Armory Mining Corp.
Armory Mining Corp. engages in the acquisition and exploration of mineral property assets in Canada. It primarily explores for silver and lithium deposits. The company was formerly known as Spey Resources Corp. and changed its name to Armory Mining Corp. in November 2024. Armory Mining Corp. is based in Vancouver, Canada.
Armory Mining Corp. (RMRYF) - Net Assets
Latest net assets as of August 2025: $4.70 Million USD
Based on the latest financial reports, Armory Mining Corp. (RMRYF) has net assets worth $4.70 Million USD as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.70 Million) and total liabilities ($998.32K). 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 | $4.70 Million |
| % of Total Assets | 82.48% |
| Annual Growth Rate | 58.58% |
| 5-Year Change | 1233.04% |
| 10-Year Change | N/A |
| Growth Volatility | 402.42 |
Armory Mining Corp. - Net Assets Trend (2017–2024)
This chart illustrates how Armory Mining 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 Armory Mining Corp. (2017–2024)
The table below shows the annual net assets of Armory Mining Corp. from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | $3.95 Million | +31.91% |
| 2023-11-30 | $2.99 Million | -60.88% |
| 2022-11-30 | $7.66 Million | +103.22% |
| 2021-11-30 | $3.77 Million | +1171.25% |
| 2020-11-30 | $296.35K | +158.16% |
| 2019-11-30 | $114.79K | -56.88% |
| 2018-11-30 | $266.23K | +70.04% |
| 2017-11-30 | $156.57K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Armory Mining 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 2139884200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.00 Million | 582.18% |
| Other Comprehensive Income | $87.45K | 2.21% |
| Other Components | $2.32 Million | 58.74% |
| Total Equity | $3.95 Million | 100.00% |
Armory Mining Corp. Competitors by Market Cap
The table below lists competitors of Armory Mining Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRIMERICA (PI7.SG)
STU:PI7
|
$2.17 Million |
|
RIVER TECH EO -005
F:9YQ
|
$2.17 Million |
|
Auric Resources Corp.
V:RES
|
$2.17 Million |
|
CannBioRx Life Sciences Corp
NASDAQ:ATNFW
|
$2.17 Million |
|
PT Samcro Hyosung Adilestari T
JK:ACRO
|
$2.16 Million |
|
Newcity (Bangkok) Public Company Limited
BK:NC
|
$2.16 Million |
|
Bone Biologics Corp
NASDAQ:BBLG
|
$2.16 Million |
|
Altheora SA
PA:ALORA
|
$2.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Armory Mining Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,994,790 to 3,950,481, a change of 955,691 (31.9%).
- Net loss of 673,399 reduced equity.
- New share issuances of 380,000 increased equity.
- Other comprehensive income decreased equity by 52,846.
- Other factors increased equity by 1,301,936.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-673.40K | -17.05% |
| Share Issuances | $380.00K | +9.62% |
| Other Comprehensive Income | $-52.85K | -1.34% |
| Other Changes | $1.30 Million | +32.96% |
| Total Change | $- | 31.91% |
Book Value vs Market Value Analysis
This analysis compares Armory Mining 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: 0.17x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.39x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | $0.14 | $0.05 | x |
| 2018-11-30 | $0.30 | $0.05 | x |
| 2019-11-30 | $0.09 | $0.05 | x |
| 2020-11-30 | $0.18 | $0.05 | x |
| 2021-11-30 | $0.78 | $0.05 | x |
| 2022-11-30 | $1.00 | $0.05 | x |
| 2023-11-30 | $0.27 | $0.05 | x |
| 2024-11-30 | $0.32 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Armory Mining 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): -17.05%
- 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: 1.23x
- Recent ROE (-17.05%) is above the historical average (-130.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -36.68% | 0.00% | 0.00x | 1.02x | $-73.09K |
| 2018 | -96.61% | 0.00% | 0.00x | 1.11x | $-283.83K |
| 2019 | -270.02% | 0.00% | 0.00x | 1.17x | $-321.44K |
| 2020 | -93.60% | 0.00% | 0.00x | 1.07x | $-307.03K |
| 2021 | -283.16% | 0.00% | 0.00x | 1.06x | $-11.04 Million |
| 2022 | -60.51% | 0.00% | 0.00x | 1.12x | $-5.40 Million |
| 2023 | -183.64% | 0.00% | 0.00x | 1.33x | $-5.80 Million |
| 2024 | -17.05% | 0.00% | 0.00x | 1.23x | $-1.07 Million |
Industry Comparison
This section compares Armory Mining 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: $2,860,622,178
- Average return on equity (ROE) among peers: -17.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Armory Mining Corp. (RMRYF) | $4.70 Million | -36.68% | 0.21x | $2.17 Million |
| Asia Broadband Inc (AABB) | $-613.21K | 0.00% | 0.00x | $228.68 |
| Altair Resources Inc (AAEEF) | $-1.37 Million | 0.00% | 0.00x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $18.53 Million | -47.33% | 0.52x | $99.81 Million |
| Anglo American plc (AAUKF) | $28.53 Billion | -10.75% | 1.27x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-12.92 Million | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $526.04K | -142.32% | 1.21x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $584.31K | -19.85% | 0.08x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $58.31 Million | -22.45% | 2.63x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-375.11K | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $10.55 Million | 67.11% | 0.22x | $14.34 Million |