Red Pine Exploration Inc
RPX Gold Inc. engages in the acquisition, exploration, and development of mining properties in Canada. The company primarily explores for gold. Its flagship project is the 100% owned Wawa gold project that comprises 307 mining claims, 17 leases, and 106 patents covering 7,123 hectares located in the McMurray Township on the east of the town of Wawa in northern Ontario. The company was formerly kn… Read more
Red Pine Exploration Inc (RDEXF) - Net Assets
Latest net assets as of October 2025: $6.36 Million USD
Based on the latest financial reports, Red Pine Exploration Inc (RDEXF) has net assets worth $6.36 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.91 Million) and total liabilities ($1.55 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 | $6.36 Million |
| % of Total Assets | 80.45% |
| Annual Growth Rate | N/A |
| 5-Year Change | 135.85% |
| 10-Year Change | 102.9% |
| Growth Volatility | 134.6 |
Red Pine Exploration Inc - Net Assets Trend (2013–2023)
This chart illustrates how Red Pine 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 Red Pine Exploration Inc (2013–2023)
The table below shows the annual net assets of Red Pine Exploration Inc from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-07-31 | $3.10 Million | +13.31% |
| 2022-07-31 | $2.74 Million | +9.70% |
| 2021-07-31 | $2.50 Million | +231.04% |
| 2020-07-31 | $754.06K | -42.68% |
| 2019-07-31 | $1.32 Million | -48.27% |
| 2018-07-31 | $2.54 Million | -30.61% |
| 2017-07-31 | $3.66 Million | +282.57% |
| 2016-07-31 | $957.97K | +317.11% |
| 2015-07-31 | $-441.24K | -128.85% |
| 2014-07-31 | $1.53 Million | +311.53% |
| 2013-07-31 | $-722.97K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Red Pine 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 10724995900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $99.05 Million | 3192.24% |
| Other Components | $11.30 Million | 364.24% |
| Total Equity | $3.10 Million | 100.00% |
Red Pine Exploration Inc Competitors by Market Cap
The table below lists competitors of Red Pine Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ausquest Ltd
AU:AQD
|
$23.88 Million |
|
VRX Silica Ltd
AU:VRX
|
$23.88 Million |
|
Prestige BioPharma Limited
KO:950210
|
$23.88 Million |
|
I&C Technology Co. Ltd
KQ:052860
|
$23.89 Million |
|
BAHADIR KIMYA
IS:BAHKM
|
$23.86 Million |
|
Jasa Armada Indonesia Tbk PT
JK:IPCM
|
$23.85 Million |
|
Lion Copper and Gold Corp
OTCQB:LCGMF
|
$23.85 Million |
|
Malaysia Steel Works KL Bhd
KLSE:5098
|
$23.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Red Pine Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,738,334 to 3,102,867, a change of 364,533 (13.3%).
- Net loss of 10,773,852 reduced equity.
- New share issuances of 13,263,159 increased equity.
- Other factors decreased equity by 2,124,774.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.77 Million | -347.22% |
| Share Issuances | $13.26 Million | +427.45% |
| Other Changes | $-2.12 Million | -68.48% |
| Total Change | $- | 13.31% |
Book Value vs Market Value Analysis
This analysis compares Red Pine 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: 3.92x
- 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 0.52x to 3.92x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-07-31 | $0.14 | $0.07 | x |
| 2018-07-31 | $0.09 | $0.07 | x |
| 2019-07-31 | $0.04 | $0.07 | x |
| 2020-07-31 | $0.02 | $0.07 | x |
| 2021-07-31 | $0.03 | $0.07 | x |
| 2022-07-31 | $0.02 | $0.07 | x |
| 2023-07-31 | $0.02 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Red Pine 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): -347.22%
- 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: 1.35x
- Recent ROE (-347.22%) is below the historical average (-314.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $5.84K |
| 2014 | -136.28% | 0.00% | 0.00x | 1.26x | $-2.24 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.66 Million |
| 2016 | -155.92% | -1961.97% | 0.04x | 2.12x | $-1.59 Million |
| 2017 | -698.58% | 0.00% | 0.00x | 1.32x | $-25.97 Million |
| 2018 | -150.77% | 0.00% | 0.00x | 1.26x | $-4.09 Million |
| 2019 | -378.53% | 0.00% | 0.00x | 1.37x | $-5.11 Million |
| 2020 | -523.27% | 0.00% | 0.00x | 2.00x | $-4.02 Million |
| 2021 | -659.94% | 0.00% | 0.00x | 1.71x | $-16.72 Million |
| 2022 | -405.24% | 0.00% | 0.00x | 1.61x | $-11.37 Million |
| 2023 | -347.22% | 0.00% | 0.00x | 1.35x | $-11.08 Million |
Industry Comparison
This section compares Red Pine 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 |
|---|---|---|---|---|
| Red Pine Exploration Inc (RDEXF) | $6.36 Million | 0.00% | 0.24x | $23.87 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 |