Minnova Corp
Minnova Corp., together with its subsidiary, Minnova Renewable Energy, engages in the exploration and development of mineral properties in Canada. It primarily explores for gold. The company holds 100% interests in the PL Gold mine and the Nokomis property located in Manitoba. It also engages in the research and development of biomass gasification technology activities. The company was formerly k… Read more
Minnova Corp (AGRDF) - Net Assets
Latest net assets as of September 2025: $-4.59 Million USD
Based on the latest financial reports, Minnova Corp (AGRDF) has net assets worth $-4.59 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 ($248.98K) and total liabilities ($4.84 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 | $-4.59 Million |
| % of Total Assets | -1844.34% |
| Annual Growth Rate | N/A |
| 5-Year Change | -130.97% |
| 10-Year Change | -164.97% |
| Growth Volatility | 1780.27 |
Minnova Corp - Net Assets Trend (2008–2025)
This chart illustrates how Minnova 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 Minnova Corp (2008–2025)
The table below shows the annual net assets of Minnova Corp from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $-5.03 Million | -14.84% |
| 2024-03-31 | $-4.38 Million | -8.23% |
| 2023-03-31 | $-4.04 Million | -123.09% |
| 2022-03-31 | $17.51 Million | +7.89% |
| 2021-03-31 | $16.23 Million | +14.56% |
| 2020-03-31 | $14.16 Million | -1.20% |
| 2019-03-31 | $14.34 Million | +3.73% |
| 2018-03-31 | $13.82 Million | +6.44% |
| 2017-03-31 | $12.98 Million | +67.85% |
| 2016-03-31 | $7.74 Million | +1.99% |
| 2015-03-31 | $7.58 Million | -3.41% |
| 2014-03-31 | $7.85 Million | +10.20% |
| 2013-03-31 | $7.12 Million | -33.46% |
| 2012-03-31 | $10.71 Million | +84.40% |
| 2011-03-31 | $5.81 Million | +6681.65% |
| 2010-03-31 | $85.63K | +538.84% |
| 2009-03-31 | $-19.51K | +71.28% |
| 2008-03-31 | $-67.93K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Minnova 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 3135011700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $25.33 Million | % |
| Other Components | $1.44 Million | % |
| Total Equity | $-5.03 Million | 100.00% |
Minnova Corp Competitors by Market Cap
The table below lists competitors of Minnova Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gusbourne PLC
PINK:SLLFF
|
$1.91 Million |
|
Ovanti Ltd
AU:OVT
|
$1.92 Million |
|
1844 Resources Inc
V:EFF
|
$1.92 Million |
|
Xcyte Digital Corp.
V:XCYT
|
$1.92 Million |
|
Relevium Technologies Inc
PINK:RLLVF
|
$1.91 Million |
|
Tectonic Metals Inc
OTCQB:TETOF
|
$1.91 Million |
|
Stern Groep N.V.
AS:PBH
|
$1.91 Million |
|
Drago entertainment S.A.
WAR:DGE
|
$1.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Minnova Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -4,375,882 to -5,025,453, a change of -649,571.
- Net loss of 750,127 reduced equity.
- Other factors increased equity by 100,556.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-750.13K | -14.93% |
| Other Changes | $100.56K | +2.0% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Minnova 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | $-0.11 | $0.03 | x |
| 2009-03-31 | $-0.09 | $0.03 | x |
| 2010-03-31 | $0.21 | $0.03 | x |
| 2011-03-31 | $3.07 | $0.03 | x |
| 2012-03-31 | $2.68 | $0.03 | x |
| 2013-03-31 | $1.33 | $0.03 | x |
| 2014-03-31 | $1.03 | $0.03 | x |
| 2015-03-31 | $0.50 | $0.03 | x |
| 2016-03-31 | $0.47 | $0.03 | x |
| 2017-03-31 | $0.55 | $0.03 | x |
| 2018-03-31 | $0.47 | $0.03 | x |
| 2019-03-31 | $0.46 | $0.03 | x |
| 2020-03-31 | $0.44 | $0.03 | x |
| 2021-03-31 | $0.42 | $0.03 | x |
| 2022-03-31 | $0.38 | $0.03 | x |
| 2023-03-31 | $-0.07 | $0.03 | x |
| 2024-03-31 | $-0.06 | $0.03 | x |
| 2025-03-31 | $-0.07 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Minnova 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): 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 (-20.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.76K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-23.13K |
| 2010 | -206.79% | 0.00% | 0.00x | 6.81x | $-185.62K |
| 2011 | -15.59% | 0.00% | 0.00x | 1.34x | $-1.49 Million |
| 2012 | -15.99% | 0.00% | 0.00x | 1.47x | $-2.78 Million |
| 2013 | -67.65% | 0.00% | 0.00x | 1.91x | $-5.53 Million |
| 2014 | -12.09% | 0.00% | 0.00x | 1.80x | $-1.73 Million |
| 2015 | -11.75% | 0.00% | 0.00x | 1.97x | $-1.65 Million |
| 2016 | -9.14% | 0.00% | 0.00x | 1.96x | $-1.48 Million |
| 2017 | -12.42% | 0.00% | 0.00x | 1.38x | $-2.91 Million |
| 2018 | -6.73% | 0.00% | 0.00x | 1.36x | $-2.31 Million |
| 2019 | -3.06% | 0.00% | 0.00x | 1.34x | $-1.87 Million |
| 2020 | -2.92% | 0.00% | 0.00x | 1.37x | $-1.83 Million |
| 2021 | -7.19% | 0.00% | 0.00x | 1.29x | $-2.79 Million |
| 2022 | 2.29% | 0.00% | 0.00x | 1.21x | $-1.35 Million |
| 2023 | 0.00% | -127950.76% | 0.00x | 0.00x | $-1.36 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $62.59K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $-247.58K |
Industry Comparison
This section compares Minnova Corp'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 |
|---|---|---|---|---|
| Minnova Corp (AGRDF) | $-4.59 Million | 0.00% | N/A | $1.91 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 |