How does TGX's pb Ratio compare to its peers?

TGX has negative equity and a Price-To-Book Ratio (-0.2x) compared to the peer average (4.7x).

How does TGX's pb Ratio compare vs other companies in the CA Metals and Mining Industry?

TGX has negative equity and a Price-To-Book Ratio (-0.2x) compared to the Canadian Metals and Mining industry average (1.5x).

What is TGX's pb Ratio compared to its Fair pb Ratio? This is the expected pb Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate TGX's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of TGX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate TGX's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

TGX Energy & Resources (TSXV:TGX) - Stock Price, News & Analysis

TGX Stock Overview

Engages in the exploration and evaluation of natural resource properties in Canada. More details

TGX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (CA$2M)

Earnings have declined by 8% per year over past 5 years

Negative shareholders equity

Makes less than USD$1m in revenue (CA$0)

+ 1 more risk

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TGX Energy & Resources Inc. Competitors

Eastfield Resources

TSXV:ETF

CA$1.5m

Mexican Gold Mining

TSXV:MEX

CA$1.4m

Sulliden Mining Capital

TSX:SMC

CA$1.3m

Carlyle Commodities

CNSX:CCC

CA$1.8m

Price History & Performance

Summary of share price highs, lows and changes for TGX Energy & Resources
Historical stock prices
Current Share Price	CA$0.045
52 Week High	CA$0.14
52 Week Low	CA$0.025
Beta	1.6
1 Month Change	-18.18%
3 Month Change	n/a
1 Year Change	50.00%
3 Year Change	-50.00%
5 Year Change	-40.00%
Change since IPO	-99.95%

Recent updates

Shareholder Returns

	TGX	CA Metals and Mining	CA Market
7D	0%	-1.7%	-1.0%
1Y	50.0%	41.8%	14.4%

Return vs Industry: TGX matched the Canadian Metals and Mining industry which returned 49.4% over the past year.

Return vs Market: TGX exceeded the Canadian Market which returned 16.2% over the past year.

Price Volatility

Is TGX's price volatile compared to industry and market?
TGX volatility
TGX Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	10.3%
Market Average Movement	8.5%
10% most volatile stocks in CA Market	18.1%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: TGX's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine TGX's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	M. Bhamji	www.truenorthgems.com

TGX Energy & Resources Inc. engages in the exploration and evaluation of natural resource properties in Canada. The company owns interests in the True Blue Property that consists of 303 mining claims located in the Watson Lake Mining District; and Nabikok Property, which consists of 155 claims located in northwestern Quebec. The company was formerly known as True North Gems Inc. and changed its name to TGX Energy & Resources Inc. in August 2024.

TGX Energy & Resources Inc. Fundamentals Summary

How do TGX Energy & Resources's earnings and revenue compare to its market cap?
TGX fundamental statistics
Market cap	CA$1.51m
Earnings (TTM)	-CA$242.19k
Revenue (TTM)	n/a

0.0x

P/S Ratio

-6.2x

P/E Ratio

Is TGX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TGX income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$242.19k
Earnings	-CA$242.19k

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0072
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-101.1%

How did TGX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/23 04:16
End of Day Share Price	2025/02/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TGX Energy & Resources Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tom Hayes	Edison Investment Research
Stuart McDougall	Jennings Capital Inc.