White Metal Resources Corp., a development stage Company, engages in the acquisition, exploration, and development of mining properties in Canada.
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Adequate balance sheet and overvalued.
Share Price & News
How has White Metal Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CGK1'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: CGK1 exceeded the German Metals and Mining industry which returned -25.8% over the past year.
Return vs Market: CGK1 underperformed the German Market which returned 8.3% over the past year.
Price Volatility Vs. Market
How volatile is White Metal Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is White Metal 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 CGK1's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CGK1's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CGK1 is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: CGK1 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 CGK1's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CGK1 is good value based on its PB Ratio (1.9x) compared to the DE Metals and Mining industry average (4x).
How is White Metal 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 White Metal 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.
- Examine White Metal 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.
- White Metal Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has White Metal Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CGK1 is currently unprofitable.
Growing Profit Margin: CGK1 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CGK1 is unprofitable, and losses have increased over the past 5 years at a rate of -31.6% per year.
Accelerating Growth: Unable to compare CGK1's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CGK1 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.4%).
Return on Equity
High ROE: CGK1 has a negative Return on Equity (-62.89%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is White Metal Resources's financial position?
Financial Position Analysis
Short Term Liabilities: CGK1's short term assets (CA$670.5K) exceed its short term liabilities (CA$65.2K).
Long Term Liabilities: CGK1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: CGK1 is debt free.
Reducing Debt: CGK1 has not had any debt for past 5 years.
Inventory Level: CGK1 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CGK1'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: CGK1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CGK1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -37.8% each year
What is White Metal Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CGK1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CGK1'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 CGK1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CGK1'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 CGK1'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
Mick Stares (53yo)
Mr. Michael R. Stares, also known as Mick, serves as President & Chief Executive Officer since May 2019 and also serves as Projects Manager at White Metal Resources Corp. He served as an Advisor of Alset E ...
CEO Compensation Analysis
Compensation vs Market: Mick's total compensation ($USD51.23K) is below average for companies of similar size in the German market ($USD414.81K).
Compensation vs Earnings: Mick's compensation has increased whilst the company is unprofitable.
|Director||2yrs||no data||0.10% CA$2.1k|
|Chairman of the Board||0yrs||no data||5.03% CA$102.0k|
|VP of Exploration & Director||4.7yrs||no data||no data|
|Independent Director||5.7yrs||no data||0.45% CA$9.2k|
Experienced Board: CGK1's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CGK1 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 39.8%.
White Metal Resources Corp.'s company bio, employee growth, exchange listings and data sources
- Name: White Metal Resources Corp.
- Ticker: CGK1
- Exchange: DB
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$2.918m
- Listing Market Cap: CA$2.025m
- Shares outstanding: 72.94m
- Website: https://www.whitemetalres.com
- White Metal Resources Corp.
- 684 Squier Street
- Thunder Bay
- P7B 4A8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WHM||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jun 2014|
|TNML.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jun 2014|
|CGK1||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 2014|
White Metal Resources Corp., a development stage Company, engages in the acquisition, exploration, and development of mining properties in Canada. The company holds 100% interests in the Shebandowan project comprising the Vanguard property with 99 boundary and single cell mining claims covering an area of 2,107 hectares (ha); and the Shebandowan gold property with 12 staked claims covering an area of 2,185 ha located in the Shebandowan greenstone belt, Northwestern Ontario. It also holds interests in the Pickle Lake properties with 4 claims packages located in the Pickle Lake area, Ontario; and 100% interests in the Far Lake property with 84 single cell mining claims covering an area of 1,785 ha located to the northwest of Thunder Bay, Ontario, as well as holds the right to acquire a 100% interest in the Gunners Cove property with 654 claim units covering an area of 59,402 ha located to the north of St. Anthony, Newfoundland and Labrador. The company is based in Thunder Bay, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 23:57|
|End of Day Share Price||2020/02/24 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.