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Ridgestone Mining

TSXV:RMI
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RMI
TSXV
CA$11M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Ridgestone Mining Inc., a Canadian based exploration company, engages in the exploration of precious and base metals deposits in northern Mexico. The last earnings update was 129 days ago. More info.


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RMI Share Price and Events
7 Day Returns
25%
TSXV:RMI
3.6%
CA Metals and Mining
1.4%
CA Market
1 Year Returns
13.6%
TSXV:RMI
-8.7%
CA Metals and Mining
-24.8%
CA Market
RMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ridgestone Mining (RMI) 25% -12.3% - 13.6% - -
CA Metals and Mining 3.6% -11.6% -13.2% -8.7% -19.5% 6.3%
CA Market 1.4% -19.2% -24.9% -24.8% -22.4% -17%
1 Year Return vs Industry and Market
  • RMI outperformed the Metals and Mining industry which returned -8.7% over the past year.
  • RMI outperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
RMI
Industry
5yr Volatility vs Market

Value

 Is Ridgestone Mining 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 Ridgestone Mining. This is due to cash flow or dividend data being unavailable. The share price is CA$0.25.
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 Ridgestone Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ridgestone Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:RMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.08
TSXV:RMI Share Price ** TSXV (2020-04-03) in CAD CA$0.25
Canada Metals and Mining Industry PE Ratio Median Figure of 79 Publicly-Listed Metals and Mining Companies 12.79x
Canada Market PE Ratio Median Figure of 498 Publicly-Listed Companies 10.33x

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

** Primary Listing of Ridgestone Mining.

TSXV:RMI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:RMI Share Price ÷ EPS (both in CAD)

= 0.25 ÷ -0.08

-3.3x

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

  • Ridgestone Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Ridgestone Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Ridgestone Mining's expected growth come at a high price?
Raw Data
TSXV:RMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.3x
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 39 Publicly-Listed Metals and Mining Companies 0.57x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.68x

*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 Ridgestone Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ridgestone Mining's assets?
Raw Data
TSXV:RMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.05
TSXV:RMI Share Price * TSXV (2020-04-03) in CAD CA$0.25
Canada Metals and Mining Industry PB Ratio Median Figure of 1,054 Publicly-Listed Metals and Mining Companies 1.17x
Canada Market PB Ratio Median Figure of 2,359 Publicly-Listed Companies 0.99x
TSXV:RMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:RMI Share Price ÷ Book Value per Share (both in CAD)

= 0.25 ÷ 0.05

4.63x

* Primary Listing of Ridgestone Mining.

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

  • Ridgestone Mining is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Ridgestone Mining'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. Ridgestone Mining 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 Ridgestone Mining 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 Ridgestone Mining 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
12.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ridgestone Mining expected to grow at an attractive rate?
  • Unable to compare Ridgestone Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ridgestone Mining's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Ridgestone Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:RMI Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 5.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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
TSXV:RMI 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.
TSXV:RMI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 -1 -2
2019-06-30 -2 -2
2019-03-31 -2 -2
2018-12-31 -2 -2
2018-09-30 -2 -1
2017-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ridgestone Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Ridgestone Mining 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
TSXV:RMI 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 Ridgestone Mining Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:RMI Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.08
2019-06-30 -0.10
2019-03-31 -0.11
2018-12-31 -0.11
2018-09-30 -0.08
2017-12-31 -0.03

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

Next steps:

  1. Examine Ridgestone Mining'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. Ridgestone Mining'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. Ridgestone Mining'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 Ridgestone Mining'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.
Ridgestone Mining 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 Ridgestone Mining 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 Ridgestone Mining'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.
  • Ridgestone Mining does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Ridgestone Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ridgestone Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Ridgestone Mining'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 Ridgestone Mining Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:RMI Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -2.11 2.09
2019-06-30 -2.47 2.45
2019-03-31 -2.46 2.45
2018-12-31 -2.31 2.32
2018-09-30 -1.43 1.44
2017-12-31 -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 Ridgestone Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ridgestone Mining 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 Ridgestone Mining 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 Ridgestone Mining'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.
Ridgestone Mining 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 Ridgestone Mining'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 Ridgestone Mining's finances.

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

TSXV:RMI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1.90 0.00 0.21
2019-06-30 1.59 0.00 0.59
2019-03-31 0.80 0.07 0.04
2018-12-31 1.07 0.00 0.08
2018-09-30 1.39 0.00 0.76
2017-12-31 1.64 0.00 1.32
  • Ridgestone Mining has no debt.
  • Ridgestone Mining 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.

  • Ridgestone Mining has less than a year of cash runway based on current free cash flow.
  • Ridgestone Mining has less than a year of cash runway if free cash flow continues to grow at historical rates of 42.4% each year.
X
Financial health checks
We assess Ridgestone Mining'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. Ridgestone Mining has a total score of 4/6, 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 Ridgestone Mining'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 Ridgestone Mining dividends.
If you bought CA$2,000 of Ridgestone Mining 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 Ridgestone Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ridgestone Mining'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
TSXV:RMI 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 27 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

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 Ridgestone Mining has not reported any payouts.
  • Unable to verify if Ridgestone Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ridgestone Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ridgestone Mining 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 Ridgestone Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Ridgestone Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ridgestone Mining 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 Ridgestone Mining'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
Jon George
AGE 61
TENURE AS CEO 0.4 years
CEO Bio

Mr. Jonathan W. George, also known as Jon, BSc, serves as Chief Executive Officer, President and Director of Ridgestone Mining Inc. since November 14, 2019. He is a Director at Project One Resources Ltd since August 27, 2018. He serves as Director and President of New Tech Minerals Corp. (formerly, New Tech Lithium Corp.) since June 2018 and has been its Chief Executive Officer since February 2019. He served as the Chief Executive Officer and President of Alpha Minerals Inc (Formerly ESO Uranium Corp.) until September 30, 2010. He was instrumental in assembling one of the largest land packages in the Athabasca Basin, Saskatchewan; Alpha and its partner Fission Energy made one of the most significant uranium discoveries in recent history on their Patterson Lake South joint venture. Mr. George was Co-founder of Creston Moly Corp. and served as its Advisor since August 2009. He served as the Chief Executive Officer and President of Creston Moly Corp. (formerly, Georgia Ventures Inc.) since January 27, 2004. Mr. George is a Self-employed Consulting Geologist. Mr. George served as the President of Dynasty Gold Corp. until November 2004. He served as President, Senior Officer or a Director for a number of public companies, trading on the TSX Venture Exchange. He has some experience in the acquisition, exploration and development of mineral properties, joint ventures and management of public companies. He was a Director of Viking Gold Exploration Inc. since April 8, 2014. Mr. George co-founded Creston Moly. Mr. George also founded DynastyGold Corp, serving as CEO, where he and his team secured the largest land package of exploration rights held by a foreign company in China, conducting gold and base metals exploration in Xinjiang, Gansu and Qinghai provinces. He served as a Director of Cyprium Mining Corporation from July 2016 to December 16, 2016. He served as a Director of Hatch International Technologies Corp (also known as Tosca Resources Corp) since October 09, 2013. He served as an Executive Director of Alpha Minerals Inc. from April 4, 2005 to September 30, 2010. Mr. George served as a Director of Dynasty Gold Corp. from May 27, 1996 to May 2005 and Creston Moly Corp. since October 23, 2001. Mr. George graduated from Western Washington University with a Bachelor of Science degree in Geology in 1981.

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

Average tenure of the Ridgestone Mining management team in years:

0.4
Average Tenure
  • The average tenure for the Ridgestone Mining management team is less than 2 years, this suggests a new team.
Management Team

Erwin Wong

TITLE
CFO, Corporate Secretary & Director
AGE
51
TENURE
2.8 yrs

Jon George

TITLE
CEO, President & Director
AGE
61
TENURE
0.4 yrs

Steven Weiss

TITLE
Chief Independent Technical Advisor for Rebeico Gold & Copper Project
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Ridgestone Mining board of directors in years:

1.6
Average Tenure
51
Average Age
  • The average tenure for the Ridgestone Mining board of directors is less than 3 years, this suggests a new board.
Board of Directors

Erwin Wong

TITLE
CFO, Corporate Secretary & Director
AGE
51
TENURE
2.7 yrs

Jon George

TITLE
CEO, President & Director
AGE
61
TENURE
0.4 yrs

Ted Liu

TITLE
Director
AGE
55
TENURE
3.1 yrs

Brian Goss

TITLE
Director
AGE
40
TENURE
2.3 yrs

Ben Asuncion

TITLE
Director
AGE
37
TENURE
0.9 yrs

Richard Savage

TITLE
Member of Advisory Board
TENURE
0.3 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$) Value (CA$)
26. Jul 19 Sell Rich Land Investment Co. Company 14. Jun 19 09. Jul 19 -90,000 CA$0.23 CA$-19,020
16. Apr 19 Buy Erwin Wong Individual 12. Apr 19 12. Apr 19 922,222 CA$0.18 CA$132,000
X
Management checks
We assess Ridgestone Mining'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. Ridgestone Mining 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

We Think Ridgestone Mining (CVE:RMI) Has Us A Very Heavy Debt Load

Check out our latest analysis for Ridgestone Mining What Is Ridgestone Mining's Net Debt? … TSXV:RMI Historical Debt, July 16th 2019 How Strong Is Ridgestone Mining's Balance Sheet? … According to the last reported balance sheet, Ridgestone Mining had liabilities of CA$192.3k due within 12 months, and liabilities of CA$65.0k due beyond 12 months.

Simply Wall St -

Company Info

Description

Ridgestone Mining Inc., a Canadian based exploration company, engages in the exploration of precious and base metals deposits in northern Mexico. The company's focuses on acquiring the Rebeico Gold-Copper project located in Sonora, Mexico. The company was founded in 2017 and is based in Vancouver, Canada.

Details
Name: Ridgestone Mining Inc.
RMI
Exchange: TSXV
Founded: 2017
CA$11,052,543
44,210,174
Website: http://www.ridgestonemining.com
Address: Ridgestone Mining Inc.
Unit 606,
666 Burrard Street,
Vancouver,
V6C 3P6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV RMI Common Shares TSX Venture Exchange CA CAD 20. Feb 2018
OTCPK RIGM.F Common Shares Pink Sheets LLC US USD 20. Feb 2018
Number of employees
Current staff
Staff numbers
0
Ridgestone Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 08:00
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2019/11/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.