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ZincX Resources

TSXV:ZNX
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZNX
TSXV
CA$37M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

ZincX Resources Corp. explores for and evaluates mineral resource properties in Canada. The last earnings update was 38 days ago. More info.


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ZNX Share Price and Events
7 Day Returns
-4.3%
TSXV:ZNX
1.7%
CA Metals and Mining
-0%
CA Market
1 Year Returns
-31.3%
TSXV:ZNX
-3.9%
CA Metals and Mining
2.6%
CA Market
ZNX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ZincX Resources (ZNX) -4.3% 0% 10% -31.3% 91.3% -52.2%
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
  • ZNX underperformed the Metals and Mining industry which returned -3.9% over the past year.
  • ZNX underperformed the Market in Canada which returned 2.6% over the past year.
Price Volatility
ZNX
Industry
5yr Volatility vs Market

ZNX Value

 Is ZincX Resources 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 ZincX Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.22.
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 ZincX Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ZincX Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:ZNX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.01
TSXV:ZNX Share Price ** TSXV (2019-03-22) in CAD CA$0.22
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 ZincX Resources.

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

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

= 0.22 ÷ -0.01

-16.01x

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

  • ZincX Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • ZincX Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does ZincX Resources's expected growth come at a high price?
Raw Data
TSXV:ZNX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.01x
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 ZincX Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ZincX Resources's assets?
Raw Data
TSXV:ZNX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.46
TSXV:ZNX Share Price * TSXV (2019-03-22) in CAD CA$0.22
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:ZNX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.22 ÷ 0.46

0.48x

* Primary Listing of ZincX Resources.

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

  • ZincX Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess ZincX Resources'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. ZincX Resources has a total score of 1/6, 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.

ZNX Future Performance

 How is ZincX Resources 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 ZincX 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 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 ZincX Resources expected to grow at an attractive rate?
  • Unable to compare ZincX Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ZincX Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare ZincX Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:ZNX 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:ZNX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:ZNX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -2 -2
2018-09-30 -2 -2
2018-06-30 -2 -2
2018-03-31 -2 -1
2017-12-31 -2 -1
2017-09-30 -2 -1
2017-06-30 -2 -2
2017-03-31 -2 -3
2016-12-31 -2 -2
2016-09-30 -2 -4
2016-06-30 -1 -3
2016-03-31 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ZincX Resources is high growth as no earnings estimate data is available.
  • Unable to determine if ZincX Resources 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:ZNX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ZincX Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ZNX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.02

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

Next steps:

  1. Examine ZincX Resources'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. ZincX Resources'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. ZincX Resources'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
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Future performance checks
We assess ZincX Resources'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.
ZincX Resources 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.

ZNX Past Performance

  How has ZincX Resources 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 ZincX Resources'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.
  • ZincX Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare ZincX Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ZincX Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
ZincX Resources'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 ZincX Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ZNX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -2.29 2.51
2018-09-30 -2.41 2.63
2018-06-30 -1.82 2.27
2018-03-31 -1.21 2.17
2017-12-31 -1.02 1.96
2017-09-30 -1.16 2.08
2017-06-30 -2.03 2.60
2017-03-31 -2.59 2.50
2016-12-31 -2.48 2.39
2016-09-30 -3.78 2.06
2016-06-30 -2.97 1.41
2016-03-31 -3.32 2.18
2015-12-31 -3.26 2.16
2015-09-30 -1.65 2.23
2015-06-30 -1.92 2.46
2015-03-31 -2.10 1.98
2014-12-31 -2.26 2.02
2014-09-30 -2.70 2.53
2014-06-30 -2.32 2.33
2014-03-31 -2.01 2.08
2013-12-31 -1.99 2.03
2013-09-30 -1.57 1.52
2013-06-30 -1.86 1.51
2013-03-31 -1.73 1.64
2012-12-31 -1.59 1.66
2012-09-30 -1.68 1.67
2012-06-30 -1.59 1.69
2012-03-31 -2.47 1.78

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

ZNX Health

 How is ZincX Resources'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 ZincX Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ZincX Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ZincX Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ZincX Resources'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.
  • ZincX Resources 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 ZincX Resources Company Filings, last reported 2 months ago.

TSXV:ZNX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 77.08 0.00 4.11
2018-09-30 76.49 0.00 3.63
2018-06-30 76.84 0.00 5.21
2018-03-31 77.59 0.00 6.31
2017-12-31 78.09 0.00 6.82
2017-09-30 77.61 0.00 5.81
2017-06-30 77.76 0.00 8.59
2017-03-31 76.21 0.00 7.31
2016-12-31 76.62 0.00 7.86
2016-09-30 74.81 0.00 5.86
2016-06-30 75.37 0.00 6.66
2016-03-31 75.81 0.00 6.94
2015-12-31 76.17 0.00 7.33
2015-09-30 76.54 0.00 8.17
2015-06-30 76.78 0.00 10.13
2015-03-31 76.88 0.00 10.24
2014-12-31 77.28 0.00 10.66
2014-09-30 76.99 0.00 10.51
2014-06-30 76.51 0.00 10.81
2014-03-31 77.49 0.00 12.75
2013-12-31 76.70 0.00 11.38
2013-09-30 76.49 0.00 12.36
2013-06-30 76.47 0.00 14.11
2013-03-31 77.45 0.00 14.96
2012-12-31 77.94 0.00 15.75
2012-09-30 76.20 0.00 13.93
2012-06-30 76.56 0.00 15.16
2012-03-31 73.17 0.00 16.14
  • ZincX Resources has no debt.
  • ZincX Resources has not taken on any debt in the past 5 years.
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.

  • ZincX Resources has less than a year of cash runway based on current free cash flow.
  • ZincX Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.1% each year.
X
Financial health checks
We assess ZincX Resources'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. ZincX Resources 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.

ZNX Dividends

 What is ZincX Resources'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 ZincX Resources dividends.
If you bought CA$2,000 of ZincX Resources 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 ZincX Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ZincX Resources'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:ZNX 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 ZincX Resources has not reported any payouts.
  • Unable to verify if ZincX Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ZincX Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ZincX Resources 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 ZincX Resources'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 ZincX Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ZincX Resources 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.

ZNX Management

 What is the CEO of ZincX Resources'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
Peeyush Varshney
COMPENSATION CA$162,028
AGE 51
TENURE AS CEO 13.5 years
CEO Bio

Mr. Peeyush Kumar Varshney, LLM, LL.B., B.Comm., has been the Chief Executive Officer and President of Hastings Resources Corp., since May 2008. Mr. Varshney has been the Chairman and Chief Executive Officer of Canada Zinc Metals Corp. since September 2005 and also has been its President since October 9, 2009. He has been Co-Partner and Principal of Varshney Capital Corp. since 1995 and also serves as its Director. He served as the President and Chief Executive Officer of Trigen Resources Inc. since May 23, 2008 until January 5, 2017. He served as the Chief Executive Officer and President of MVS Capital Corp. He served as a Secretary of Camphor Ventures Inc., since March 1, 2002. He served as the President of Canada ZInc. Metals Corp. since November 2004 until June 30, 2007. He served as the Chief Executive Officer and President of BetterU Education Corp. and Open Gold Corp from August 1, 2009 to May 17, 2012. He served as a Secretary of Carmanah Technologies Corporation from January 31, 2000 to May 2007. He served as the Chief Executive Officer of CY Oriental Holdings Ltd., from February 3, 2006 to February 21, 2007 and served as its President. Mr. Varshney served as the Corporate Secretary at Quantitative Alpha Trading Inc. since September 2003 and served as its President. He served as the Chief Executive Officer and President of E3 Metals Corp. (Savannah Gold Corp.) since July 2007 until October 11, 2011. He served as the President of Bassett Ventures Inc. (Former Name: AssistGlobal Technologies Corp) and a Corporate Secretary since September 2003. He served as Secretary of NCU Holdings Inc. (also known as American Nevada Gold Corp. and Northern Canadian Minerals Inc.) since April 2007 and served as its Chief Financial Officer. He was responsible for the overall management of its corporate records, filings and continuous disclosure with the regulatory bodies. He served as Principal of Varshney Chowdhry Group of Companies from August, 1996 to December, 1999, Chief Executive Officer, Chief Financial Officer and President of Carmanah Technologies Corp. from March 26, 1996 to January 30, 2000, Secretary of IGN Internet Global Network Inc. since September 2003 and its Treasurer from August 1996 to May 1997. Mr. Varshney served as the Chief Executive Officer and President of Carlin Gold Corp. He served as an Associate Lawyer of Campney & Murphy, Barristers and Solicitors, from September 1994 to July 1996 and was as Articled Student, Farris, Vaughan, Wills & Murphy, Barristers and Solicitors from September 1993 to August 1994. Mr. Varshney was in public practice from 1987 to 1991 with KPMG and with Varshney Chowdhry & Co. from 1991 to 1995. He served as Treasurer of Assistglobal Technologies Corp. from August 1996 to May 1997. He has been a Director of E3 Metals Corp. (Savannah Gold Corp.) since May 18, 2017. He has been an Independent Director of Mountain Province Diamonds Inc. since April 13, 2007, Canada Zinc Metals Corp. since October 2004, Open Gold Corp since August 1, 2009. He has been Director of Hastings Resources Corp. since May 31, 2002, Cornerstone Industries International Inc. since June 2, 2004. Mr. Varshney serves as a Director of The Varshney Family Charitable Foundation and Assistglobal Technologies Corp. He serves as a Director of Varshney Capital Corp. He serves as a Director and/or Executive Officer of various publicly traded companies. He serves as Director at Steamsand Capital Corp. He has been a Director of NCU Holdings Inc. since August 1, 2002. He serves as a Member of the Business Families Center Advisory Board at the Sauder School of Business. He served as a Director of Broome Capital Inc., since March 9, 2012 until July 26, 2016. He served as a Director of E3 Metals Corp. (Savannah Gold Corp.) from July 3, 2007 to January 2017. He served as a Director of Margaret Lake Diamonds Inc. since June 20, 2011 until June 23, 2017. He served as Director of Trigen Resources Inc. since May 31, 2002 until January 5, 2017. He served as Director of Westbay Ventures Inc. since November 3, 1998 until January 5, 2017. He served as a Director at BlissCo Cannabis Corp. He served as a Director of BetterU Education Corp. since August 2009 until March 2017. He served as a Director at MVE Capital Corp., since February 27, 2007, Quantitative Alpha Trading Inc. from May 1997 to September 2003, Avigo Resources Corp. from June 25, 2004 to October 2008, RTN Stealth Software Inc. from May 1997 to September 2003, IGN Internet Global Network Inc. from May 1997 to September 2003, Carmanah Technologies Corp. from March 26, 1996 to June 12, 2002, Carlin Gold Corporation since May 02, 2001, JER Envirotech International Corp. from May 15, 2000 to December 2009. He served as a Director of BBC Capital Management Inc. He served as a Director of Newlook Industries Corp. He served as a Director of Minaean SP Construction Corp. since March 25, 1999 until August 31, 2015. He is a Barrister and Solicitor and has been a Member of the Law Society of British Columbia since September 1994. Mr. Varshney graduated from the University of British Columbia with a Bachelor of Commerce Degree in Finance in 1989 and Bachelor of Laws in 1993.

CEO Compensation
  • Peeyush's compensation has been consistent with company performance over the past year.
  • Peeyush's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the ZincX Resources management team in years:

8.3
Average Tenure
51.5
Average Age
  • The average tenure for the ZincX Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peeyush Varshney

TITLE
Chairman
COMPENSATION
CA$162K
AGE
51
TENURE
13.5 yrs

Praveen Varshney

TITLE
CFO & Director
COMPENSATION
CA$162K
AGE
52

Ken MacDonald

TITLE
Vice President Exploration
AGE
68
TENURE
8.3 yrs

Debbie Lew

TITLE
Secretary
AGE
38

Ken MacDonald

TITLE
Vice President of Exploration
TENURE
8.3 yrs

Robert Sim

TITLE
Independent Consultant
Board of Directors Tenure

Average tenure and age of the ZincX Resources board of directors in years:

11.3
Average Tenure
57
Average Age
  • The average tenure for the ZincX Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peeyush Varshney

TITLE
Chairman
COMPENSATION
CA$162K
AGE
51
TENURE
13.5 yrs

Praveen Varshney

TITLE
CFO & Director
COMPENSATION
CA$162K
AGE
52
TENURE
8.5 yrs

Marco Strub

TITLE
Independent Director
COMPENSATION
CA$25K
AGE
62
TENURE
14.3 yrs

John Thomas

TITLE
Independent Director
COMPENSATION
CA$10K
AGE
71
TENURE
11.3 yrs

Hu Xinfu

TITLE
Independent Director
TENURE
0.3 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$) Value (CA$)
13. Dec 18 Buy Peeyush Varshney Individual 12. Dec 18 12. Dec 18 3,000 CA$0.20 CA$600
20. Aug 18 Buy Peeyush Varshney Individual 20. Aug 18 20. Aug 18 20,000 CA$0.35 CA$6,875
05. Jul 18 Buy Peeyush Varshney Individual 03. Jul 18 03. Jul 18 40,000 CA$0.33 CA$13,000
X
Management checks
We assess ZincX Resources'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. ZincX Resources 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.

ZNX News

Simply Wall St News

Should You Worry About ZincX Resources Corp's (CVE:ZNX) CEO Pay Check?

Peeyush Varshney is the CEO of ZincX Resources Corp (CVE:ZNX), which has recently grown to a market capitalization of CA$53.17m. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.

Simply Wall St -

ZNX Company Info

Description

ZincX Resources Corp. explores for and evaluates mineral resource properties in Canada. The company explores for zinc, lead, and silver deposits. It holds 100% interests in the Akie property that consists of 46 mineral claims covering approximately 116 square kilometers; and the Kechika Regional project covering 184 mineral claims covering an approximately 682 square kilometers located in British Columbia. The company was formerly known as Canada Zinc Metals Corp. and changed its name to ZincX Resources Corp. in May 2018. ZincX Resources Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.

Details
Name: ZincX Resources Corp.
ZNX
Exchange: TSXV
Founded: 1988
CA$37,250,262
169,319,375
Website: http://www.zincxresources.com
Address: ZincX Resources Corp.
Royal Centre,
Suite 2050,
Vancouver,
British Columbia, V6E 3P3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ZNX Common Shares TSX Venture Exchange CA CAD 23. Aug 1989
OTCPK CZXM.F Common Shares Pink Sheets LLC US USD 23. Aug 1989
DB M9R Common Shares Deutsche Boerse AG DE EUR 23. Aug 1989
Number of employees
Current staff
Staff numbers
0
ZincX Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 00:10
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.