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District Metals

OTCPK:MKVN.F
Snowflake Description

Adequate balance sheet with weak fundamentals.

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

District Metals Corp., a junior mineral exploration stage company, acquires, explores for, and evaluates natural resource properties in Canada. The last earnings update was 41 days ago. More info.


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MKVN.F Share Price and Events
7 Day Returns
0%
OTCPK:MKVN.F
1.5%
US Metals and Mining
-2.8%
US Market
1 Year Returns
-
OTCPK:MKVN.F
-30.6%
US Metals and Mining
-15.9%
US Market
MKVN.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
District Metals (MKVN.F) 0% 0% - - -36.6% -75.3%
US Metals and Mining 1.5% -21.7% -30.8% -30.6% -29.2% -11.2%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • No trading data on MKVN.F.
  • No trading data on MKVN.F.
Price Volatility
MKVN.F
Industry
5yr Volatility vs Market

MKVN.F Value

 Is District 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 District Metals. This is due to cash flow or dividend data being unavailable. The share price is $0.10729.
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 District Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are District Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MKVN.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.02
TSXV:DMX Share Price ** TSXV (2020-02-24) in CAD CA$0.14
United States of America Metals and Mining Industry PE Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 8.1x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

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

** Primary Listing of District Metals.

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

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

= 0.14 ÷ -0.02

-7.48x

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

  • District Metals is loss making, we can't compare its value to the US Metals and Mining industry average.
  • District Metals 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 District Metals's expected growth come at a high price?
Raw Data
OTCPK:MKVN.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.48x
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 2,010 Publicly-Listed Companies 0.88x

*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 District Metals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on District Metals's assets?
Raw Data
OTCPK:MKVN.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$0.03
TSXV:DMX Share Price * TSXV (2020-02-24) in CAD CA$0.14
United States of America Metals and Mining Industry PB Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 0.99x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
OTCPK:MKVN.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.14 ÷ 0.03

4.56x

* Primary Listing of District Metals.

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

  • District Metals is overvalued based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess District 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 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. District 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.

MKVN.F Future Performance

 How is District 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 District 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
8.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is District Metals expected to grow at an attractive rate?
  • Unable to compare District Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare District Metals's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare District Metals's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MKVN.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 8.7%
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 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:MKVN.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MKVN.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 -1 -1
2019-09-30 0 -1
2019-06-30 0 -1
2019-03-31 0 -1
2018-12-31 0 -1
2018-09-30 0 -1
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if District Metals is high growth as no earnings estimate data is available.
  • Unable to determine if District 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
OTCPK:MKVN.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from District Metals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MKVN.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.02
2019-09-30 -0.02
2019-06-30 -0.03
2019-03-31 -0.03
2018-12-31 -0.03
2018-09-30 -0.03
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
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 District Metals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine District Metals'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. District 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 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 District Metals'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 District 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 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.
District 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.

MKVN.F Past Performance

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

OTCPK:MKVN.F 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 -0.61 0.55
2019-09-30 -0.63 0.58
2019-06-30 -0.97 0.94
2019-03-31 -0.91 0.89
2018-12-31 -0.84 0.83
2018-09-30 -0.75 0.73
2018-06-30 -0.10 0.09
2018-03-31 -0.10 0.08
2017-12-31 -0.11 0.09
2017-09-30 -0.12 0.09
2017-06-30 -0.14 0.12
2017-03-31 -0.13 0.11
2016-12-31 -0.11 0.12
2016-09-30 -0.11 0.12
2016-06-30 -0.12 0.11
2016-03-31 -0.14 0.11
2015-12-31 0.87 -0.76
2015-09-30 0.07 -0.13
2015-06-30 -1.09 0.91
2015-03-31 1.99 -1.07
2014-12-31 -5.43 3.60
2014-09-30 -5.33 3.62
2014-06-30 -0.94 0.72
2014-03-31 -5.92 4.29
2013-12-31 -6.01 5.42
2013-09-30 -7.84 7.24
2013-06-30 -9.10 8.49

*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 District 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 District Metals 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 District 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 District 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 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.
District 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.

MKVN.F Health

 How is District 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 District Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • District Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • District Metals has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of District 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.
  • District 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 District Metals Company Filings, last reported 3 months ago.

OTCPK:MKVN.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1.01 0.00 0.39
2019-09-30 1.12 0.00 0.56
2019-06-30 1.04 0.00 0.78
2019-03-31 1.13 0.00 1.14
2018-12-31 1.21 0.00 1.24
2018-09-30 1.33 0.00 1.37
2018-06-30 1.42 0.00 1.43
2018-03-31 0.90 0.00 0.93
2017-12-31 0.92 0.00 0.93
2017-09-30 0.95 0.00 0.97
2017-06-30 0.98 0.00 1.01
2017-03-31 0.35 0.00 0.38
2016-12-31 0.38 0.00 0.40
2016-09-30 0.41 0.00 0.48
2016-06-30 0.46 0.04 0.00
2016-03-31 -0.17 0.04 0.01
2015-12-31 -0.17 0.02 0.00
2015-09-30 -0.11 0.02 0.01
2015-06-30 -0.06 0.00 0.00
2015-03-31 -0.11 0.00 0.15
2014-12-31 5.61 0.00 0.78
2014-09-30 6.42 0.00 1.61
2014-06-30 6.53 0.00 1.67
2014-03-31 7.61 0.00 3.04
2013-12-31 6.67 0.00 0.61
2013-09-30 7.55 0.00 1.04
2013-06-30 8.45 0.00 2.05
  • District Metals has no debt.
  • District 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.

  • District Metals has less than a year of cash runway based on current free cash flow.
  • District Metals has less than a year of cash runway if free cash flow continues to reduce at historical rates of -52.1% each year.
X
Financial health checks
We assess District 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. District Metals 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.

MKVN.F Dividends

 What is District 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 District Metals dividends.
If you bought $2,000 of District 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 District Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate District 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
OTCPK:MKVN.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 1936 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 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as District Metals has not reported any payouts.
  • Unable to verify if District Metals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of District Metals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as District 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 District Metals'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 District Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. District 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.

MKVN.F Management

 What is the CEO of District 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
Garrett Ainsworth
COMPENSATION CA$115,738
AGE 41
TENURE AS CEO 1.8 years
CEO Bio

Mr. Garrett Paul Ainsworth, DIPTECH, BTECH (HONS), BSC (HONS), PGEO, has been Advisor of Genesis Metals Corp. November 21, 2018. Mr. Ainsworth serves as President, Chief Executive Officer and Director at District Metals Corp. (formerly known as MK2 Ventures Ltd.) since July 11, 2018. He has been Director of Vela Minerals Ltd since June 2018. Mr. Ainsworth served as a Vice President of Exploration & Development at NexGen Energy Ltd. since June 2, 2014 until April 15, 2018. He served as the Project Manager for the Alpha-Fission Joint Venture at Patterson Lake South from 2007 to 2013. Mr. Ainsworth served as Vice President of Exploration at Alpha Minerals Inc (Formerly Exploration at ESO Uranium Corp.) since October 2012. He served as Vice President of Exploration at Alpha Exploration Inc., from December 2013 to June 2014. Mr. Ainsworth has been a Director of IsoEnergy Ltd. from April 01, 2016 to April 15, 2018. He served as Project Geologist at Alpha Minerals Inc. Mr. Ainsworth served as the Director of NxGold Ltd. from October 15, 2015 to April 15, 2018. He served as Project Staff/Project Manager for Pottinger Gaherty Environmental Ltd. Since 2002, he served as an environmental engineer at Thurber Engineering Ltd. Mr. Ainsworth served as President of Black Hawk Exploration Inc., from December 2007 to September 10, 2008 and also served as its Chief Executive Officer, Principal Financial Officer and Principal Accounting Officer until June 11, 2007. He served as Secretary and Treasurer at Black Hawk Exploration Inc. Mr. Ainsworth was under contract to Cream Minerals Ltd., from October 2006 to June 2007 performing geological services for off and on shore diamond exploration programs in Sierra Leone, West Africa. In 2001, he was an environmental technologist at O'Conner Associate Environmental Ltd. Mr. Ainsworth has been Director at Lancaster Capital Corp. since October 15, 2015. He serves as a Director of Ainsworth Garrett. Mr. Ainsworth served as Director of Big North Graphite Corp. (formerly, Big North Capital Inc.), from October 30, 2007 to May 14, 2010. He served as a Director of Black Hawk Exploration Inc., from April 14, 2005 to September 10, 2008. In 2013, he got the AMEBC recipient of the Colin Spence Award (For Excellence in Global Mineral Exploration) in recognition of his efforts which led to the discovery of the high-grade uranium mineralized system at the Patterson Lake South project in the Athabasca Basin, Saskatchewan. Mr. Ainsworth graduated from the British Columbia Institute of Technology (BCIT) with Bachelor of Technology in Environmental Engineering Technology in 2004. In 2000, he obtained a diploma in Mining Engineering Technology from the British Columbia Institute of Technology in Burnaby (BCIT), British Columbia.

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

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

1.3
Average Tenure
44.5
Average Age
  • The average tenure for the District Metals management team is less than 2 years, this suggests a new team.
Management Team

Garrett Ainsworth

TITLE
President
COMPENSATION
CA$116K
AGE
41
TENURE
1.8 yrs

Gavin Cooper

TITLE
Chief Financial Officer
AGE
73
TENURE
3 yrs

Robby, Rob Chang

TITLE
Strategic Advisor
AGE
41
TENURE
0.1 yrs

Emily Davis

TITLE
Company Secretary
AGE
48
TENURE
0.8 yrs
Board of Directors Tenure

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

0.8
Average Tenure
49
Average Age
  • The average tenure for the District Metals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Garrett Ainsworth

TITLE
President
COMPENSATION
CA$116K
AGE
41
TENURE
1.8 yrs

Joanna Cameron

TITLE
Director
TENURE
0.8 yrs

Anna Ladd-Kruger

TITLE
Independent Director
AGE
49
TENURE
0.8 yrs

Doug Ramshaw

TITLE
Director
AGE
61
TENURE
0.1 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 ($) Value ($)
14. Feb 20 Sell Rosseau Asset Management Ltd. Company 12. Feb 20 12. Feb 20 -1,601,000 $0.09 $-144,943
03. Jan 20 Sell Rosseau Asset Management Ltd. Company 31. Dec 19 31. Dec 19 -500,000 $0.08 $-38,550
31. Dec 19 Sell Rosseau Asset Management Ltd. Company 24. Dec 19 27. Dec 19 -1,519,000 $0.08 $-115,892
13. Dec 19 Sell Rosseau Asset Management Ltd. Company 11. Dec 19 11. Dec 19 -500,000 $0.08 $-37,868
X
Management checks
We assess District 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. District 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.

MKVN.F News

Simply Wall St News

MKVN.F Company Info

Description

District Metals Corp., a junior mineral exploration stage company, acquires, explores for, and evaluates natural resource properties in Canada. It holds a 100% interest in the Bakar copper-silver property covering an area of 15,687 hectares of mineral claims located on North Vancouver Island, British Columbia. The company was formerly known as MK2 Ventures Ltd. and changed its name to District Metals Corp. in July 2019. District Metals Corp. was founded in 1989 and is based in Vancouver, Canada.

Details
Name: District Metals Corp.
MKVN.F
Exchange: OTCPK
Founded: 1989
CA$3,276,252
33,073,303
Website: http://www.districtmetals.com
Address: District Metals Corp.
1030 West Georgia Street,
Suite 907,
Vancouver,
British Columbia, V6E 2Y3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV DMX Common Shares TSX Venture Exchange CA CAD 11. Apr 1990
OTCPK MKVN.F Common Shares Pink Sheets LLC US USD 11. Apr 1990
Number of employees
Current staff
Staff numbers
0
District Metals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 07:56
End of day share price update: 2020/02/24 00:00
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.