04
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:SUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.04 ÷ 0.02

2.58x

* Primary Listing of Surge Exploration.

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

  • Surge Exploration is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Surge Exploration'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. Surge Exploration 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.

Future Performance

 How is Surge Exploration 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 Surge Exploration 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
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Surge Exploration expected to grow at an attractive rate?
  • Unable to compare Surge Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Surge Exploration's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Surge Exploration's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:SUR Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:SUR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:SUR Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -1 -2
2018-06-30 0 -1
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 -1 0
2016-09-30 -1 0
2016-06-30 -1 0
2016-03-31 -1 0
2015-12-31 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Surge Exploration is high growth as no earnings estimate data is available.
  • Unable to determine if Surge Exploration 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:SUR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Surge Exploration Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:SUR Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.03
2018-06-30 -0.02
2018-03-31 -0.01
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.03
2016-12-31 -0.04
2016-09-30 -0.04
2016-06-30 -0.05
2016-03-31 -0.07
2015-12-31 -0.08

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

Next steps:

  1. Examine Surge Exploration'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. Surge Exploration'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. Surge Exploration'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 Surge Exploration'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.
Surge Exploration 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.

Past Performance

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

TSXV:SUR Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -1.63 1.56
2018-06-30 -0.79 0.74
2018-03-31 -0.37 0.42
2017-12-31 -0.31 0.29
2017-09-30 -0.30 0.26
2017-06-30 -0.31 0.28
2017-03-31 -0.38 0.32
2016-12-31 -0.46 0.40
2016-09-30 -0.41 0.38
2016-06-30 -0.43 0.40
2016-03-31 -0.48 0.42
2015-12-31 -0.45 0.40
2015-09-30 -1.90 0.39
2015-06-30 -1.84 0.32
2015-03-31 -1.74 0.23
2014-12-31 -1.70 0.19
2014-09-30 -0.83 0.19
2014-06-30 -0.82 0.19
2014-03-31 -0.88 0.25
2013-12-31 -0.95 0.32
2013-09-30 -0.44 0.43
2013-06-30 -0.45 0.52
2013-03-31 -0.51 0.56
2012-12-31 -0.51 0.56
2012-09-30 -0.55 0.58
2012-06-30 -0.65 0.55
2012-03-31 -0.66 0.57

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

Health

 How is Surge Exploration'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 Surge Exploration's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Surge Exploration is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Surge Exploration has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Surge Exploration'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.
  • Surge Exploration 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 Surge Exploration Company Filings, last reported 5 months ago.

TSXV:SUR Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1.13 0.00 0.70
2018-06-30 1.14 0.00 0.83
2018-03-31 1.42 0.00 1.48
2017-12-31 1.33 0.00 1.70
2017-09-30 -0.33 0.00 0.00
2017-06-30 -0.25 0.00 0.00
2017-03-31 -0.22 0.00 0.05
2016-12-31 -0.18 0.00 0.08
2016-09-30 -0.05 0.20 0.08
2016-06-30 -0.05 0.27 0.15
2016-03-31 -0.17 0.27 0.07
2015-12-31 -0.23 0.00 0.08
2015-09-30 -0.29 0.00 0.02
2015-06-30 -0.35 0.00 0.04
2015-03-31 -0.45 0.00 0.07
2014-12-31 -0.47 0.00 0.04
2014-09-30 1.04 0.00 0.00
2014-06-30 1.09 0.00 0.00
2014-03-31 1.14 0.00 0.00
2013-12-31 1.19 0.00 0.01
2013-09-30 1.87 0.00 0.00
2013-06-30 1.90 0.00 0.00
2013-03-31 1.98 0.00 0.00
2012-12-31 2.09 0.00 0.01
2012-09-30 2.27 0.00 0.09
2012-06-30 2.34 0.02 0.00
2012-03-31 2.38 0.00 0.15
  • Surge Exploration has no debt.
  • Surge Exploration 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.

  • Surge Exploration has less than a year of cash runway based on current free cash flow.
  • Surge Exploration has less than a year of cash runway if free cash flow continues to grow at historical rates of 15.6% each year.
X
Financial health checks
We assess Surge Exploration'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. Surge Exploration 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.

Dividends

 What is Surge Exploration'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 Surge Exploration dividends.
If you bought CA$2,000 of Surge Exploration 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 Surge Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Surge Exploration'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:SUR 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 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
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 Surge Exploration has not reported any payouts.
  • Unable to verify if Surge Exploration's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Surge Exploration's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Surge Exploration 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 Surge Exploration'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 Surge Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Surge Exploration 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.

Management

 What is the CEO of Surge Exploration'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
Tim Fernback
COMPENSATION CA$6,000
AGE 49
TENURE AS CEO 0.5 years
CEO Bio

Mr. Timothy Cyril Fernback, also known as Tim, MBA, CPA, CMA, has been the President and Chief Executive Officer of Surge Exploration Inc since September 1, 2018 and has been a Director of Surge Exploration Inc since November 2017 and he has been Chief Operating Officer of Nevada Energy Metals Inc. since September 1, 2016. Mr. Fernback served as President, Chief Executive Officer and Director of Tisdale Resources Corp. (formerly known as Senator Minerals Inc.) since December 15, 2014. He serves as the President of TCF Ventures Corp. He has been Vice President of Deep-South Resources Inc. since January 18, 2017. He served as Chief Executive Officer and President of LiCo Energy Metals Inc. from April 30, 2017 to July 1, 2018. Mr. Fernback served as the Chief Executive Officer and President at Inform Resources Corp since May 15, 2015 until June 30, 2016. He served as the Chief Executive Officer and President at LOOPShare LTD. He served as Chief Operating Officer of LiCo Energy Metals Inc. (formerly, Wildcat Exploration Ltd.) from October 6, 2016 to April 30, 2017. He has been the Chief Financial Officer of CUV Ventures Corp. since December 16, 2016. He served as the Chief Executive Officer of Deep-South Resources Inc. (also known as Jet Gold Corp.) since January 31, 2014 until January 18, 2017. Mr. Fernback served as Chief Executive Officer and President of Golden Virtue Resources Inc. since May 2014. Mr. Fernback served as the Chief Executive Officer and President of Kenna Resources Corp. since May 30, 2014. He served as the Chief Executive Officer and President at Reliq Health Technologies Inc. from May 6, 2013 to March 27, 2015. He served as the Chief Executive Officer and President of Providence Resources Corp. He served as Interim Chief Financial Officer of Arco Resources Corp. since September 2014. He served as Interim Chief Financial Officer of Serpentine Technologies Limited from March 11, 2016 to September 6, 2016. He served as Member of Executive Management at Public Company Management Corp. He served as the Head of Technology Consulting Practice at Discovery Capital Corporation. Since 2009, he served as Regional Director for the CFO Centre, the Canadian Division of the United Kingdom’s market leading provider of part-time finance executives for mid-tier businesses. From 1995 to 1998, he was employed in a consulting capacity and served as a Manager at Discovery Capital Corporation. He served as Chief Financial Officer of RealSource Residential, Inc. (formerly, Upstream Biosciences, Inc.) from April 12, 2006 to August 28, 2009 and served as its Principal Accounting Officer. He joined RealSource Residential on April 12, 2006. From 1998 to 2004, Mr. Fernback worked at Wolverton Securities Ltd., a broker-dealer and investment bank based in Western Canada, as the Manager of the Corporate Finance Department. He served multiple senior executive positions, including oversight of the Investment Banking and Corporate Finance Divisions at Wolverton Securities, formerly Western Canada’s oldest brokerage firm. And he was responsible for over 50 IPSs and over 100 reverse-mergers on the TMX and NASDAQ . and He represented Wolverton on stock exchange committees and industry groups, including the Corporate Finance Advisory Group and Underwriting Groups on various Canadian Exchanges. In 2004, he left Wolverton Securities and founded a boutique technology consulting practice. He possesses over 20 years of experience in financing and managing public and private small-cap companies throughout North America. Mr. Fernback has been a Director of Okanagan Capital Fund Inc. since 2002. He has been a Director at Nevada Energy Metals Inc. since September 1, 2016. He has been Director of LiCo Energy Metals Inc. since April 30, 2017. He has been Director of CUV Ventures Corp. since September 1, 2016. He has been a Director of Deep-South Resources Inc. since January 31, 2014. He served as a Director at Inform Resources Corp since May 15, 2015 until June 30, 2016. He served as a Director of Reliq Health Technologies Inc. (alternate name, Moseda Technologies, Inc.) until March 27, 2015. He served as Director of Golden Virtue Resources Inc. since May 2014. He served as a Director of Equitas Resources Corp. (now Altamira Gold Corp.) since February 03, 2015 until April 27, 2016. He served as Director of Arco Resources Corp. from July 2014 to September 2014. He served as Director of Kenna Resources Corp since May 30, 2014. He served as a Director at LOOPShare LTD. He served as Director of RealSource Residential, Inc. since April 2006 and Providence Resources Corp. since September 15, 2006. Mr. Fernback was selected by his peers to become a Member of the Corporate Finance Committee of the Vancouver Stock Exchange and was an active Member of the committee until the VSE’s merger to form a new national stock exchange, part of the TSX Group of companies and the primary source of capital for small-cap and micro-capitalization companies in North America. He holds a Certified Professional Accounting Designation (CPA, CMA) and is an active Member of many industry and trade organizations in Vancouver. Mr. Fernback has successfully completed the Canadian Securities Course as well as the Partners, Directors and Senior Officers Qualifying Exam. Mr. Fernback holds an Honours B.Sc. in Biology from McMaster University in 1991 and also a graduate of the University of British Columbia, where he completed an MBA with a concentration in Finance in 1993.

CEO Compensation
  • Insufficient data for Tim to compare compensation growth.
  • Tim's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Surge Exploration management team in years:

0.5
Average Tenure
  • The average tenure for the Surge Exploration management team is less than 2 years, this suggests a new team.
Management Team

Tim Fernback

TITLE
President
COMPENSATION
CA$6K
AGE
49
TENURE
0.5 yrs

Simon Tso

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Lori Pavle

TITLE
Corporate Secretary
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Surge Exploration board of directors in years:

7.2
Average Tenure
58
Average Age
  • The tenure for the Surge Exploration board of directors is about average.
Board of Directors

Tim Fernback

TITLE
President
COMPENSATION
CA$6K
AGE
49
TENURE
1.3 yrs

Bill Bennett

TITLE
Director
AGE
68
TENURE
1.1 yrs

Gordon Jung

TITLE
Director
COMPENSATION
CA$74K
TENURE
18.8 yrs

David Mallo

TITLE
Member of Advisory Board
AGE
58
TENURE
8.6 yrs

Bob Culbert

TITLE
Director
TENURE
7.7 yrs

Peter Robinson

TITLE
Member of Advisory Board
TENURE
6.8 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$) Value (CA$)
21. Aug 18 Buy Timothy Fernback Individual 20. Aug 18 20. Aug 18 20,000 CA$0.13 CA$2,600
23. Jul 18 Buy Timothy Fernback Individual 19. Jul 18 19. Jul 18 150,000 CA$0.10 CA$15,000
27. Jun 18 Buy Timothy Fernback Individual 22. Jun 18 26. Jun 18 45,000 CA$0.15 CA$6,339
X
Management checks
We assess Surge Exploration'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. Surge Exploration 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.

News

Simply Wall St News

Company Info

Description

Surge Exploration Inc. engages in the acquisition and exploration of mineral properties in North America. It holds 100% interest in the Copper-Gold Mineral Mountain Property, which consists of 9 mineral claims covering an area of approximately 19,665 hectares located in the Omineca mining division, North Central British Columbia. The company was formerly known as Copper Creek Gold Corp. and changed its name to Surge Exploration Inc. in April 2018. Surge Exploration Inc. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Details
Name: Surge Exploration Inc.
SUR
Exchange: TSXV
Founded: 1987
CA$3,034,570
75,864,250
Website: http://surgeexploration.com
Address: Surge Exploration Inc.
789 West Pender Street,
Suite 1220,
Vancouver,
British Columbia, V6C 1H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV SUR Common Shares TSX Venture Exchange CA CAD 24. Jan 1990
OTCPK SURJ.F Common Shares Pink Sheets LLC US USD 24. Jan 1990
DB DJ5C Common Shares Deutsche Boerse AG DE EUR 24. Jan 1990
Number of employees
Current staff
Staff numbers
0
Surge Exploration employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:34
End of day share price update: 2019/03/14 00:00
Last earnings filing: 2018/11/23
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.