2LF Stock Overview
Greenland Resources Inc., a mining company, engages in the acquisition, exploration, and development of mineral projects in Greenland.
Greenland Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||€0.45|
|52 Week High||€0.73|
|52 Week Low||€0.26|
|1 Month Change||0.90%|
|3 Month Change||17.28%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-11.31%|
Recent News & Updates
|2LF||DE Metals and Mining||DE Market|
Return vs Industry: Insufficient data to determine how 2LF performed against the German Metals and Mining industry.
Return vs Market: Insufficient data to determine how 2LF performed against the German Market.
|2LF Average Weekly Movement||9.1%|
|Metals and Mining Industry Average Movement||9.0%|
|Market Average Movement||5.6%|
|10% most volatile stocks in DE Market||9.9%|
|10% least volatile stocks in DE Market||2.9%|
Stable Share Price: 2LF is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: 2LF's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of German stocks.
About the Company
Greenland Resources Inc., a mining company, engages in the acquisition, exploration, and development of mineral projects in Greenland. Its flagship project is the 100% owned Malmbjerg molybdenum project that covers an area of 82 square kilometer located in eastern Greenland. The company was formerly known as Primera Bioscience Research Inc. and changed its name to Greenland Resources Inc. in June 2014.
Greenland Resources Fundamentals Summary
|2LF fundamental statistics|
Is 2LF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2LF income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.08|
|Net Profit Margin||0.00%|
How did 2LF perform over the long term?See historical performance and comparison
Is 2LF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2LF?
Other financial metrics that can be useful for relative valuation.
|What is 2LF's n/a Ratio?|
Price to Book Ratio vs Peers
How does 2LF's PB Ratio compare to its peers?
|2LF PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
PNX Pasinex Resources
02P Pearl Gold
2LF Greenland Resources
Price-To-Book vs Peers: 2LF is expensive based on its Price-To-Book Ratio (37.1x) compared to the peer average (1.8x).
Price to Earnings Ratio vs Industry
How does 2LF's PE Ratio compare vs other companies in the European Metals and Mining Industry?
Price-To-Book vs Industry: 2LF is expensive based on its Price-To-Book Ratio (37.1x) compared to the European Metals and Mining industry average (1.1x)
Price to Book Ratio vs Fair Ratio
What is 2LF's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||37.1x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate 2LF's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2LF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate 2LF's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate 2LF's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Greenland Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Greenland 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.
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- Examine Greenland 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.
- Greenland Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Greenland Resources performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2LF is currently unprofitable.
Growing Profit Margin: 2LF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2LF is unprofitable, and losses have increased over the past 5 years at a rate of 50% per year.
Accelerating Growth: Unable to compare 2LF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2LF is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (60.4%).
Return on Equity
High ROE: 2LF has a negative Return on Equity (-500.28%), as it is currently unprofitable.
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How is Greenland Resources's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: 2LF's short term assets (CA$1.8M) exceed its short term liabilities (CA$264.1K).
Long Term Liabilities: 2LF has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 2LF is debt free.
Reducing Debt: 2LF has not had any debt for 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.
Stable Cash Runway: 2LF has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2LF has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.8% each year
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What is Greenland Resources's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Greenland Resources Dividend Yield vs Market|
|Company (Greenland Resources)||n/a|
|Market Bottom 25% (DE)||1.7%|
|Market Top 25% (DE)||5.4%|
|Industry Average (Metals and Mining)||10.7%|
|Analyst forecast in 3 Years (Greenland Resources)||n/a|
Notable Dividend: Unable to evaluate 2LF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2LF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2LF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2LF's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 2LF has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dr. Robert Shiffman, BBA, MBA, PhD. served as a Director at Greenhawk Resources Inc. (Formally known as Cryptologic Corp.) from May 28, 2021 to December 8, 2021. He serves as Founder and Executive Chairman...
CEO Compensation Analysis
|Robert Shiffman's Compensation vs Greenland Resources Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||CA$175k||CA$175k|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||CA$187k||CA$67k|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||CA$178k||CA$178k|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||CA$55k||CA$55k|
Compensation vs Market: Insufficient data to establish whether Robert's total compensation is reasonable compared to companies of similar size in the German market.
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Experienced Board: 2LF's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 2LF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|23 Aug 22||Buy€14,988||Leonard Asper||Individual||33,000||€0.45|
|22 Jun 22||Buy€16,696||Keith Minty||Individual||44,000||€0.38|
|16 May 22||Buy€88,252||Robert Shiffman||Individual||172,000||€0.54|
|09 May 22||Buy€17,311||Leonard Asper||Individual||30,000||€0.59|
|28 Apr 22||Buy€14,667||James Steel||Individual||35,000||€0.63|
|27 Apr 22||Buy€22,309||Keith Minty||Individual||39,000||€0.57|
|25 Feb 22||Buy€37,703||Keith Minty||Individual||132,000||€0.29|
|25 Feb 22||Buy€151,383||Robert Shiffman||Individual||530,000||€0.29|
|20 Dec 21||Buy€34,047||Keith Minty||Individual||106,000||€0.32|
|12 Nov 21||Buy€30,257||Robert Shiffman||Individual||64,000||€0.47|
|25 Oct 21||Buy€22,514||Robert Shiffman||Individual||49,000||€0.46|
|01 Oct 21||Buy€51,178||Robert Shiffman||Individual||160,000||€0.32|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: 2LF only recently listed within the past 12 months.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Greenland Resources Inc.'s employee growth, exchange listings and data sources
- Name: Greenland Resources Inc.
- Ticker: 2LF
- Exchange: DB
- Founded: 2008
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: €44.279m
- Shares outstanding: 98.84m
- Website: https://www.greenlandresources.ca
- Greenland Resources Inc.
- 25 York Street
- Suite 1810
- M5J 2V5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2LF||DB (Deutsche Boerse AG)||Yes||New Common Shares||DE||EUR||Oct 2021|
|GRLR.F||OTCPK (Pink Sheets LLC)||Yes||New Common Shares||US||USD||Oct 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 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.