Minnova Corp. acquires and explores for mineral properties.
+ 1 more risk
Imperfect balance sheet and overvalued.
Share Price & News
How has Minnova's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2J1A's share price has been volatile over the past 3 months.
7 Day Return
DE Metals and Mining
1 Year Return
DE Metals and Mining
Return vs Industry: 2J1A underperformed the German Metals and Mining industry which returned -51.9% over the past year.
Return vs Market: 2J1A underperformed the German Market which returned -17.5% over the past year.
Price Volatility Vs. Market
How volatile is Minnova's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Minnova 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 2J1A's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 2J1A's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 2J1A is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: 2J1A 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 2J1A's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2J1A is good value based on its PB Ratio (0.2x) compared to the DE Metals and Mining industry average (2x).
How is Minnova 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 Minnova 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.
- Take a look at our analysis of 2J1A’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.
- Minnova competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Minnova performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2J1A is currently unprofitable.
Growing Profit Margin: 2J1A is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2J1A is unprofitable, but has reduced losses over the past 5 years at a rate of 15.2% per year.
Accelerating Growth: Unable to compare 2J1A's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2J1A 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: 2J1A has a negative Return on Equity (-2.95%), as it is currently unprofitable.
How is Minnova's financial position?
Financial Position Analysis
Short Term Liabilities: 2J1A's short term assets (CA$121.0K) do not cover its short term liabilities (CA$1.9M).
Long Term Liabilities: 2J1A's short term assets (CA$121.0K) do not cover its long term liabilities (CA$3.1M).
Debt to Equity History and Analysis
Debt Level: 2J1A is debt free.
Reducing Debt: 2J1A has no debt compared to 5 years ago when its debt to equity ratio was 18.4%.
Inventory Level: 2J1A has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 2J1A'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: 2J1A has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2J1A has less than a year of cash runway if free cash flow continues to reduce at historical rates of -15.7% each year
What is Minnova's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2J1A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 2J1A'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 2J1A's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2J1A'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 2J1A's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Gord Glenn (54yo)
Mr. Gorden Glenn, also known as Gord, serves as President, Chief Executive Officer and Director of Minnova Corp. since May 2012. Mr. Glenn serves as the Chairman of the Board, President and Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: Gord's total compensation ($USD179.06K) is below average for companies of similar size in the German market ($USD432.27K).
Compensation vs Earnings: Gord's compensation has been consistent with company performance over the past year.
|Interim CFO||11.17yrs||CA$12.00k||0.20% CA$3.3k|
|Independent Director||10.42yrs||CA$12.00k||0.95% CA$16.0k|
|Independent Director||9.92yrs||CA$12.00k||3.42% CA$57.5k|
Experienced Board: 2J1A's board of directors are seasoned and experienced ( 10.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 2J1A insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.
Minnova Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Minnova Corp.
- Ticker: 2J1A
- Exchange: BST
- Founded: 1994
- Industry: Gold
- Sector: Materials
- Market Cap: CA$2.625m
- Listing Market Cap: CA$1.682m
- Shares outstanding: 32.81m
- Website: https://www.minnovacorp.ca
- Minnova Corp.
- 217 Queen Street West
- Suite 401
- M5V 0R2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MCI||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Nov 2010|
|AGRD.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 2010|
|2J1A||BST (Boerse-Stuttgart)||Yes||Common Shares||DE||EUR||Nov 2010|
Minnova Corp. acquires and explores for mineral properties. It holds interests in the PL Gold mine, Nokomis property, and La Esperanza Property in Peru. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014. Minnova Corp. was incorporated in 1994 and is based in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 23:13|
|End of Day Share Price||2020/03/27 00:00|
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.