Probe Gold Inc. (PRB) - Net Assets

Latest as of September 2025: CA$35.61 Million CAD ≈ $25.76 Million USD

Based on the latest financial reports, Probe Gold Inc. (PRB) has net assets worth CA$35.61 Million CAD (≈ $25.76 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 (CA$48.19 Million ≈ $34.86 Million USD) and total liabilities (CA$12.58 Million ≈ $9.10 Million USD). 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. Check Probe Gold Inc. asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$35.61 Million
% of Total Assets 73.89%
Annual Growth Rate -5.21%
5-Year Change -38.16%
10-Year Change N/A
Growth Volatility 11.85

Probe Gold Inc. - Net Assets Trend (2016–2024)

This chart illustrates how Probe Gold Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Probe Gold Inc. for the complete picture of this company's asset base.

Annual Net Assets for Probe Gold Inc. (2016–2024)

The table below shows the annual net assets of Probe Gold Inc. from 2016 to 2024. For live valuation and market cap data, see how much is Probe Gold Inc. worth.

Year Net Assets Change
2024-12-31 CA$19.45 Million
≈ $14.07 Million		 -24.26%
2023-12-31 CA$25.68 Million
≈ $18.58 Million		 -14.10%
2022-12-31 CA$29.90 Million
≈ $21.63 Million		 -3.49%
2021-12-31 CA$30.98 Million
≈ $22.41 Million		 -1.52%
2020-12-31 CA$31.46 Million
≈ $22.76 Million		 -8.02%
2019-12-31 CA$34.20 Million
≈ $24.74 Million		 +20.14%
2018-12-31 CA$28.47 Million
≈ $20.59 Million		 -3.48%
2017-12-31 CA$29.49 Million
≈ $21.34 Million		 -1.18%
2016-12-31 CA$29.85 Million
≈ $21.59 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Probe Gold 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 13120440800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CA$184.94 Million 950.64%
Other Components CA$9.45 Million 48.57%
Total Equity CA$19.45 Million 100.00%

Probe Gold Inc. Competitors by Market Cap

The table below lists competitors of Probe Gold Inc. ranked by their market capitalization.

Company Market Cap
Oriental Kopi Holdings Berhad
KLSE:0338
 $537.28 Million
Electrovaya Inc.
NASDAQ:ELVA
 $537.30 Million
Zhongjing Food Co. Ltd.
SHE:300908
 $537.74 Million
Phreesia Inc
NYSE:PHR
 $537.76 Million
Marcopolo S.A
SA:POMO3
 $537.10 Million
Empresa Distribuidora y Comercializadora Norte S.A.
BA:EDN
 $536.95 Million
Farmacias Benavides S.A.B. de C.V.
MX:BEVIDESB
 $536.94 Million
SUNSEA Telecommunications Co Ltd
SHE:002313
 $536.91 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Probe Gold Inc.'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 25,683,311 to 19,453,769, a change of -6,229,542 (-24.3%).
  • Net loss of 24,698,393 reduced equity.
  • Share repurchases of 18,088,630 reduced equity.
  • Other comprehensive income decreased equity by 3,679,449.
  • Other factors increased equity by 40,236,930.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$-24.70 Million -126.96%
Share Repurchases CA$18.09 Million -92.98%
Other Comprehensive Income CA$-3.68 Million -18.91%
Other Changes CA$40.24 Million +206.83%
Total Change CA$- -24.26%

Book Value vs Market Value Analysis

This analysis compares Probe Gold 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

  • Current price-to-book ratio: 32.82x
  • 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 11.25x to 32.82x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2016-12-31 CA$0.32 CA$3.64 x
2017-12-31 CA$0.32 CA$3.64 x
2018-12-31 CA$0.28 CA$3.64 x
2019-12-31 CA$0.31 CA$3.64 x
2020-12-31 CA$0.25 CA$3.64 x
2021-12-31 CA$0.24 CA$3.64 x
2022-12-31 CA$0.20 CA$3.64 x
2023-12-31 CA$0.16 CA$3.64 x
2024-12-31 CA$0.11 CA$3.64 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Probe Gold 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): -126.96%
  • 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: 1.76x
  • Recent ROE (-126.96%) is below the historical average (-74.99%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2016 -139.39% 0.00% 0.00x 1.03x CA$-44.59 Million
2017 -35.65% 0.00% 0.00x 1.10x CA$-13.46 Million
2018 -71.73% 0.00% 0.00x 1.14x CA$-23.27 Million
2019 -14.50% 0.00% 0.00x 1.22x CA$-8.38 Million
2020 -46.46% 0.00% 0.00x 1.19x CA$-17.76 Million
2021 -41.23% 0.00% 0.00x 1.13x CA$-15.87 Million
2022 -100.06% 0.00% 0.00x 1.15x CA$-32.91 Million
2023 -98.91% 0.00% 0.00x 1.34x CA$-27.97 Million
2024 -126.96% 0.00% 0.00x 1.76x CA$-26.64 Million

Industry Comparison

This section compares Probe Gold Inc.'s net assets metrics with peer companies in the Gold industry.

Industry Context

  • Industry: Gold
  • Average net assets among peers: $1,868,715,177
  • Average return on equity (ROE) among peers: -39.11%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Probe Gold Inc. (PRB) CA$35.61 Million -139.39% 0.35x $537.15 Million
Allied Gold Corporation (AAUC) $111.36 Million -6.66% 4.92x $3.44 Billion
Abcourt Mines Inc. (ABI) $20.93 Million -1.59% 0.08x $77.46 Million
Barrick Gold Corp (ABX) $-1.58 Billion 0.00% 0.00x $70.98 Billion
American Eagle Gold Corp (AE) $830.83K -165.75% 0.05x $141.31 Million
Agnico Eagle Mines Limited (AEM) $19.42 Billion 9.99% 0.48x $91.89 Billion
Alamos Gold Inc (AGI) $660.47 Million 17.86% 0.14x $16.90 Billion
AIS Resources Ltd (AIS) $1.07 Million -98.08% 0.15x $2.52 Million
Alliance Mining Corp (ALM) $-2.44 Million 0.00% 0.00x $1.58 Million
Altamira Gold Corp (ALTA) $442.56K -125.54% 0.44x $53.62 Million
Almaden Minerals Ltd (AMM) $48.07 Million -21.30% 0.02x $24.82 Million

About Probe Gold Inc.

TO:PRB Canada Gold
Market Cap
$537.15 Million
CA$742.56 Million CAD
Market Cap Rank
#12253 Global
#358 in Canada
Share Price
CA$3.64
Change (1 day)
+0.00%
52-Week Range
CA$2.13 - CA$3.74
All Time High
CA$3.74
Categories
Companies in Canada Gold
About

Probe Gold Inc., a precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada. the company's flagship asset is its 100%-owned Novador property comprising 436 square kilometers, which includes the Monique, Pascalis, and Courvan trends and their deposits located in the city of Val-d'Or, Quebec. It also acquired a 100% interest in the St… Read more