Executive Summary
Taranis Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metal deposits in Canada.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Overvalued with worrying balance sheet.
Share Price & News
How has Taranis Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRO has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-8.3%
TRO
4.6%
CA Metals and Mining
0.2%
CA Market
1 Year Return
-38.9%
TRO
4.5%
CA Metals and Mining
4.9%
CA Market
Return vs Industry: TRO underperformed the Canadian Metals and Mining industry which returned 4.5% over the past year.
Return vs Market: TRO underperformed the Canadian Market which returned 4.9% over the past year.
Shareholder returns
| TRO | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.3% | 4.6% | 0.2% |
| 30 Day | 0% | 3.7% | 0.4% |
| 90 Day | -21.4% | 10.7% | 3.7% |
| 1 Year | -38.9%-38.9% | 5.1%4.5% | 8.2%4.9% |
| 3 Year | -47.6%-47.6% | -5.4%-7.0% | 15.9%5.5% |
| 5 Year | 22.2%22.2% | 26.4%22.6% | 33.8%14.3% |
Price Volatility Vs. Market
How volatile is Taranis Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Could The Taranis Resources Inc. (CVE:TRO) Ownership Structure Tell Us Something Useful?7 months ago | Simply Wall St
Volatility 101: Should Taranis Resources (CVE:TRO) Shares Have Dropped 42%?1 year ago | Simply Wall St
What Percentage Of Taranis Resources Inc. (CVE:TRO) Shares Do Insiders Own?Valuation
Is Taranis Resources undervalued compared to its fair value and its price relative to the market?
0.83x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TRO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TRO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TRO is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: TRO 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 TRO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRO is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (1.5x).
Next Steps
Future Growth
How is Taranis Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.8%
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 Taranis 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
- Take a look at our analysis of TRO’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.
- Taranis 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 Taranis Resources performed over the past 5 years?
52.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRO is currently unprofitable.
Growing Profit Margin: TRO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRO is unprofitable, but has reduced losses over the past 5 years at a rate of 52.9% per year.
Accelerating Growth: Unable to compare TRO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (10.1%).
Return on Equity
High ROE: TRO has a negative Return on Equity (-0.96%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Taranis Resources's financial position?
Financial Position Analysis
Short Term Liabilities: TRO's short term assets (CA$356.6K) do not cover its short term liabilities (CA$558.2K).
Long Term Liabilities: TRO's short term assets (CA$356.6K) do not cover its long term liabilities (CA$403.0K).
Debt to Equity History and Analysis
Debt Level: TRO's debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: TRO's debt to equity ratio has increased from 1.9% to 6.5% over the past 5 years.
Balance Sheet
Inventory Level: TRO has a high level of physical assets or inventory.
Debt Coverage by Assets: TRO's debt is covered by short term assets (assets are 1.2x debt).
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: TRO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TRO has less than a year of cash runway if free cash flow continues to reduce at historical rates of -4.3% each year
Next Steps
Dividend
What is Taranis Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TRO'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 TRO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRO'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 TRO'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?
11.0yrs
Average management tenure
CEO
John Gardiner (61yo)
19.1yrs
Tenure
CA$119,980
Compensation
John J. Gardiner is a Geologist with over thirty years of experience in the mining industry, working as both an Exploration Geologist and Mining Geologist. He also has a Diploma in Computer Science and bus ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.1yrs | CA$119.98k | 7.71% CA$301.3k | |
| CFO & Director | 17.2yrs | CA$46.00k | 0.84% CA$32.9k | |
| VP of Exploration & Independent Director | 17.3yrs | CA$30.00k | 0.59% CA$23.2k | |
| Secretary & Director | 18.3yrs | CA$70.00k | 1.76% CA$68.7k | |
| Vice President of Operations | 0.9yrs | no data | no data |
11.0yrs
Average Tenure
64.5yo
Average Age
Experienced Management: TRO's management team is seasoned and experienced (11 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.1yrs | CA$119.98k | 7.71% CA$301.3k | |
| CFO & Director | 17.2yrs | CA$46.00k | 0.84% CA$32.9k | |
| VP of Exploration & Independent Director | 17.3yrs | CA$30.00k | 0.59% CA$23.2k | |
| Secretary & Director | 18.3yrs | CA$70.00k | 1.76% CA$68.7k | |
| Independent Director | 17.2yrs | CA$30.00k | 0.15% CA$5.8k |
17.3yrs
Average Tenure
68yo
Average Age
Experienced Board: TRO's board of directors are seasoned and experienced ( 17.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 9.2%.
Top Shareholders
Company Information
Taranis Resources Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Taranis Resources Inc.
- Ticker: TRO
- Exchange: TSXV
- Founded: 2001
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$3.909m
- Shares outstanding: 71.07m
- Website: https://www.taranisresources.com
Location
- Taranis Resources Inc.
- 1177 West Hastings Street
- Suite 1710
- Vancouver
- British Columbia
- V6E 2L3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRO | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Sep 2003 |
| TNRE.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 2003 |
Biography
Taranis Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metal deposits in Canada. The company primarily explores for silver, gold, lead, zinc, and copper deposits. It holds a 100% interest in the Thor property comprising 27 crown granted mineral claims and 14 mineral tenures covering an area of 3,314 hectares located in the Revelstoke mining district of British Columbia. The company was incorporated in 2001 and is based in Vancouver, Canada.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 00:21 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.