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CORA

Cora GoldAIM:CORA Stock Report

Market Cap

UK£35.8m

7D

-3.3%

1Y

56.8%

Updated

26 Sep, 2021

Data

Company Financials +
CORA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CORA Overview

Cora Gold Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in West Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Cora Gold
Historical stock prices
Current Share PriceUK£0.14
52 Week HighUK£0.069
52 Week LowUK£0.20
Beta0.89
1 Month Change-17.14%
3 Month Change81.25%
1 Year Change56.76%
3 Year Change41.46%
5 Year Changen/a
Change since IPO-10.05%

Recent News & Updates

Sep 01
We Think Cora Gold (LON:CORA) Can Afford To Drive Business Growth

We Think Cora Gold (LON:CORA) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Shareholder Returns

CORAGB Metals and MiningGB Market
7D-3.3%-0.03%0.6%
1Y56.8%34.1%24.1%

Return vs Industry: CORA exceeded the UK Metals and Mining industry which returned 25.3% over the past year.

Return vs Market: CORA exceeded the UK Market which returned 23.4% over the past year.

Price Volatility

Is CORA's price volatile compared to industry and market?
CORA volatility
CORA Beta0.89
Industry Beta1.06
Market Beta1

Stable Share Price: CORA is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: CORA's weekly volatility has increased from 11% to 17% over the past year.

About the Company

FoundedEmployeesCEOWebsite
201234Bert Monrohttps://www.coragold.com

Cora Gold Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in West Africa. The company primarily explores for gold deposits. Its flagship project is the Sanankoro Gold project comprising 5 contiguous permits covering an area of approximately 340 square kilometers located in the southern Mali.

Cora Gold Fundamentals Summary

How do Cora Gold's earnings and revenue compare to its market cap?
CORA fundamental statistics
Market CapUS$48.97m
Earnings (TTM)-US$820.00k
Revenue (TTM)n/a

0x

P/S Ratio

-59.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CORA income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$820.00k
Earnings-US$820.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0033
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did CORA perform over the long term?

See historical performance and comparison

Valuation

Is Cora Gold undervalued compared to its fair value and its price relative to the market?

2.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: CORA is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CORA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CORA's PB Ratio (2.2x) is in line with the GB Metals and Mining industry average.


Future Growth

How is Cora Gold forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-11.5%

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 Cora Gold 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.


Past Performance

How has Cora Gold performed over the past 5 years?

-61.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CORA is currently unprofitable.

Growing Profit Margin: CORA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CORA is unprofitable, and losses have increased over the past 5 years at a rate of 61.5% per year.

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

Earnings vs Industry: CORA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (140.8%).


Return on Equity

High ROE: CORA has a negative Return on Equity (-3.75%), as it is currently unprofitable.


Financial Health

How is Cora Gold's financial position?


Financial Position Analysis

Short Term Liabilities: CORA's short term assets ($5.7M) exceed its short term liabilities ($846.0K).

Long Term Liabilities: CORA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CORA is debt free.

Reducing Debt: CORA currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: CORA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CORA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Cora Gold current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Bert Monro (37 yo)

1.67yrs

Tenure

US$176,857

Compensation

Mr. Robert John Ewart Monro serves as Chief Executive Officer and Director at Cora Gold Limited since January 02, 2020. He was the Head of Business Development at Hummingbird Resources PLC since April 2011...


CEO Compensation Analysis

Compensation vs Market: Bert's total compensation ($USD176.86K) is below average for companies of similar size in the UK market ($USD324.54K).

Compensation vs Earnings: Bert's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CORA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: CORA's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 diluted in the past year, with total shares outstanding growing by 28.4%.


Top Shareholders

Company Information

Cora Gold Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Cora Gold Limited
  • Ticker: CORA
  • Exchange: AIM
  • Founded: 2012
  • Industry: Gold
  • Sector: Materials
  • Market Cap: UK£35.823m
  • Shares outstanding: 247.06m
  • Website: https://www.coragold.com

Number of Employees


Location

  • Cora Gold Limited
  • Rodus Building
  • Road Reef Marina
  • Road Town
  • Tortola
  • VG1110
  • British Virgin Islands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 17:44
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.