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Progressive Planet Solutions

OTCPK:ASHX.F
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASHX.F
OTCPK
CA$722K
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Progressive Planet Solutions Inc., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Canada. The last earnings update was 96 days ago. More info.


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ASHX.F Share Price and Events
7 Day Returns
0%
OTCPK:ASHX.F
-0.3%
US Metals and Mining
-4.1%
US Market
1 Year Returns
-63.7%
OTCPK:ASHX.F
-29.6%
US Metals and Mining
-14.9%
US Market
ASHX.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Progressive Planet Solutions (ASHX.F) 0% -31.4% - -63.7% -95.1% -
US Metals and Mining -0.3% -21.3% -30.4% -29.6% -28.1% -10.4%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • ASHX.F underperformed the Metals and Mining industry which returned -29.6% over the past year.
  • ASHX.F underperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
ASHX.F
Industry
5yr Volatility vs Market

Value

 Is Progressive Planet Solutions 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 Progressive Planet Solutions. This is due to cash flow or dividend data being unavailable. The share price is $0.02621.
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 Progressive Planet Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Progressive Planet Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ASHX.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in CAD CA$-0.05
TSXV:PLAN Share Price ** TSXV (2020-03-18) in CAD CA$0.03
United States of America Metals and Mining Industry PE Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 8.29x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

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

** Primary Listing of Progressive Planet Solutions.

OTCPK:ASHX.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.03 ÷ -0.05

-0.52x

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

  • Progressive Planet Solutions is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Progressive Planet Solutions is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Progressive Planet Solutions's expected growth come at a high price?
Raw Data
OTCPK:ASHX.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 22 Publicly-Listed Metals and Mining Companies -0.12x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*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 Progressive Planet Solutions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Progressive Planet Solutions's assets?
Raw Data
OTCPK:ASHX.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in CAD CA$0.10
TSXV:PLAN Share Price * TSXV (2020-03-18) in CAD CA$0.03
United States of America Metals and Mining Industry PB Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 0.98x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
OTCPK:ASHX.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ 0.10

0.24x

* Primary Listing of Progressive Planet Solutions.

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

  • Progressive Planet Solutions is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Progressive Planet Solutions'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. Progressive Planet Solutions 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 Progressive Planet Solutions 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 Progressive Planet Solutions 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
8.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Progressive Planet Solutions expected to grow at an attractive rate?
  • Unable to compare Progressive Planet Solutions's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Progressive Planet Solutions's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Progressive Planet Solutions's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ASHX.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:ASHX.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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.
OTCPK:ASHX.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-10-31 0 -1 -1
2019-07-31 0 -1 -1
2019-04-30 -1 -1
2019-01-31 -1 -1
2018-10-31 -1 -1
2018-07-31 -1 -1
2018-04-30 -1 -1
2018-01-31 -1 -2
2017-10-31 -1 -1
2017-07-31 -1 -1
2017-04-30 -1 -1
2017-01-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Progressive Planet Solutions is high growth as no earnings estimate data is available.
  • Unable to determine if Progressive Planet Solutions 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
OTCPK:ASHX.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Progressive Planet Solutions Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ASHX.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-10-31 -0.05
2019-07-31 -0.05
2019-04-30 -0.07
2019-01-31 -0.07
2018-10-31 -0.10
2018-07-31 -0.10
2018-04-30 -0.10
2018-01-31 -0.21
2017-10-31 -0.17
2017-07-31 -0.22
2017-04-30 -0.27
2017-01-31 -0.13

*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 Progressive Planet Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ASHX.F’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. Progressive Planet Solutions'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. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Progressive Planet Solutions's filings and announcements 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 Progressive Planet Solutions'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Progressive Planet Solutions 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 Progressive Planet Solutions 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 Progressive Planet Solutions'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.
  • Progressive Planet Solutions does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Progressive Planet Solutions's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Progressive Planet Solutions's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Progressive Planet Solutions'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 Progressive Planet Solutions Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ASHX.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 0.07 -0.98 0.61 0.28
2019-07-31 0.03 -1.05 0.72 0.27
2019-04-30 -1.24 0.89 0.25
2019-01-31 -1.10 1.03 0.04
2018-10-31 -1.37 1.09 0.02
2018-07-31 -1.23 0.97
2018-04-30 -1.15 0.89
2018-01-31 -1.92 1.29
2017-10-31 -1.39 0.98
2017-07-31 -1.44 1.03
2017-04-30 -1.31 0.91
2017-01-31 -0.50 0.44
2016-10-31 -0.71 0.61
2016-07-31 -0.62 0.52
2016-04-30 -0.61 0.50
2016-01-31 -0.60 0.45
2015-10-31 -0.44 0.35
2015-07-31 -0.51 0.32
2015-04-30 -0.49 0.30
2015-01-31 -0.25 0.42
2014-10-31 -0.93 0.47
2014-07-31 -1.13 0.55
2014-04-30 -1.21 0.62
2014-01-31 -1.45 0.54
2013-10-31 -0.87 0.51
2013-07-31 -3.00 0.50
2013-04-30 -2.96 0.44

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Progressive Planet Solutions's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Progressive Planet Solutions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Progressive Planet Solutions'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 7.7x 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 Progressive Planet Solutions Company Filings, last reported 5 months ago.

OTCPK:ASHX.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 2.30 0.03 0.16
2019-07-31 2.51 0.03 0.28
2019-04-30 2.76 0.04 0.40
2019-01-31 2.46 0.00 0.06
2018-10-31 2.42 0.00 0.20
2018-07-31 2.36 0.00 0.25
2018-04-30 2.49 0.00 0.46
2018-01-31 2.58 0.00 0.76
2017-10-31 1.99 0.00 0.05
2017-07-31 2.14 0.00 0.35
2017-04-30 1.96 0.00 0.27
2017-01-31 0.77 0.04 0.04
2016-10-31 0.83 0.03 0.22
2016-07-31 0.69 0.03 0.58
2016-04-30 -0.39 0.03 0.00
2016-01-31 -0.45 0.00 0.00
2015-10-31 -0.56 0.00 0.01
2015-07-31 -0.54 0.00 0.00
2015-04-30 -0.43 0.00 0.01
2015-01-31 -0.44 0.00 0.01
2014-10-31 -0.42 0.00 0.02
2014-07-31 -0.24 0.00 0.02
2014-04-30 -0.19 0.00 0.02
2014-01-31 -0.07 0.00 0.04
2013-10-31 0.40 0.00 0.00
2013-07-31 0.61 0.00 0.03
2013-04-30 -0.05 0.02 0.00
  • Progressive Planet Solutions's level of debt (1.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Progressive Planet Solutions's debt level has increased without past 5-year debt data.
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.

  • Progressive Planet Solutions has less than a year of cash runway based on current free cash flow.
  • Progressive Planet Solutions has less than a year of cash runway if free cash flow continues to grow at historical rates of 25.7% each year.
X
Financial health checks
We assess Progressive Planet Solutions'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. Progressive Planet Solutions has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Progressive Planet Solutions'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 Progressive Planet Solutions dividends.
If you bought $2,000 of Progressive Planet Solutions 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 Progressive Planet Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Progressive Planet Solutions'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
OTCPK:ASHX.F 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
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

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

  • Unable to perform a dividend volatility check as Progressive Planet Solutions has not reported any payouts.
  • Unable to verify if Progressive Planet Solutions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Progressive Planet Solutions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Progressive Planet Solutions 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 Progressive Planet Solutions'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 Progressive Planet Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Progressive Planet Solutions 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 Progressive Planet Solutions'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
Steve Harpur
COMPENSATION CA$189,182
TENURE AS CEO 2.1 years
CEO Bio

Mr. Stephen Harpur, also known as Steve, CPA, CGA, has been Chairman and CEO of Progressive Planet Solutions Inc. (formerly known as Ashburton Ventures Inc.) since March 20, 2018 and is Director since January 1, 2018. He was the President and COO of Ashburton Ventures Incorporated since January 2, 2018 until 2018. He is a Chartered Professional Accountant. After graduating from business school, he joined Richardson Greenshields in 1993 and spent the next six years as an investment advisor. Since 1993, he has raised equity for many small cap companies, both public and private. He has extensive experience in project management working for both himself and in a management position with a corporate restructuring and insolvency firm.

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

Average tenure of the Progressive Planet Solutions management team in years:

1.8
Average Tenure
  • The average tenure for the Progressive Planet Solutions management team is less than 2 years, this suggests a new team.
Management Team

Steve Harpur

TITLE
Chairman & CEO
COMPENSATION
CA$189K
TENURE
2.1 yrs

Dave Cross

TITLE
Chief Financial Officer
COMPENSATION
CA$56K
AGE
42
TENURE
1.8 yrs

Mike Wypych

TITLE
Chief Operating Officer
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure of the Progressive Planet Solutions board of directors in years:

2.1
Average Tenure
  • The average tenure for the Progressive Planet Solutions board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ed Beggs

TITLE
Independent Director
COMPENSATION
CA$10K
TENURE
2.2 yrs

Steve Harpur

TITLE
Chairman & CEO
COMPENSATION
CA$189K
TENURE
2.1 yrs

Earl Jenson

TITLE
Member of Technical Advisory Board
TENURE
2.3 yrs

Dave Richardson

TITLE
Member of Technical Advisory Board
AGE
64
TENURE
2.3 yrs

Quak Lee

TITLE
Member of Technical Advisory Board
TENURE
1.7 yrs

Dwayne Melrose

TITLE
Independent Director
COMPENSATION
CA$8K
AGE
62
TENURE
1.7 yrs

Reni Proznick

TITLE
Member of Advisory Board
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • Progressive Planet Solutions individual insiders have sold more shares than they have bought in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Mar 20 Buy Countryman Investments Ltd. Company 04. Mar 20 04. Mar 20 200,000 $0.03 $5,220
02. Mar 20 Buy Countryman Investments Ltd. Company 26. Feb 20 02. Mar 20 470,000 $0.03 $13,645
22. Jan 20 Buy David Richardson Individual 23. Dec 19 23. Dec 19 1,450,000 $0.05 $77,043
29. Jan 20 Buy Stephen Harpur Individual 29. Jan 20 29. Jan 20 250,000 $0.05 $11,360
29. Jan 20 Sell Stephen Harpur Individual 24. Jan 20 24. Jan 20 -300,000 $0.04 $-11,408
24. Dec 19 Buy Stephen Harpur Individual 23. Dec 19 23. Dec 19 200,000 $0.05 $10,627
24. Dec 19 Buy David Cross Individual 24. Dec 19 24. Dec 19 360,000 $0.05 $19,155
27. May 19 Buy Countryman Investments Ltd. Company 26. Apr 19 26. Apr 19 1,000,000 $0.11 $111,456
23. May 19 Buy Stephen Harpur Individual 23. May 19 23. May 19 10,000 $0.12 $1,225
30. Apr 19 Buy David Cross Individual 26. Apr 19 26. Apr 19 166,667 $0.11 $18,576
X
Management checks
We assess Progressive Planet Solutions'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. Progressive Planet Solutions 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

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Company Info

Description

Progressive Planet Solutions Inc., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Canada. The company’s flagship property is the Z1 Zeolite mine located to the northeast of Cache Creek, British Columbia. The company was formerly known as Ashburton Ventures Inc. and changed its name to Progressive Planet Solutions Inc. in June 2018. Progressive Planet Solutions Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Details
Name: Progressive Planet Solutions Inc.
ASHX.F
Exchange: OTCPK
Founded: 2006
CA$509,995
28,864,711
Website: http://www.progressiveplanet.ca
Address: Progressive Planet Solutions Inc.
510 - 580 Hornby Street,
Vancouver,
British Columbia, V6C 3B6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PLAN Common Shares TSX Venture Exchange CA CAD 20. Sep 2007
OTCPK ASHX.F Common Shares Pink Sheets LLC US USD 20. Sep 2007
DB ARB2 Common Shares Deutsche Boerse AG DE EUR 20. Sep 2007
Number of employees
Current staff
Staff numbers
0
Progressive Planet Solutions employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 01:34
End of day share price update: 2020/03/18 00:00
Last earnings filing: 2019/12/30
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/04/30


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.