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Explorex Resources

CNSX:EX
Snowflake Description

Mediocre balance sheet with weak fundamentals.

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

Explorex Resources Inc. engages in the acquisition, exploration, and development of mineral properties in British Columbia. The last earnings update was 25 days ago. More info.


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  • Explorex Resources has significant price volatility in the past 3 months.
EX Share Price and Events
7 Day Returns
0%
CNSX:EX
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
-25.9%
CNSX:EX
22%
CA Metals and Mining
-0.1%
CA Market
EX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Explorex Resources (EX) 0% 0% -13% -25.9% 11.1% 42.9%
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
  • EX underperformed the Metals and Mining industry which returned 22% over the past year.
  • EX underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
EX
Industry
5yr Volatility vs Market

EX Value

 Is Explorex Resources 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 Explorex Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.2.
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 Explorex Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Explorex Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:EX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.07
CNSX:EX Share Price ** CNSX (2019-09-19) in CAD CA$0.2
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 Explorex Resources.

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

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

= 0.2 ÷ -0.07

-2.92x

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

  • Explorex Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Explorex Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Explorex Resources's expected growth come at a high price?
Raw Data
CNSX:EX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.92x
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 Explorex Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Explorex Resources's assets?
Raw Data
CNSX:EX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.03
CNSX:EX Share Price * CNSX (2019-09-19) in CAD CA$0.2
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:EX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.2 ÷ 0.03

6.85x

* Primary Listing of Explorex Resources.

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

  • Explorex Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Explorex Resources'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. Explorex Resources 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.

EX Future Performance

 How is Explorex Resources 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 Explorex Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by 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 Explorex Resources expected to grow at an attractive rate?
  • Unable to compare Explorex Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Explorex Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Explorex Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:EX 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:EX 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:EX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 -1 -1
2019-03-31 -1 -1
2018-12-31 -1 -1
2018-09-30 -1 -2
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 -1 -1
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 0 0
2016-09-30 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Explorex Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Explorex Resources 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:EX 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 Explorex Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:EX Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.07
2019-03-31 -0.07
2018-12-31 -0.07
2018-09-30 -0.09
2018-06-30 -0.09
2018-03-31 -0.08
2017-12-31 -0.07
2017-09-30 -0.04
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.06
2016-09-30 -0.09

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

Next steps:

  1. Take a look at our analysis of EX’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. Explorex Resources'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. Explorex Resources'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 Explorex Resources'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.
Explorex Resources 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.

EX Past Performance

  How has Explorex Resources 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 Explorex Resources'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.
  • Explorex Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Explorex Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Explorex Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Explorex Resources'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 Explorex Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:EX 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 -1.42 0.67
2019-03-31 -1.37 0.61
2018-12-31 -1.24 0.95
2018-09-30 -1.50 1.16
2018-06-30 -1.35 1.10
2018-03-31 -1.11 0.91
2017-12-31 -0.84 0.83
2017-09-30 -0.43 0.43
2017-06-30 -0.37 0.37
2017-03-31 -0.33 0.33
2016-12-31 -0.32 0.32
2016-09-30 -0.45 0.30
2016-06-30 -0.38 0.23
2016-03-31 -0.37 0.21
2015-12-31 -0.36 0.20
2015-09-30 -0.22 0.20
2015-06-30 -0.21 0.18
2015-03-31 -0.19 0.18
2014-12-31 -0.20 0.18
2014-09-30 -0.19 0.17
2014-06-30 -0.19 0.17
2014-03-31 -0.19 0.17
2013-12-31 -0.46 0.19
2013-09-30 -0.44 0.18
2013-06-30 -0.45 0.19
2013-03-31 -0.44 0.17
2012-12-31 -0.18 0.16
2012-09-30 -0.16 0.15

*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 Explorex Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Explorex Resources 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 Explorex Resources 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 Explorex Resources'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.
Explorex Resources 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.

EX Health

 How is Explorex Resources'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 Explorex Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Explorex Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Explorex Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Explorex Resources'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.
  • High level of physical assets or inventory.
  • Explorex Resources has no debt, it does not need to be 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 Explorex Resources Company Filings, last reported 2 months ago.

CNSX:EX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 0.66 0.00 0.06
2019-03-31 0.63 0.00 0.07
2018-12-31 1.02 0.00 0.21
2018-09-30 0.82 0.00 0.18
2018-06-30 0.84 0.00 0.24
2018-03-31 0.59 0.00 0.13
2017-12-31 0.89 0.00 0.60
2017-09-30 0.03 0.00 0.05
2017-06-30 0.10 0.00 0.02
2017-03-31 0.10 0.00 0.02
2016-12-31 0.19 0.00 0.11
2016-09-30 0.25 0.00 0.22
2016-06-30 -0.02 0.00 0.08
2016-03-31 -0.06 0.00 0.00
2015-12-31 0.01 0.00 0.01
2015-09-30 0.07 0.00 0.06
2015-06-30 0.06 0.00 0.03
2015-03-31 0.12 0.00 0.10
2014-12-31 0.03 0.00 0.03
2014-09-30 0.06 0.00 0.06
2014-06-30 -0.01 0.00 0.00
2014-03-31 0.03 0.00 0.06
2013-12-31 0.10 0.00 0.09
2013-09-30 0.14 0.00 0.14
2013-06-30 0.18 0.00 0.17
2013-03-31 0.22 0.00 0.23
2012-12-31 0.53 0.00 0.25
2012-09-30 0.56 0.00 0.40
  • Explorex Resources has no debt.
  • Explorex Resources has not taken on any debt in the past 5 years.
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.

  • Explorex Resources has less than a year of cash runway based on current free cash flow.
  • Explorex Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 48.6% each year.
X
Financial health checks
We assess Explorex Resources'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. Explorex Resources has a total score of 3/6, 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.

EX Dividends

 What is Explorex Resources'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 Explorex Resources dividends.
If you bought CA$2,000 of Explorex Resources 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 Explorex Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Explorex Resources'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:EX 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 Explorex Resources has not reported any payouts.
  • Unable to verify if Explorex Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Explorex Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Explorex Resources 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 Explorex Resources'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 Explorex Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Explorex Resources 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.

EX Management

 What is the CEO of Explorex Resources'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
Gary David Schellenberg
COMPENSATION CA$69,515
AGE 60
TENURE AS CEO 2 years
CEO Bio

Mr. Gary David Albert Schellenberg, B.Sc. Geology, serves as Chief Executive Officer and Chairman at Troubadour Resources Inc. Mr. Schellenberg has been the Chief Executive Officer of ExplorEx Resources Inc. since September 7, 2017. Mr. Schellenberg served as Chief Executive Officer at Golden Coast Energy Corp. (formerly Sunridge Energy Corp.). He served as the Chief Executive Officer and President at TNR Gold Corp. since August 1990 until January 23, 2017. He was Chief Executive Officer of International Lithium Corp. until January 23, 2017 and served as its Executive Chairman. He served as the Managing Director of Finance of Sunridge Energy Corp. since February 2013. He served as the President, Chief Financial Officer, Principal Accounting Officer, Treasurer and Secretary of Colorado Goldfields, Inc. from February 11, 2004 to July 5, 2007 and served as its Chief Executive Officer until July 5, 2007 and its Vice President of Exploration since February 11, 2004. He is the Founder of the privately owned Coast Mountain Geological Ltd. and has been its President since 1997. He has mineral exploration and public company management experience including diamond exploration in the Northwest Territories. He served as the President of International Lithium Corp. He is a Promoter of Sunridge Energy Corp. and served as its Company Secretary. He served as Chief Executive Officer of Avion Gold Corporation since September 22, 1997. He also served as President and Chief Executive Officer of Global Immune Technologies Inc. from December 12, 1997 to August 29, 2003. At International Comstock, he was responsible for overseeing all business operations. International Comstock had one exploration project in Canada and was not successful in locating a commercially viable mineral property. He serves as Executive Chairman of Ameri Gold Corp. He served as Chairman of the Board of TNR Gold Corp. He served as Chairman of the Board of Avion Gold Corporation since September 22, 1997. He has been an Executive Director of Sunridge Energy Corp. since February 28, 2013. He has been a Director of Dunnedin Ventures Inc. since December 2014. He has been Director at New World Resource Corp. since April 10, 2002. He has been a Director of ExplorEx Resources Inc. since April 18, 2011. He has been Executive Director at International Lithium Corp. since March 26, 2009. He also serves as Director of Aurifer Capital Corp. He served as a Director of Aroway Energy Inc. since October 1, 2004. He was a Founding Director of Winspear Resources Ltd. He served as Director at TNR Gold Corp. since August 27, 1990 until January 23, 2017. He served as a Director of Solid Gold Resources Corp. from May 02, 2013 to June 2013. He served as a Director of Colorado Goldfields, Inc. from February 11, 2004 to July 29, 2008. He served as a Director of Jaxon Minerals Inc. since November 6, 2006. He served as a Director of Avion Gold Corporation since September 22, 1997. He served as a Director of Sunridge Energy Corp. from May 30, 2008 to February 28, 2011. He served as a Director of Latin American Minerals Inc. He served as a Director of Castillian Resources Corp. (now Coastal Gold Corp.) since February 2004 and Global Immune Technologies Inc. from December 12, 1997 to August 29, 2003. He graduated from the University of British Columbia in 1981 and acquired a Bachelor’s of Science in Geology.

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

Average tenure and age of the Explorex Resources management team in years:

2
Average Tenure
60
Average Age
  • The tenure for the Explorex Resources management team is about average.
Management Team

Gary David Schellenberg

TITLE
CEO & Director
COMPENSATION
CA$70K
AGE
60
TENURE
2 yrs

Mike Sieb

TITLE
President & Director
COMPENSATION
CA$78K
AGE
53
TENURE
2 yrs

Elizabeth Richards

TITLE
Chief Financial Officer
COMPENSATION
CA$37K
TENURE
1.7 yrs

Jim Mustard

TITLE
VP of Corporate Development & Director
COMPENSATION
CA$109K
AGE
66
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Explorex Resources board of directors in years:

2
Average Tenure
61
Average Age
  • The average tenure for the Explorex Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bill Wishart

TITLE
Chairman of the Board
COMPENSATION
CA$111K
TENURE
2 yrs

Gary David Schellenberg

TITLE
CEO & Director
COMPENSATION
CA$70K
AGE
60
TENURE
8.4 yrs

Mike Sieb

TITLE
President & Director
COMPENSATION
CA$78K
AGE
53
TENURE
2 yrs

Jim Mustard

TITLE
VP of Corporate Development & Director
COMPENSATION
CA$109K
AGE
66
TENURE
2.9 yrs

Jerry Bella

TITLE
Independent Director
COMPENSATION
CA$36K
AGE
62
TENURE
2 yrs

David Baril

TITLE
Member of Advisory Board
TENURE
1.5 yrs

Mike Zhou

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • Explorex Resources individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. Jun 19 Sell William E. Wishart Individual 28. Jun 19 28. Jun 19 -16,000 CA$0.25 CA$-3,920
27. Jun 19 Sell William E. Wishart Individual 27. Jun 19 27. Jun 19 -4,000 CA$0.25 CA$-980
26. Jun 19 Buy Coast Mountain Geological Ltd Company 25. Jun 19 25. Jun 19 3,000 CA$0.20 CA$600
16. Jun 19 Sell William E. Wishart Individual 14. Jun 19 14. Jun 19 -20,000 CA$0.28 CA$-5,500
12. Jun 19 Sell William E. Wishart Individual 12. Jun 19 12. Jun 19 -15,194 CA$0.28 CA$-4,253
10. Jun 19 Sell William E. Wishart Individual 07. Jun 19 10. Jun 19 -14,050 CA$0.28 CA$-3,918
06. Jun 19 Sell William E. Wishart Individual 03. Jun 19 06. Jun 19 -66,500 CA$0.28 CA$-17,864
03. Jun 19 Sell James Mustard Individual 03. Jun 19 03. Jun 19 -11,500 CA$0.27 CA$-3,105
03. Jun 19 Sell William E. Wishart Individual 29. May 19 29. May 19 -500 CA$0.26 CA$-130
27. May 19 Sell William E. Wishart Individual 23. May 19 24. May 19 -2,500 CA$0.26 CA$-650
22. May 19 Sell William E. Wishart Individual 21. May 19 21. May 19 -15,000 CA$0.26 CA$-3,900
16. May 19 Sell William E. Wishart Individual 15. May 19 15. May 19 -5,000 CA$0.26 CA$-1,300
15. May 19 Sell William E. Wishart Individual 14. May 19 14. May 19 -23,500 CA$0.27 CA$-6,165
25. Mar 19 Sell James Mustard Individual 22. Mar 19 22. Mar 19 -15,000 CA$0.30 CA$-4,500
16. Apr 19 Buy Gary David Schellenberg Individual 15. Apr 19 15. Apr 19 40,000 CA$0.25 CA$10,000
11. Apr 19 Sell James Mustard Individual 11. Apr 19 11. Apr 19 -9,000 CA$0.27 CA$-2,430
06. Mar 19 Buy Jerome Bella Individual 05. Mar 19 05. Mar 19 4,500 CA$0.29 CA$1,305
04. Mar 19 Buy Gary David Schellenberg Individual 04. Mar 19 04. Mar 19 20,000 CA$0.30 CA$6,000
19. Feb 19 Sell Michael Sieb Individual 12. Feb 19 12. Feb 19 -13,000 CA$0.30 CA$-3,900
15. Jan 19 Sell William E. Wishart Individual 15. Jan 19 15. Jan 19 -20,000 CA$0.32 CA$-6,083
09. Jan 19 Sell James Mustard Individual 08. Jan 19 08. Jan 19 -1,000 CA$0.32 CA$-320
19. Dec 18 Buy Jerome Bella Individual 19. Dec 18 19. Dec 18 15,000 CA$0.32 CA$4,800
06. Dec 18 Sell William E. Wishart Individual 06. Dec 18 06. Dec 18 -20,000 CA$0.40 CA$-8,000
05. Dec 18 Sell William E. Wishart Individual 05. Dec 18 05. Dec 18 -20,000 CA$0.41 CA$-8,200
10. Oct 18 Buy Coast Mountain Geological Ltd Company 10. Oct 18 10. Oct 18 2,000 CA$0.24 CA$480
03. Oct 18 Buy Coast Mountain Geological Ltd Company 03. Oct 18 03. Oct 18 8,000 CA$0.24 CA$1,920
X
Management checks
We assess Explorex Resources'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. Explorex Resources 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.

EX News

Simply Wall St News

Announcing: Explorex Resources (CNSX:EX) Stock Increased An Energizing 125% In The Last Five Years

It seems likely some shareholders believe that Explorex Resources will find or develop a valuable new mine before too long. … Of course, if you time it right, high risk investments like this can really pay off, as Explorex Resources investors might know. … A Different Perspective While the broader market gained around 0.6% in the last year, Explorex Resources shareholders lost 40%.

Simply Wall St -

Explorex Resources Inc (CNSX:EX): What Does It Mean For Your Portfolio?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Breaking Down Explorex Resources Inc's (CNSX:EX) Ownership Structure

In this article, I will take a quick look at Explorex Resources Inc’s (CNSX:EX) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for Explorex Resources

Simply Wall St -

EX Company Info

Description

Explorex Resources Inc. engages in the acquisition, exploration, and development of mineral properties in British Columbia. The company explores for silver, lead, zinc, copper, and gold, as well as cobalt and nickel deposits. It holds a 100% interest in the Arlington property covering 586.46 hectares located in the Beaverder mining camp, south-central British Columbia; and the Beatrice Mineral Property located in British Columbia. The company has an option agreement to acquire a 100% interest in the Cobalt-Paragon project located in the Larder Lake mining division in Tudhope township, Ontario; and an option agreement to acquire a 100% interest in the Silver Dollar property that covers an area of 3,160 hectares located in the southeast of Revelstoke, British Columbia. In addition, it has an option to earn 75% interest in the Co-Mn-Base Metals Kagoot Brook project covering an area of 4,233 hectare in New Brunswick; and the Buena Vista Hills Cobalt – IOCG project located in Pershing County, Nevada. The company was formerly known as Explorex Capital Ltd. and changed its name to Explorex Resources Inc. in June 2012. Explorex Resources Inc. was incorporated in 2011 and is based in Vancouver, Canada.

Details
Name: Explorex Resources Inc.
EX
Exchange: CNSX
Founded: 2011
CA$4,594,638
22,973,194
Website: http://explorex.ca
Address: Explorex Resources Inc.
625 Howe Street,
Suite 488,
Vancouver,
British Columbia, V6C 2T6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX EX Common Stock Canadian National Stock Exchange CA CAD 09. Aug 2011
OTCPK EXPX.F Common Stock Pink Sheets LLC US USD 09. Aug 2011
DB 1XE Common Stock Deutsche Boerse AG DE EUR 09. Aug 2011
Number of employees
Current staff
Staff numbers
0
Explorex Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:40
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/28
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


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.