Forge Resources Corp.
Forge Resources Corp. engages in the exploration and development of natural resource properties in Canada, Colombia, and Mexico. The company explores for gold, molybdenum, and copper deposits, as well as coal. It has an option right to earn 60% joint venture interest in the Alotta project located in the Whitehorse mining district, Yukon. The company also holds interest in the La Estrella coal pro… Read more
Forge Resources Corp. (FRGGF) - Net Assets
Latest net assets as of November 2025: $15.78 Million USD
Based on the latest financial reports, Forge Resources Corp. (FRGGF) has net assets worth $15.78 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($19.49 Million) and total liabilities ($3.71 Million). 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 | $15.78 Million |
| % of Total Assets | 80.95% |
| Annual Growth Rate | 54.42% |
| 5-Year Change | 716.94% |
| 10-Year Change | N/A |
| Growth Volatility | 148.04 |
Forge Resources Corp. - Net Assets Trend (2020–2025)
This chart illustrates how Forge Resources Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Forge Resources Corp. (2020–2025)
The table below shows the annual net assets of Forge Resources Corp. from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $14.13 Million | +97.56% |
| 2024-11-30 | $7.15 Million | +1073.74% |
| 2023-11-30 | $-734.61K | -110.77% |
| 2022-11-30 | $6.82 Million | +294.35% |
| 2021-11-30 | $1.73 Million | +7.45% |
| 2020-11-30 | $1.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forge Resources Corp.'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 2201925800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $36.54 Million | 319.42% |
| Total Equity | $11.44 Million | 100.00% |
Forge Resources Corp. Competitors by Market Cap
The table below lists competitors of Forge Resources Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pan-Pacific
KO:007980
|
$38.87 Million |
|
Thai Metal Drum Manufacturing Public Company Limited
BK:TMD
|
$38.89 Million |
|
Omega Oil & Gas Ltd
AU:OMA
|
$38.89 Million |
|
DP Aircraft I Limited
LSE:DPA
|
$38.90 Million |
|
Unibios Holdings S.A
AT:BIOSK
|
$38.86 Million |
|
Neogrid Participações S.A
SA:NGRD3
|
$38.85 Million |
|
HBL Corporation
KQ:452190
|
$38.83 Million |
|
Shin Nippon Biomedical Laboratories, Ltd.
PINK:SBLOF
|
$38.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forge Resources Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,153,254 to 11,439,385, a change of 4,286,131 (59.9%).
- Net loss of 6,246,903 reduced equity.
- New share issuances of 4,928,583 increased equity.
- Other factors increased equity by 5,604,451.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.25 Million | -54.61% |
| Share Issuances | $4.93 Million | +43.08% |
| Other Changes | $5.60 Million | +48.99% |
| Total Change | $- | 59.92% |
Book Value vs Market Value Analysis
This analysis compares Forge Resources Corp.'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: 4.14x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 10.38x to 4.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-11-30 | $0.05 | $0.51 | x |
| 2021-11-30 | $0.04 | $0.51 | x |
| 2022-11-30 | $0.12 | $0.51 | x |
| 2023-11-30 | $-0.01 | $0.51 | x |
| 2024-11-30 | $0.09 | $0.51 | x |
| 2025-11-30 | $0.12 | $0.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forge Resources Corp. 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): -54.61%
- 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: 1.51x
- Recent ROE (-54.61%) is above the historical average (-66.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -123.51% | 0.00% | 0.00x | 1.03x | $-2.15 Million |
| 2021 | -143.89% | 0.00% | 0.00x | 1.93x | $-2.66 Million |
| 2022 | -31.72% | 0.00% | 0.00x | 1.12x | $-2.85 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.92 Million |
| 2024 | -43.69% | 0.00% | 0.00x | 1.02x | $-3.84 Million |
| 2025 | -54.61% | 0.00% | 0.00x | 1.51x | $-7.39 Million |
Industry Comparison
This section compares Forge Resources Corp.'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 |
|---|---|---|---|---|
| Forge Resources Corp. (FRGGF) | $15.78 Million | -123.51% | 0.24x | $38.87 Million |
| 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 |