Share Price & News
How has Mirasol Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: M8R'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: M8R exceeded the German Metals and Mining industry which returned -38% over the past year.
Return vs Market: M8R underperformed the German Market which returned -2.6% over the past year.
Price Volatility Vs. Market
How volatile is Mirasol Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Mirasol 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 M8R's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate M8R's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: M8R is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: M8R 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 M8R's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: M8R is good value based on its PB Ratio (1x) compared to the DE Metals and Mining industry average (3.9x).
How is Mirasol 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 Mirasol 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 Mirasol 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.
- Mirasol 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 Mirasol Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: M8R is currently unprofitable.
Growing Profit Margin: M8R is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: M8R is unprofitable, but has reduced losses over the past 5 years at a rate of 6.3% per year.
Accelerating Growth: Unable to compare M8R's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: M8R is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-0.06%).
Return on Equity
High ROE: M8R has a negative Return on Equity (-40.55%), as it is currently unprofitable.
How is Mirasol Resources's financial position?
Financial Position Analysis
Short Term Liabilities: M8R's short term assets (CA$18.1M) exceed its short term liabilities (CA$450.2K).
Long Term Liabilities: M8R's short term assets (CA$18.1M) exceed its long term liabilities (CA$232.8K).
Debt to Equity History and Analysis
Debt Level: M8R is debt free.
Reducing Debt: M8R has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: M8R has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: M8R has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 17.6% each year.
What is Mirasol Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate M8R's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate M8R's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if M8R's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if M8R's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of M8R's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Norm Pitcher (63yo)
Mr. Norman S. Pitcher, also known as Norm, P. Geo, has been Chief Executive Officer and President at Mirasol Resources Ltd. since February 1, 2019 and as its Director since March 2019. He serves as an Inde ...
CEO Compensation Analysis
Compensation vs Market: Norm's total compensation ($USD406.57K) is about average for companies of similar size in the German market ($USD427.16K).
Compensation vs Earnings: Insufficient data to compare Norm's compensation with company performance.
|Executive Chairman||5.25yrs||CA$208.39k||0.31% CA$46.2k|
|Chief Financial Officer||1.83yrs||CA$103.76k||no data|
|Vice President of Corporate Development||1.83yrs||CA$202.29k||0.41% CA$61.2k|
|Co-Founder & Consultant||no data||CA$669.67k||no data|
|Corporate Secretary||no data||no data||0.20% CA$30.1k|
|Consultant||4.17yrs||no data||no data|
|Business Development Consultant of Chile||no data||CA$202.75k||no data|
Experienced Management: M8R's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|Executive Chairman||5.25yrs||CA$208.39k||0.31% CA$46.2k|
|Independent Director||15.25yrs||CA$25.20k||0.29% CA$42.4k|
|Independent Director||5.25yrs||no data||23.12% CA$3.4m|
|Independent Director||3.75yrs||CA$25.20k||0.055% CA$8.2k|
|Independent Director||1.17yrs||CA$8.40k||no data|
|Member of Advisory Board||13.83yrs||no data||no data|
Experienced Board: M8R's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: M8R insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mirasol Resources Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Mirasol Resources Ltd.
- Ticker: M8R
- Exchange: DB
- Founded: 2003
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$22.472m
- Listing Market Cap: CA$14.817m
- Shares outstanding: 54.15m
- Website: https://www.mirasolresources.com
- Mirasol Resources Ltd.
- 355 Burrard Street
- Suite 1150
- British Columbia
- V6C 2G8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MRZ||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||May 2005|
|M8R||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||May 2005|
|MRZL.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||May 2005|
|0V7B||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||May 2005|
Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. It explores for gold, silver, and copper deposits. The company holds 100% interests in the Gorbea gold project located in Northern Chile; and Los Amarillos gold-silver project located in Northern Chile. It also holds 100% interests in the Altazor gold project located in Northern Chile; and the Zeus gold project located in Northern Chile. In addition, the company owns 100% interests in the Claudia, Virginia, La Curva, Santa Rita, Sascha, and other projects located in the Santa Cruz province of Argentina. Further, it holds an option to acquire the Inca gold project in Northern Chile. Mirasol Resources Ltd. was founded in 2003 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/27 03:43|
|End of Day Share Price||2020/05/26 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.