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Nexco Resources

CNSX:NXU
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NXU
CNSX
CA$737K
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Nexco Resources Inc. engages in the acquisition and exploration of mineral property assets. The last earnings update was 55 days ago. More info.


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  • Nexco Resources has significant price volatility in the past 3 months.
NXU Share Price and Events
7 Day Returns
-42.9%
CNSX:NXU
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
-72.4%
CNSX:NXU
22%
CA Metals and Mining
-0.1%
CA Market
NXU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nexco Resources (NXU) -42.9% -20% - -72.4% - -
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
  • NXU underperformed the Metals and Mining industry which returned 22% over the past year.
  • NXU underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
NXU
Industry
5yr Volatility vs Market

Value

 Is Nexco 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 Nexco Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.04.
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 Nexco Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nexco Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:NXU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in CAD CA$-0.02
CNSX:NXU Share Price ** CNSX (2019-09-20) in CAD CA$0.04
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 Nexco Resources.

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

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

= 0.04 ÷ -0.02

-2.29x

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

  • Nexco Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Nexco Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Nexco Resources's expected growth come at a high price?
Raw Data
CNSX:NXU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.29x
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 Nexco Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nexco Resources's assets?
Raw Data
CNSX:NXU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in CAD CA$0.02
CNSX:NXU Share Price * CNSX (2019-09-20) in CAD CA$0.04
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:NXU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.04 ÷ 0.02

1.75x

* Primary Listing of Nexco Resources.

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

  • Nexco Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Nexco 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. Nexco 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 Nexco 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 Nexco 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 Nexco Resources expected to grow at an attractive rate?
  • Unable to compare Nexco Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Nexco Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Nexco Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:NXU 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:NXU 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:NXU Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-05-31 0 0
2019-02-28 0 0
2018-11-30 0 0
2018-08-31 0 0
2018-05-31 0 0
2018-02-28 0 0
2017-11-30 0 0
2017-08-31 0 0
2017-05-31 0 0
2016-11-30 0 0
2016-08-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Nexco Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Nexco 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:NXU 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 Nexco Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:NXU Past Financials Data
Date (Data in CAD Millions) EPS *
2019-05-31 -0.02
2019-02-28 -0.02
2018-11-30 -0.02
2018-08-31 -0.02
2018-05-31 -0.01
2018-02-28 -0.03
2017-11-30 -0.03
2017-08-31 -0.03
2017-05-31 -0.03
2016-11-30 0.00
2016-08-31 0.00

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

Next steps:

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

CNSX:NXU 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 -0.20 0.18
2019-02-28 -0.20 0.19
2018-11-30 -0.18 0.17
2018-08-31 -0.20 0.18
2018-05-31 -0.13 0.11
2018-02-28 -0.26 0.24
2017-11-30 -0.25 0.22
2017-08-31 -0.21 0.18
2017-05-31 -0.20 0.18
2016-11-30 -0.02 0.02
2016-08-31 -0.01 0.01
2015-08-31 -0.01 0.01
2014-08-31 0.00 0.00

*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 Nexco 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 Nexco 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 Nexco 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 Nexco 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.
Nexco 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 Nexco 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 Nexco Resources's finances.

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

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

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

All data from Nexco Resources Company Filings, last reported 3 months ago.

CNSX:NXU Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 0.42 0.00 0.26
2019-02-28 0.09 0.03 0.01
2018-11-30 0.14 0.03 0.03
2018-08-31 0.18 0.00 0.06
2018-05-31 0.26 0.00 0.10
2018-02-28 0.29 0.00 0.12
2017-11-30 0.33 0.00 0.14
2017-08-31 0.38 0.00 0.19
2017-05-31 0.42 0.00 0.28
2016-11-30 0.10 0.00 0.01
2016-08-31 0.11 0.00 0.02
2015-08-31 0.11 0.00 0.01
2014-08-31
  • Nexco Resources has no debt.
  • Nexco Resources currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.

  • Nexco Resources has sufficient cash runway for 1.3 years based on current free cash flow.
  • Nexco Resources has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 38.2% each year.
X
Financial health checks
We assess Nexco 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. Nexco Resources has a total score of 6/6, 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 Nexco 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 Nexco Resources dividends.
If you bought CA$2,000 of Nexco 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 Nexco Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nexco 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:NXU 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 Nexco Resources has not reported any payouts.
  • Unable to verify if Nexco Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nexco Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nexco 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 Nexco 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 Nexco Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nexco 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 Nexco 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
Jeff Tindale
COMPENSATION CA$0
AGE 48
TENURE AS CEO 2 years
CEO Bio

Mr. Jeffery Malcolm Tindale, also known as Jeff, has been the Chief Executive Officer and President of Nexco Resources Inc. since September 2017. He serves as Senior Vice President of Capital Markets of Patriot One Technologies Inc. Mr. Tindale has been the Chief Executive Officer and President at Cliffmont Resources Ltd. since June 2010. Mr. Tindale served as Director at Bankers Cobalt Corp. since October 14, 2016 to February 22, 2017. Mr. Tindale Co-founded Empire Communications Inc. and serves as its Managing Partner. He has been member of Advisory board at FinCanna Capital Corp. since August 2018. He was Director of FinCanna Capital Corp. since November 28, 2016 until August 2018. Mr. Tindale has been the Head of Corporate Development of Empire Communications since December 2006. Mr. Tindale has experience in merchant banking and corporate advisory services. He has diversified background that includes extensive experience in capital raising in North America and Europe, corporate development, project acquisitions and strategic planning. Mr. Tindale spent over 8 years in the exploration field, exploring for diamonds and precious metals where he was an integral part of major economic discoveries. From September 2006 to December 2006, he provided consulting services to Halo Resources Ltd. From October 1997 to September 2006, he was employed by Canada Post in Vancouver. He has been a Director at Nexco Resources Inc. since November 10, 2016. He served as Director of Patriot One Technologies Inc., since April 5, 2016 until September 09, 2019. He has been a Director of Cliffmont Resources Ltd since August 6, 2009. He has been a Director of Homestake Resource Corp. since July 1, 2014. He served as a Director of Batero Gold Corp. since January 15, 2008 until July 22, 2010. He served as a Director of Nomad Ventures Inc. since October 14, 2016 until May 1, 2017. Mr. Tindale served as a Director of Wellstar Energy Corp. since December 2008 until December 2008.

CEO Compensation
  • Insufficient data for Jeff to compare compensation growth.
  • Insufficient data for Jeff to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Jeff Tindale

TITLE
President
AGE
48
TENURE
2 yrs

Zayn Kalyan

TITLE
Interim CFO & Director
TENURE
1.3 yrs
Board of Directors Tenure

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

1.3
Average Tenure
  • The average tenure for the Nexco Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeff Tindale

TITLE
President
AGE
48
TENURE
2.8 yrs

Zayn Kalyan

TITLE
Interim CFO & Director
TENURE
1.3 yrs

Brandon Rook

TITLE
Director
TENURE
1.2 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$) Value (CA$)
17. Apr 19 Buy Brandon Rook Individual 17. Apr 19 17. Apr 19 100,000 CA$0.05 CA$5,000
X
Management checks
We assess Nexco 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. Nexco 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

Imagine Owning Nexco Resources (CNSX:NXU) And Trying To Stomach The 75% Share Price Drop

Check out our latest analysis for Nexco Resources Nexco Resources hasn't yet reported any revenue, so it's as much a business idea as an actual business. … It seems likely some shareholders believe that Nexco Resources will find or develop a valuable new mine before too long. … A Different Perspective Given that the market gained 0.5% in the last year, Nexco Resources shareholders might be miffed that they lost 75%.

Simply Wall St -

Should You Be Concerned About Nexco Resources Inc's (CNSX:NXU) Investors?

I am going to take a deep dive into Nexco Resources Inc’s (CNSX:NXU) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Company Info

Description

Nexco Resources Inc. engages in the acquisition and exploration of mineral property assets. The company holds a 100% interest in the Berger property that consists of two mining claims located in the Kamloops Mining District of British Columbia. It also holds an agreement to acquire five additional claim blocks covering an area of 989.42 hectares located in the south of Princeton, British Columbia. The company was founded in 2012 and is based in Vancouver, Canada.

Details
Name: Nexco Resources Inc.
NXU
Exchange: CNSX
Founded: 2012
CA$737,120
18,428,000
Website: http://
Address: Nexco Resources Inc.
1095 West Pender Street,
Suite 750,
Vancouver,
British Columbia, V6E 2M6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX NXU Common Shares Canadian National Stock Exchange CA CAD 09. May 2017
Number of employees
Current staff
Staff numbers
0
Nexco Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:47
End of day share price update: 2019/09/20 00:00
Last earnings filing: 2019/07/29
Last earnings reported: 2019/05/31
Last annual earnings reported: 2018/08/31


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.