Adex Mining Inc
Adex Mining Inc. engages in exploring and developing mineral properties in Canada. The company primarily explores for tin, indium, zinc, molybdenum, and tungsten deposits. It holds 100% of the subsurface mineral rights to approximately 1,600 hectares comprising the Mount Pleasant mine area of New Brunswick, Canada. The company was founded in 1992 and is based in Toronto, Canada.
Adex Mining Inc (ADXDF) - Net Assets
Latest net assets as of September 2025: $-32.88 Million USD
Based on the latest financial reports, Adex Mining Inc (ADXDF) has net assets worth $-32.88 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.40 Million) and total liabilities ($34.28 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 | $-32.88 Million |
| % of Total Assets | -2345.07% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -302.4% |
| Growth Volatility | 46.55 |
Adex Mining Inc - Net Assets Trend (2006–2024)
This chart illustrates how Adex Mining 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 Adex Mining Inc (2006–2024)
The table below shows the annual net assets of Adex Mining Inc from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-30.95 Million | -500.74% |
| 2023-12-31 | $-5.15 Million | -17.51% |
| 2022-12-31 | $-4.38 Million | -41.21% |
| 2021-12-31 | $-3.11 Million | -43.88% |
| 2020-12-31 | $-2.16 Million | -50.43% |
| 2019-12-31 | $-1.43 Million | -115.12% |
| 2018-12-31 | $-666.88K | -718.95% |
| 2017-12-31 | $-81.43K | -109.68% |
| 2016-12-31 | $841.09K | -94.50% |
| 2015-12-31 | $15.29 Million | +27.88% |
| 2014-12-31 | $11.96 Million | -12.43% |
| 2013-12-31 | $13.66 Million | -10.71% |
| 2012-12-31 | $15.29 Million | -9.30% |
| 2011-12-31 | $16.86 Million | +31.06% |
| 2010-12-31 | $12.87 Million | +29.51% |
| 2009-12-31 | $9.93 Million | -2.55% |
| 2008-12-31 | $10.19 Million | +0.27% |
| 2007-12-31 | $10.17 Million | +2523.56% |
| 2006-12-31 | $-419.47K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adex Mining 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 6262507400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $55.89 Million | % |
| Other Components | $2.88 Million | % |
| Total Equity | $-30.95 Million | 100.00% |
Adex Mining Inc Competitors by Market Cap
The table below lists competitors of Adex Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Irwin Naturals, Inc.
PINK:IWINQ
|
$736.49K |
|
Silly Monks Entertainment Limited
NSE:SILLYMONKS
|
$736.66K |
|
Goldflare Exploration Inc
V:GOFL
|
$737.13K |
|
Lehto Group Oyj
F:L7G
|
$737.47K |
|
PRINCIPAL FINANCIAL - Dusseldorf Stock Exchang
DU:PG4
|
$735.67K |
|
MAN vz. (Pref Shares)
STU:MAN3
|
$735.28K |
|
GO2 People Ltd
AU:GO2
|
$734.82K |
|
MSC INDL DIRECT-A
BE:98M
|
$734.57K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adex Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -5,152,304 to -30,952,003, a change of -25,799,699.
- Net loss of 25,799 reduced equity.
- Other factors decreased equity by 25,773,900.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-25.80K | -0.08% |
| Other Changes | $-25.77 Million | -83.27% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Adex Mining 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $-0.02 | $0.01 | x |
| 2007-12-31 | $0.21 | $0.01 | x |
| 2008-12-31 | $0.12 | $0.01 | x |
| 2009-12-31 | $0.11 | $0.01 | x |
| 2010-12-31 | $0.10 | $0.01 | x |
| 2011-12-31 | $0.10 | $0.01 | x |
| 2012-12-31 | $0.09 | $0.01 | x |
| 2013-12-31 | $0.08 | $0.01 | x |
| 2014-12-31 | $0.07 | $0.01 | x |
| 2015-12-31 | $0.02 | $0.01 | x |
| 2016-12-31 | $0.00 | $0.01 | x |
| 2017-12-31 | $0.00 | $0.01 | x |
| 2018-12-31 | $0.00 | $0.01 | x |
| 2019-12-31 | $0.00 | $0.01 | x |
| 2020-12-31 | $0.00 | $0.01 | x |
| 2021-12-31 | $0.00 | $0.01 | x |
| 2022-12-31 | $-0.01 | $0.01 | x |
| 2023-12-31 | $-0.01 | $0.01 | x |
| 2024-12-31 | $-0.05 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adex Mining 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): 0.00%
- 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: 0.00x
- Recent ROE (0.00%) is above the historical average (-96.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-537.27K |
| 2007 | -12.28% | 0.00% | 0.00x | 1.03x | $-2.27 Million |
| 2008 | -18.15% | 0.00% | 0.00x | 1.03x | $-2.87 Million |
| 2009 | -11.15% | 0.00% | 0.00x | 1.04x | $-2.10 Million |
| 2010 | -13.33% | 0.00% | 0.00x | 1.04x | $-3.00 Million |
| 2011 | -16.47% | 0.00% | 0.00x | 1.06x | $-4.46 Million |
| 2012 | -11.41% | 0.00% | 0.00x | 1.03x | $-3.27 Million |
| 2013 | -11.99% | 0.00% | 0.00x | 1.07x | $-3.00 Million |
| 2014 | -14.72% | 0.00% | 0.00x | 1.26x | $-2.96 Million |
| 2015 | -9.36% | 0.00% | 0.00x | 1.03x | $-2.96 Million |
| 2016 | -1718.19% | 0.00% | 0.00x | 2.41x | $-14.54 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $930.66K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-518.76K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-624.26K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-507.65K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-636.54K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-841.05K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-252.46K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $3.07 Million |
Industry Comparison
This section compares Adex Mining Inc'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 |
|---|---|---|---|---|
| Adex Mining Inc (ADXDF) | $-32.88 Million | 0.00% | N/A | $736.47K |
| 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 |