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ValOre Metals

DB:KEQ0
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KEQ0
DB
CA$16M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

ValOre Metals Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral resource properties in Canada. The last earnings update was 28 days ago. More info.


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  • ValOre Metals has significant price volatility in the past 3 months.
KEQ0 Share Price and Events
7 Day Returns
23.2%
DB:KEQ0
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-25.7%
DB:KEQ0
21.9%
DE Oil and Gas
-17.7%
DE Market
KEQ0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ValOre Metals (KEQ0) 23.2% -37.3% -46.8% -25.7% -87.4% -87.1%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • KEQ0 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • KEQ0 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
KEQ0
Industry
5yr Volatility vs Market

Value

 Is ValOre Metals 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 ValOre Metals. This is due to cash flow or dividend data being unavailable. The share price is €0.101.
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 ValOre Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ValOre Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KEQ0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.08
TSXV:VO Share Price ** TSXV (2020-03-30) in CAD CA$0.19
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of ValOre Metals.

DB:KEQ0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.19 ÷ -0.08

-2.45x

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

  • ValOre Metals is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • ValOre Metals is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does ValOre Metals's expected growth come at a high price?
Raw Data
DB:KEQ0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 ValOre Metals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ValOre Metals's assets?
Raw Data
DB:KEQ0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$0.11
TSXV:VO Share Price * TSXV (2020-03-30) in CAD CA$0.19
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:KEQ0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.19 ÷ 0.11

1.77x

* Primary Listing of ValOre Metals.

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

  • ValOre Metals is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess ValOre Metals'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. ValOre Metals 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 ValOre Metals 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 ValOre Metals 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
13%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ValOre Metals expected to grow at an attractive rate?
  • Unable to compare ValOre Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ValOre Metals's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare ValOre Metals's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:KEQ0 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:KEQ0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
DB:KEQ0 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 -3 -4
2019-09-30 -2 -4
2019-06-30 -2 -3
2019-03-31 -2 -3
2018-12-31 -1 -3
2018-09-30 -1 -2
2018-06-30 -1 -1
2018-03-31 -1 -1
2017-12-31 -1 -1
2017-09-30 -1 -1
2017-06-30 -1 0
2017-03-31 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ValOre Metals is high growth as no earnings estimate data is available.
  • Unable to determine if ValOre Metals 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
DB:KEQ0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ValOre Metals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KEQ0 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.08
2019-09-30 -0.08
2019-06-30 -0.08
2019-03-31 -0.10
2018-12-31 -0.11
2018-09-30 -0.09
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.03
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.01

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

Next steps:

  1. Take a look at our analysis of KEQ0’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. ValOre Metals'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 Energy companies here
  3. ValOre Metals'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 ValOre Metals'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
ValOre Metals 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 ValOre Metals 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 ValOre Metals's growth in the last year to its industry (Oil and Gas).
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.
  • ValOre Metals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ValOre Metals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ValOre Metals's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
ValOre Metals'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 ValOre Metals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KEQ0 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -4.07 3.88
2019-09-30 -3.86 3.69
2019-06-30 -2.89 2.58
2019-03-31 -2.88 2.54
2018-12-31 -2.75 2.44
2018-09-30 -2.28 1.98
2018-06-30 -0.95 0.80
2018-03-31 -0.94 0.70
2017-12-31 -0.62 0.65
2017-09-30 -0.52 0.56
2017-06-30 -0.35 0.37
2017-03-31 -0.25 0.35
2016-12-31 -0.47 0.42
2016-09-30 -0.40 0.48
2016-06-30 -0.49 0.58
2016-03-31 -0.67 0.67
2015-12-31 -0.79 0.78
2015-09-30 -1.09 1.06
2015-06-30 -2.39 2.35
2015-03-31 -2.37 2.48
2014-12-31 -2.44 2.54
2014-09-30 -2.59 2.59
2014-06-30 -1.29 1.40
2014-03-31 -1.38 1.51
2013-12-31 -1.27 1.47
2013-09-30 -1.08 1.42
2013-06-30 -2.39 2.44
2013-03-31 -3.67 2.43

*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 ValOre Metals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ValOre Metals has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ValOre Metals 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 ValOre Metals'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 Oil and Gas 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.
ValOre Metals 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 ValOre Metals'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 ValOre Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ValOre Metals's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ValOre Metals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ValOre Metals'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.
  • ValOre Metals 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 ValOre Metals Company Filings, last reported 2 months ago.

DB:KEQ0 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 9.12 0.00 0.82
2019-09-30 9.95 0.00 2.55
2019-06-30 56.13 0.00 0.81
2019-03-31 56.34 0.00 1.23
2018-12-31 54.30 0.61 0.38
2018-09-30 0.95 0.00 0.29
2018-06-30 54.91 0.00 1.13
2018-03-31 55.19 0.00 1.37
2017-12-31 55.45 0.00 1.08
2017-09-30 55.64 0.00 1.42
2017-06-30 55.92 0.00 2.52
2017-03-31 56.19 0.00 3.01
2016-12-31 54.02 0.00 0.45
2016-09-30 54.22 0.00 0.82
2016-06-30 54.09 0.00 0.79
2016-03-31 54.03 0.00 0.82
2015-12-31 54.17 0.00 1.29
2015-09-30 54.17 0.00 1.11
2015-06-30 54.51 0.00 2.28
2015-03-31 52.37 0.00 0.52
2014-12-31 52.68 0.00 1.02
2014-09-30 53.15 0.00 1.61
2014-06-30 52.12 0.00 0.79
2014-03-31 52.41 0.00 1.52
2013-12-31 52.69 0.00 2.25
2013-09-30 52.82 0.00 2.96
2013-06-30 53.07 0.00 4.39
2013-03-31 51.01 0.00 5.38
  • ValOre Metals has no debt.
  • ValOre Metals 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.

  • ValOre Metals has less than a year of cash runway based on current free cash flow.
  • ValOre Metals has less than a year of cash runway if free cash flow continues to reduce at historical rates of -16.3% each year.
X
Financial health checks
We assess ValOre Metals'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. ValOre Metals 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 ValOre Metals'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 ValOre Metals dividends.
If you bought €2,000 of ValOre Metals shares you are expected to receive €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 ValOre Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ValOre Metals'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
DB:KEQ0 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
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 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 ValOre Metals has not reported any payouts.
  • Unable to verify if ValOre Metals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ValOre Metals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ValOre Metals 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 ValOre Metals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 ValOre Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ValOre Metals 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 ValOre Metals'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
Jim Paterson
COMPENSATION CA$186,000
AGE 45
TENURE AS CEO 9.4 years
CEO Bio

Mr. James R. Paterson, also known as Jim, B.Comm., has been Advisor of Dunnedin Ventures Inc. since September 30, 2016. Mr. Paterson serves as Member of Advisory Board at Great Bear Resources Ltd. Mr. Paterson has been the Chief Executive Officer of ValOre Metals Corp. (formerly known as Kivalliq Energy Corporation) since October 19, 2010. He serves as a Consultant of Graphite One Inc. (also known as Graphite One Resources Inc.) (formerly Cedar Mountain Exploration Inc.) He served as Chief Executive Officer and President at Northern Empire Resources Corp. since June 9, 2015 until June 13, 2016. He served as the Chief Executive Officer and President of Corsa Coal Corp. (alternative name Corsa Capital, Ltd.) from 2007 to August 16, 2010. Since January 2010, Mr. Paterson has been involved as an executive or as an active director of companies which have raised in excess of $175 million in equity financings. He has 19 years of investor relations, marketing and corporate development experience with North American mineral exploration companies and service providers involved with publicly traded companies. He served as the Director of Marketing for the Discovery Group of Companies from September 2005 to April 2008. He has held the following positions: Corporate Development at International Northair Mines Ltd. since November 2003; from August 2002 to June 2003 Corporate Communications and Marketing at Stornoway Diamond Corporation; from August 2002 to December 2002, Marketing, Committee Bay Resources; from November 2001 to December 2002, Sales & Marketing, Listed Company Association; from May 2001 to September 2001, Sales & Marketing, Badger & Co. Management; from January 2001 to April 2001, Sales & Marketing, Cardlink Worldwide Inc.; from October 1997 to December 2000, Investor Relations, Azco Mining Inc. Prior to this, He worked with The Northair Group from 2003 to 2005 in a variety of roles. He spent over 3 years as Director of Investor Relations for a US-based AMEX listed Mining Corporation. He has been the Chairman of Kivalliq Energy Corp., since July 5, 2017. He has been an Independent Director of Northern Empire Resources Corp. since December 11, 2014, Bluestone Resources Inc. since January 2011, Goldcorp Kaminak Ltd. since March 16, 2009, Kivalliq Energy Corp. since March 25, 2008 and Niblack Mineral Development Inc. since April 19, 2010. He served as an Independent Director of K2 Gold Corporation(also known as West Melville Metals Inc.) since December 12, 2011 until April 20, 2016. He served as an Independent Director of Tenajon Resources Corp. since 2003. He is a Member of Aurora Resource Group. He served as an Independent Director of Troon Ventures Ltd. since 2004. He served as an Independent Director at Corsa Coal Corp. from June 14, 2007 to December 8, 2010. Mr. Paterson received a Bachelor of Commerce in 2004 from Royal Roads University (Victoria, British Columbia).

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

Average tenure and age of the ValOre Metals management team in years:

6.2
Average Tenure
45
Average Age
  • The average tenure for the ValOre Metals management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Paterson

TITLE
CEO & Chairman
COMPENSATION
CA$186K
AGE
45
TENURE
9.4 yrs

Rob Scott

TITLE
Chief Financial Officer
COMPENSATION
CA$60K
TENURE
2.7 yrs

Jeff Ward

TITLE
President
COMPENSATION
CA$140K
TENURE
9.4 yrs

Andy Berry

TITLE
Chief Operating Officer
COMPENSATION
CA$181K
TENURE
8.2 yrs

Jeff Dare

TITLE
Corporate Secretary
AGE
39
TENURE
4.2 yrs

John Robins

TITLE
COMPENSATION
CA$9K
AGE
59
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the ValOre Metals board of directors in years:

5.1
Average Tenure
57.5
Average Age
  • The tenure for the ValOre Metals board of directors is about average.
Board of Directors

Jim Paterson

TITLE
CEO & Chairman
COMPENSATION
CA$186K
AGE
45
TENURE
2.7 yrs

Garth Kirkham

TITLE
Independent Director
COMPENSATION
CA$41K
AGE
60
TENURE
11.7 yrs

Jim Malone

TITLE
Independent Director
COMPENSATION
CA$37K
AGE
73
TENURE
7.5 yrs

Dale Wallster

TITLE
Independent Director
COMPENSATION
CA$41K
AGE
62
TENURE
8.2 yrs

Brian McMaster

TITLE
Director
AGE
47
TENURE
0.6 yrs

Luis Mauricio de Azevedo

TITLE
Director
AGE
55
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by ValOre Metals individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Feb 20 Buy James Paterson Individual 10. Feb 20 10. Feb 20 100,000 €0.21 €21,240
16. Jan 20 Buy James Paterson Individual 16. Jan 20 16. Jan 20 10,000 €0.23 €2,273
15. Jan 19 Buy James Paterson Individual 15. Jan 20 15. Jan 20 20,000 €0.23 €4,604
14. Jan 20 Buy James Paterson Individual 14. Jan 20 14. Jan 20 18,000 €0.23 €4,101
13. Jan 20 Buy James Paterson Individual 10. Jan 20 13. Jan 20 208,000 €0.24 €46,813
06. Jan 20 Buy James Paterson Individual 06. Jan 20 06. Jan 20 40,000 €0.24 €9,512
31. Dec 19 Buy James Paterson Individual 31. Dec 19 31. Dec 19 20,000 €0.23 €4,534
20. Dec 19 Buy James Paterson Individual 20. Dec 19 20. Dec 19 20,000 €0.19 €3,840
19. Dec 19 Buy James Paterson Individual 19. Dec 19 19. Dec 19 50,000 €0.20 €9,807
18. Dec 19 Buy James Paterson Individual 16. Dec 19 18. Dec 19 120,000 €0.20 €23,120
12. Dec 19 Buy James Paterson Individual 11. Dec 19 11. Dec 19 33,000 €0.20 €6,582
09. Dec 19 Buy James Paterson Individual 06. Dec 19 06. Dec 19 60,000 €0.19 €11,465
28. Oct 19 Buy James Paterson Individual 25. Oct 19 25. Oct 19 20,000 €0.22 €4,419
23. Oct 19 Buy James Paterson Individual 22. Oct 19 22. Oct 19 30,000 €0.21 €6,431
22. Oct 19 Buy James Paterson Individual 15. Oct 19 15. Oct 19 50,000 €0.23 €11,169
04. Oct 19 Buy James Paterson Individual 01. Oct 19 04. Oct 19 50,000 €0.23 €11,471
27. Sep 19 Buy James Paterson Individual 27. Sep 19 27. Sep 19 20,000 €0.26 €5,111
26. Sep 19 Buy James Paterson Individual 23. Sep 19 25. Sep 19 325,000 €0.26 €82,655
20. Sep 19 Buy James Paterson Individual 20. Sep 19 20. Sep 19 150,000 €0.24 €35,703
18. Sep 19 Buy James Paterson Individual 18. Sep 19 18. Sep 19 30,000 €0.22 €6,743
16. Sep 19 Buy James Paterson Individual 13. Sep 19 16. Sep 19 85,000 €0.22 €18,647
17. Sep 19 Buy James Paterson Individual 17. Sep 19 17. Sep 19 48,573 €0.22 €10,582
06. Sep 19 Buy James Paterson Individual 03. Sep 19 03. Sep 19 50,000 €0.18 €9,031
05. Sep 19 Buy James Paterson Individual 04. Sep 19 04. Sep 19 221,500 €0.17 €37,878
03. Sep 19 Buy James Paterson Individual 03. Sep 19 03. Sep 19 200,000 €0.17 €34,175
30. Aug 19 Buy James Paterson Individual 30. Aug 19 30. Aug 19 25,000 €0.17 €4,358
29. Aug 19 Buy James Paterson Individual 26. Aug 19 29. Aug 19 431,020 €0.18 €74,866
21. Aug 19 Buy Kirkham Geosystems Ltd. Company 16. Aug 19 16. Aug 19 80,000 €0.17 €13,562
15. Aug 19 Buy Robert Scott Individual 14. Aug 19 14. Aug 19 100,000 €0.17 €16,852
15. Aug 19 Buy James Paterson Individual 14. Aug 19 14. Aug 19 4,533,000 €0.17 €763,881
08. Aug 19 Sell James Paterson Individual 01. Aug 19 01. Aug 19 -4,100,000 €0.17 €-701,581
08. Aug 19 Buy James Paterson Individual 07. Aug 19 07. Aug 19 4,100,000 €0.17 €685,240
20. Jun 19 Buy James Paterson Individual 19. Jun 19 19. Jun 19 10,000 €0.17 €1,736
17. Jun 19 Buy James Paterson Individual 17. Jun 19 17. Jun 19 100,000 €0.17 €16,471
05. Jun 19 Buy James Paterson Individual 04. Jun 19 05. Jun 19 100,000 €0.17 €16,751
03. Jun 19 Buy James Paterson Individual 29. May 19 03. Jun 19 179,500 €0.17 €26,780
29. May 19 Buy James Paterson Individual 29. May 19 29. May 19 20,000 €0.12 €2,457
X
Management checks
We assess ValOre Metals'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. ValOre Metals 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

ValOre Metals Corp., an exploration stage company, engages in the acquisition, exploration, evaluation, and development of mineral resource properties in Canada. The company explores for uranium and gold deposits. It holds interests in the Angilak property that includes 57 mineral claims and 1 mineral lease covering an area of 60,363 hectares and the Baffin Gold Property that covers an area of 405,083 hectares located in Nunavut Territory; the Genesis Property that comprises 18 mineral claims covering an area of 36,949 hectares located in the Provinces of Saskatchewan and Manitoba; and the Hatchet Lake Property that consists of 6 claims covering an area of 13,711 hectares located in Saskatchewan. The company was formerly known as Kivalliq Energy Corporation and changed its name to ValOre Metals Corp. in June 2018. ValOre Metals Corp. was incorporated in 2008 and is headquartered in Vancouver, Canada.

Details
Name: ValOre Metals Corp.
KEQ0
Exchange: DB
Founded: 2008
CA$10,436,941
90,450,677
Website: http://www.valoremetals.com
Address: ValOre Metals Corp.
800 West Pender Street,
Suite 1020,
Vancouver,
British Columbia, V6C 2V6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV VO Common Voting Shares TSX Venture Exchange CA CAD 07. Jul 2008
OTCPK KVLQ.F Common Voting Shares Pink Sheets LLC US USD 07. Jul 2008
DB KEQ0 Common Voting Shares Deutsche Boerse AG DE EUR 07. Jul 2008
Number of employees
Current staff
Staff numbers
0
ValOre Metals employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:13
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2020/03/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


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.