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Evolving Gold

CNSX:EVG
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVG
CNSX
€865K
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Evolving Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of natural resource properties in Canada and the United States. The last earnings update was 91 days ago. More info.


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EVG Share Price and Events
7 Day Returns
0%
CNSX:EVG
-1.3%
CA Metals and Mining
0.5%
CA Market
1 Year Returns
-70%
CNSX:EVG
-10.5%
CA Metals and Mining
-2.7%
CA Market
EVG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evolving Gold (EVG) 0% 0% 15.4% -70% 25% -82.1%
CA Metals and Mining -1.3% 0.6% -3.5% -10.5% 133.5% 43.2%
CA Market 0.5% 0.5% -7.2% -2.7% 41.7% 54.7%
1 Year Return vs Industry and Market
  • EVG underperformed the Metals and Mining industry which returned -10.5% over the past year.
  • EVG underperformed the Market in Canada which returned -2.7% over the past year.
Price Volatility
EVG
Industry
5yr Volatility vs Market

Value

 Is Evolving Gold 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 Evolving Gold is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Evolving Gold 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 Evolving Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.075.
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 Evolving Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evolving Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:EVG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CAD CA$-0.07
DB:EV71 Share Price ** DB (2018-08-31) in EUR €0.05
DB:EV71 Share Price converted to CAD reporting currency Exchange rate (EUR/ CAD) 1.505 CA$0.08
Canada Metals and Mining Industry PE Ratio Median Figure of 122 Publicly-Listed Metals and Mining Companies 9.16x
Canada Market PE Ratio Median Figure of 549 Publicly-Listed Companies 13.8x

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

** Primary Listing of Evolving Gold.

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

= DB:EV71 Share Price ÷ EPS (both in CAD)

= 0.08 ÷ -0.07

-1.01x

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

  • Evolving Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Evolving Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Evolving Gold's expected growth come at a high price?
Raw Data
CNSX:EVG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.01x
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 44 Publicly-Listed Metals and Mining Companies 0.34x
Canada Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 0.9x

*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 Evolving Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Evolving Gold's assets?
Raw Data
CNSX:EVG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CAD CA$-0.03
DB:EV71 Share Price * DB (2018-08-31) in EUR €0.05
DB:EV71 Share Price converted to CAD reporting currency Exchange rate (EUR/ CAD) 1.505 CA$0.08
Canada Metals and Mining Industry PB Ratio Median Figure of 1,063 Publicly-Listed Metals and Mining Companies 1.29x
Canada Market PB Ratio Median Figure of 2,267 Publicly-Listed Companies 1.47x
CNSX:EVG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:EV71 Share Price ÷ Book Value per Share (both in CAD)

= 0.08 ÷ -0.03

-2.57x

* Primary Listing of Evolving Gold.

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

  • Evolving Gold 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 EVG’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 Evolving Gold'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 Evolving Gold'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. Evolving Gold 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 Evolving Gold 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 Evolving Gold 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
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evolving Gold expected to grow at an attractive rate?
  • Unable to compare Evolving Gold's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Evolving Gold's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Evolving Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:EVG Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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:EVG 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:EVG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 -1 -2
2017-09-30 -1 -1
2017-06-30 -0 -1
2017-03-31 -0 -1
2016-12-31 -1 -0
2016-09-30 -1 -0
2016-06-30 -1 2
2016-03-31 -1 2
2015-12-31 -0 2
2015-09-30 0 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Evolving Gold is high growth as no earnings estimate data is available.
  • Unable to determine if Evolving Gold 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:EVG 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 Evolving Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:EVG Past Financials Data
Date (Data in CAD Millions) EPS *
2018-06-30 -0.07
2018-03-31 -0.07
2017-12-31 -0.10
2017-09-30 -0.09
2017-06-30 -0.07
2017-03-31 -0.08
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 0.15
2016-03-31 0.16
2015-12-31 0.17
2015-09-30 0.23

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

Next steps:

  1. Take a look at our analysis of EVG’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. Evolving Gold'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. Evolving Gold'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 Evolving Gold'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.
Evolving Gold 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 Evolving Gold 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 Evolving Gold'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.
  • Evolving Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Evolving Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Evolving Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Evolving Gold'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 Evolving Gold Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:EVG Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 -1.17 1.10
2018-03-31 -1.04 1.16
2017-12-31 -1.57 1.38
2017-09-30 -1.43 1.37
2017-06-30 -1.14 1.23
2017-03-31 -1.25 1.32
2016-12-31 -0.25 1.01
2016-09-30 -0.27 0.81
2016-06-30 2.37 0.71
2016-03-31 2.47 0.64
2015-12-31 2.04 0.77
2015-09-30 2.17 0.79
2015-06-30 -0.32 0.95
2015-03-31 0.29 0.92
2014-12-31 6.90 1.79
2014-09-30 6.46 1.76
2014-06-30 -1.73 1.62
2014-03-31 -2.04 1.74
2013-12-31 -10.94 1.55
2013-09-30 -21.82 1.89
2013-06-30 -15.74 2.96
2013-03-31 -15.99 3.14
2012-12-31 -15.87 3.60
2012-09-30 -5.43 3.13
2012-06-30 -5.30 3.60
2012-03-31 -4.86 3.86
2011-12-31 -0.87 4.08

*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 Evolving Gold 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 Evolving Gold 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 Evolving Gold 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 Evolving Gold'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.
Evolving Gold 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 Evolving Gold'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 Evolving Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evolving Gold's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Evolving Gold's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evolving Gold'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.
  • Evolving Gold 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 Evolving Gold Company Filings, last reported 4 months ago.

CNSX:EVG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -0.46 0.00 0.10
2018-03-31 -0.20 0.00 0.40
2017-12-31 -0.12 0.00 0.50
2017-09-30 0.28 0.00 0.90
2017-06-30 0.61 0.00 1.28
2017-03-31 0.74 0.00 1.48
2016-12-31 1.15 0.00 1.90
2016-09-30 1.41 0.00 2.06
2016-06-30 1.25 0.00 1.12
2016-03-31 1.29 0.00 1.22
2015-12-31 1.26 0.00 1.20
2015-09-30 1.28 0.00 1.03
2015-06-30 -1.24 0.00 0.12
2015-03-31 -1.12 0.00 0.19
2014-12-31 8.65 0.71 0.25
2014-09-30 8.52 0.00 0.40
2014-06-30 7.77 0.00 0.39
2014-03-31 -1.81 0.00 0.08
2013-12-31 37.16 0.00 0.09
2013-09-30 36.16 0.00 0.32
2013-06-30 44.69 0.00 0.57
2013-03-31 43.64 0.00 1.41
2012-12-31 42.60 0.00 1.82
2012-09-30 53.30 0.00 3.76
2012-06-30 53.59 0.00 3.40
2012-03-31 54.55 0.00 9.18
2011-12-31 58.50 0.00 6.00
  • Evolving Gold has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Evolving Gold'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.

  • Evolving Gold has less than a year of cash runway based on current free cash flow.
  • Evolving Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 45.6% each year.
X
Financial health checks
We assess Evolving Gold'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. Evolving Gold 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 Evolving Gold'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 Evolving Gold dividends.
If you bought CA$2,000 of Evolving Gold 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 Evolving Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Evolving Gold'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:EVG 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 27 Stocks 1.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.2%
Canada Top 25% Dividend Yield 75th Percentile 6.2%

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 Evolving Gold has not reported any payouts.
  • Unable to verify if Evolving Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Evolving Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Evolving Gold 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 Evolving Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Evolving Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evolving Gold 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 Evolving Gold'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
R. Duncan
COMPENSATION CA$154,200
AGE 57
TENURE AS CEO 6.8 years
CEO Bio

Mr. R. Bruce Duncan is the Founder of Canada Coal Inc. and has been its Chief Executive Officer and President since February 28, 2014. Mr. Duncan serves as the Chief Executive Officer, President and Director of Nord Iron Mines Inc. Mr. Duncan has been the Chief Executive Officer and President of Canada Carbon Inc. since March 18, 2013 and Evolving Gold Corp. since February 22, 2012. He has been the President of West Oak Capital Partners Inc. since March 1997 and serves as its Principal. He has over 30 years of capital market and brokerage industry experience, including eight years with Gordon Capital Corporation. He served as the President of Evolving Gold Corp. He served as the Chief Executive Officer and President at Northern Empire Resources Corp., (Formerly, Prosperity Goldfields Corp) since September 2010. Mr. Duncan is a Corporate finance and investment banker. He served as the Chief Executive Officer and President of Bolero Resources Corp. from December 7, 2005 to May 23, 2012. He served as the President and Chief Executive Officer of AusPotash Corporation. Mr. Duncan has extensive experience advising on corporate takeovers, both friendly and hostile, either by designing and executing effective approaches to acquiring assets or by implementing defensive strategies. He has been Executive Chairman of Bolero Resources Corp. since May 23, 2012 and Canada Carbon Inc. since May 23, 2012. He has been the Chairman at Potash Ridge Corporation since July 19, 2017. He has been Executive Chairman of Potash Ridge Corp. He serves as Executive Chairman of Canada Coal Inc. and has been its Director since February 23, 2012. He has been a Director of Canada carbon Inc, since December 07, 2005; Bolero Resources Corp. since December 7, 2005. He has been a Non-Independent Director at Evolving Gold Corp. since May 21, 2010. He has been a Director of Potash Ridge Corporation since July 10, 2017. He served as a Director of AusPotash Corporation. He served as a Director at GEO Minerals Ltd. He served as Director of Imagination Park Entertainment Inc., (Formerly, GeoNovus Minerals Corp) from October 2012 to February 14, 2015. He served as Member of Advisory Board at CKR Carbon Corporation (Formerly, Caribou King Resources Ltd) since March 7, 2013 and Alix Resources Corp. since August 27, 2007. He served as a Director of Northern Empire Resources Corp., from September 2010 to July 10, 2012; SunOil Ltd., (Formerly, Blackstream Energy Corporation) from April 6, 2006 to February 4, 2008. Mr. Duncan has a Limited Market Dealer (LMD) license which is issued by and regulated by the Ontario Securities Commission under the name West Oak Capital Partners Inc.

CEO Compensation
  • R.'s compensation has increased whilst company is loss making.
  • R.'s remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Evolving Gold management team in years:

6.8
Average Tenure
62
Average Age
  • The average tenure for the Evolving Gold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

R. Duncan

TITLE
President & CEO
COMPENSATION
CA$154K
AGE
57
TENURE
6.8 yrs

Chuck Jenkins

TITLE
Chief Financial Officer
COMPENSATION
CA$110K
AGE
62
TENURE
7.9 yrs

Jean-Philippe Paiement

TITLE
Senior Geologist
TENURE
2.8 yrs

Charles Hodgson

TITLE
Technical Advisor
AGE
82
Board of Directors

R. Duncan

TITLE
President & CEO
COMPENSATION
CA$154K
AGE
57
TENURE
8.5 yrs

Nick Horsley

TITLE
Director
COMPENSATION
CA$36K
AGE
36
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
02. Apr 18 Buy R. Duncan Individual 12. Mar 18 29. Mar 18 100,000 CA$0.11 CA$11,006
X
Management checks
We assess Evolving Gold'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. Evolving Gold 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.

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Company Info

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Description

Evolving Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of natural resource properties in Canada and the United States. The company’s flagship property is the Lithium Lakes property covering an area of 72.5 square kilometers in Quebec. It also has interests in the Toro property located in the James Bay area of the Quebec province; the Oxen property that consists of 17 claims covering an area of 788.59 hectares located in Labrador Trough, Quebec; and the Nicobi property that consists of 57 contiguous claims covering an area of 3,193 hectares located in the Abitibi area of the Quebec province. The company was formerly known as 6109527 Canada Ltd. and changed its name to Evolving Gold Corp. in September 2003. Evolving Gold Corp. was incorporated in 2003 and is headquartered in Vancouver, Canada.

Details
Name: Evolving Gold Corp.
EVG
Exchange: CNSX
Founded: 2003
€1,301,329
15,722,378
Website: http://www.evolvinggold.com
Address: Evolving Gold Corp.
1166 Alberni Street,
Suite 605,
Vancouver,
British Columbia, V6E 3Z3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB EV71 Common Shares Deutsche Boerse AG DE EUR 27. Jul 2005
CNSX EVG Common Shares Canadian National Stock Exchange CA CAD 27. Jul 2005
Number of employees
Current staff
Staff numbers
0
Evolving Gold employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/28 21:39
End of day share price update: 2018/08/31 00:00
Last earnings filing: 2018/08/29
Last earnings reported: 2018/06/30
Last annual earnings reported: 2018/03/31


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.