Duyuru • Apr 14
Orbit Garant Drilling Inc. to Report Q3, 2026 Results on May 13, 2026 Orbit Garant Drilling Inc. announced that they will report Q3, 2026 results After-Market on May 13, 2026 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$1.85, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 19x in the Metals and Mining industry in Canada. Total returns to shareholders of 128% over the past three years. Reported Earnings • Feb 15
Second quarter 2026 earnings released: EPS: CA$0.034 (vs CA$0.013 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.034 (up from CA$0.013 in 2Q 2025). Revenue: CA$48.0m (up 11% from 2Q 2025). Net income: CA$1.28m (up 167% from 2Q 2025). Profit margin: 2.7% (up from 1.1% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CA$2.01, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 25x in the Metals and Mining industry in Canada. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.74, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 28x in the Metals and Mining industry in Canada. Total returns to shareholders of 228% over the past three years. Duyuru • Jan 20
Orbit Garant Drilling Inc. to Report Q2, 2026 Results on Feb 11, 2026 Orbit Garant Drilling Inc. announced that they will report Q2, 2026 results After-Market on Feb 11, 2026 Buy Or Sell Opportunity • Jan 08
Now 20% overvalued Over the last 90 days, the stock has fallen 6.1% to CA$1.55. The fair value is estimated to be CA$1.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$1.39, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 20x in the Metals and Mining industry in Canada. Total returns to shareholders of 162% over the past three years. Reported Earnings • Nov 17
First quarter 2026 earnings released: EPS: CA$0.01 (vs CA$0.085 in 1Q 2025) First quarter 2026 results: EPS: CA$0.01 (down from CA$0.085 in 1Q 2025). Revenue: CA$46.7m (down 3.7% from 1Q 2025). Net income: CA$349.0k (down 89% from 1Q 2025). Profit margin: 0.7% (down from 6.5% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 27
Orbit Garant Drilling Inc. to Report Q1, 2026 Results on Nov 12, 2025 Orbit Garant Drilling Inc. announced that they will report Q1, 2026 results After-Market on Nov 12, 2025 Recent Insider Transactions Derivative • Oct 12
President exercised options to buy CA$124k worth of stock. On the 10th of October, Daniel Maheu exercised options to buy 75k shares at a strike price of around CA$0.80, costing a total of CA$60k. This transaction amounted to 34% of their direct individual holding at the time of the trade. Since December 2024, Daniel's direct individual holding has increased from 197.16k shares to 298.39k. Company insiders have collectively bought CA$160k more than they sold, via options and on-market transactions, in the last 12 months. Duyuru • Oct 02
Orbit Garant Drilling Inc., Annual General Meeting, Dec 04, 2025 Orbit Garant Drilling Inc., Annual General Meeting, Dec 04, 2025. Reported Earnings • Sep 25
Full year 2025 earnings released: EPS: CA$0.20 (vs CA$0.035 loss in FY 2024) Full year 2025 results: EPS: CA$0.20 (up from CA$0.035 loss in FY 2024). Revenue: CA$189.1m (up 4.3% from FY 2024). Net income: CA$7.54m (up CA$8.85m from FY 2024). Profit margin: 4.0% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 03
Orbit Garant Drilling Inc. to Report Q4, 2025 Results on Sep 24, 2025 Orbit Garant Drilling Inc. announced that they will report Q4, 2025 results After-Market on Sep 24, 2025 Recent Insider Transactions Derivative • Aug 22
Independent Director exercised options to buy CA$116k worth of stock. On the 18th of August, Nicole Veilleux exercised options to buy 75k shares at a strike price of around CA$0.93, costing a total of CA$70k. This transaction amounted to 373% of their direct individual holding at the time of the trade. Since December 2024, Nicole's direct individual holding has increased from 20.00k shares to 20.10k. Company insiders have collectively bought CA$91k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jun 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$92k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). Significant insider selling over the past 3 months (CA$92k sold). Market cap is less than US$100m (CA$57.3m market cap, or US$41.7m). Recent Insider Transactions • May 25
Independent Director recently sold CA$92k worth of stock On the 22nd of May, Pierre Rougeau sold around 65k shares on-market at roughly CA$1.41 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$25k more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$1.32, the stock trades at a trailing P/E ratio of 7.9x. Average forward P/E is 4x in the Metals and Mining industry in Canada. Total returns to shareholders of 94% over the past three years. Reported Earnings • May 09
Third quarter 2025 earnings released: EPS: CA$0.08 (vs CA$0.053 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.08 (up from CA$0.053 in 3Q 2024). Revenue: CA$50.1m (up 3.9% from 3Q 2024). Net income: CA$2.65m (up 35% from 3Q 2024). Profit margin: 5.3% (up from 4.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$1.43, the stock trades at a trailing P/E ratio of 9.7x. Average forward P/E is 4x in the Metals and Mining industry in Canada. Total returns to shareholders of 55% over the past three years. Duyuru • Apr 11
Orbit Garant Drilling Inc. to Report Q3, 2025 Results on May 07, 2025 Orbit Garant Drilling Inc. announced that they will report Q3, 2025 results After-Market on May 07, 2025 Recent Insider Transactions • Mar 25
Independent Chair of the Board recently bought CA$106k worth of stock On the 19th of March, Andre Page bought around 100k shares on-market at roughly CA$1.06 per share. This transaction increased Andre's direct individual holding by 5x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andre's only on-market trade for the last 12 months. Reported Earnings • Feb 13
Second quarter 2025 earnings released: EPS: CA$0.04 (vs CA$0.045 loss in 2Q 2024) Second quarter 2025 results: EPS: CA$0.04 (up from CA$0.045 loss in 2Q 2024). Revenue: CA$43.4m (flat on 2Q 2024). Net income: CA$1.56m (up CA$3.23m from 2Q 2024). Profit margin: 3.6% (up from net loss in 2Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$1.12, the stock trades at a trailing P/E ratio of 18.4x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 72% over the past three years. Duyuru • Jan 23
Orbit Garant Drilling Inc. to Report Q2, 2025 Results on Feb 12, 2025 Orbit Garant Drilling Inc. announced that they will report Q2, 2025 results After-Market on Feb 12, 2025 Buy Or Sell Opportunity • Jan 13
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to CA$0.81. The fair value is estimated to be CA$0.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to CA$0.78. The fair value is estimated to be CA$0.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (CA$34.0m market cap, or US$24.2m). Reported Earnings • Nov 15
First quarter 2025 earnings released: EPS: CA$0.08 (vs CA$0.012 loss in 1Q 2024) First quarter 2025 results: EPS: CA$0.08 (up from CA$0.012 loss in 1Q 2024). Revenue: CA$48.4m (up 9.3% from 1Q 2024). Net income: CA$3.16m (up CA$3.60m from 1Q 2024). Profit margin: 6.5% (up from net loss in 1Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Oct 16
Orbit Garant Drilling Inc. to Report Q1, 2025 Results on Nov 13, 2024 Orbit Garant Drilling Inc. announced that they will report Q1, 2025 results After-Market on Nov 13, 2024 Duyuru • Oct 08
Orbit Garant Drilling Inc., Annual General Meeting, Dec 05, 2024 Orbit Garant Drilling Inc., Annual General Meeting, Dec 05, 2024. Reported Earnings • Sep 20
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CA$0.035 loss per share (further deteriorated from CA$0.018 loss in FY 2023). Revenue: CA$181.2m (down 9.8% from FY 2023). Net loss: CA$1.32m (loss widened 97% from FY 2023). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Duyuru • Aug 29
Orbit Garant Drilling Inc. to Report Q4, 2024 Results on Sep 19, 2024 Orbit Garant Drilling Inc. announced that they will report Q4, 2024 results After-Market on Sep 19, 2024 Reported Earnings • May 10
Third quarter 2024 earnings released: EPS: CA$0.05 (vs CA$0.005 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.05 (up from CA$0.005 in 3Q 2023). Revenue: CA$48.2m (down 2.3% from 3Q 2023). Net income: CA$1.97m (up CA$1.77m from 3Q 2023). Profit margin: 4.1% (up from 0.4% in 3Q 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 18% per year and the company’s share price has also fallen by 18% per year. Duyuru • May 09
Orbit Garant Drilling Inc. Announces Appointment of André Pagé to Board of Directors, Member of the Audit and Corporate Governance and Compensation Committees Orbit Garant Drilling Inc. announced the appointment of Mr. André Pagé to its Board of Directors, effective immediately. Mr. Pagé will also serve as a member of the Audit and Corporate Governance and Compensation Committees. With Mr. Pagé's appointment, Orbit Garant's Board of Directors now consists of six members. Mr. Pagé has more than 30 years of experience in capital markets, including senior roles in institutional sales. He was formerly Managing Director with Desjardins Capital Markets, a division of Desjardins Group. Mr. Pagé was with Desjardins Capital Markets from 2007 until his retirement in November 2023. Prior thereto, he was a Managing Director for Institutional Sales at BMO Capital Markets (1998 to 2006). Duyuru • Apr 11
Orbit Garant Drilling Inc. to Report Q3, 2024 Results on May 08, 2024 Orbit Garant Drilling Inc. announced that they will report Q3, 2024 results After-Market on May 08, 2024 Reported Earnings • Feb 11
Second quarter 2024 earnings released: CA$0.045 loss per share (vs CA$0.057 profit in 2Q 2023) Second quarter 2024 results: CA$0.045 loss per share (down from CA$0.057 profit in 2Q 2023). Revenue: CA$43.3m (down 16% from 2Q 2023). Net loss: CA$1.68m (down 179% from profit in 2Q 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Duyuru • Jan 18
Orbit Garant Drilling Inc. to Report Q2, 2024 Results on Feb 07, 2024 Orbit Garant Drilling Inc. announced that they will report Q2, 2024 results After-Market on Feb 07, 2024 Reported Earnings • Nov 17
First quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.029 profit in 1Q 2023) First quarter 2024 results: CA$0.01 loss per share (down from CA$0.029 profit in 1Q 2023). Revenue: CA$44.3m (down 17% from 1Q 2023). Net loss: CA$434.0k (down 140% from profit in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 26
Price target increased by 20% to CA$1.50 Up from CA$1.25, the current price target is provided by 1 analyst. New target price is 173% above last closing price of CA$0.55. Stock is up 1.9% over the past year. The company posted a net loss per share of CA$0.018 last year. Duyuru • Oct 18
Orbit Garant Drilling Inc. to Report Q1, 2024 Results on Nov 13, 2023 Orbit Garant Drilling Inc. announced that they will report Q1, 2024 results at 12:30 PM, US Eastern Standard Time on Nov 13, 2023 Duyuru • Sep 30
Orbit Garant Drilling Inc., Annual General Meeting, Nov 30, 2023 Orbit Garant Drilling Inc., Annual General Meeting, Nov 30, 2023. Duyuru • Aug 24
Orbit Garant Drilling Inc. to Report Q4, 2023 Results on Sep 19, 2023 Orbit Garant Drilling Inc. announced that they will report Q4, 2023 results After-Market on Sep 19, 2023 Duyuru • Jul 28
Orbit Garant Drilling Inc. Provides Update on Its Drilling Operations in Québec Orbit Garant Drilling Inc. (Orbit Garant or the Company) announced that it has now restarted operations on all its surface and underground drilling projects in Québec that had been previously suspended due to the impact of wildfires in the province. Duyuru • Jul 27
Orbit Garant Drilling Inc. Provides Update on Its Drilling Operations in Québec Orbit Garant Drilling Inc. announced that it has now restarted operations on all its surface and underground drilling projects in Québec that had been previously suspended due to the impact of wildfires in the province. Reported Earnings • May 12
Third quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.11 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.01 (up from CA$0.11 loss in 3Q 2022). Revenue: CA$49.3m (up 9.2% from 3Q 2022). Net income: CA$197.0k (up CA$4.26m from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 15
Price target increased by 20% to CA$1.50 Up from CA$1.25, the current price target is provided by 1 analyst. New target price is 114% above last closing price of CA$0.70. Stock is up 7.7% over the past year. The company posted a net loss per share of CA$0.18 last year. Reported Earnings • Feb 10
Second quarter 2023 earnings released: EPS: CA$0.057 (vs CA$0.046 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.057 (up from CA$0.046 loss in 2Q 2022). Revenue: CA$51.6m (up 13% from 2Q 2022). Net income: CA$2.12m (up CA$3.86m from 2Q 2022). Profit margin: 4.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Jan 25
Orbit Garant Drilling Inc. to Report Q2, 2023 Results on Feb 08, 2023 Orbit Garant Drilling Inc. announced that they will report Q2, 2023 results After-Market on Feb 08, 2023 Duyuru • Dec 04
Orbit Garant Announces Appointment of Sylvain Laroche as Chief Operating Officer Orbit Garant announced that Sylvain Laroche has been appointed Chief Operating Officer of the Company, effective today. Mr. Laroche has been part of the Orbit Garant team since 2006, most recently serving as Corporate Manager. He has more than 20 years' experience in operations management, business development, and administration and has played a key role in the Company's expansion. He previously served as the Company's Administrative Manager. From 1998 to 2006, he was Human Resources Manager and also Operations Manager for Groupe Boisvert. Mr. Laroche has a Bachelor of Business Administration from the Université du Québec. Price Target Changed • Nov 16
Price target decreased to CA$1.25 Down from CA$1.50, the current price target is provided by 1 analyst. New target price is 108% above last closing price of CA$0.60. Stock is down 39% over the past year. The company posted a net loss per share of CA$0.18 last year. Reported Earnings • Nov 12
First quarter 2023 earnings released: EPS: CA$0.03 (vs CA$0.036 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.03 (up from CA$0.036 loss in 1Q 2022). Revenue: CA$53.2m (up 5.3% from 1Q 2022). Net income: CA$1.08m (up CA$2.41m from 1Q 2022). Profit margin: 2.0% (up from net loss in 1Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year. Duyuru • Oct 22
Orbit Garant Drilling Inc. to Report Q1, 2023 Results on Nov 09, 2022 Orbit Garant Drilling Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022 Duyuru • Sep 24
Orbit Garant Drilling Inc., Annual General Meeting, Dec 01, 2022 Orbit Garant Drilling Inc., Annual General Meeting, Dec 01, 2022. Reported Earnings • Sep 21
Full year 2022 earnings released Full year 2022 results: Revenue: CA$195.5m (up 20% from FY 2021). Net loss: CA$6.65m (down 390% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 30
Orbit Garant Drilling Inc. to Report Q4, 2022 Results on Sep 20, 2022 Orbit Garant Drilling Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Sep 20, 2022 Reported Earnings • May 13
Third quarter 2022 earnings released: CA$0.11 loss per share (vs CA$0.017 profit in 3Q 2021) Third quarter 2022 results: CA$0.11 loss per share (down from CA$0.017 profit in 3Q 2021). Revenue: CA$45.2m (up 12% from 3Q 2021). Net loss: CA$4.07m (down CA$4.69m from profit in 3Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 15% per year and the company’s share price has also fallen by 15% per year. Price Target Changed • Apr 27
Price target decreased to CA$1.75 Down from CA$2.00, the current price target is provided by 1 analyst. New target price is 75% above last closing price of CA$1.00. Stock is up 5.3% over the past year. The company posted earnings per share of CA$0.062 last year. Duyuru • Apr 15
Orbit Garant Drilling Inc. to Report Q3, 2022 Results on May 11, 2022 Orbit Garant Drilling Inc. announced that they will report Q3, 2022 results After-Market on May 11, 2022 Reported Earnings • Feb 12
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: CA$0.05 loss per share (down from CA$0.01 profit in 2Q 2021). Revenue: CA$45.9m (up 27% from 2Q 2021). Net loss: CA$1.73m (down CA$2.10m from profit in 2Q 2021). Revenue exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 18%, compared to a 22% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Duyuru • Jan 28
Orbit Garant Drilling Inc. to Report Q2, 2022 Results on Feb 09, 2022 Orbit Garant Drilling Inc. announced that they will report Q2, 2022 results After-Market on Feb 09, 2022 Price Target Changed • Nov 17
Price target decreased to CA$1.75 Down from CA$2.00, the current price target is provided by 1 analyst. New target price is 77% above last closing price of CA$0.99. Stock is up 4.2% over the past year. The company posted earnings per share of CA$0.062 last year. Reported Earnings • Nov 14
First quarter 2022 earnings released: CA$0.04 loss per share (vs CA$0.094 profit in 1Q 2021) The company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: CA$50.6m (up 42% from 1Q 2021). Net loss: CA$1.34m (down 139% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CA$1.03, the stock trades at a trailing P/E ratio of 16.6x. Average forward P/E is 8x in the Metals and Mining industry in Canada. Total loss to shareholders of 46% over the past three years. Reported Earnings • Sep 30
Full year 2021 earnings released: EPS CA$0.062 (vs CA$0.20 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: CA$163.3m (up 19% from FY 2020). Net income: CA$2.29m (up CA$9.65m from FY 2020). Profit margin: 1.4% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 15% share price gain to CA$1.13, the stock trades at a trailing P/E ratio of 24.1x. Average forward P/E is 11x in the Metals and Mining industry in Canada. Total loss to shareholders of 48% over the past three years. Recent Insider Transactions • Jun 25
Key Executive recently sold CA$99k worth of stock On the 21st of June, Pierre Alexandre sold around 114k shares on-market at roughly CA$0.87 per share. This was the largest sale by an insider in the last 3 months. This was Pierre's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CA$1.05, the stock trades at a trailing P/E ratio of 22.4x. Average forward P/E is 12x in the Metals and Mining industry in Canada. Total loss to shareholders of 53% over the past three years. Recent Insider Transactions Derivative • May 30
President exercised options to buy CA$164k worth of stock. On the 27th of May, Eric Alexandre exercised options to buy 126k shares at a strike price of around CA$1.28, costing a total of CA$161k. This transaction amounted to 17% of their direct individual holding at the time of the trade. Since September 2020, Eric has owned 729.50k shares directly. Company insiders have collectively bought CA$225k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 18% share price gain to CA$1.42, the stock trades at a trailing P/E ratio of 30.4x. Average forward P/E is 11x in the Metals and Mining industry in Canada. Total loss to shareholders of 38% over the past three years.