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Far Resources

CNSX:FAT
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FAT
CNSX
CA$6M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Far Resources Ltd., an exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada and the United States. The last earnings update was 38 days ago. More info.


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  • Far Resources has significant price volatility in the past 3 months.
FAT Share Price and Events
7 Day Returns
0%
CNSX:FAT
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
-67.9%
CNSX:FAT
22%
CA Metals and Mining
-0.1%
CA Market
FAT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Far Resources (FAT) 0% 0% -35.7% -67.9% -25% -
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
  • FAT underperformed the Metals and Mining industry which returned 22% over the past year.
  • FAT underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
FAT
Industry
5yr Volatility vs Market

FAT Value

 Is Far 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 Far Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.045.
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 Far Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Far Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:FAT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.02
CNSX:FAT Share Price ** CNSX (2019-09-20) in CAD CA$0.05
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 Far Resources.

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

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

= 0.05 ÷ -0.02

-1.85x

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

  • Far Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Far Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Far Resources's expected growth come at a high price?
Raw Data
CNSX:FAT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.85x
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 Far Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Far Resources's assets?
Raw Data
CNSX:FAT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.05
CNSX:FAT Share Price * CNSX (2019-09-20) in CAD CA$0.05
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:FAT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.05 ÷ 0.05

0.9x

* Primary Listing of Far Resources.

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

  • Far Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Far 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. Far Resources has a total score of 1/6, 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.

FAT Future Performance

 How is Far 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 Far 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 Far Resources expected to grow at an attractive rate?
  • Unable to compare Far Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Far Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Far Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:FAT 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:FAT 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:FAT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 -1 -3
2019-03-31 -1 -3
2018-12-31 -2 -4
2018-09-30 -2 -11
2018-06-30 -2 -11
2018-03-31 -2 -11
2017-12-31 -1 -8
2017-09-30 -1 -2
2017-06-30 0 -1
2017-03-31 0 -1
2016-12-31 0 -1
2016-09-30 0 -1

*GAAP earnings excluding extraordinary items.

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

CNSX:FAT Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.02
2019-03-31 -0.03
2018-12-31 -0.04
2018-09-30 -0.11
2018-06-30 -0.11
2018-03-31 -0.12
2017-12-31 -0.11
2017-09-30 -0.03
2017-06-30 -0.02
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -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 Far 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 FAT’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. Far 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. Far 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 Far 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.
Far 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.

FAT Past Performance

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

CNSX:FAT 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 -2.55 2.03
2019-03-31 -2.72 2.19
2018-12-31 -3.69 2.79
2018-09-30 -10.63 9.82
2018-06-30 -11.03 10.25
2018-03-31 -10.66 9.89
2017-12-31 -8.34 8.16
2017-09-30 -1.86 1.79
2017-06-30 -1.40 1.26
2017-03-31 -1.26 1.13
2016-12-31 -1.01 0.81
2016-09-30 -0.71 0.60
2016-06-30 -0.34 0.29
2016-03-31 -0.18 0.17
2015-12-31 -0.11 0.10
2015-09-30 -0.10 0.10
2015-06-30 -0.13 0.13
2015-03-31 -0.15 0.14
2014-12-31 -0.45 0.19
2014-09-30 -0.50 0.23
2014-06-30 -0.53 0.24
2014-03-31 -0.58 0.29
2013-12-31 -0.33 0.27
2013-09-30 -0.28 0.25
2013-06-30 -0.26 0.25
2013-03-31 -0.19 0.20
2012-12-31 -0.20 0.19
2012-09-30 -0.20 0.19

*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 Far 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 Far 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 Far 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 Far 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.
Far 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.

FAT Health

 How is Far 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 Far Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Far Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Far Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Far 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.
  • Debt is covered by short term assets, assets are 15x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Far Resources Company Filings, last reported 2 months ago.

CNSX:FAT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 5.51 0.06 0.15
2019-03-31 5.75 0.01 0.14
2018-12-31 5.91 0.01 0.45
2018-09-30 6.23 0.01 1.47
2018-06-30 6.55 0.01 2.58
2018-03-31 6.57 0.11 3.21
2017-12-31 4.82 0.11 2.32
2017-09-30 3.70 0.01 1.39
2017-06-30 2.37 0.01 0.50
2017-03-31 1.19 0.01 0.31
2016-12-31 1.16 0.01 0.32
2016-09-30 0.87 0.01 0.38
2016-06-30 0.86 0.02 0.56
2016-03-31 -0.07 0.03 0.01
2015-12-31 -0.03 0.03 0.00
2015-09-30 -0.01 0.03 0.01
2015-06-30 0.01 0.02 0.01
2015-03-31 0.01 0.05 0.01
2014-12-31 -0.12 0.18 0.00
2014-09-30 -0.09 0.15 0.02
2014-06-30 -0.05 0.04 0.02
2014-03-31 0.00 0.04 0.02
2013-12-31 0.31 0.00 0.05
2013-09-30 0.38 0.00 0.13
2013-06-30 0.43 0.00 0.16
2013-03-31 0.51 0.00 0.24
2012-12-31 0.57 0.00 0.34
2012-09-30 0.61 0.00 0.51
  • Far Resources's level of debt (1%) compared to net worth is satisfactory (less than 40%).
  • Far Resources had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
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.

  • Far Resources has less than a year of cash runway based on current free cash flow.
  • Far Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 59.4% each year.
X
Financial health checks
We assess Far 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. Far 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.

FAT Dividends

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

FAT Management

 What is the CEO of Far 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
Toby Mayo
COMPENSATION CA$316,500
TENURE AS CEO 1.6 years
CEO Bio

Mr. Toby Mayo has been President and Chief Executive Officer of Far Resources Ltd. since May 18, 2018 and has been its Director since January 03, 2018. Mr. Mayo served as Interim Chief Executive Officer of Far Resources Ltd. from February 25, 2018 to May 18, 2018. He served as Vice President of Corporate Development at Far Resources Ltd. from January 2018 to May 18, 2018. He serves as a Consultant of Sustainability Pty Ltd. He served as the Chief Executive Officer and President at Redstar Gold Corp. from September 2014 to February 25, 2015. Mr. Mayo served as Senior Vice President of Corporate Development at Concordia Resource Corp. from March 8, 2011 to November 17, 2011, and its Senior Financial Analyst since November 9, 2010. He began his career with Rio Tinto as an Exploration Geologist. He served as President of Kaizen Discovery Inc. (also known as Concordia Resource Corp.) since November 17, 2011 until January 31, 2014. Prior to Western Uranium Corp., Mr. Mayo served as a Senior Technical Advisor and Consultant at Ivanhoe Mines Ltd., and was an Investment and Business Planning Consultant at Hatch in London, England. He has fifteen years of comprehensive and varied experience in the mining and metals sector. He served as a Director of Redstar Gold Corp. from September 2014 to February 25, 2015. Mr. Mayo holds a B.Sc. (Hons) degree in Geology from the University of Edinburgh and an LL.B. (Hons) in Law from the University of London.

CEO Compensation
  • Insufficient data for Toby to compare compensation growth.
  • Toby's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Far Resources management team in years:

0.3
Average Tenure
  • The average tenure for the Far Resources management team is less than 2 years, this suggests a new team.
Management Team

Toby Mayo

TITLE
President
COMPENSATION
CA$317K
TENURE
1.6 yrs

Leon Anderson

TITLE
Founder & Director
COMPENSATION
CA$12K
AGE
72

Eddy Yu

TITLE
Chief Financial Officer
TENURE
0.3 yrs

James Royall

TITLE
Technical Director & Director

Murray Seitz

TITLE
Strategy Director & Director

Jeff Dare

TITLE
Corporate Secretary
TENURE
0.3 yrs

Mark Fedikow

TITLE
Consultant
AGE
67
Board of Directors Tenure

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

2.1
Average Tenure
70
Average Age
  • The average tenure for the Far Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Toby Mayo

TITLE
President
COMPENSATION
CA$317K
TENURE
1.7 yrs

Leon Anderson

TITLE
Founder & Director
COMPENSATION
CA$12K
AGE
72
TENURE
14.2 yrs

James Royall

TITLE
Technical Director & Director
TENURE
0.8 yrs

Murray Seitz

TITLE
Strategy Director & Director
TENURE
0.8 yrs

Tookie Angus

TITLE
Member of Board of Advisors
AGE
70
TENURE
3.3 yrs

Jared Lazerson

TITLE
Member of Advisory Board
AGE
48
TENURE
2.6 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$) Value (CA$)
X
Management checks
We assess Far 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. Far 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.

FAT News

Simply Wall St News

Those Who Purchased Far Resources (CNSX:FAT) Shares A Year Ago Have A 73% Loss To Show For It

Even if you look out three years, the returns are still disappointing, with the share price down (the share price is down 39%) in that time. … But since the share price has dived -73% in the last year, it looks like some investors think it's time to abandon ship, so to speak. … Shareholders have lost 15% per year over the last three years, so the share price drop has become steeper, over the last year; a potential symptom of as yet unsolved challenges.

Simply Wall St -

How Many Insiders Bought Far Resources Ltd. (CNSX:FAT) Shares?

Keith Anderson made the biggest insider purchase in the last 12 months. … Keith Anderson was the only individual insider to buy over the year … Notably Keith Anderson was also the biggest seller, having sold CA$747k worth of shares

Simply Wall St -

Is Far Resources Ltd (CNSX:FAT) A Financially Sound Company?

Far Resources Ltd (CNSX:FAT) is a small-cap stock with a market capitalization of CA$27.36m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

FAT Company Info

Description

Far Resources Ltd., an exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada and the United States. It explores for lithium, silver, and gold properties. The company holds 100% interest in the Zoro Lithium project that comprise 16 claims with a total area of 3,603 hectares located in the Snow Lake region of Manitoba; and Winston property, a gold and silver property located in New Mexico, the United States. It also holds an option to acquire up to 90% interest in the Hidden Lake project located in Northwest Territories. The company was incorporated in 2005 and is headquartered in Vancouver, Canada.

Details
Name: Far Resources Ltd.
FAT
Exchange: CNSX
Founded: 2005
CA$5,868,943
130,420,965
Website: http://www.farresources.com
Address: Far Resources Ltd.
800 West Pender Street,
Suite 550,
Vancouver,
British Columbia, V6C 2V6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX FAT Common Shares Canadian National Stock Exchange CA CAD 23. Oct 2015
OTCPK FRRS.F Common Shares Pink Sheets LLC US USD 23. Oct 2015
DB F0R Common Shares Deutsche Boerse AG DE EUR 23. Oct 2015
Number of employees
Current staff
Staff numbers
0
Far Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:32
End of day share price update: 2019/09/20 00:00
Last earnings filing: 2019/08/15
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.