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Irving Resources

CNSX:IRV
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IRV
CNSX
CA$129M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Irving Resources Inc., a junior exploration stage company, focuses on exploring gold in Japan. The last earnings update was 54 days ago. More info.


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IRV Share Price and Events
7 Day Returns
5.2%
CNSX:IRV
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
140%
CNSX:IRV
22%
CA Metals and Mining
-0.1%
CA Market
IRV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Irving Resources (IRV) 5.2% -8.3% -14% 140% 700% -
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
  • IRV outperformed the Metals and Mining industry which returned 22% over the past year.
  • IRV outperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
IRV
Industry
5yr Volatility vs Market

Value

 Is Irving 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 Irving Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$2.64.
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 Irving Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Irving Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:IRV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in CAD CA$-0.07
CNSX:IRV Share Price ** CNSX (2019-09-20) in CAD CA$2.64
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 Irving Resources.

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

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

= 2.64 ÷ -0.07

-39.77x

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

  • Irving Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Irving Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Irving Resources's expected growth come at a high price?
Raw Data
CNSX:IRV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -39.77x
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 Irving Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Irving Resources's assets?
Raw Data
CNSX:IRV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in CAD CA$0.40
CNSX:IRV Share Price * CNSX (2019-09-20) in CAD CA$2.64
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:IRV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.64 ÷ 0.40

6.61x

* Primary Listing of Irving Resources.

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

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

Future Performance

 How is Irving 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 Irving 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 Irving Resources expected to grow at an attractive rate?
  • Unable to compare Irving Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Irving Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Irving Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:IRV 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:IRV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:IRV Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-05-31 0 -3
2019-02-28 -1 -3
2018-11-30 -1 -3
2018-08-31 -1 -2
2018-05-31 -1 -2
2018-02-28 -1 -2
2017-11-30 -1 -1
2017-08-31 -1 -1
2017-05-31 -1 -1
2017-02-28 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Irving Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Irving 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:IRV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Irving Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:IRV Past Financials Data
Date (Data in CAD Millions) EPS *
2019-05-31 -0.07
2019-02-28 -0.07
2018-11-30 -0.08
2018-08-31 -0.05
2018-05-31 -0.05
2018-02-28 -0.05
2017-11-30 -0.04
2017-08-31 -0.04
2017-05-31 -0.03
2017-02-28 -0.04

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

Next steps:

  1. Examine Irving Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Irving 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. Irving 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 Irving 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.
Irving 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.

Past Performance

  How has Irving 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 Irving 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.
  • Irving Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Irving Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Irving Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Irving 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 Irving Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:IRV Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-31 -2.79 1.53
2019-02-28 -2.88 1.36
2018-11-30 -3.02 1.24
2018-08-31 -1.57 1.33
2018-05-31 -1.70 1.28
2018-02-28 -1.62 1.19
2017-11-30 -1.28 1.08
2017-08-31 -1.12 0.88
2017-05-31 -0.86 0.80
2017-02-28 -0.75 0.68
2016-02-29 -0.34 0.25

*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 Irving 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 Irving 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 Irving 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 Irving 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.
Irving 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.

Health

 How is Irving 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 Irving Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Irving Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Irving Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Irving 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 not covered by short term assets, assets are -1.0410098641129E+18x 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 Irving Resources Company Filings, last reported 3 months ago.

CNSX:IRV Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 19.25 0.00 14.35
2019-02-28 10.78 0.00 6.61
2018-11-30 10.52 0.00 6.95
2018-08-31 9.49 0.00 5.25
2018-05-31 8.70 0.00 4.51
2018-02-28 8.47 0.00 4.39
2017-11-30 8.55 0.00 4.51
2017-08-31 8.60 0.00 5.53
2017-05-31 8.80 0.00 6.36
2017-02-28 8.92 0.00 6.59
2016-02-29 2.29 0.00 0.70
  • Irving Resources's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Irving Resources's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Irving Resources has sufficient cash runway for more than 3 years based on current free cash flow.
  • Irving Resources has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 16.7% each year.
X
Financial health checks
We assess Irving 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. Irving Resources has a total score of 5/6, 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 Irving 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 Irving Resources dividends.
If you bought CA$2,000 of Irving 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 Irving Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Irving 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:IRV 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 Irving Resources has not reported any payouts.
  • Unable to verify if Irving Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Irving Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Irving 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 Irving 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 Irving Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Irving 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.

Management

 What is the CEO of Irving 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
Akiko Levinson
COMPENSATION CA$72,000
AGE 64
TENURE AS CEO 4 years
CEO Bio

Mrs. Akiko Levinson has been the Chief Executive Officer and President of Irving Resources Inc. since September 23, 2015 and August 28, 2015 respectively. Mrs. Levinson has experience to the market, has extensive experience in mining finance and end-to-end rare earth mineral investment. She served as the Chief Executive Officer of Gold Canyon Resources Inc. from April 13, 2011 to September 26, 2012 and President since June 16, 2003 until November 2015. She served as Chief Executive Officer at Gold Canyon Resources Inc. since July 14, 2013 to November 2015. She served as the Chairwoman of Gold Canyon Resources Inc. She serves as the Chairwoman of Gold Canyon Resources USA Inc. Mrs. Levinson has been Independent Director of Novo Resources Corp. (also known as Galliard Resources Corp.) since June 9, 2011. She served as Director of Maple Gold Mines Ltd. (Formerly, Aurvista Gold Corporation) since August 15, 2017 until June 2018. She has been Director of Irving Resources Inc. since August 28, 2015. She has been a Director of Jipangu Holdings Inc. since 2010. She served as an Independent Director of Kaizen Discovery Inc. from December 2013 to June 30, 2016. Mrs. Levinson served as an External Director of Jipangu Inc. She served as a Director at Gold Canyon Resources Inc. since June 05, 1991 until November, 2015. She served as Director of Gold Canyon Resources USA Inc.

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

Akiko Levinson

TITLE
CEO, President & Director
COMPENSATION
CA$72K
AGE
64
TENURE
4 yrs

Lisa Sharp

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$99K
TENURE
4 yrs
Board of Directors Tenure

Average tenure of the Irving Resources board of directors in years:

3.6
Average Tenure
  • The tenure for the Irving Resources board of directors is about average.
Board of Directors

Akiko Levinson

TITLE
CEO, President & Director
COMPENSATION
CA$72K
AGE
64
TENURE
4.1 yrs

Quinton Hennigh

TITLE
Director
COMPENSATION
CA$72K
AGE
52
TENURE
4 yrs

Kevin Box

TITLE
Director
COMPENSATION
CA$11K
TENURE
3.3 yrs

Doug Buchanan

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • Irving 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$) Value (CA$)
22. Jul 19 Sell Lisa Sharp Individual 18. Jul 19 18. Jul 19 -10,000 CA$3.17 CA$-31,700
03. Dec 18 Sell Lisa Sharp Individual 29. Nov 18 03. Dec 18 -12,000 CA$1.64 CA$-19,609
27. Nov 18 Buy Akiko Levinson Individual 26. Nov 18 26. Nov 18 40,000 CA$1.10 CA$44,000
X
Management checks
We assess Irving 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. Irving 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.

News

Simply Wall St News

Did You Miss Irving Resources's (CNSX:IRV) Magnificent 1400% Share Price Gain?

However you can take a look at whether insiders have been buying up shares. … You can click here to see who has been buying shares - and the price they paid. … Irving Resources is not the only stock insiders are buying.

Simply Wall St -

Investors Who Bought Irving Resources Shares Three Years Ago Are Now Up 1655%

View our latest analysis for Irving Resources. … Irving Resources didn't have any revenue in the last year, so it's fair to say it doesn't yet have a proven product (or at least not one people are paying for). … It seems likely some shareholders believe that Irving Resources will find or develop a valuable new mine before too long.

Simply Wall St -

Who Are The Major Shareholders In Irving Resources Inc (CNSX:IRV)?

I am going to take a deep dive into Irving Resources Inc’s (CNSX:IRV) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

How Should Investors React To Irving Resources Inc's (CNSX:IRV) CEO Pay?

Akiko Levinson took the helm as Irving Resources Inc's (CNSX:IRV) CEO and grew market cap to CA$40.92m recently. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … Check out our latest analysis for Irving Resources

Simply Wall St -

Company Info

Description

Irving Resources Inc., a junior exploration stage company, focuses on exploring gold in Japan. It also explores for copper, silver, gold, and precious metals, as well as rare earth elements. The company holds interest in the Omui property that covers an area of 2.98 square kilometers; Shimokawa property, which comprises an area of 48.50 square kilometers; Utanobori property that covers an area of 88.14 square kilometers; Rubeshibe property, which comprises an area of 188.8 square kilometers; Sado Island Gold project that covers an area of 86.53 square kilometers; and Eniwa Gold project, which comprises an area of 56.15 square kilometers located in Japan. In addition, it holds interest in various exploration programs in the Republic of Malawi. The company was incorporated in 2015 and is headquartered in Vancouver, Canada.

Details
Name: Irving Resources Inc.
IRV
Exchange: CNSX
Founded: 2015
CA$129,181,448
48,932,367
Website: http://www.irvresources.com
Address: Irving Resources Inc.
999 Canada Place,
Suite 404,
Vancouver,
British Columbia, V6C 3E2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX IRV Common Shares Canadian National Stock Exchange CA CAD 23. Dec 2015
OTCPK IRVR.F Common Shares Pink Sheets LLC US USD 23. Dec 2015
DB 1IR Common Shares Deutsche Boerse AG DE EUR 23. Dec 2015
Number of employees
Current staff
Staff numbers
0
Irving Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:37
End of day share price update: 2019/09/20 00:00
Last earnings filing: 2019/07/30
Last earnings reported: 2019/05/31
Last annual earnings reported: 2019/02/28


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.