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Volcanic Gold Mines

TSXV:VG
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

Volcanic Gold Mines Inc. engages in the identification, acquisition, exploration, development, and evaluation of mineral properties in Guinea. The last earnings update was 117 days ago. More info.


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  • Volcanic Gold Mines has significant price volatility in the past 3 months.
VG Share Price and Events
7 Day Returns
0%
TSXV:VG
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-81%
TSXV:VG
-3.9%
CA Metals and Mining
2.6%
CA Market
VG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Volcanic Gold Mines (VG) 0% -11.1% 100% -81% -20% -85.7%
CA Metals and Mining 1.7% 0.4% 13.7% -3.9% 15% -18.9%
CA Market -0% 0.5% 15.3% 2.6% 16.8% 5.3%
1 Year Return vs Industry and Market
  • VG underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • VG underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
VG
Industry
5yr Volatility vs Market

VG Value

 Is Volcanic Gold Mines 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 Volcanic Gold Mines. 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 Volcanic Gold Mines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Volcanic Gold Mines's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:VG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.10
TSXV:VG Share Price ** TSXV (2019-03-20) in CAD CA$0.04
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.35x
Canada Market PE Ratio Median Figure of 555 Publicly-Listed Companies 14.94x

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

** Primary Listing of Volcanic Gold Mines.

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

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

= 0.04 ÷ -0.10

-0.41x

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

  • Volcanic Gold Mines is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Volcanic Gold Mines is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Volcanic Gold Mines's expected growth come at a high price?
Raw Data
TSXV:VG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.41x
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 0.65x
Canada Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.22x

*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 Volcanic Gold Mines, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Volcanic Gold Mines's assets?
Raw Data
TSXV:VG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.00
TSXV:VG Share Price * TSXV (2019-03-20) in CAD CA$0.04
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.46x
Canada Market PB Ratio Median Figure of 2,355 Publicly-Listed Companies 1.57x
TSXV:VG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.04 ÷ 0.00

14.73x

* Primary Listing of Volcanic Gold Mines.

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

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

VG Future Performance

 How is Volcanic Gold Mines 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 Volcanic Gold Mines 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
34.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Volcanic Gold Mines expected to grow at an attractive rate?
  • Unable to compare Volcanic Gold Mines's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Volcanic Gold Mines's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Volcanic Gold Mines's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:VG Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:VG 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:VG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -1 -4
2018-06-30 -2 -3
2018-03-31 -3 -4
2017-12-31 -4 -6
2017-09-30 -4 -5
2017-06-30 -3 -5
2017-03-31 -1 -3
2016-12-31 0 0
2016-09-30 0 0
2016-06-30 0 0
2016-03-31 0 0
2015-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Volcanic Gold Mines is high growth as no earnings estimate data is available.
  • Unable to determine if Volcanic Gold Mines 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:VG 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 Volcanic Gold Mines Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:VG Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.10
2018-06-30 -0.06
2018-03-31 -0.09
2017-12-31 -0.15
2017-09-30 -0.16
2017-06-30 -0.17
2017-03-31 -0.15
2016-12-31 -0.03
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.01

*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 Volcanic Gold Mines will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of VG’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.
  2. Volcanic Gold Mines'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. Volcanic Gold Mines'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 Volcanic Gold Mines'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.
Volcanic Gold Mines 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.

VG Past Performance

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

TSXV:VG 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 -4.45 1.36
2018-06-30 -2.95 1.79
2018-03-31 -4.33 3.29
2017-12-31 -6.40 5.32
2017-09-30 -5.43 5.16
2017-06-30 -4.64 4.51
2017-03-31 -2.86 2.71
2016-12-31 -0.43 0.42
2016-09-30 -0.15 0.15
2016-06-30 -0.11 0.09
2016-03-31 -0.12 0.10
2015-12-31 -0.12 0.10
2015-09-30 -0.78 0.09
2015-06-30 -0.80 0.10
2015-03-31 -0.80 0.11
2014-12-31 -0.81 0.12
2014-09-30 -0.10 0.12
2014-06-30 -0.10 0.11
2014-03-31 -0.12 0.12
2013-12-31 -0.17 0.12
2013-09-30 0.00 -0.25 0.14
2013-06-30 0.00 -0.23 0.13
2013-03-31 0.00 -0.21 0.13
2012-12-31 0.00 -0.45 0.22
2012-09-30 0.00 -0.40 0.23
2012-06-30 0.00 -2.28 0.27
2012-03-31 0.01 -2.66 0.35

*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 Volcanic Gold Mines has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Volcanic Gold Mines 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 Volcanic Gold Mines improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Volcanic Gold Mines'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.
Volcanic Gold Mines 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.

VG Health

 How is Volcanic Gold Mines'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 Volcanic Gold Mines's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Volcanic Gold Mines's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Volcanic Gold Mines has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Volcanic Gold Mines'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.
  • Low level of unsold assets.
  • Volcanic Gold Mines has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Volcanic Gold Mines Company Filings, last reported 5 months ago.

TSXV:VG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.04 0.00 0.19
2018-06-30 2.97 0.00 0.41
2018-03-31 3.39 0.00 0.81
2017-12-31 3.78 0.00 1.16
2017-09-30 4.46 0.00 1.72
2017-06-30 5.31 0.00 2.81
2017-03-31 7.11 0.00 5.06
2016-12-31 0.17 0.00 0.47
2016-09-30 0.18 0.00 0.36
2016-06-30 0.25 0.00 0.39
2016-03-31 0.27 0.00 0.40
2015-12-31 0.30 0.00 0.42
2015-09-30 0.33 0.00 0.42
2015-06-30 0.35 0.00 0.42
2015-03-31 0.39 0.00 0.44
2014-12-31 0.41 0.00 0.48
2014-09-30 1.11 0.00 0.48
2014-06-30 1.17 0.00 0.49
2014-03-31 1.20 0.00 0.53
2013-12-31 0.73 0.00 0.25
2013-09-30 0.72 0.53 0.79
2013-06-30 0.77 0.51 0.80
2013-03-31 0.83 0.50 0.80
2012-12-31 0.85 0.00 0.32
2012-09-30 0.81 0.00 0.23
2012-06-30 0.84 0.00 0.25
2012-03-31 0.88 0.00 0.40
  • Volcanic Gold Mines has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Volcanic Gold Mines's debt level has increased considering it has negative shareholder equity.
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.

  • Volcanic Gold Mines has less than a year of cash runway based on current free cash flow.
  • Volcanic Gold Mines has less than a year of cash runway if free cash flow continues to grow at historical rates of 79.8% each year.
X
Financial health checks
We assess Volcanic Gold Mines'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. Volcanic Gold Mines has a total score of 1/6, 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.

VG Dividends

 What is Volcanic Gold Mines'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 Volcanic Gold Mines dividends.
If you bought CA$2,000 of Volcanic Gold Mines 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 Volcanic Gold Mines's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Volcanic Gold Mines'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:VG 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 1.1%
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%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

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 Volcanic Gold Mines has not reported any payouts.
  • Unable to verify if Volcanic Gold Mines's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Volcanic Gold Mines's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Volcanic Gold Mines 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 Volcanic Gold Mines'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 Volcanic Gold Mines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Volcanic Gold Mines 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.

VG Management

 What is the CEO of Volcanic Gold Mines'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
Jeremy Crozier
COMPENSATION CA$207,454
TENURE AS CEO 1.6 years
CEO Bio

Mr. Jeremy Crozier has been the President of Volcanic Gold Mines Inc., since January 19, 2017 and its Chief Executive Officer since August 29, 2017. Mr. Crozier has over 20 years of exploration experience gained across a variety of project operations in North America, Africa (including Guinea) and Europe. He has extensive experience in the management of complex projects in remote environments, in discovery and resource definition, in the identification and appraisal of new projects and in the negotiation of transactions with property vendors and joint venture partners. He served as Vice-President of Project Services at Hunter Dickinson Services Inc. from 2005 to August 2015. He has been a Director of Volcanic Gold Mines Inc., since January 2017. He has been a Director of Rackla Metals Inc. since April 27, 2017. Mr. Crozier holds B.Sc. and M.Sc. degrees in geology.

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

Average tenure and age of the Volcanic Gold Mines management team in years:

1.6
Average Tenure
69
Average Age
  • The average tenure for the Volcanic Gold Mines management team is less than 2 years, this suggests a new team.
Management Team

Simon T. Ridgway

TITLE
Executive Chairman
COMPENSATION
CA$195K
AGE
69
TENURE
1.6 yrs

Jeremy Crozier

TITLE
President
COMPENSATION
CA$207K
TENURE
1.6 yrs

Kevin Bales

TITLE
Chief Financial Officer
COMPENSATION
CA$35K
AGE
51
TENURE
2 yrs

Jim Dawson

TITLE
Technical Advisor and Member of Advisory Board
AGE
77
Board of Directors Tenure

Average tenure and age of the Volcanic Gold Mines board of directors in years:

2.2
Average Tenure
66
Average Age
  • The average tenure for the Volcanic Gold Mines board of directors is less than 3 years, this suggests a new board.
Board of Directors

Simon T. Ridgway

TITLE
Executive Chairman
COMPENSATION
CA$195K
AGE
69
TENURE
1.6 yrs

Jeremy Crozier

TITLE
President
COMPENSATION
CA$207K
TENURE
2.2 yrs

Mike Iverson

TITLE
Director
AGE
66
TENURE
11.9 yrs

Jim Dawson

TITLE
Technical Advisor and Member of Advisory Board
AGE
77

Scott Ackerman

TITLE
Independent Director
AGE
51
TENURE
5.2 yrs

Bob Schafer

TITLE
Director
AGE
63
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Volcanic Gold Mines insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
02. Jan 19 Buy Simon T. Ridgway Individual 31. Dec 18 31. Dec 18 27,000 CA$0.02 CA$540
01. Jan 19 Buy Simon T. Ridgway Individual 27. Dec 18 27. Dec 18 96,000 CA$0.02 CA$1,920
20. Sep 18 Buy Simon T. Ridgway Individual 19. Sep 18 19. Sep 18 5,000 CA$0.09 CA$450
20. Jul 18 Buy Alexander Langer Individual 20. Jul 18 20. Jul 18 9,000 CA$0.14 CA$1,215
05. Jul 18 Buy Alexander Langer Individual 03. Jul 18 04. Jul 18 46,000 CA$0.14 CA$6,335
10. Jul 18 Buy Alexander Langer Individual 06. Jul 18 06. Jul 18 20,000 CA$0.14 CA$2,700
28. Jun 18 Buy Alexander Langer Individual 28. Jun 18 28. Jun 18 25,000 CA$0.15 CA$3,625
16. May 18 Buy Michael Iverson Individual 03. May 18 14. May 18 86,000 CA$0.14 CA$11,554
07. May 18 Buy Simon T. Ridgway Individual 03. May 18 04. May 18 45,000 CA$0.14 CA$6,142
X
Management checks
We assess Volcanic Gold Mines'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. Volcanic Gold Mines 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.

VG News

Simply Wall St News

Could The Volcanic Gold Mines Inc (CVE:VG) Ownership Structure Tell Us Something Useful?

Every investor in Volcanic Gold Mines Inc (CVE:VG) should be aware of the most powerful shareholder groups. … With a market capitalization of CA$1.8m, Volcanic Gold Mines is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Volcanic Gold Mines

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Why Volcanic Gold Mines Inc's (CVE:VG) Ownership Structure Is Important

Today, I will be analyzing Volcanic Gold Mines Inc’s (CVE:VG) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … View our latest analysis for Volcanic Gold Mines

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VG Company Info

Description

Volcanic Gold Mines Inc. engages in the identification, acquisition, exploration, development, and evaluation of mineral properties in Guinea. It holds 75% interests in the Mandiana project, a gold property that consist of two contiguous exploration permits covering an area of approximately 304 square kilometers located in eastern Guinea, as well as an option to acquire interests in the La Debo and Soubré gold properties covering an area of approximately 600 square kilometers located in Ivory Coast. The company was formerly known as Volcanic Metals Corp. and changed its name to Volcanic Gold Mines Inc. in January 2017. Volcanic Gold Mines Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Details
Name: Volcanic Gold Mines Inc.
VG
Exchange: TSXV
Founded: 2007
CA$1,835,461
45,886,538
Website: http://www.volgold.com
Address: Volcanic Gold Mines Inc.
200 Burrard Street,
Suite 650,
Vancouver,
British Columbia, V6C 3L6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV VG Common Shares TSX Venture Exchange CA CAD 17. Apr 2008
OTCPK VLMZ.F Common Shares Pink Sheets LLC US USD 17. Apr 2008
DB CKC1 Common Shares Deutsche Boerse AG DE EUR 17. Apr 2008
Number of employees
Current staff
Staff numbers
0
Volcanic Gold Mines employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:08
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2018/11/28
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.