African Metals Corporation
AFR NuVenture Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in North America. It explores for nickel, copper, and silver metals. The company holds 100% interest in the Mary Ann's Lake property that includes 14 claims covering an area of approximately 224 hectares located in the Richmond County, Nova Scotia on Cape Breton Island. It a… Read more
African Metals Corporation (AFR) - Net Assets
Latest net assets as of November 2025: CA$-377.88K CAD
Based on the latest financial reports, African Metals Corporation (AFR) has net assets worth CA$-377.88K CAD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$112.66K) and total liabilities (CA$490.54K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-377.88K |
| % of Total Assets | -335.42% |
| Annual Growth Rate | N/A |
| 5-Year Change | -117.31% |
| 10-Year Change | N/A |
| Growth Volatility | 341.0 |
African Metals Corporation - Net Assets Trend (2019–2025)
This chart illustrates how African Metals Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for African Metals Corporation (2019–2025)
The table below shows the annual net assets of African Metals Corporation from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | CA$-227.17K | -957.66% |
| 2024-05-31 | CA$26.49K | -93.40% |
| 2023-05-31 | CA$401.19K | -57.42% |
| 2022-05-31 | CA$942.26K | -28.22% |
| 2021-05-31 | CA$1.31 Million | -36.96% |
| 2020-05-31 | CA$2.08 Million | -10.50% |
| 2019-05-31 | CA$2.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to African Metals Corporation'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 grown by 246057500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$32.27 Million | % |
| Total Equity | CA$-227.17K | 100.00% |
African Metals Corporation Competitors by Market Cap
The table below lists competitors of African Metals Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Salomon A Angel Ltd
TA:ANGL
|
$409.83K |
|
Mustera Property Group Ltd
AU:MPX
|
$409.97K |
|
VNCUF
OTCGREY:VNCUF
|
$410.04K |
|
Aviation Links Ltd
TA:AVIA
|
$410.36K |
|
RED LAKE GOLD INC.
F:P11A
|
$409.28K |
|
ASTA Energy Solutions AG
VI:1AST
|
$408.82K |
|
Condmag Brasov
RO:COMI
|
$408.71K |
|
Petershill Partners PLC
LSE:PHLL
|
$408.66K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in African Metals Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,487 to -227,168, a change of -253,655 (-957.7%).
- Net loss of 370,218 reduced equity.
- New share issuances of 96,000 increased equity.
- Other factors increased equity by 20,563.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-370.22K | -162.97% |
| Share Issuances | CA$96.00K | +42.26% |
| Other Changes | CA$20.56K | +9.05% |
| Total Change | CA$- | -957.66% |
Book Value vs Market Value Analysis
This analysis compares African Metals Corporation'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 |
|---|---|---|---|
| 2019-05-31 | CA$0.17 | CA$0.04 | x |
| 2020-05-31 | CA$0.15 | CA$0.04 | x |
| 2021-05-31 | CA$0.07 | CA$0.04 | x |
| 2022-05-31 | CA$0.05 | CA$0.04 | x |
| 2023-05-31 | CA$0.02 | CA$0.04 | x |
| 2024-05-31 | CA$0.00 | CA$0.04 | x |
| 2025-05-31 | CA$-0.01 | CA$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently African Metals Corporation 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 above the historical average (-167.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 446.81% | 0.00% | 0.00x | 1.22x | CA$10.16 Million |
| 2020 | 45.81% | 0.00% | 0.00x | 1.09x | CA$745.72K |
| 2021 | -46.20% | 0.00% | 0.00x | 1.11x | CA$-737.77K |
| 2022 | -69.83% | 0.00% | 0.00x | 1.14x | CA$-752.19K |
| 2023 | -134.87% | 0.00% | 0.00x | 1.17x | CA$-581.19K |
| 2024 | -1414.66% | 0.00% | 0.00x | 3.56x | CA$-377.35K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-347.50K |
Industry Comparison
This section compares African Metals Corporation'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: $34,155,253
- Average return on equity (ROE) among peers: -66.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| African Metals Corporation (AFR) | CA$-377.88K | 446.81% | N/A | $409.36K |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |