Manganese X Energy Corp (MN) - Net Assets

Latest as of March 2026: CA$1.18 Million CAD ≈ $852.61K USD

Based on the latest financial reports, Manganese X Energy Corp (MN) has net assets worth CA$1.18 Million CAD (≈ $852.61K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.81 Million ≈ $1.31 Million USD) and total liabilities (CA$628.40K ≈ $454.57K 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 Manganese X Energy Corp (MN) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$1.18 Million
% of Total Assets	65.22%
Annual Growth Rate	12.02%
5-Year Change	-69.98%
10-Year Change	4.66%
Growth Volatility	1990.88

Manganese X Energy Corp - Net Assets Trend (2009–2026)

This chart illustrates how Manganese X Energy Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Manganese X Energy Corp (MN) total market value.

Annual Net Assets for Manganese X Energy Corp (2009–2026)

The table below shows the annual net assets of Manganese X Energy Corp from 2009 to 2026. Also explore MN shareholders equity momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	CA$1.18 Million ≈ $852.61K	-61.05%
2025-03-31	CA$3.03 Million ≈ $2.19 Million	+37.85%
2024-03-31	CA$2.19 Million ≈ $1.59 Million	-42.84%
2023-03-31	CA$3.84 Million ≈ $2.78 Million	-2.20%
2022-03-31	CA$3.93 Million ≈ $2.84 Million	-31.57%
2021-03-31	CA$5.74 Million ≈ $4.15 Million	+506.83%
2020-03-31	CA$945.54K ≈ $683.99K	-3.36%
2019-03-31	CA$978.44K ≈ $707.79K	-13.47%
2018-03-31	CA$1.13 Million ≈ $817.98K	+0.41%
2017-03-31	CA$1.13 Million ≈ $814.63K	+192.17%
2016-03-31	CA$-1.22 Million ≈ $-883.80K	+22.24%
2015-03-31	CA$-1.57 Million ≈ $-1.14 Million	-48.36%
2014-03-31	CA$-1.06 Million ≈ $-766.12K	-53.67%
2013-03-31	CA$-689.20K ≈ $-498.56K	-620.13%
2012-03-31	CA$-95.70K ≈ $-69.23K	-121.43%
2011-03-31	CA$446.52K ≈ $323.01K	+7197.27%
2010-03-31	CA$6.12K ≈ $4.43K	-96.42%
2009-03-31	CA$171.03K ≈ $123.72K	--

Equity Component Analysis

This analysis shows how different components contribute to Manganese X Energy 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 2854574500.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Other Components	CA$29.80 Million	2528.12%
Total Equity	CA$1.18 Million	100.00%

Manganese X Energy Corp Competitors by Market Cap

The table below lists competitors of Manganese X Energy Corp ranked by their market capitalization.

Company	Market Cap
Dalaroo Metals Ltd AU:DAL	$16.76 Million
Millennium Group International Holdings Limited Ordinary Shares NASDAQ:MGIH	$16.76 Million
SOLWERS OYJ EO 1 F:0ST	$16.77 Million
Polwax SA WAR:PWX	$16.78 Million
Samjin LND Co. Ltd KQ:054090	$16.75 Million
Tractial S.A. PA:ALTRA	$16.75 Million
Signaux Girod PA:ALGIR	$16.74 Million
Farmaceutica R RO:RMAH	$16.74 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Manganese X Energy Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 3,025,640 to 1,178,633, a change of -1,847,007 (-61.0%).
Net loss of 1,879,567 reduced equity.
Other factors increased equity by 32,560.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	CA$-1.88 Million	-159.47%
Other Changes	CA$32.56K	+2.76%
Total Change	CA$-	-61.05%

Book Value vs Market Value Analysis

This analysis compares Manganese X Energy 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: 17.34x
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 0.01x to 17.34x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-03-31	CA$11.96	CA$0.10	x
2010-03-31	CA$0.15	CA$0.10	x
2011-03-31	CA$1.06	CA$0.10	x
2012-03-31	CA$-0.10	CA$0.10	x
2013-03-31	CA$-0.74	CA$0.10	x
2014-03-31	CA$-1.05	CA$0.10	x
2015-03-31	CA$-1.31	CA$0.10	x
2016-03-31	CA$-0.32	CA$0.10	x
2017-03-31	CA$0.05	CA$0.10	x
2018-03-31	CA$0.02	CA$0.10	x
2019-03-31	CA$0.02	CA$0.10	x
2020-03-31	CA$0.01	CA$0.10	x
2021-03-31	CA$0.06	CA$0.10	x
2022-03-31	CA$0.03	CA$0.10	x
2023-03-31	CA$0.03	CA$0.10	x
2024-03-31	CA$0.02	CA$0.10	x
2025-03-31	CA$0.01	CA$0.10	x
2026-03-31	CA$0.01	CA$0.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Manganese X Energy 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): -159.47%
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: 1.53x
Recent ROE (-159.47%) is above the historical average (-600.61%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	-39.63%	0.00%	0.00x	1.10x	CA$-84.87K
2010	-9251.32%	0.00%	0.00x	46.24x	CA$-566.70K
2011	-532.23%	0.00%	0.00x	1.80x	CA$-2.42 Million
2012	0.00%	0.00%	0.00x	0.00x	CA$-3.00 Million
2013	0.00%	0.00%	0.00x	0.00x	CA$-865.47K
2014	0.00%	0.00%	0.00x	0.00x	CA$-775.74K
2015	0.00%	0.00%	0.00x	0.00x	CA$-624.45K
2016	0.00%	0.00%	0.00x	0.00x	CA$71.17K
2017	-65.56%	0.00%	0.00x	1.12x	CA$-850.95K
2018	-118.44%	0.00%	0.00x	1.08x	CA$-1.45 Million
2019	-123.15%	0.00%	0.00x	1.77x	CA$-1.30 Million
2020	-97.58%	0.00%	0.00x	1.14x	CA$-1.02 Million
2021	-85.06%	0.00%	0.00x	1.04x	CA$-5.45 Million
2022	-108.87%	0.00%	0.00x	1.03x	CA$-4.67 Million
2023	-73.79%	0.00%	0.00x	1.03x	CA$-3.22 Million
2024	-104.07%	0.00%	0.00x	1.08x	CA$-2.50 Million
2025	-51.76%	0.00%	0.00x	1.03x	CA$-1.87 Million
2026	-159.47%	0.00%	0.00x	1.53x	CA$-2.00 Million

Industry Comparison

This section compares Manganese X Energy 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: $35,388,736
Average return on equity (ROE) among peers: -60.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Manganese X Energy Corp (MN)	CA$1.18 Million	-39.63%	0.53x	$16.75 Million
Aftermath Silver Ltd (AAG)	$25.06 Million	-33.91%	0.29x	$158.16 Million
Aton Resources Inc (AAN)	$-9.99 Million	0.00%	0.00x	$45.18 Million
Arbor Metals Corp (ABR)	$384.49K	-219.08%	1.89x	$6.14 Million
Asiabasemetals Inc (ABZ)	$-820.83K	0.00%	0.00x	$2.36 Million
Adex Mining Inc (ADE)	$15.29 Million	-9.66%	0.03x	$46.54 Million
Alphamin Res (AFM)	$197.93 Million	-3.97%	0.50x	$1.25 Billion
Silver X Mining Corp (AGX)	$6.99 Million	-54.56%	0.04x	$148.73 Million
Amarc Resources Ltd. (AHR)	$763.11K	-243.05%	0.34x	$156.65 Million
Almonty Industries Inc (AII)	$39.75 Million	-36.45%	3.85x	$3.18 Billion
Aldebaran Resources Inc (ALDE)	$78.53 Million	0.45%	0.01x	$366.96 Million

About Manganese X Energy Corp

V:MN Canada Other Industrial Metals & Mining

Market Cap

$16.75 Million

CA$23.16 Million CAD

Market Cap Rank

#25740 Global

#1019 in Canada

Share Price

CA$0.10

Change (1 day)

+0.00%

52-Week Range

CA$0.06 - CA$0.16

All Time High

CA$0.96