Traction Uranium Corp.
Traction Uranium Corp. engages in the acquisition, exploration, and evaluation of resource properties in Canada. It explores for uranium, rare earths, nickel, and cobalt deposits. It holds an option agreement to acquire 70% interest in the Hearty Bay property and Lazy Edward property located in Saskatchewan; 75% interest to acquire the Key Lake South property consisting of 1,794 hectares located … Read more
Traction Uranium Corp. (TRCTD) - Net Assets
Latest net assets as of March 2024: $4.02 Million USD
Based on the latest financial reports, Traction Uranium Corp. (TRCTD) has net assets worth $4.02 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.09 Million) and total liabilities ($69.89K). 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 | $4.02 Million |
| % of Total Assets | 98.29% |
| Annual Growth Rate | 183.52% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 205.78 |
Traction Uranium Corp. - Net Assets Trend (2020–2023)
This chart illustrates how Traction Uranium 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 Traction Uranium Corp. (2020–2023)
The table below shows the annual net assets of Traction Uranium Corp. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $5.17 Million | +35.46% |
| 2022-09-30 | $3.82 Million | +523.25% |
| 2021-09-30 | $612.68K | +169.37% |
| 2020-09-30 | $227.45K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Traction Uranium 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 2213825900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $27.32 Million | 528.17% |
| Total Equity | $5.17 Million | 100.00% |
Traction Uranium Corp. Competitors by Market Cap
The table below lists competitors of Traction Uranium Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sidney Resources Corp
PINK:SDRC
|
$2.12K |
|
PROTEOLOGICS - Tel Aviv Stock Exchang
TA:PRTL
|
$2.12K |
|
Black Rose Projects S.A.
WAR:BRP
|
$2.12K |
|
ATMP3F
SA:ATMP3F
|
$2.12K |
|
Linklogis Inc. Class B
F:0NY
|
$2.11K |
|
American Noble Gas Inc.
OTCQB:AMNI
|
$2.11K |
|
Asia Pacific Investment JSC
VN:API
|
$2.11K |
|
Sunder Biomedical Tech. Co., Ltd.
TWO:4115
|
$2.11K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Traction Uranium Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,818,514 to 5,172,584, a change of 1,354,070 (35.5%).
- Net loss of 9,360,804 reduced equity.
- New share issuances of 6,980,585 increased equity.
- Other factors increased equity by 3,734,289.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.36 Million | -180.97% |
| Share Issuances | $6.98 Million | +134.95% |
| Other Changes | $3.73 Million | +72.19% |
| Total Change | $- | 35.46% |
Book Value vs Market Value Analysis
This analysis compares Traction Uranium 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: 3.41x
- 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 20.49x to 3.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | $0.01 | $0.21 | x |
| 2021-09-30 | $0.03 | $0.21 | x |
| 2022-09-30 | $0.07 | $0.21 | x |
| 2023-09-30 | $0.06 | $0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Traction Uranium 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): -180.97%
- 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: 1.02x
- Recent ROE (-180.97%) is above the historical average (-189.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -57.85% | 0.00% | 0.00x | 1.11x | $-415.72K |
| 2022 | -330.19% | 0.00% | 0.00x | 1.01x | $-12.99 Million |
| 2023 | -180.97% | 0.00% | 0.00x | 1.02x | $-9.88 Million |
Industry Comparison
This section compares Traction Uranium Corp.'s net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Traction Uranium Corp. (TRCTD) | $4.02 Million | -57.85% | 0.02x | $2.11K |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |