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Montego Resources

CNSX:MY
Snowflake Description

Imperfect balance sheet and overvalued.

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

Montego Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties. The last earnings update was 137 days ago. More info.


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MY Share Price and Events
7 Day Returns
0%
CNSX:MY
0.1%
CA Metals and Mining
-0.4%
CA Market
1 Year Returns
-
CNSX:MY
-0.9%
CA Metals and Mining
-3.1%
CA Market
MY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Montego Resources (MY) 0% 0% 0% - -96.6% -
CA Metals and Mining 0.1% 6.2% 4.4% -0.9% -20.2% -19.8%
CA Market -0.4% 0.8% -1.7% -3.1% 8.2% 0.9%
1 Year Return vs Industry and Market
  • No trading data on MY.
  • No trading data on MY.
Price Volatility
MY
Industry
5yr Volatility vs Market

Value

 Is Montego 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 Montego Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.05.
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 Montego Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Montego Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:MY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.05
CNSX:MY Share Price ** CNSX (2019-04-17) in CAD CA$0.05
Canada Metals and Mining Industry PE Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 15.36x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15x

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

** Primary Listing of Montego Resources.

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

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

= 0.05 ÷ -0.05

-0.96x

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

  • Montego Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Montego Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Montego Resources's expected growth come at a high price?
Raw Data
CNSX:MY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.96x
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 37 Publicly-Listed Metals and Mining Companies 0.83x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.16x

*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 Montego Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Montego Resources's assets?
Raw Data
CNSX:MY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.06
CNSX:MY Share Price * CNSX (2019-04-17) in CAD CA$0.05
Canada Metals and Mining Industry PB Ratio Median Figure of 1,099 Publicly-Listed Metals and Mining Companies 1.37x
Canada Market PB Ratio Median Figure of 2,436 Publicly-Listed Companies 1.42x
CNSX:MY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.05 ÷ 0.06

0.91x

* Primary Listing of Montego Resources.

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

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

Future Performance

 How is Montego 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 Montego 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
29.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Montego Resources expected to grow at an attractive rate?
  • Unable to compare Montego Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Montego Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Montego Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:MY Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 29.6%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:MY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:MY Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 -2 -2
2018-09-30 -3 -3
2018-06-30 -3 -4
2018-03-31 -3 -3
2017-12-31 -3 -3
2017-09-30 -2 -2
2017-06-30 -2 -2
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -1
2016-06-30 0 0
2016-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Montego Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Montego 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:MY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Montego Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MY Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.05
2018-09-30 -0.08
2018-06-30 -0.11
2018-03-31 -0.14
2017-12-31 -0.18
2017-09-30 -0.18
2017-06-30 -0.27
2017-03-31 -0.37
2016-12-31 -0.56
2016-09-30 -0.67
2016-06-30 -0.15
2016-03-31 -0.17

*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 Montego 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 MY’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. Montego 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. Montego 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 Montego 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.
Montego 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 Montego 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 Montego 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.
  • Montego Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Montego Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Montego Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Montego 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 Montego Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MY Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -2.32 2.10
2018-09-30 -3.23 2.87
2018-06-30 -3.51 3.02
2018-03-31 -3.46 3.00
2017-12-31 -2.87 2.31
2017-09-30 -1.90 1.52
2017-06-30 -1.85 1.67
2017-03-31 -1.20 1.18
2016-12-31 -1.08 1.07
2016-09-30 -0.93 0.91
2016-06-30 -0.18 0.16
2016-03-31 -0.20 0.18
2015-12-31 -0.33 0.31
2015-09-30 -0.32 0.30
2015-06-30 -0.34 0.31
2015-03-31 -0.31 0.29
2014-12-31 -0.15 0.14
2014-09-30 -0.13 0.12
2014-06-30 -0.10 0.10
2013-06-30 -0.36 0.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Montego 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 Montego 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 Montego 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 Montego 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.
Montego 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 Montego 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 Montego Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Montego Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Montego Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Montego 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 1.5x 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 Montego Resources Company Filings, last reported 6 months ago.

CNSX:MY Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2.49 1.11 1.44
2018-09-30 2.77 1.06 1.54
2018-06-30 3.34 1.02 2.08
2018-03-31 3.82 0.99 2.73
2017-12-31 2.36 0.96 1.23
2017-09-30 1.50 0.00 0.00
2017-06-30 2.14 0.00 0.16
2017-03-31 2.27 0.00 0.83
2016-12-31 0.88 0.00 0.27
2016-09-30 1.10 0.00 0.47
2016-06-30 0.05 0.00 0.00
2016-03-31 0.09 0.00 0.01
2015-12-31 0.14 0.00 0.00
2015-09-30 0.19 0.00 0.01
2015-06-30 0.23 0.00 0.05
2015-03-31 0.29 0.00 0.09
2014-12-31 -0.02 0.00 0.00
2014-09-30 0.03 0.00 0.02
2014-06-30 0.06 0.00 0.01
2013-06-30 0.04 0.00 0.02
  • Montego Resources's level of debt (44.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 44.3% today).
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.

  • Montego Resources has less than a year of cash runway based on current free cash flow.
  • Montego Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 69.5% each year.
X
Financial health checks
We assess Montego 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. Montego Resources has a total score of 2/6, 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 Montego 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 Montego Resources dividends.
If you bought CA$2,000 of Montego 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 Montego Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Montego 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:MY 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 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

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 Montego Resources has not reported any payouts.
  • Unable to verify if Montego Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Montego Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Montego 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 Montego 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 Montego Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Montego 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 Montego 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
Anthony Jackson
COMPENSATION CA$0
TENURE AS CEO 0.3 years
CEO Bio

Mr. Anthony K. Jackson, B.B.A, CPA, CA has been the Chief Executive Officer, President, Secretary and Director at Intact Gold Corp. since May 13, 2015, which provides financial advisory services to public and private companies. Mr. Jackson has been Chief Financial Officer of Goldbelt Empires Limited since March 14, 2018 and serves as Director since May 25, 2018. He has been Interim Chief Executive Officer of Montego Resources Inc., since April 2019. He has been Chief Financial Officer and Director at Montego Resources Inc. since August 24, 2016. Mr. Jackson served as Corporate Secretary at Goldbelt Empires Limited since March14, 2018 till June 26, 2018. Mr. Jackson 2018 served as Chief Financial Officer of Koios Beverage Corp. until November 28, 2018 and served as its Director since April 13, 2018 until November 28, 2018. Mr. Jackson served as a Chief Financial Officer and Corporate Secretary of BlockchainK2 Corp. (Formerly known as Africa Hydrocarbons Inc.) since January 2018 until January 30, 2019. Mr. Jackson has been Interim Chief Financial Officer and Corporate Secretary at Dorex Minerals Inc. since June 30, 2017. Mr. Jackson served as Chief Financial Officer and Corporate Secretary at Crystal Exploration Inc. from February 01, 2017 to May 2018. He served as the Chief Financial Officer of Royal Sapphire Corp. from May 27, 2014 to December 29, 2017 and served as its Interim Chief Executive Officer since June 2017. He served as Chief Financial Officer and Secretary of Katipult Technology Corp. since August 2017 to January 24, 2018. Mr. Jackson has been the Chief Financial Officer at Alta Vista Ventures Ltd. since March 20, 2017. He served as the Chief Financial Officer at Abattis Bioceuticals Corp from June 12, 2017 to February 8, 2018. He is the Chief Executive Officer at Arcturus Ventures Inc. since January 17, 2017 and has been its Chief Financial Officer and Director since June 23, 2017 and December 19, 2016 respectively. He served as the Chief Financial Officer at Global UAV Technologies Ltd since March 20, 2017 until July 23, 2018. He served as Chief Financial Officer and Corporate Secretary at Cipher Resources Inc. from June 30, 2017 to June 14, 2018. Mr. Jackson served as Chief Financial Officer and Corporate Secretary at Eyecarrot Innovations Corp. (also known as Nanton Nickel Corporation) until January 11, 2019. He has been Chief Executive Officer of Fire River Gold Corp. since February 2016 and SVT Capital Corp. since January 13, 2016. He has been an Interim Chief Financial Officer of SVT Capital Corp. since April 17, 2017. Mr. Jackson has been Chief Financial Officer at Tiller Resources Ltd. since May 28, 2014 and serves as its Company Secretary. He served as Chief Financial Officer of Gatekeeper Systems, Inc. since September 03, 2015. He served as a Director at Tisdale Resources Corp. (formerly known as Senator Minerals Inc.) from December 5, 2014 to October 5, 2018. He has been Chief Financial Officer of Tintina Resources Inc. since December 2, 2016; Metropolitan Energy Corp. since May 2016; Go-Page Corporation since January 10, 2014; Kincora Copper Limited since September 15, 2014 and Oil Optimization Inc. since November 14, 2016. He served as the Chief Financial Officer of Catalina Gold Corp. since May 3, 2016. He served as a Director of Kincora Copper Limited since May 10, 2018 until August 2018. Mr. Jackson serves as Chief Financial Officer at Navis Resources Corp. Mr. Jackson has been the Chief Executive Officer at Verona Development Corp. since January 13, 2016. He was Chief Financial Officer of American Potash Corp. since February 23, 2015. Mr. Jackson serves as the Chief Financial Officer at Scorpion Resources, Inc. Mr. Jackson has been the Chief Financial Officer of 88 Capital Corp. since November 19, 2014. He served as the Chief Financial Officer at MegumaGold Corp. from November 30, 2016 to June 2018. He served as Chief Financial Officer at Kaneh Bosm BioTechnology Inc. since November 07, 2014 until June 2018. Mr. Jackson has been the Chief Financial Officer of Altan Nevada Minerals Limited since June 3, 2013. Mr. Jackson has been the Chief Financial Officer of Altan Rio Minerals Limited since June 2013. He is the Founder and Principal of Jackson & Company Chartered Accountants, where he assists in private and public companies with full service accounting and tax functions. He has been the Chief Financial Officer of Dynasty Gold Corp. since September 1, 2011. He is the Founder and Principal of BridgeMark Financial Corp. He has been the Chief Financial Officer of Mediterranean Resources Ltd. since May 23, 2014. Mr. Jackson has a broad range of software experience, with Software-as-a-Service ("SaaS") experience spanning across the North American and International markets. He has extensive experience as a Director and Chief Financial Officer of numerous publicly traded corporations in the metals and mining industry. Mr. Jackson led financial reporting teams and developed financial valuation models within various SaaS organizations. He served as the Chief Financial Officer of Bravura Ventures Corp. from October 12, 2012 to July 2016. He served as the Chief Financial Officer at LOOPShare LTD. He served as Chief Financial Officer of Prize Mining Corporation from September 27, 2016 to January 31, 2018. Mr. Jackson serves as Director of Vantex Resources Ltd. and Global Health Clinics Ltd. Mr. Jackson served as the Chief Financial Officer of Kenna Resources Corp since May 30, 2014 until February 2016 and its Secretary until February 2016. He served as the Chief Financial Officer of Global Hunter Corp. from May 8, 2015 to June 13, 2016. He served as the Chief Financial Officer of Silver Predator Corp. from November 1, 2012 to September 15, 2014. He served as the Chief Financial Officer of Rio2 Limited (Prospector Resources Corp) from August 31, 2014 to March 1, 2017 and served as its Corporate Secretary until March 2017. He served as Chief Financial Officer of Transatlantic Mining Corp., (also known as Archean Star Resources Inc.) since September 2013 until July 4, 2014. Mr. Jackson worked at Ernst &Young and as a Senior Analyst with an investment banking firm. Mr. Jackson served as the Chief Financial Officer of Arian Resources Corp. from November 24, 2010 to July 3, 2014 and served as its Corporate Secretary since July 13, 2011. He served as the Chief Financial Officer at Redlion Resources Corporation. He served as the Chief Financial Officer of Mediterranean Resources Ltd. from June 01, 2012 to March 18, 2014 and its Consulting Accountant since March 2014. He served as a Senior Analyst of Evans & Evans Inc. from January 2008 to October 2008. He served as the Chief Financial Officer of Westridge Resources Inc. from November 30, 2011 to January 18, 2013. He was a Partner of JH Financial LLP where he served as an Interim Controller or Chief Financial Officer and by providing tax credit services. He served as a Senior Analyst at a boutique investment

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

Anthony Jackson

TITLE
Interim CEO
TENURE
0.3 yrs

Adam Cegielski

TITLE
Corporate Secretary
AGE
43
TENURE
0.3 yrs
Board of Directors

Anthony Jackson

TITLE
Interim CEO
TENURE
2.9 yrs

Mo Ahmad

TITLE
Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. Aug 18 Buy Anthony Jackson Individual 27. Aug 18 27. Aug 18 8,000 CA$0.23 CA$1,815
27. Aug 18 Buy Anthony Jackson Individual 24. Aug 18 24. Aug 18 7,000 CA$0.23 CA$1,610
23. Aug 18 Buy Anthony Jackson Individual 23. Aug 18 23. Aug 18 7,000 CA$0.24 CA$1,680
21. Aug 18 Buy Anthony Jackson Individual 20. Aug 18 20. Aug 18 20,000 CA$0.27 CA$5,300
X
Management checks
We assess Montego 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. Montego 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

Company Info

Description

Montego Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties. It holds an agreement to acquire the Black Dog gold project that consists of 27 mineral claims covering an area of approximately 1,400 hectares located in Northern Quebec; and an option agreement to acquire a 100% interest in the Taylor silver project located in White Pine County, Nevada. The company was incorporated in 2012 and is based in Vancouver, Canada.

Details
Name: Montego Resources Inc.
MY
Exchange: CNSX
Founded: 2012
CA$2,257,578
45,151,570
Website: http://www.montegoresources.ca
Address: Montego Resources Inc.
1199 West Hastings,
Suite 800,
Vancouver,
British Columbia, V6E 3T5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX MY Common Shares Canadian National Stock Exchange CA CAD 24. Apr 2015
OTCPK MONG.F Common Shares Pink Sheets LLC US USD 24. Apr 2015
DB 4MO1 Common Shares Deutsche Boerse AG DE EUR 24. Apr 2015
Number of employees
Current staff
Staff numbers
0
Montego Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 00:49
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.