Nevada Canyon Gold Corp
Nevada Canyon Gold Corp., a natural resource company, engages in the exploration, development, and production of mineral resources. It primarily explores for gold deposits. The company holds interests in the Lazy Claims property that consist of three claims covering approximately 60 acres located in Mineral County, Nevada; the Loman property, which includes 27 unpatented mining claims covering an… Read more
Nevada Canyon Gold Corp (NGLD) - Net Assets
Latest net assets as of September 2024: $9.51 Million USD
Based on the latest financial reports, Nevada Canyon Gold Corp (NGLD) has net assets worth $9.51 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.79 Million) and total liabilities ($1.28 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 | $9.51 Million |
| % of Total Assets | 88.16% |
| Annual Growth Rate | 107.72% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1040.64 |
Nevada Canyon Gold Corp - Net Assets Trend (2014–2023)
This chart illustrates how Nevada Canyon Gold 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 Nevada Canyon Gold Corp (2014–2023)
The table below shows the annual net assets of Nevada Canyon Gold Corp from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $9.82 Million | +1630.99% |
| 2022-12-31 | $567.05K | +136.33% |
| 2021-12-31 | $239.94K | -10.48% |
| 2020-12-31 | $268.05K | +1432.84% |
| 2019-12-31 | $-20.11K | +89.63% |
| 2018-12-31 | $-193.92K | -131.08% |
| 2017-12-31 | $624.02K | +2337.86% |
| 2016-12-31 | $25.60K | +142.74% |
| 2015-12-31 | $-59.89K | -539.07% |
| 2014-12-31 | $13.64K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nevada Canyon Gold 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 509249200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.52K | 0.03% |
| Other Comprehensive Income | $18.00K | 0.18% |
| Other Components | $14.96 Million | 152.39% |
| Total Equity | $9.82 Million | 100.00% |
Nevada Canyon Gold Corp Competitors by Market Cap
The table below lists competitors of Nevada Canyon Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Celsius Resources Limited
F:FX8
|
$20.11 Million |
|
Verimatrix
PINK:ISDCF
|
$20.11 Million |
|
Global Connections Public Company Limited
BK:GC
|
$20.11 Million |
|
Pixelplus. Co. Ltd
KQ:087600
|
$20.11 Million |
|
GWR Group Ltd
AU:GWR
|
$20.10 Million |
|
8AV0
F:8AV0
|
$20.10 Million |
|
Graphex Group Limited
NYSE MKT:GRFX
|
$20.09 Million |
|
Security Bancorp Inc
PINK:SCYT
|
$20.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nevada Canyon Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 567,053 to 9,815,619, a change of 9,248,566 (1631.0%).
- Net loss of 2,654,950 reduced equity.
- New share issuances of 4,429,808 increased equity.
- Other comprehensive income increased equity by 18,000.
- Other factors increased equity by 7,455,708.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.65 Million | -27.05% |
| Share Issuances | $4.43 Million | +45.13% |
| Other Comprehensive Income | $18.00K | +0.18% |
| Other Changes | $7.46 Million | +75.96% |
| Total Change | $- | 1630.99% |
Book Value vs Market Value Analysis
This analysis compares Nevada Canyon Gold 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: 1.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2034.58x to 1.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.00 | $1.27 | x |
| 2015-12-31 | $0.00 | $1.27 | x |
| 2016-12-31 | $0.00 | $1.27 | x |
| 2017-12-31 | $0.14 | $1.27 | x |
| 2018-12-31 | $-0.04 | $1.27 | x |
| 2019-12-31 | $0.00 | $1.27 | x |
| 2020-12-31 | $0.06 | $1.27 | x |
| 2021-12-31 | $0.05 | $1.27 | x |
| 2022-12-31 | $0.19 | $1.27 | x |
| 2023-12-31 | $0.78 | $1.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nevada Canyon Gold 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): -27.05%
- 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: 1.13x
- Recent ROE (-27.05%) is above the historical average (-185.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -615.43% | 0.00% | 0.00x | 6.67x | $-85.32K |
| 2015 | 0.00% | -2175.88% | 0.04x | 0.00x | $-81.05K |
| 2016 | -1162.28% | 0.00% | 0.00x | 5.15x | $-300.07K |
| 2017 | 190.08% | 0.00% | 0.00x | 2.27x | $1.12 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-798.54K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $764.36K |
| 2020 | 233.66% | 0.00% | 0.00x | 6.34x | $599.50K |
| 2021 | -330.04% | 0.00% | 0.00x | 8.47x | $-815.91K |
| 2022 | -147.53% | 0.00% | 0.00x | 3.33x | $-893.30K |
| 2023 | -27.05% | 0.00% | 0.00x | 1.13x | $-3.64 Million |
Industry Comparison
This section compares Nevada Canyon Gold 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 |
|---|---|---|---|---|
| Nevada Canyon Gold Corp (NGLD) | $9.51 Million | -615.43% | 0.13x | $20.11 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 |