QC Copper and Gold Inc
XXIX Metal Corp. engages in the exploration, development, and production of mineral properties in Canada. It explores for copper and gold deposits. The company was formerly known as QC Copper and Gold Inc. and changed its name to XXIX Metal Corp. in December 2024. XXIX Metal Corp. was incorporated in 2018 and is headquartered in Toronto, Canada.
QC Copper and Gold Inc (QCCUF) - Net Assets
Latest net assets as of April 2025: $4.12 Million USD
Based on the latest financial reports, QC Copper and Gold Inc (QCCUF) has net assets worth $4.12 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.84 Million) and total liabilities ($2.72 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 | $4.12 Million |
| % of Total Assets | 60.17% |
| Annual Growth Rate | 41.22% |
| 5-Year Change | 61.92% |
| 10-Year Change | N/A |
| Growth Volatility | 484.59 |
QC Copper and Gold Inc - Net Assets Trend (2018–2024)
This chart illustrates how QC Copper and Gold 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 QC Copper and Gold Inc (2018–2024)
The table below shows the annual net assets of QC Copper and Gold Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $7.74 Million | -36.13% |
| 2023-10-31 | $12.12 Million | -26.63% |
| 2022-10-31 | $16.52 Million | -3.81% |
| 2021-10-31 | $17.17 Million | +259.18% |
| 2020-10-31 | $4.78 Million | +1293.08% |
| 2019-10-31 | $343.19K | -64.82% |
| 2018-10-31 | $975.42K | -- |
Equity Component Analysis
This analysis shows how different components contribute to QC Copper and Gold 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 1442879600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $23.27 Million | 300.63% |
| Total Equity | $7.74 Million | 100.00% |
QC Copper and Gold Inc Competitors by Market Cap
The table below lists competitors of QC Copper and Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi ve Ticaret A.S.
IS:HKTM
|
$15.97 Million |
|
Gome Telecom Equipment Co Ltd
SHG:600898
|
$15.98 Million |
|
Inspira Technologies Oxy BHN Ltd
NASDAQ:IINN
|
$15.98 Million |
|
FERRO-ALLOY RES.
F:5PE
|
$15.98 Million |
|
LIVEWIRE GROUP DL-0001
F:P9N
|
$15.97 Million |
|
Horng Tong Enterprise Co., Ltd.
TWO:5271
|
$15.96 Million |
|
Actia Group
PA:ALATI
|
$15.96 Million |
|
Chemcon Speciality Chemicals Limited
NSE:CHEMCON
|
$15.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QC Copper and Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,120,271 to 7,741,126, a change of -4,379,145 (-36.1%).
- Net loss of 4,857,132 reduced equity.
- Other factors increased equity by 477,987.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.86 Million | -62.74% |
| Other Changes | $477.99K | +6.17% |
| Total Change | $- | -36.13% |
Book Value vs Market Value Analysis
This analysis compares QC Copper and Gold 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: 1.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.84x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-10-31 | $0.03 | $0.06 | x |
| 2019-10-31 | $0.01 | $0.06 | x |
| 2020-10-31 | $0.07 | $0.06 | x |
| 2021-10-31 | $0.13 | $0.06 | x |
| 2022-10-31 | $0.11 | $0.06 | x |
| 2023-10-31 | $0.07 | $0.06 | x |
| 2024-10-31 | $0.04 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QC Copper and Gold 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): -62.74%
- 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: 1.06x
- Recent ROE (-62.74%) is above the historical average (-70.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -61.14% | 0.00% | 0.00x | 1.07x | $-693.96K |
| 2019 | -335.02% | 0.00% | 0.00x | 1.29x | $-1.18 Million |
| 2020 | 48.62% | 0.00% | 0.00x | 1.09x | $1.85 Million |
| 2021 | 2.81% | 0.00% | 0.00x | 1.21x | $-1.24 Million |
| 2022 | -23.65% | 0.00% | 0.00x | 1.02x | $-5.56 Million |
| 2023 | -60.41% | 0.00% | 0.00x | 1.02x | $-8.53 Million |
| 2024 | -62.74% | 0.00% | 0.00x | 1.06x | $-5.63 Million |
Industry Comparison
This section compares QC Copper and Gold Inc's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $772,452,903
- Average return on equity (ROE) among peers: -135.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QC Copper and Gold Inc (QCCUF) | $4.12 Million | -61.14% | 0.66x | $15.97 Million |
| Atlas Consolidated Mining and Development Corporation (ACMDY) | $5.76 Billion | -13.16% | 2.06x | $240.13 Million |
| Antofagasta PLC (ANFGF) | $1.28 Billion | 7.59% | 0.93x | $6.24 Billion |
| Trinity One Metals Ltd. (ARJNF) | $-188.82K | 0.00% | 0.00x | $100.13K |
| Amerigo Resources Ltd. (ARREF) | $132.68 Million | 0.00% | 0.55x | $151.75 Million |
| Arizona Sonoran Copper Company Inc. (ASCUF) | $44.08 Million | -29.63% | 0.23x | $218.14 Million |
| Alta Copper Corp. (ATCUF) | $62.65 Million | -1.27% | 0.02x | $17.41 Million |
| Atalaya Mining Plc (ATLMF) | $435.90 Million | 30.66% | 0.34x | $433.10 Million |
| Bell Copper Corporation (BCUFF) | $9.40 Million | -12.90% | 0.16x | $2.22 Million |
| Giant Mining Corp. (BFGFF) | $824.41K | -253.66% | 0.31x | $18.49 Million |
| Blue River Resources Ltd (BRVRF) | $145.98K | -1083.66% | 2.72x | $704.59K |