WGELF
Western Gold Exploration Ltd., through its subsidiaries, engages in the exploration and development of mineral properties in Scotland. The company explores for gold and copper deposits. It holds interest in the Lagalochan copper-gold porphyry project located in Kilmelford, Scotland; and Ardlochan Project located in the Lorne Porphyry District. Western Gold Exploration Ltd. is headquartered in Nor… Read more
WGELF (WGELF) - Net Assets
Latest net assets as of September 2025: $829.81K USD
Based on the latest financial reports, WGELF (WGELF) has net assets worth $829.81K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($839.36K) and total liabilities ($9.55K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $829.81K |
| % of Total Assets | 98.86% |
| Annual Growth Rate | -39.31% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.08 |
WGELF - Net Assets Trend (2020–2024)
This chart illustrates how WGELF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for WGELF (2020–2024)
The table below shows the annual net assets of WGELF from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $848.73K | -41.06% |
| 2023-12-31 | $1.44 Million | +11.20% |
| 2022-12-31 | $1.29 Million | -53.64% |
| 2021-12-31 | $2.79 Million | -55.35% |
| 2020-12-31 | $6.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WGELF's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 910453700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $14.93 Million | 1759.31% |
| Total Equity | $848.73K | 100.00% |
WGELF Competitors by Market Cap
The table below lists competitors of WGELF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IGEN Networks Corp
PINK:IGEN
|
$305.40K |
|
MGM RESORTS ITL
BE:MGG
|
$305.79K |
|
Adamas One Corp. Common Stock
PINK:JEWL
|
$305.86K |
|
HILG11
SA:HILG11
|
$305.92K |
|
Ziccum AB
ST:ZICC
|
$305.34K |
|
CHIPOTLE MEXICAN
BE:C9F
|
$305.30K |
|
MITSUI ENGR & SHIP - Dusseldorf Stock Exchang
DU:MU1
|
$305.28K |
|
ROGERS COMM -B-
BE:RCIB
|
$305.27K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WGELF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,440,071 to 848,726, a change of -591,345 (-41.1%).
- Net loss of 1,735,793 reduced equity.
- New share issuances of 1,155,280 increased equity.
- Other factors decreased equity by 10,832.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.74 Million | -204.52% |
| Share Issuances | $1.16 Million | +136.12% |
| Other Changes | $-10.83K | -1.28% |
| Total Change | $- | -41.06% |
Book Value vs Market Value Analysis
This analysis compares WGELF's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.11x to 2.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.24 | $0.03 | x |
| 2021-12-31 | $0.10 | $0.03 | x |
| 2022-12-31 | $0.04 | $0.03 | x |
| 2023-12-31 | $0.03 | $0.03 | x |
| 2024-12-31 | $0.01 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WGELF utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -204.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-204.52%) is below the historical average (-127.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -67.72% | 0.00% | 0.00x | 1.01x | $-4.86 Million |
| 2021 | -51.74% | 0.00% | 0.00x | 1.02x | $-1.72 Million |
| 2022 | -197.92% | 0.00% | 0.00x | 1.08x | $-2.69 Million |
| 2023 | -117.98% | 0.00% | 0.00x | 1.03x | $-1.84 Million |
| 2024 | -204.52% | 0.00% | 0.00x | 1.05x | $-1.82 Million |
Industry Comparison
This section compares WGELF's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WGELF (WGELF) | $829.81K | -67.72% | 0.01x | $305.35K |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |