Cortus Metals Inc
Metalero Mining Corp. engages in the exploration and development of mineral resources in Nevada, the United States. It explores for gold, silver, and copper deposits. The company was formerly known as Cortus Metals Inc. and changed its name to Metalero Mining Corp. in February 2024. Metalero Mining Corp. was incorporated in 2018 and is headquartered in Edmonton, Canada.
Cortus Metals Inc (CRTTF) - Net Assets
Latest net assets as of July 2025: $-862.29K USD
Based on the latest financial reports, Cortus Metals Inc (CRTTF) has net assets worth $-862.29K USD as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($286.52K) and total liabilities ($1.15 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 | $-862.29K |
| % of Total Assets | -300.95% |
| Annual Growth Rate | N/A |
| 5-Year Change | -587.63% |
| 10-Year Change | N/A |
| Growth Volatility | 932.8 |
Cortus Metals Inc - Net Assets Trend (2018–2024)
This chart illustrates how Cortus Metals 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 Cortus Metals Inc (2018–2024)
The table below shows the annual net assets of Cortus Metals Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $-1.05 Million | -84.91% |
| 2023-10-31 | $-565.28K | +27.48% |
| 2022-10-31 | $-779.53K | -117.66% |
| 2021-10-31 | $4.41 Million | +1959.41% |
| 2019-10-31 | $214.36K | +96.32% |
| 2018-10-31 | $109.19K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cortus Metals 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 857974700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $7.36 Million | % |
| Total Equity | $-1.22 Million | 100.00% |
Cortus Metals Inc Competitors by Market Cap
The table below lists competitors of Cortus Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Datametrex AI Ltd
V:DM
|
$1.58 Million |
|
Discovery Gold Corp
PINK:GRNF
|
$1.58 Million |
|
ENTREPARTICULIERS EO-10
F:99Q
|
$1.58 Million |
|
Cashbil
JSE:CSB
|
$1.58 Million |
|
BOSTON BEER -A-
BE:BBEA
|
$1.58 Million |
|
Damodar Industries Limited
NSE:DAMODARIND
|
$1.58 Million |
|
SOUTHERN COPPER - Dusseldorf Stock Exchang
DU:PCU
|
$1.58 Million |
|
Idaho Copper Corporation
OTCMKTS:COPR
|
$1.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cortus Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -787,590 to -1,224,585, a change of -436,995.
- Net loss of 566,914 reduced equity.
- Other factors increased equity by 129,919.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-566.91K | -46.29% |
| Other Changes | $129.92K | +10.61% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Cortus Metals 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 |
|---|---|---|---|
| 2018-10-31 | $0.01 | $0.07 | x |
| 2019-10-31 | $0.04 | $0.07 | x |
| 2021-10-31 | $0.13 | $0.07 | x |
| 2022-10-31 | $-0.02 | $0.07 | x |
| 2023-10-31 | $-0.12 | $0.07 | x |
| 2024-10-31 | $-0.10 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cortus Metals 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 (-13.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -48.75% | 0.00% | 0.00x | 1.08x | $-125.93K |
| 2021 | -16.93% | 0.00% | 0.00x | 1.14x | $-1.19 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.88 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-512.14K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-444.46K |
Industry Comparison
This section compares Cortus Metals Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $411,687,235
- Average return on equity (ROE) among peers: -119.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cortus Metals Inc (CRTTF) | $-862.29K | -48.75% | N/A | $1.58 Million |
| Almadex Minerals Ltd (AAMMF) | $5.73 Million | 6.70% | 0.01x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $10.03 Million | -13.48% | 0.17x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $19.90 Million | -2.53% | 0.04x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $65.44K | -173.09% | 0.37x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $413.79K | -494.09% | 0.29x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $3.67 Billion | 9.39% | 0.50x | $98.30 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $-555.77K | 0.00% | 0.00x | $0.94 |
| Antioquia Gold Inc (AGDXF) | $-702.21K | 0.00% | 0.00x | $1.44 Million |