Relevant Gold Corp
Relevant Gold Corp. focuses on the discovery, acquisition, exploration, and development of mineral properties in the United States. It explores for gold, silver, copper, zinc, and other precious and base metals. The company was incorporated in 2020 and is headquartered in Vancouver, Canada.
Relevant Gold Corp (RGCCF) - Net Assets
Latest net assets as of September 2025: $3.18 Million USD
Based on the latest financial reports, Relevant Gold Corp (RGCCF) has net assets worth $3.18 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 ($4.31 Million) and total liabilities ($1.12 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 | $3.18 Million |
| % of Total Assets | 73.88% |
| Annual Growth Rate | -23.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 54.24 |
Relevant Gold Corp - Net Assets Trend (2020–2024)
This chart illustrates how Relevant 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 Relevant Gold Corp (2020–2024)
The table below shows the annual net assets of Relevant Gold Corp from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $233.18K | -66.13% |
| 2023-12-31 | $688.39K | -32.85% |
| 2022-12-31 | $1.03 Million | +79.68% |
| 2021-12-31 | $570.57K | -17.30% |
| 2020-12-31 | $689.96K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Relevant 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 1567021400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.33 Million | 6575.79% |
| Other Comprehensive Income | $1.09 Million | 467.83% |
| Total Equity | $233.18K | 100.00% |
Relevant Gold Corp Competitors by Market Cap
The table below lists competitors of Relevant Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PHINMA Corp
PSE:PHN
|
$2.62K |
|
Crescent Steel & Allied Products Ltd
KAR:CSAP
|
$2.62K |
|
PDTC3F
SA:PDTC3F
|
$2.62K |
|
Brookside Energy Limited
PINK:RDFED
|
$2.63K |
|
NEW MAURITIUS HOTELS LTD
SEM:NMHL-O
|
$2.61K |
|
Anthera Pharmaceuticals Inc
PINK:ANTH
|
$2.61K |
|
Royal Palms Beach Hotels PLC
CM:RPBHN0000
|
$2.61K |
|
Alexandria Spinning & Weaving (SPINALEX)
EGX:SPIN
|
$2.61K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Relevant Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 688,394 to 233,178, a change of -455,216 (-66.1%).
- Net loss of 3,634,596 reduced equity.
- New share issuances of 2,913,604 increased equity.
- Other comprehensive income increased equity by 60,255.
- Other factors increased equity by 205,521.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.63 Million | -1558.72% |
| Share Issuances | $2.91 Million | +1249.52% |
| Other Comprehensive Income | $60.26K | +25.84% |
| Other Changes | $205.52K | +88.14% |
| Total Change | $- | -66.13% |
Book Value vs Market Value Analysis
This analysis compares Relevant 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: 89.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 20.21x to 89.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.01 | $0.28 | x |
| 2021-12-31 | $0.01 | $0.28 | x |
| 2022-12-31 | $0.02 | $0.28 | x |
| 2023-12-31 | $0.01 | $0.28 | x |
| 2024-12-31 | $0.00 | $0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Relevant 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): -1558.72%
- 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: 2.14x
- Recent ROE (-1558.72%) is below the historical average (-633.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -75.48% | 0.00% | 0.00x | 1.29x | $-589.78K |
| 2021 | -445.71% | 0.00% | 0.00x | 1.56x | $-2.60 Million |
| 2022 | -593.81% | 0.00% | 0.00x | 1.32x | $-6.19 Million |
| 2023 | -494.57% | 0.00% | 0.00x | 1.81x | $-3.47 Million |
| 2024 | -1558.72% | 0.00% | 0.00x | 2.14x | $-3.66 Million |
Industry Comparison
This section compares Relevant 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 |
|---|---|---|---|---|
| Relevant Gold Corp (RGCCF) | $3.18 Million | -75.48% | 0.35x | $2.62K |
| 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 |