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Avarone Metals

CNSX:AVM
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVM
CNSX
CA$8M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Avarone Metals Inc., a junior resource exploration company, engages in the acquisition, exploration, and development of precious metals and energy based resource properties in Canada. The last earnings update was 93 days ago. More info.


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  • Avarone Metals has significant price volatility in the past 3 months.
AVM Share Price and Events
7 Day Returns
0%
CNSX:AVM
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
137.5%
CNSX:AVM
22%
CA Metals and Mining
-0.1%
CA Market
AVM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Avarone Metals (AVM) 0% -20.8% 0% 137.5% 137.5% 58.3%
CA Metals and Mining 3.4% 1.6% 9.1% 22% -11.7% 0.3%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • AVM outperformed the Metals and Mining industry which returned 22% over the past year.
  • AVM outperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
AVM
Industry
5yr Volatility vs Market

Value

 Is Avarone Metals 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.

In this section, we usually try to help investors determine whether Avarone Metals is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Avarone Metals has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Avarone Metals. This is due to cash flow or dividend data being unavailable. The share price is CA$0.095.
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 Avarone Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Avarone Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:AVM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$0.00
CNSX:AVM Share Price ** CNSX (2019-09-20) in CAD CA$0.1
Canada Metals and Mining Industry PE Ratio Median Figure of 99 Publicly-Listed Metals and Mining Companies 14.39x
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 Avarone Metals.

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

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

= 0.1 ÷ 0.00

-25.34x

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

  • Avarone Metals is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Avarone Metals is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Avarone Metals's expected growth come at a high price?
Raw Data
CNSX:AVM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -25.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 31 Publicly-Listed Metals and Mining Companies 1.06x
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 Avarone Metals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Avarone Metals's assets?
Raw Data
CNSX:AVM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$-0.01
CNSX:AVM Share Price * CNSX (2019-09-20) in CAD CA$0.1
Canada Metals and Mining Industry PB Ratio Median Figure of 1,098 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:AVM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.1 ÷ -0.01

-13.61x

* Primary Listing of Avarone Metals.

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

  • Avarone Metals has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of AVM’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Avarone Metals's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Avarone Metals'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Avarone Metals 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 Avarone Metals 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 Avarone Metals 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
34.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Avarone Metals expected to grow at an attractive rate?
  • Unable to compare Avarone Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Avarone Metals's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Avarone Metals's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:AVM Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.8%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
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:AVM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:AVM Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 0 0
2019-01-31 0 0
2018-10-31 0 0
2018-07-31 0 0
2018-04-30 0 0
2018-01-31 0 0
2017-10-31 0 0
2017-07-31 0 0
2017-04-30 0 -1
2017-01-31 -1 -2
2016-10-31 -1 -2
2016-07-31 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Avarone Metals is high growth as no earnings estimate data is available.
  • Unable to determine if Avarone Metals 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:AVM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Avarone Metals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:AVM Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 0.00
2019-01-31 0.00
2018-10-31 0.00
2018-07-31 0.00
2018-04-30 0.00
2018-01-31 0.00
2017-10-31 0.00
2017-07-31 0.00
2017-04-30 -0.01
2017-01-31 -0.02
2016-10-31 -0.02
2016-07-31 -0.02

*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 Avarone Metals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of AVM’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Avarone Metals'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 Materials companies here
  3. Avarone Metals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Avarone Metals'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 Canada 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.
Avarone Metals 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 Avarone Metals 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 Avarone Metals's growth in the last year to its industry (Metals and Mining).
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.
  • Avarone Metals does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Avarone Metals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Avarone Metals's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Avarone Metals'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 Avarone Metals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:AVM Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -0.33 0.31
2019-01-31 -0.39 0.37
2018-10-31 -0.37 0.35
2018-07-31 -0.34 0.32
2018-04-30 -0.29 0.22
2018-01-31 -0.23 0.17
2017-10-31 -0.29 0.24
2017-07-31 -0.33 0.30
2017-04-30 -0.79 0.70
2017-01-31 -1.73 1.55
2016-10-31 -1.63 1.43
2016-07-31 -1.56 1.37
2016-04-30 -1.18 1.04
2016-01-31 -0.13 0.15
2015-10-31 0.00 0.10
2015-07-31 0.00 0.10
2015-04-30 -0.01 0.13
2015-01-31 -0.73 0.76
2014-10-31 -1.09 1.04
2014-07-31 -1.05 1.00
2014-04-30 -1.07 1.01
2014-01-31 -0.40 0.45
2013-10-31 -0.23 0.29
2013-07-31 -0.30 0.35
2013-04-30 -0.36 0.40
2013-01-31 -0.42 0.38
2012-10-31 -0.39 0.36

*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 Avarone Metals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Avarone Metals has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Avarone Metals improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Avarone Metals'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 Metals and Mining 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.
Avarone Metals 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 Avarone Metals'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 Avarone Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Avarone Metals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Avarone Metals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Avarone Metals'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.
  • Avarone Metals has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Avarone Metals Company Filings, last reported 4 months ago.

CNSX:AVM Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 -0.62 0.29 0.01
2019-01-31 -0.59 0.29 0.02
2018-10-31 -0.56 0.29 0.02
2018-07-31 -0.52 0.29 0.03
2018-04-30 -0.49 0.29 0.02
2018-01-31 -0.50 0.31 0.01
2017-10-31 -0.45 0.29 0.01
2017-07-31 -0.39 0.26 0.03
2017-04-30 -0.38 0.26 0.01
2017-01-31 -0.33 0.23 0.00
2016-10-31 -0.25 0.20 0.01
2016-07-31 -0.15 0.17 0.07
2016-04-30 0.30 0.19 0.02
2016-01-31 0.06 0.19 0.11
2015-10-31 0.01 0.00 0.16
2015-07-31 0.06 0.16 0.23
2015-04-30 -0.25 0.13 0.06
2015-01-31 -0.30 0.12 0.02
2014-10-31 -0.39 0.10 0.02
2014-07-31 -0.34 0.10 0.03
2014-04-30 -0.27 0.09 0.02
2014-01-31 -0.20 0.09 0.01
2013-10-31 -0.08 0.04 0.01
2013-07-31 -0.07 0.04 0.04
2013-04-30 0.02 0.04 0.05
2013-01-31 0.01 0.05 0.11
2012-10-31 -0.03 0.05 0.06
  • Avarone Metals has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Avarone Metals's debt level has increased considering it has negative shareholder equity.
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.

  • Avarone Metals has less than a year of cash runway based on current free cash flow.
  • Avarone Metals has less than a year of cash runway if free cash flow continues to reduce at historical rates of -59.6% each year.
X
Financial health checks
We assess Avarone Metals'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. Avarone Metals 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 Avarone Metals'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 Avarone Metals dividends.
If you bought CA$2,000 of Avarone Metals 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 Avarone Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Avarone Metals'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:AVM 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
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.1%
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 Avarone Metals has not reported any payouts.
  • Unable to verify if Avarone Metals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Avarone Metals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Avarone Metals 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 Avarone Metals'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 Avarone Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Avarone Metals 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 Avarone Metals'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
Marc Levy
COMPENSATION CA$99,256
AGE 50
TENURE AS CEO 11.4 years
CEO Bio

Mr. Marc E. Levy has been the President of Mosam Ventures since October 2004. Mr. Levy has been the President and Chief Executive Officer of Avarone Metals Inc. (alternate name, Remstar Resources Ltd.) since April 17, 2008. He served as the CFO of Avarone Metals Inc. from October 19, 2017 to April 27, 2018. He served as the Chief Executive Officer and President of Aurora Cannabis Inc. until December 9, 2014. He served as the Chief Executive Officer and President of Prescient Mining Corp., since August 1, 2008. He served as the Chief Executive Officer and President at Lornex Capital Inc., since May 2008. He served as the Chief Executive Officer and President of Metropolitan Energy Corp. (alternate name: Metropolitan Mining Inc.) from September 23, 2011 to May 2013. Mr. Levy served as Chief Executive Officer and President of Pan Global Resources Inc., until January 11, 2008. He founded Hudbay Peru Inc. He served as an interim Chief Executive Officer and President of Milk Capital Corp. since August 1, 2008. He served as President of Mosam Capital Corp. from February 1, 2006 to January 31, 2008 and also served as its Chief Executive Officer until January 31, 2008. He served as Chief Executive Officer of Hudbay Peru Inc. (formerly Norsemont Mining, Inc. and Consolidated Norsemont Ventures Limited) from March 23, 2004 to June 1, 2007 and as its President from March 23, 2004 to July 19, 2006. He served as Director of Sales for IP Applications from September 2000 to January 2004. Previously, he served as Director of Sales for Look Communications (previously ID Internet Direct), where he oversaw the various sales channels. Mr. Levy served as Vice President of Sales and Marketing for GAON Technologies BC and served as General Manager of a retail chain of computer stores. He has over 16 years of management and leadership experience in business. He has held numerous management and senior management positions with both private and public 24 companies. He served as Chairman of Hudbay Peru Inc. He has been a Director of Avarone Metals Inc. since August 1, 2006. He served as a Director of Sparrow Ventures Corp. from December 14, 2007 to August 24, 2015. He served as a Director of Aurora Cannabis Inc. until August 10, 2015 and Prescient Mining Corp. since December 21, 2006. He served as a Director of Metropolitan Energy Corp. from September 23, 2011 to May 2013 and Lornex Capital Inc. from May 12, 2008 to August 29, 2013. Mr. Levy served as a Director of Hudbay Peru Inc. from March 23, 2004 to June 25, 2007; Mosam Capital Corp. since February 1, 2006 and Pan Global Resources Inc. until January 11, 2008.

CEO Compensation
  • Marc's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Marc's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Avarone Metals management team in years:

5.3
Average Tenure
58.5
Average Age
  • The average tenure for the Avarone Metals management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Marc Levy

TITLE
President
COMPENSATION
CA$99K
AGE
50
TENURE
11.4 yrs

Kulwant Sandher

TITLE
Chief Financial Officer
AGE
57
TENURE
1.4 yrs

Peter Born

TITLE
Consulting Geologist
AGE
66
TENURE
0.2 yrs

Brian Soregaroli

TITLE
Vice President of Corporate Communications

Max Pinsky

TITLE
Secretary
AGE
60
TENURE
9.3 yrs
Board of Directors Tenure

Average tenure and age of the Avarone Metals board of directors in years:

6.1
Average Tenure
55
Average Age
  • The tenure for the Avarone Metals board of directors is about average.
Board of Directors

Marc Levy

TITLE
President
COMPENSATION
CA$99K
AGE
50
TENURE
13.1 yrs

Peter Lee

TITLE
Director
AGE
44
TENURE
0.9 yrs

Art Soregaroli

TITLE
Member of Advisory Board
TENURE
12.8 yrs

Donald Downing

TITLE
Member of Advisory Board
AGE
71
TENURE
11.3 yrs

John Bean

TITLE
Independent Director
AGE
55
TENURE
0.3 yrs

Rana Vig

TITLE
Independent Director
AGE
56
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
13. Jun 19 Sell Peter Lee Individual 13. Jun 19 13. Jun 19 -20,000 CA$0.10 CA$-2,000
06. May 19 Buy Peter Lee Individual 06. May 19 06. May 19 42,000 CA$0.06 CA$2,310
03. May 19 Buy Peter Lee Individual 03. May 19 03. May 19 8,000 CA$0.06 CA$440
27. Mar 19 Buy Peter Lee Individual 27. Mar 19 27. Mar 19 50,000 CA$0.05 CA$2,500
X
Management checks
We assess Avarone Metals'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. Avarone Metals 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

Did You Miss Avarone Metals's (CNSX:AVM) Impressive 173% Share Price Gain?

When you buy shares in a company, there is always a risk that the price drops to zero. … Of course, if you time it right, high risk investments like this can really pay off, as Avarone Metals investors might know. … If you would like to research Avarone Metals in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.

Simply Wall St -

Does Avarone Metals Inc's (CNSX:AVM) CEO Salary Reflect Performance?

Marc Levy is the CEO of Avarone Metals Inc (CNSX:AVM), which has recently grown to a market capitalization of CA$6.03m. … CEOs leading companies of similar size and profitability … View out our latest analysis for Avarone Metals

Simply Wall St -

Company Info

Description

Avarone Metals Inc., a junior resource exploration company, engages in the acquisition, exploration, and development of precious metals and energy based resource properties in Canada. It holds an option to acquire 100% interests in seven mineral claims known as the Wildnest and Phantom Lake gold properties located in the Flin Flon area of Manitoba and Saskatchewan. The company was formerly known as Remstar Resources Ltd. and changed its name to Avarone Metals Inc. in January 2014. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.

Details
Name: Avarone Metals Inc.
AVM
Exchange: CNSX
Founded: 1993
CA$8,487,932
89,346,661
Website: http://www.avarone.com
Address: Avarone Metals Inc.
700 West Pender Street,
Suite 610,
Vancouver,
British Columbia, V6C 1G8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX AVM Common Stock Canadian National Stock Exchange CA CAD 12. Dec 1995
OTCPK AVRT.F Common Stock Pink Sheets LLC US USD 12. Dec 1995
DB W2U1 Common Stock Deutsche Boerse AG DE EUR 12. Dec 1995
BST W2U1 Common Stock Boerse-Stuttgart DE CAD 12. Dec 1995
Number of employees
Current staff
Staff numbers
0
Avarone Metals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:56
End of day share price update: 2019/09/20 00:00
Last earnings filing: 2019/06/21
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/07/31


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.