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Zinc8 Energy Solutions

CNSX:MGXR
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGXR
CNSX
CA$14M
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

MGX Renewables Inc. engages in the development and commercialization of a zinc-air flow batteries. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Zinc8 Energy Solutions has significant price volatility in the past 3 months.
MGXR Share Price and Events
7 Day Returns
-13%
CNSX:MGXR
-1.3%
CA Electrical
1.3%
CA Market
1 Year Returns
-
CNSX:MGXR
25.2%
CA Electrical
-0.1%
CA Market
MGXR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zinc8 Energy Solutions (MGXR) -13% 275% - - - -
CA Electrical -1.3% 18.2% 34.6% 25.2% 113.7% 87.4%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • No trading data on MGXR.
  • No trading data on MGXR.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Zinc8 Energy Solutions undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Zinc8 Energy Solutions. This is due to cash flow or dividend data being unavailable. The share price is CA$0.3.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zinc8 Energy Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zinc8 Energy Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:MGXR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.12
CNSX:MGXR Share Price ** CNSX (2019-09-20) in CAD CA$0.3
North America Electrical Industry PE Ratio Median Figure of 32 Publicly-Listed Electrical Companies 15.52x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Zinc8 Energy Solutions.

CNSX:MGXR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:MGXR Share Price ÷ EPS (both in CAD)

= 0.3 ÷ -0.12

-2.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zinc8 Energy Solutions is loss making, we can't compare its value to the North America Electrical industry average.
  • Zinc8 Energy Solutions is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Zinc8 Energy Solutions's expected growth come at a high price?
Raw Data
CNSX:MGXR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 1.11x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Zinc8 Energy Solutions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zinc8 Energy Solutions's assets?
Raw Data
CNSX:MGXR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.02
CNSX:MGXR Share Price * CNSX (2019-09-20) in CAD CA$0.3
Canada Electrical Industry PB Ratio Median Figure of 8 Publicly-Listed Electrical Companies 0.87x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:MGXR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:MGXR Share Price ÷ Book Value per Share (both in CAD)

= 0.3 ÷ 0.02

16.49x

* Primary Listing of Zinc8 Energy Solutions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zinc8 Energy Solutions is overvalued based on assets compared to the CA Electrical industry average.
X
Value checks
We assess Zinc8 Energy Solutions's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Zinc8 Energy Solutions has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Zinc8 Energy Solutions expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Zinc8 Energy Solutions 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56.8%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zinc8 Energy Solutions expected to grow at an attractive rate?
  • Unable to compare Zinc8 Energy Solutions's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zinc8 Energy Solutions's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Zinc8 Energy Solutions's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:MGXR Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Electrical Industry Earnings Growth Rate Market Cap Weighted Average 56.8%
North America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:MGXR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:MGXR Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 -3 -4
2019-03-31 -2 -3
2018-12-31 -2 -3
2018-09-30 0 -3 -9
2017-12-31 0 -2 -8
2016-12-31 1 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zinc8 Energy Solutions is high growth as no earnings estimate data is available.
  • Unable to determine if Zinc8 Energy Solutions is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:MGXR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zinc8 Energy Solutions Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MGXR Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.12
2019-03-31 -0.10
2018-12-31 -0.09
2018-09-30 -0.30
2017-12-31 -0.27
2016-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Zinc8 Energy Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Zinc8 Energy Solutions's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  2. Zinc8 Energy Solutions's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Zinc8 Energy Solutions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Zinc8 Energy Solutions has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Zinc8 Energy Solutions performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Zinc8 Energy Solutions's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zinc8 Energy Solutions does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Zinc8 Energy Solutions's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Zinc8 Energy Solutions's 1-year growth to the North America Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Zinc8 Energy Solutions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zinc8 Energy Solutions Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MGXR Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -3.69 1.21 1.94
2019-03-31 -3.10 0.90 1.83
2018-12-31 -2.60 0.87 1.50
2018-09-30 0.00 -8.95 1.05 1.25
2017-12-31 0.45 -8.04 1.01 0.94
2016-12-31 1.48 0.00 0.84 1.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Zinc8 Energy Solutions has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Zinc8 Energy Solutions has efficiently used its assets last year compared to the North America Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Zinc8 Energy Solutions improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Zinc8 Energy Solutions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zinc8 Energy Solutions has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Zinc8 Energy Solutions's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Zinc8 Energy Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zinc8 Energy Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zinc8 Energy Solutions's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Zinc8 Energy Solutions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zinc8 Energy Solutions Company Filings, last reported 2 months ago.

CNSX:MGXR Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 0.71 4.92 0.19
2019-03-31 -0.04 4.95 0.05
2018-12-31 0.87 4.10 0.04
2018-09-30 1.62 3.52 0.05
2017-12-31 3.46 1.52 0.00
2016-12-31 11.50 0.00 0.12
  • Zinc8 Energy Solutions's level of debt (696.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Zinc8 Energy Solutions's debt level has increased without past 5-year debt data.
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.

  • Zinc8 Energy Solutions has less than a year of cash runway based on current free cash flow.
  • Zinc8 Energy Solutions has less than a year of cash runway if free cash flow continues to grow at historical rates of 40.3% each year.
X
Financial health checks
We assess Zinc8 Energy Solutions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zinc8 Energy Solutions has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Zinc8 Energy Solutions's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Zinc8 Energy Solutions dividends.
If you bought CA$2,000 of Zinc8 Energy Solutions shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Zinc8 Energy Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zinc8 Energy Solutions's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:MGXR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Zinc8 Energy Solutions has not reported any payouts.
  • Unable to verify if Zinc8 Energy Solutions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zinc8 Energy Solutions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zinc8 Energy Solutions has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zinc8 Energy Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Zinc8 Energy Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zinc8 Energy Solutions has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Zinc8 Energy Solutions's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ron MacDonald
AGE 64
TENURE AS CEO 0 years
CEO Bio

Mr. Ronald J. MacDonald, also known as Ron, serves as Strategic Political Advisor to Western Potash Corp. Mr. MacDonald has been Director of Zinc8 Energy Solutions (Formerly known as MGX Renewables Inc.) since February 5, 2019 and serves as its President and CEO since September 19, 2019. Mr. MacDonald has both public and private sector experience, ranging from international roles within the Parliament of Canada to serving on the boards of numerous publicly listed resource companies. Mr. MacDonald serves as a Senior Council Global Markets at Commerce Resources Ltd. In recent years Mr. MacDonald has served as President of NRStor Remote Communities and Mines. He served as a Senior Assistant to the Canadian Minister of Foreign Affairs, Deputy Prime Minister and Chief of Staff to the Leader of the Government in the Senate of Canada, Canadian Member of Parliament and Parliamentary Secretary of International Trade for 2 years. From 1997 to 2002, Mr. MacDonald served as the President and Chief Executive Officer of The Council of Forest Industries, the largest lumber manufacturing, grading and marketing group and served as its Director of Canada Wood. From 2003 to 2006, he served as Senior Advisor of International Market Development to the President and Chief Executive Officer of Canfor Ltd., Canada`s largest lumber manufacturer. Since 2006, he served as the President and Chief Executive Officer of Cansource International Ltd, a natural resource-focused international marketing and strategic management consultancy. He has been Executive Chairman of American Vanadium Corp. since January 2012. He served as the Executive Chairman and Director of Canada Strategic Metals, Inc. (also known as Canada Rare Earths Inc.) since July 19, 2012 until March 25, 2013. He served as the Executive Chairman at Critical Elements Corporation since September 2012 until March 21, 2013. He served as Vice Chairman of American Vanadium Corp. He served as a Director of American Vanadium since August 2, 2011 until April 07, 2014. He served as a Director of Critical Elements Corporation since January 1, 2012 until March 21, 2013. He was a Founding Member of Canada Wood of Council of Forest Industries. He was a presenter at conferences in the USA, Canada and Asia on critical and strategic markets. He is a regular Presenter at conferences in Canada, Asia and the United States on critical, strategic and rare earth markets. He has also been a contributor to the EU Commission Framework 7 policy paper on "Scarcity of Strategic Minerals" and a presenter at conferences throughout the United States, Canada, Europe and Asia on strategic minerals needed to support the renewable energy and storage industries. Mr. MacDonald served for over a decade as a Federal Member of Parliament for Halifax, Nova Scotia, during which time the Prime Minister of Canada appointed him as Parliamentary Secretary of International Trade. Mr. MacDonald served for 5 years as President and CEO of the Council of Forest Industries, Canada's largest lumber manufacturing, grading and marketing group, where he developed new markets in China, Korea, India and Japan. Ron was also a Director and Founding Member of Canada Wood, one of Canada's most successful marketing programs opening up global markets for Canadian Wood Products. He is a graduate of Dalhousie University in Halifax, Nova Scotia, Canada.

CEO Compensation
  • Insufficient data for Ron to compare compensation growth.
  • Insufficient data for Ron to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Ron MacDonald

TITLE
President
AGE
64

Michael Reimann

TITLE
CFO & Director

Serge Drobatschewsky

TITLE
Vice President of Operations

John McLeod

TITLE
Vice President of Engineering
Board of Directors

Ron MacDonald

TITLE
President
AGE
64
TENURE
0.6 yrs

Michael Reimann

TITLE
CFO & Director

Jared Lazerson

TITLE
Director
AGE
48

Lyndon Patrick

TITLE
Director

Dave Hodge

TITLE
Director
AGE
66
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Zinc8 Energy Solutions individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
18. Sep 19 Buy David Hodge Individual 09. Sep 19 09. Sep 19 2,083,333 CA$0.06 CA$124,999
30. Aug 19 Sell David Hodge Individual 27. Aug 19 27. Aug 19 -25,000 CA$0.08 CA$-2,000
17. Sep 19 Sell David Hodge Individual 10. Sep 19 10. Sep 19 -185,454 CA$0.50 CA$-87,845
10. Sep 19 Buy Michael Reimann Individual 09. Sep 19 09. Sep 19 200,000 CA$0.06 CA$12,000
29. Aug 19 Sell Jared Lazerson Individual 29. Aug 19 29. Aug 19 -50,000 CA$0.08 CA$-4,000
26. Aug 19 Sell MGX Minerals Inc. Company 20. Aug 19 20. Aug 19 -300,000 CA$0.08 CA$-22,500
X
Management checks
We assess Zinc8 Energy Solutions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zinc8 Energy Solutions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

MGX Renewables Inc. engages in the development and commercialization of a zinc-air flow batteries. Its modular energy storage system is designed to deliver backup power in the range of 5 to 100 kW. The company was formerly known as ZincNyx Energy Solutions Inc. changed its name to MGX Renewables Inc. in November 2018. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. MGX Renewables Inc. is a subsidiary of MGX Minerals Inc.

Details
Name: Zinc8 Energy Solutions
MGXR
Exchange: CNSX
Founded: 2011
CA$14,137,058
47,123,529
Website: http://www.mgxrenewables.com
Address: Zinc8 Energy Solutions
8765 Ash Street,
Unit-1,
Vancouver,
British Columbia, V6P 6T3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX MGXR Common Shares Canadian National Stock Exchange CA CAD 22. Jul 2019
OTCPK MGXR.F Common Shares Pink Sheets LLC US USD 22. Jul 2019
DB 0E9 Common Shares Deutsche Boerse AG DE EUR 22. Jul 2019
Number of employees
Current staff
Staff numbers
21
Zinc8 Energy Solutions employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:49
End of day share price update: 2019/09/20 00:00
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.