DB:RR0

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Rockridge Resources

Executive Summary

Rockridge Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RR0's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

RR0

2.9%

DE Metals and Mining

2.2%

DE Market


1 Year Return

12.9%

RR0

32.5%

DE Metals and Mining

12.4%

DE Market

Return vs Industry: RR0 underperformed the German Metals and Mining industry which returned 32.5% over the past year.

Return vs Market: RR0 matched the German Market which returned 12.4% over the past year.


Shareholder returns

RR0IndustryMarket
7 Day0%2.9%2.2%
30 Day26.7%5.6%0.8%
90 Day74.0%26.4%18.1%
1 Year12.9%12.9%35.5%32.5%15.0%12.4%
3 Yearn/a-23.1%-28.5%8.5%-0.3%
5 Yearn/a0.3%-11.1%27.8%10.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RR0's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RR0's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RR0 is unprofitable, so we can't compare its PE Ratio to the XE Metals and Mining industry average.

PE vs Market: RR0 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 RR0's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RR0 is overvalued based on its PB Ratio (2.3x) compared to the DE Metals and Mining industry average (1.8x).


Next Steps

Future Growth

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

19.0%

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 Rockridge 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 Rockridge Resources performed over the past 5 years?

-81.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RR0 is currently unprofitable.

Growing Profit Margin: RR0 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RR0 is unprofitable, and losses have increased over the past 5 years at a rate of 81.4% per year.

Accelerating Growth: Unable to compare RR0's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RR0 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.6%).


Return on Equity

High ROE: RR0 has a negative Return on Equity (-36.29%), as it is currently unprofitable.


Next Steps

Financial Health

How is Rockridge Resources's financial position?


Financial Position Analysis

Short Term Liabilities: RR0's short term assets (CA$603.4K) exceed its short term liabilities (CA$31.7K).

Long Term Liabilities: RR0 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RR0 is debt free.

Reducing Debt: RR0 has not had any debt for past 5 years.


Balance Sheet


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: RR0 has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: RR0 is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RR0's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RR0'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 RR0's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RR0'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 RR0's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Grant Ewing (59 yo)

1.25yrs

Tenure

CA$20,000

Compensation

Mr. Grant David Ewing, P.Geo, serves as Chief Executive Officer at Rockridge Resources Ltd. since May 28, 2019. He was CEO, President and Director of New Energy Metals Corp. (formerly, Darien Resource Deve ...


CEO Compensation Analysis

Compensation vs Market: Grant's total compensation ($USD15.09K) is below average for companies of similar size in the German market ($USD466.47K).

Compensation vs Earnings: Insufficient data to compare Grant's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Grant Ewing
Chief Executive Officer1.25yrsCA$20.00k0.93%
CA$ 57.6k
Jordan Trimble
President4.75yrsCA$72.00k5.47%
CA$ 338.7k
Chantelle Collins
Chief Financial Officer1.5yrsCA$3.00kno data
Richard Kusmirski
VP of Exploration & Director3.92yrsCA$24.00k0.39%
CA$ 24.2k

1.5yrs

Average Tenure

59yo

Average Age

Experienced Management: RR0's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jordan Trimble
President4.75yrsCA$72.00k5.47%
CA$ 338.7k
Richard Kusmirski
VP of Exploration & Director3.92yrsCA$24.00k0.39%
CA$ 24.2k
James Pettit
Independent Director3.92yrsCA$30.00k0.29%
CA$ 18.2k
Donald Huston
Independent Director3.92yrsCA$18.00k0.20%
CA$ 12.1k
Joseph Gallucci
Independent Director1.5yrsCA$53.00k0.56%
CA$ 34.5k
Ron Netolitzky
Member of Technical Advisory Board1.58yrsno datano data

3.9yrs

Average Tenure

65.5yo

Average Age

Experienced Board: RR0's board of directors are considered experienced (3.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: RR0 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 substantially diluted in the past year, with total shares outstanding growing by 101%.


Top Shareholders

Company Information

Rockridge Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rockridge Resources Ltd.
  • Ticker: RR0
  • Exchange: DB
  • Founded: 2015
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$9.713m
  • Listing Market Cap: CA$6.194m
  • Shares outstanding: 51.12m
  • Website: https://www.rockridgeresourcesltd.com

Location

  • Rockridge Resources Ltd.
  • 777 Dunsmuir Street
  • Suite 1610
  • Vancouver
  • British Columbia
  • V7Y 1K4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROCKTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2017
RR0DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2017
RRRL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2017

Biography

Rockridge Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company’s flagship project is the Knife Lake Project, which hosts the Knife Lake Cu-Co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 04:33
End of Day Share Price2020/08/14 00:00
Earnings2020/04/30
Annual Earnings2019/07/31


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.