TSXV:VRR

Stock Analysis Report

Executive Summary

VR Resources Ltd., a mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has VR Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VRR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.4%

VRR

3.5%

CA Metals and Mining

-1.5%

CA Market


1 Year Return

91.7%

VRR

6.8%

CA Metals and Mining

2.5%

CA Market

Return vs Industry: VRR exceeded the Canadian Metals and Mining industry which returned 6.8% over the past year.

Return vs Market: VRR exceeded the Canadian Market which returned 2.5% over the past year.


Shareholder returns

VRRIndustryMarket
7 Day-1.4%3.5%-1.5%
30 Day-14.8%5.0%-0.7%
90 Day-11.5%14.3%1.8%
1 Year91.7%91.7%7.5%6.8%5.7%2.5%
3 Yearn/a2.8%1.0%16.8%6.2%
5 Yearn/a29.1%25.4%32.0%12.8%

Price Volatility Vs. Market

How volatile is VR Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is VR Resources undervalued compared to its fair value and its price relative to the market?

2.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate VRR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate VRR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: VRR is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: VRR 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 VRR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VRR is overvalued based on its PB Ratio (2.4x) compared to the CA Metals and Mining industry average (1.6x).


Next Steps

Future Growth

How is VR Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.0%

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 VR 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

Past Performance

How has VR Resources performed over the past 5 years?

26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VRR is currently unprofitable.

Growing Profit Margin: VRR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VRR is unprofitable, but has reduced losses over the past 5 years at a rate of 26.2% per year.

Accelerating Growth: Unable to compare VRR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VRR 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: VRR has a negative Return on Equity (-11.36%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is VR Resources's financial position?


Financial Position Analysis

Short Term Liabilities: VRR's short term assets (CA$2.4M) exceed its short term liabilities (CA$89.7K).

Long Term Liabilities: VRR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: VRR is debt free.

Reducing Debt: VRR has not had any debt for past 5 years.


Balance Sheet

Inventory Level: VRR has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if VRR'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: VRR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: VRR has less than a year of cash runway if free cash flow continues to reduce at historical rates of -25% each year


Next Steps

Dividend

What is VR Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate VRR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VRR'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 VRR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VRR'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 VRR'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?

2.9yrs

Average board tenure


CEO

Mike Gunning (57yo)

2.9yrs

Tenure

CA$295,991

Compensation

Dr. Michael Hewitt Gunning, also known as Mike, B.Sc (Hons), M.Sc, Ph.D., serves as Chief Executive Officer of VR Resources Ltd. and has been its President since June 2010. Dr. Gunning serves as the Chief ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD223.00K) is above average for companies of similar size in the Canadian market ($USD154.48K).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Michael Gunning
CEO, President & Director2.9yrsCA$295.99k8.88% CA$1.9m
Darin Wagner
Chairman2.9yrsCA$52.00k1.95% CA$408.9k
Michael Thomson
Director4.8yrsCA$51.00k0.72% CA$151.3k
Craig Lindsay
Independent Director2.9yrsCA$39.00kno data

2.9yrs

Average Tenure

57yo

Average Age

Experienced Board: VRR's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VRR 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 18.1%.


Top Shareholders

Company Information

VR Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VR Resources Ltd.
  • Ticker: VRR
  • Exchange: TSXV
  • Founded: 2015
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$20.948m
  • Shares outstanding: 60.72m
  • Website: https://www.vrr.ca

Location

  • VR Resources Ltd.
  • 700 West Pender Street
  • Suite 1750
  • Vancouver
  • British Columbia
  • V6C 1G8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5VRDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2017
VRRTSXV (TSX Venture Exchange)YesCommon StockCACADMar 2017
VRRC.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 2017

Biography

VR Resources Ltd., a mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States. The company primarily explores for copper, silver, and gold deposits. Its core properties include the Bonita property that consists of 381 claims covering an area of approximately 3,186 hectares in Humboldt County, Nevada; the Junction property that comprises 149 claims covering an area of approximately 1,227 hectares in Humboldt County, Nevada; the New Boston property consists of 64 claims covering an area of approximately 543 hectares in Mineral County, Nevada; the Danbo property that consists of 21 claims covering an area of approximately 434 acres in Nye County, Nevada; and the Ranoke property consisting of 353 claims in one contiguous block covering 7,072 hectares in northern Ontario. The company was incorporated in 2015 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 02:09
End of Day Share Price2020/02/24 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.