Stock Analysis Report

Oceanus Resources

Executive Summary

Oceanus Resources Corporation engages in the exploration of mineral properties in Mexico.


Earnings have grown 7.3% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (€11M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

+ 1 more risk

Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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

Latest Share Price and Events

Stable Share Price: 1OC's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




DE Metals and Mining


DE Market

1 Year Return




DE Metals and Mining


DE Market

Return vs Industry: 1OC underperformed the German Metals and Mining industry which returned -13.5% over the past year.

Return vs Market: 1OC underperformed the German Market which returned 15% over the past year.

Shareholder returns

7 Day-5.9%1.2%1.7%
30 Day19.4%-4.9%0.8%
90 Day2.6%-8.7%3.7%
1 Year-34.4%-34.4%-12.6%-13.5%18.5%15.0%
3 Year-71.6%-71.6%-42.3%-44.0%17.1%6.9%
5 Yearn/a-39.2%-42.3%24.3%7.3%

Price Volatility Vs. Market

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

Simply Wall St News

No news available


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


Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1OC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1OC's fair value to establish if it is undervalued.

Price To Earnings Ratio

PE vs Industry: 1OC is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: 1OC is unprofitable, so we can't compare its PE Ratio to the German market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1OC's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 1OC is good value based on its PB Ratio (0.7x) compared to the DE Metals and Mining industry average (4.2x).

Next Steps

Future Growth

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


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 Oceanus 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 Oceanus Resources performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1OC is currently unprofitable.

Growing Profit Margin: 1OC is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 1OC is unprofitable, but has reduced losses over the past 5 years at a rate of 7.3% per year.

Accelerating Growth: Unable to compare 1OC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1OC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13%).

Return on Equity

High ROE: 1OC has a negative Return on Equity (-5.53%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

Next Steps

Financial Health

How is Oceanus Resources's financial position?

Financial Position Analysis

Short Term Liabilities: 1OC's short term assets (CA$197.7K) do not cover its short term liabilities (CA$2.6M).

Long Term Liabilities: 1OC has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: 1OC is debt free.

Reducing Debt: 1OC had no debt 5 years ago.

Balance Sheet

Inventory Level: 1OC has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1OC'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: 1OC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 1OC has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1.1% each year

Next Steps


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

Dividend Yield vs Market


Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 1OC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1OC'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 1OC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1OC'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 1OC's dividend in 3 years as they are not forecast to pay a notable one for the German market.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Glenn Jessome (55yo)





Mr. Glenn R. Jessome, J.D., MBA, is the Corporate Secretary of ViveRE Communities Inc. since September 14, 2018. He served as Corporate Secretary at Nova Leap Health Corp. until March 31, 2019. Mr. Jessome ...

Board Members

Glenn Jessome
President5.4yrsCA$315.21k4.54% CA$360.2k
Glenn Holmes
Secretary9.7yrsCA$129.00k1.41% CA$111.6k
Keith Abriel
Chairman of the Board of Directors2.1yrsno data0.24% CA$19.2k
Wade Anderson
Independent Director2.1yrsno data1.48% CA$117.6k
Richard Gordon
Independent Director9.7yrsno data1.34% CA$106.3k
Kevin Lindsey
Independent Director6.4yrsno data0.84% CA$66.5k
Michael Theodore Anaka
Independent Director2.4yrsno datano data


Average Tenure


Average Age

Experienced Board: 1OC's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

Insider Trading Volume

Insider Buying: 1OC 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 6.9%.

Top Shareholders

Company Information

Oceanus Resources Corporation's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Oceanus Resources Corporation
  • Ticker: 1OC
  • Exchange: BST
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$11.394m
  • Listing Market Cap: CA$7.930m
  • Shares outstanding: 162.77m
  • Website:

Number of Employees


  • Oceanus Resources Corporation
  • Purdy's Tower Two
  • Suite 2108
  • Halifax
  • Nova Scotia
  • B3J 3R7
  • Canada


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OCNTSXV (TSX Venture Exchange)YesCommon StockCACADDec 2010
OCNS.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2010
1OCBST (Boerse-Stuttgart)YesCommon StockDEEURDec 2010


Oceanus Resources Corporation engages in the exploration of mineral properties in Mexico. The company explores for gold, silver, copper, zinc, lead, and base metals. It holds a 100% interest in the El Tigre property that covers an area of 26,307 hectares located in Sonora, Mexico. The company was incorporated in 2010 and is headquartered in Halifax, Canada. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 22:48
End of Day Share Price2020/02/14 00:00
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.