Goldrea Resources
Market Cap
US$854.5k
Last Updated
2020/05/25 09:28 UTC
Data Sources
Company Financials
Executive Summary
Goldrea Resources Corp. acquires, explores for, and develops mineral properties in Canada and the United States.
Risk Analysis
Snowflake Analysis
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Goldrea Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GORA.F's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.9%
GORA.F
0.2%
US Metals and Mining
1.8%
US Market
1 Year Return
-64.8%
GORA.F
8.0%
US Metals and Mining
3.7%
US Market
Return vs Industry: GORA.F underperformed the US Metals and Mining industry which returned 9.2% over the past year.
Return vs Market: GORA.F underperformed the US Market which returned 3.1% over the past year.
Shareholder returns
| GORA.F | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.9% | 0.2% | 1.8% |
| 30 Day | 22.7% | 6.4% | 5.6% |
| 90 Day | -51.2% | -1.6% | -7.4% |
| 1 Year | -64.8%-64.8% | 10.6%8.0% | 6.1%3.7% |
| 3 Year | -60.2%-60.2% | 4.5%-2.2% | 28.3%19.8% |
| 5 Year | -2.4%-2.4% | 20.0%10.0% | 52.4%35.1% |
Price Volatility Vs. Market
How volatile is Goldrea Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Goldrea Resources undervalued compared to its fair value and its price relative to the market?
6.94x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GORA.F's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GORA.F's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GORA.F is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: GORA.F is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GORA.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GORA.F is overvalued based on its PB Ratio (6.5x) compared to the US Metals and Mining industry average (1.2x).
Next Steps
Future Growth
How is Goldrea Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.1%
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 Goldrea 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
- Examine Goldrea 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.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Goldrea Resources's filings and announcements here.
- Explore growth companies in the Materials industry.
Past Performance
How has Goldrea Resources performed over the past 5 years?
1.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GORA.F is currently unprofitable.
Growing Profit Margin: GORA.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GORA.F is unprofitable, but has reduced losses over the past 5 years at a rate of 1.4% per year.
Accelerating Growth: Unable to compare GORA.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GORA.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.4%).
Return on Equity
High ROE: GORA.F has a negative Return on Equity (-380.23%), as it is currently unprofitable.
Next Steps
Financial Health
How is Goldrea Resources's financial position?
Financial Position Analysis
Short Term Liabilities: GORA.F's short term assets (CA$84.3K) do not cover its short term liabilities (CA$206.8K).
Long Term Liabilities: GORA.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GORA.F's debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GORA.F's debt to equity ratio has reduced over the 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: GORA.F has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GORA.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.
Next Steps
Dividend
What is Goldrea Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GORA.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GORA.F'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 GORA.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GORA.F'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 GORA.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.5yrs
Average board tenure
CEO
Jim Elbert
7.83yrs
Tenure
CA$78,000
Compensation
Mr. James Elbert, also known as Jim, has been the Chief Executive Officer and President for Goldrea Resources Corp. since July 9, 2012. Mr. Elbert was Interim Chief Executive Officer and Director of Electr ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD606.98K).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.83yrs | CA$78.00k | 3.71% CA$31.7k | |
| Independent Director | 39.17yrs | no data | no data | |
| Director | 5.08yrs | no data | 0.56% CA$4.8k | |
| Director | 1.08yrs | no data | no data |
6.5yrs
Average Tenure
Experienced Board: GORA.F's board of directors are considered experienced (6.5 years average tenure).
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.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.
Top Shareholders
Company Information
Goldrea Resources Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Goldrea Resources Corp.
- Ticker: GORA.F
- Exchange: OTCPK
- Founded: 1981
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: US$854.471k
- Shares outstanding: 43.79m
- Website: https://www.goldrea.com
Location
- Goldrea Resources Corp.
- 543 Granville Street
- 5th Floor
- Vancouver
- British Columbia
- V6C 1X8
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GOR | CNSX (Canadian National Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 1988 |
| GOJ1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1988 |
| GORA.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 1988 |
Biography
Goldrea Resources Corp. acquires, explores for, and develops mineral properties in Canada and the United States. It explores for gold, copper, silver, platinum, palladium, molybdenum, iron, and other metal deposits. The company owns interests in the Cannonball property covering an area of 1,490 hectares located in northwestern British Columbia; Gaspe lithium property located to the northwest of the city of Gaspe, Quebec; and Adjacent property totaling an area of 17.75 hectares located in northwestern British Columbia. Goldrea Resources Corp. was incorporated in 1981 and is based in Vancouver, Canada.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/25 09:28 |
| End of Day Share Price | 2020/05/20 00:00 |
| Earnings | 2020/01/31 |
| Annual Earnings | 2019/07/31 |
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.