Nevada Exploration Inc
URZ3 Energy Corp., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in the United States and Canada. It primarily explores in gold. The company holds 100% interest in the 35,467-mineral claims in Saskatchewan. URZ3 Energy Corp. is based in Vancouver, Canada.
Nevada Exploration Inc (NVDEF) - Net Assets
Latest net assets as of October 2024: $494.41K USD
Based on the latest financial reports, Nevada Exploration Inc (NVDEF) has net assets worth $494.41K USD as of October 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($954.33K) and total liabilities ($459.92K). 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 | $494.41K |
| % of Total Assets | 51.81% |
| Annual Growth Rate | -29.08% |
| 5-Year Change | 4.9% |
| 10-Year Change | N/A |
| Growth Volatility | 725.46 |
Nevada Exploration Inc - Net Assets Trend (2014–2024)
This chart illustrates how Nevada Exploration Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nevada Exploration Inc (2014–2024)
The table below shows the annual net assets of Nevada Exploration Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | $139.08K | +120.99% |
| 2023-04-30 | $-662.56K | -130.86% |
| 2022-04-30 | $2.15 Million | +87.11% |
| 2021-04-30 | $1.15 Million | +765.48% |
| 2020-04-30 | $132.58K | -93.54% |
| 2019-04-30 | $2.05 Million | +225.71% |
| 2018-04-30 | $629.69K | -30.21% |
| 2017-04-30 | $902.27K | +2131.02% |
| 2016-04-30 | $40.44K | +113.34% |
| 2015-04-30 | $-303.15K | -107.02% |
| 2014-04-30 | $4.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nevada Exploration Inc'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 2956399800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $42.79 Million | 30767.48% |
| Total Equity | $139.08K | 100.00% |
Nevada Exploration Inc Competitors by Market Cap
The table below lists competitors of Nevada Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Calidi Biotherapeutics Inc.
NYSE MKT:CLDI
|
$1.97 Million |
|
Xpon Technologies Group Ltd
AU:XPN
|
$1.97 Million |
|
SANLAM MAROC
BC:SANLAM-MAROC
|
$1.97 Million |
|
Havsfrun Investment AB (publ)
ST:HAV-B
|
$1.98 Million |
|
My Size Inc
NASDAQ:MYSZ
|
$1.97 Million |
|
ASSURANT
BE:ZAS
|
$1.97 Million |
|
Versus Systems Inc
NASDAQ:VS
|
$1.97 Million |
|
RESMED
MU:RME
|
$1.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nevada Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -662,564 to 139,082, a change of 801,646.
- Net loss of 1,139,298 reduced equity.
- New share issuances of 2,035,000 increased equity.
- Other factors decreased equity by 94,056.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.14 Million | -819.16% |
| Share Issuances | $2.04 Million | +1463.17% |
| Other Changes | $-94.06K | -67.63% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Nevada Exploration Inc'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: 17.22x
- 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 increased from 4.98x to 17.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-04-30 | $0.02 | $0.09 | x |
| 2018-04-30 | $0.01 | $0.09 | x |
| 2019-04-30 | $0.02 | $0.09 | x |
| 2020-04-30 | $0.00 | $0.09 | x |
| 2021-04-30 | $0.01 | $0.09 | x |
| 2022-04-30 | $0.01 | $0.09 | x |
| 2023-04-30 | $-0.10 | $0.09 | x |
| 2024-04-30 | $0.01 | $0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nevada Exploration Inc 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): -819.16%
- 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: 3.06x
- Recent ROE (-819.16%) is above the historical average (-837.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -81.76% | -2279.62% | 0.03x | 1.07x | $-3.96 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-389.54K |
| 2016 | -2969.22% | -1541.02% | 0.38x | 5.02x | $-1.20 Million |
| 2017 | -327.54% | -6129.43% | 0.05x | 1.12x | $-3.05 Million |
| 2018 | -455.21% | 0.00% | 0.00x | 1.14x | $-2.93 Million |
| 2019 | -211.32% | 0.00% | 0.00x | 1.06x | $-4.54 Million |
| 2020 | -3873.45% | 0.00% | 0.00x | 3.38x | $-5.15 Million |
| 2021 | -291.74% | 0.00% | 0.00x | 1.44x | $-3.46 Million |
| 2022 | -183.35% | 0.00% | 0.00x | 1.20x | $-4.15 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.05 Million |
| 2024 | -819.16% | 0.00% | 0.00x | 3.06x | $-1.15 Million |
Industry Comparison
This section compares Nevada Exploration Inc'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 |
|---|---|---|---|---|
| Nevada Exploration Inc (NVDEF) | $494.41K | -81.76% | 0.93x | $1.97 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 |