How does ECU's PB Ratio compare to its peers?

ECU is expensive based on its Price-To-Book Ratio (5.9x) compared to the peer average (1.3x).

How does ECU's PB Ratio compare vs other companies in the PE Metals and Mining Industry?

ECU is expensive based on its Price-To-Book Ratio (5.9x) compared to the South American Metals and Mining industry average (0.8x).

What is ECU'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.

Insufficient data to calculate ECU's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of ECU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate ECU's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

ECU Stock Overview

Operates as a copper exploration and development company in Peru. More details

ECU fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

Shares are highly illiquid

Earnings have declined by 24.8% per year over past 5 years

Makes less than USD$1m in revenue (CA$0)

+ 2 more risks

My Notes

Capture your thoughts, links and company narrative

Element 29 Resources Inc. Competitors

Southern Peru Copper Corporation - Sucursal del Peru

BVL:SPCCPI2

S/4.5b

Compañía Minera Santa Luisa

BVL:LUISAI1

S/345.8m

Compañía Minera San Ignacio de MorocochaA

BVL:MOROCOI1

S/111.9m

Sociedad Minera Corona

BVL:MINCORI1

S/436.2m

Price History & Performance

Summary of share price highs, lows and changes for Element 29 Resources
Historical stock prices
Current Share Price	CA$0.40
52 Week High	CA$0.40
52 Week Low	CA$0.40
Beta	1.1
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	ECU	PE Metals and Mining	PE Market
7D	0%	-0.5%	0.4%
1Y	n/a	7.1%	0.1%

Return vs Industry: Insufficient data to determine how ECU performed against the PE Metals and Mining industry.

Return vs Market: Insufficient data to determine how ECU performed against the PE Market.

Price Volatility

Is ECU's price volatile compared to industry and market?
ECU volatility
ECU Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	3.0%
Market Average Movement	2.9%
10% most volatile stocks in PE Market	7.2%
10% least volatile stocks in PE Market	1.5%

Stable Share Price: ECU's share price has been volatile over the past 3 months compared to the PE market.

Volatility Over Time: Insufficient data to determine ECU's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2017	n/a	Richard Osmond	www.e29copper.com

Element 29 Resources Inc. operates as a copper exploration and development company in Peru. The company also explores for molybdenum, gold, silver, lead, and zinc deposits. Its flagship properties are the 100%-owned Elida copper project that includes 28 mining concessions covering an area of approximately 19,800 hectares located in the province of Ocros; and Flor de Cobre copper project comprising seven mining concessions covering an area of approximately 2,000 hectares located in the Southern Peru.

Element 29 Resources Inc. Fundamentals Summary

How do Element 29 Resources's earnings and revenue compare to its market cap?
ECU fundamental statistics
Market cap	US$52.26m
Earnings (TTM)	-US$4.90m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-10.7x

P/E Ratio

Is ECU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ECU income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$7.08m
Earnings	-CA$7.08m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.059
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did ECU perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/04 16:32
End of Day Share Price	2025/01/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Element 29 Resources Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution