Prime Meridian Resources Corp
Brasnova Energy Materials Inc. engages in the exploration and development of energy metals projects and properties. The company explores for copper, phosphate, and molybdenum deposits. It has an option to purchase 100% interest in the Cuatro Hermanos Porphyry Copper Project comprises nine concessions and covers an area of 2,825 hectares located in Sonora, Mexico and acquires the Piaui Verde Phosp… Read more
Prime Meridian Resources Corp (PMDRF) - Net Assets
Latest net assets as of September 2025: $-3.43 Million USD
Based on the latest financial reports, Prime Meridian Resources Corp (PMDRF) has net assets worth $-3.43 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 ($74.19K) and total liabilities ($3.50 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 | $-3.43 Million |
| % of Total Assets | -4617.43% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Prime Meridian Resources Corp - Net Assets Trend (2015–2024)
This chart illustrates how Prime Meridian Resources 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 Prime Meridian Resources Corp (2015–2024)
The table below shows the annual net assets of Prime Meridian Resources Corp from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-3.37 Million | -50.31% |
| 2023-12-31 | $-2.24 Million | -0.27% |
| 2022-12-31 | $-2.23 Million | -57.10% |
| 2021-12-31 | $-1.42 Million | +66.49% |
| 2020-12-31 | $-4.24 Million | -41628.82% |
| 2019-12-31 | $10.22K | +100.26% |
| 2018-12-31 | $-3.95 Million | -28.47% |
| 2017-12-31 | $-3.08 Million | -82.09% |
| 2016-12-31 | $-1.69 Million | -41.86% |
| 2015-12-31 | $-1.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prime Meridian Resources 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 995359900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $13.40 Million | % |
| Other Comprehensive Income | $-384.80K | % |
| Other Components | $3.55 Million | % |
| Total Equity | $-3.37 Million | 100.00% |
Prime Meridian Resources Corp Competitors by Market Cap
The table below lists competitors of Prime Meridian Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doppler S.A.
AT:DOPPLER
|
$2.36 Million |
|
Hoops Scouting USA
PINK:HSCT
|
$2.37 Million |
|
OFAL
NASDAQ:OFAL
|
$2.37 Million |
|
Adherium Ltd
AU:ADR
|
$2.37 Million |
|
Graf Industrial Corp. Warrants (each warrant exercisable for one-half of one share of common stock each at an exercise price of $11.50 per share)
NASDAQ:GRAF-WT
|
$2.36 Million |
|
Patkol Public Company Limited
BK:PK
|
$2.36 Million |
|
Prime Road Power Public Company Limited
BK:PRIME
|
$2.36 Million |
|
Green Shift Commodities Ltd.
OTCQB:GRCMF
|
$2.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prime Meridian Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -2,240,295 to -3,367,405, a change of -1,127,110.
- Net loss of 2,133,336 reduced equity.
- New share issuances of 700,317 increased equity.
- Other comprehensive income decreased equity by 25,825.
- Other factors increased equity by 331,734.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.13 Million | -63.35% |
| Share Issuances | $700.32K | +20.8% |
| Other Comprehensive Income | $-25.82K | -0.77% |
| Other Changes | $331.73K | +9.85% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Prime Meridian Resources 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 |
|---|---|---|---|
| 2017-12-31 | $-0.14 | $0.06 | x |
| 2018-12-31 | $-0.18 | $0.06 | x |
| 2019-12-31 | $-0.81 | $0.06 | x |
| 2020-12-31 | $-0.59 | $0.06 | x |
| 2021-12-31 | $-0.10 | $0.06 | x |
| 2022-12-31 | $-0.12 | $0.06 | x |
| 2023-12-31 | $-0.10 | $0.06 | x |
| 2024-12-31 | $-0.11 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prime Meridian Resources 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 below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-361.82K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-367.83K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.11 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-470.69K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.31 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $500.54K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.15 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.54 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.13 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.80 Million |
Industry Comparison
This section compares Prime Meridian Resources 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 |
|---|---|---|---|---|
| Prime Meridian Resources Corp (PMDRF) | $-3.43 Million | 0.00% | N/A | $2.36 Million |
| 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 |