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MGX Minerals

CNSX:XMG
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XMG
CNSX
CA$25M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

MGX Minerals Inc. engages in acquisition, exploration and development of mineral resource properties and industrial technologies. The last earnings update was 81 days ago. More info.


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  • MGX Minerals has significant price volatility in the past 3 months.
XMG Share Price and Events
7 Day Returns
-18.2%
CNSX:XMG
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
-75%
CNSX:XMG
22%
CA Metals and Mining
-0.1%
CA Market
XMG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MGX Minerals (XMG) -18.2% -2.7% -25% -75% 9.1% -
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
  • XMG underperformed the Metals and Mining industry which returned 22% over the past year.
  • XMG underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
XMG
Industry
5yr Volatility vs Market

Value

 Is MGX Minerals 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 MGX Minerals. This is due to cash flow or dividend data being unavailable. The share price is CA$0.18.
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 MGX Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MGX Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:XMG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$-0.17
CNSX:XMG Share Price ** CNSX (2019-09-20) in CAD CA$0.18
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 MGX Minerals.

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

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

= 0.18 ÷ -0.17

-1.09x

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

  • MGX Minerals is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • MGX Minerals is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does MGX Minerals's expected growth come at a high price?
Raw Data
CNSX:XMG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.09x
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 MGX Minerals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MGX Minerals's assets?
Raw Data
CNSX:XMG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$0.18
CNSX:XMG Share Price * CNSX (2019-09-20) in CAD CA$0.18
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:XMG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.18 ÷ 0.18

1.03x

* Primary Listing of MGX Minerals.

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

  • MGX Minerals is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess MGX Minerals'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. MGX Minerals 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 MGX Minerals 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 MGX Minerals 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 MGX Minerals expected to grow at an attractive rate?
  • Unable to compare MGX Minerals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MGX Minerals's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare MGX Minerals's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:XMG 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:XMG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:XMG Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-09-22
CNSX:XMG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 -17 -22
2019-01-31 -22 -27
2018-10-31 -21 -26
2018-07-31 -20 -25
2018-04-30 -14 -26
2018-01-31 -10 -21
2017-10-31 -6 -18
2017-07-31 -4 -14
2017-04-30 -3 -7
2017-01-31 -2 -5
2016-10-31 -1 -2
2016-07-31 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MGX Minerals is high growth as no earnings estimate data is available.
  • Unable to determine if MGX Minerals 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:XMG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MGX Minerals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:XMG Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-09-22
CNSX:XMG Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 -0.17
2019-01-31 -0.22
2018-10-31 -0.25
2018-07-31 -0.27
2018-04-30 -0.32
2018-01-31 -0.29
2017-10-31 -0.28
2017-07-31 -0.24
2017-04-30 -0.14
2017-01-31 -0.10
2016-10-31 -0.07
2016-07-31 -0.07

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

Next steps:

  1. Take a look at our analysis of XMG’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. MGX Minerals'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. MGX Minerals'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 MGX Minerals'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.
MGX Minerals 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 MGX Minerals 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 MGX Minerals'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.
  • MGX Minerals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare MGX Minerals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MGX Minerals's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
MGX Minerals'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 MGX Minerals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:XMG Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -22.02 22.71 4.63
2019-01-31 -26.50 27.67 2.78
2018-10-31 -26.45 29.25 1.74
2018-07-31 -25.38 26.21 0.70
2018-04-30 -26.34 26.09
2018-01-31 -21.29 21.25
2017-10-31 -18.15 17.80
2017-07-31 -13.92 13.75
2017-04-30 -7.34 6.96
2017-01-31 -4.51 4.19
2016-10-31 -2.46 2.15
2016-07-31 -2.31 1.97
2016-04-30 -2.01 1.95
2016-01-31 -1.86 1.80
2015-10-31 -1.55 1.52
2015-07-31 -1.16 1.15
2015-04-30 -0.60 0.52
2015-01-31 -0.55 0.45
2014-10-31 -0.43 0.33
2014-07-31 -0.31 0.22
2013-07-31 -0.20 0.20

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MGX Minerals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • MGX Minerals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MGX Minerals'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 6.4x 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 MGX Minerals Company Filings, last reported 4 months ago.

CNSX:XMG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 28.89 0.76 3.59
2019-01-31 31.14 0.76 4.07
2018-10-31 30.54 1.28 3.66
2018-07-31 34.74 0.76 7.24
2018-04-30 20.67 0.00 2.30
2018-01-31 23.67 0.00 7.03
2017-10-31 8.20 0.00 0.43
2017-07-31 10.37 0.00 2.90
2017-04-30 2.56 0.50 0.05
2017-01-31 2.55 0.00 0.68
2016-10-31 2.39 0.00 0.77
2016-07-31 0.91 0.00 0.03
2016-04-30 0.89 0.03 0.51
2016-01-31 0.49 0.03 0.00
2015-10-31 0.76 0.03 0.00
2015-07-31 0.71 0.03 0.14
2015-04-30 0.53 0.08 0.06
2015-01-31 0.36 0.03 0.00
2014-10-31 0.44 0.03 0.03
2014-07-31 0.50 0.03 0.09
2013-07-31 0.56 0.03 0.08
  • MGX Minerals's level of debt (2.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4.8% vs 2.6% 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.

  • MGX Minerals has less than a year of cash runway based on current free cash flow.
  • MGX Minerals has less than a year of cash runway if free cash flow continues to grow at historical rates of 81.7% each year.
X
Financial health checks
We assess MGX Minerals'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. MGX Minerals has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is MGX Minerals'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 MGX Minerals dividends.
If you bought CA$2,000 of MGX Minerals 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 MGX Minerals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MGX Minerals'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:XMG 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.

CNSX:XMG Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2019-09-22

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

  • Unable to perform a dividend volatility check as MGX Minerals has not reported any payouts.
  • Unable to verify if MGX Minerals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MGX Minerals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MGX Minerals 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 MGX Minerals'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 MGX Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MGX Minerals 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 MGX Minerals'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
Jared Lazerson
COMPENSATION CA$330,000
AGE 48
TENURE AS CEO 5.2 years
CEO Bio

Mr. Jared M. Lazerson has been the Chief Executive Officer, President, Secretary and Director at MGX Minerals Inc., since July 4, 2014. Mr. Lazerson serves as CEO of Margaret Lake Diamonds Since 2011. Mr. Lazerson was Chief Executive Officer, President of MGX Renewables Inc. and has been its Director. Mr. Lazerson serves as Director at Belmont Resources Inc. since December 18, 2018. He has also served as Director and President of Copper Island Mines Ltd. He served as Director of Arctic Star Exploration Corporation since July 11, 2017 to December 17, 2018. During his tenure, Copper Island Mines Ltd. began development of the Copper Island Project. He served as Consultant to Manto Resources Ltd. He served as Chief Executive Officer and Director at Defiant Minerals Corp. Mr. Lazerson has been a Member of Advisory Board/Advisor at Far Resources Ltd. since February 7, 2017. Mr. Lazerson holds a BA in International Relations from the University of Pennsylvania.

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

Jared Lazerson

TITLE
President
COMPENSATION
CA$330K
AGE
48
TENURE
5.2 yrs

Michael Reimann

TITLE
CFO & Director
COMPENSATION
CA$21K
TENURE
5.2 yrs

Andris Kikauka

TITLE
VP of Exploration & Director
COMPENSATION
CA$37K
AGE
63
Board of Directors Tenure

Average tenure and age of the MGX Minerals board of directors in years:

5.2
Average Tenure
48
Average Age
  • The tenure for the MGX Minerals board of directors is about average.
Board of Directors

Jared Lazerson

TITLE
President
COMPENSATION
CA$330K
AGE
48
TENURE
5.2 yrs

Michael Reimann

TITLE
CFO & Director
COMPENSATION
CA$21K
TENURE
5.2 yrs

Andris Kikauka

TITLE
VP of Exploration & Director
COMPENSATION
CA$37K
AGE
63
TENURE
5.2 yrs

Lyndon Patrick

TITLE
Director
COMPENSATION
CA$70K
TENURE
5.2 yrs

Chris Wolfenberg

TITLE
Director
AGE
45
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • MGX Minerals individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
19. Sep 19 Sell Michael Reimann Individual 18. Sep 19 18. Sep 19 -25,000 CA$0.20 CA$-4,875
10. Sep 19 Sell Michael Reimann Individual 09. Sep 19 09. Sep 19 -50,000 CA$0.22 CA$-10,750
30. Aug 19 Sell Michael Reimann Individual 28. Aug 19 28. Aug 19 -50,000 CA$0.17 CA$-8,500
07. Aug 19 Sell Michael Reimann Individual 06. Aug 19 06. Aug 19 -50,500 CA$0.20 CA$-10,100
06. Aug 19 Sell Michael Reimann Individual 02. Aug 19 02. Aug 19 -50,000 CA$0.20 CA$-10,000
08. Jul 19 Sell Lyndon Patrick Individual 03. Jul 19 03. Jul 19 -40,000 CA$0.25 CA$-9,800
13. Jun 19 Sell Michael Reimann Individual 12. Jun 19 12. Jun 19 -25,000 CA$0.26 CA$-6,500
27. May 19 Sell Michael Reimann Individual 23. May 19 23. May 19 -25,000 CA$0.25 CA$-6,250
21. May 19 Sell Lyndon Patrick Individual 16. May 19 16. May 19 -40,000 CA$0.26 CA$-10,600
21. May 19 Sell Michael Reimann Individual 17. May 19 17. May 19 -50,000 CA$0.26 CA$-13,000
15. May 19 Sell Michael Reimann Individual 14. May 19 14. May 19 -20,000 CA$0.25 CA$-4,900
09. May 19 Sell Michael Reimann Individual 08. May 19 08. May 19 -25,000 CA$0.25 CA$-6,250
08. May 19 Sell Michael Reimann Individual 06. May 19 06. May 19 -25,000 CA$0.26 CA$-6,500
06. May 19 Sell Michael Reimann Individual 03. May 19 03. May 19 -25,000 CA$0.25 CA$-6,250
19. Apr 19 Sell Michael Reimann Individual 17. Apr 19 17. Apr 19 -25,000 CA$0.28 CA$-6,975
01. Apr 19 Sell Michael Reimann Individual 29. Mar 19 29. Mar 19 -20,000 CA$0.30 CA$-6,000
27. Mar 19 Sell Michael Reimann Individual 26. Mar 19 26. Mar 19 -20,000 CA$0.32 CA$-6,300
22. Mar 19 Sell Andris Kikauka Individual 18. Mar 19 19. Mar 19 -15,000 CA$0.35 CA$-5,252
15. Mar 19 Sell Andris Kikauka Individual 12. Mar 19 15. Mar 19 -45,000 CA$0.39 CA$-16,592
11. Mar 19 Sell Andris Kikauka Individual 05. Mar 19 07. Mar 19 -40,000 CA$0.40 CA$-15,724
06. Mar 19 Sell Michael Reimann Individual 06. Mar 19 06. Mar 19 -10,000 CA$0.39 CA$-3,900
21. Feb 19 Sell Michael Reimann Individual 20. Feb 19 20. Feb 19 -20,000 CA$0.39 CA$-7,700
25. Jan 19 Sell Michael Reimann Individual 25. Jan 19 25. Jan 19 -10,000 CA$0.42 CA$-4,200
28. Dec 18 Buy Michael Reimann Individual 21. Dec 18 21. Dec 18 50,000 CA$0.60 CA$30,000
23. Nov 18 Sell Andris Kikauka Individual 19. Nov 18 21. Nov 18 -40,000 CA$0.71 CA$-26,816
19. Nov 18 Sell Andris Kikauka Individual 12. Nov 18 12. Nov 18 -11,000 CA$0.61 CA$-6,710
13. Nov 18 Sell Andris Kikauka Individual 08. Nov 18 09. Nov 18 -34,000 CA$0.62 CA$-20,781
09. Nov 18 Sell Andris Kikauka Individual 06. Nov 18 07. Nov 18 -55,000 CA$0.62 CA$-33,512
14. Oct 18 Sell Michael Reimann Individual 11. Oct 18 11. Oct 18 -100,000 CA$0.54 CA$-53,000
03. Oct 18 Sell Michael Reimann Individual 02. Oct 18 02. Oct 18 -12,000 CA$0.53 CA$-6,360
26. Sep 18 Sell Michael Reimann Individual 25. Sep 18 25. Sep 18 -15,000 CA$0.68 CA$-10,200
X
Management checks
We assess MGX Minerals'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. MGX Minerals 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

Some MGX Minerals (CNSX:XMG) Shareholders Have Taken A Painful 74% Share Price Drop

Some MGX Minerals investors have already had a taste of the bitterness stocks like this can leave in the mouth. … A Different Perspective The last twelve months weren't great for MGX Minerals shares, which cost holders 74%, while the market was up about 0.7%. … If you would like to research MGX Minerals in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company.

Simply Wall St -

Are Insiders Selling MGX Minerals Inc. (CNSX:XMG) Stock?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in MGX Minerals Inc. … That means that even when the share price was higher than CA$0.29 (the recent price), an insider wanted to purchase shares.

Simply Wall St -

Company Info

Description

MGX Minerals Inc. engages in acquisition, exploration and development of mineral resource properties and industrial technologies. It explores for lithium, magnesium oxide, silicon, niobium-tantulum, and gold properties, as well as for oil and gas resources. It also owns, operates, and sells water treatment systems to the oil and gas industry. In addition, the company develops a hardrock lithium extraction technology from brine, which eliminates the need for solar evaporation; gasification technology to turn petroleum coke into hydrogen and ash concentrate containing vanadium in one instance and nickel-cobalt in another; and zinc-air battery technology suitable for low cost micro and grid scale storage of energy. The company operates and invests in mineral properties located in Canada, the United States, Chile, and Argentina. MGX Minerals Inc. was incorporated in 2012 and is headquartered in Vancouver, Canada.

Details
Name: MGX Minerals Inc.
XMG
Exchange: CNSX
Founded: 2012
CA$25,269,472
140,385,960
Website: http://www.mgxminerals.com
Address: MGX Minerals Inc.
1080 Howe Street,
Suite 303,
Vancouver,
British Columbia, V6Z 2T1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX XMG New Common Shares Canadian National Stock Exchange CA CAD 14. Nov 2014
OTCPK MGXM.F New Common Shares Pink Sheets LLC US USD 14. Nov 2014
DB 1MG New Common Shares Deutsche Boerse AG DE EUR 14. Nov 2014
Number of employees
Current staff
Staff numbers
0
MGX Minerals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:22
End of day share price update: 2019/09/20 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2019/07/03
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/07/31


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.