Renegade Gold Inc.
Renegade Gold Inc. engages in the acquisition, exploration, and development of mineral properties primarily located in the Red Lake mining district of northern Ontario. It explores for gold and copper deposits. The company's flagship project is the 100% owned Newman Todd Project located to the Red Lake District. The company was formerly known as Trillium Gold Mines Inc. and changed its name to Re… Read more
Renegade Gold Inc. (RAGE) - Net Assets
Latest net assets as of March 2024: CA$12.05 Million CAD
Based on the latest financial reports, Renegade Gold Inc. (RAGE) has net assets worth CA$12.05 Million CAD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$18.92 Million) and total liabilities (CA$6.87 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 | CA$12.05 Million |
| % of Total Assets | 63.7% |
| Annual Growth Rate | 42.79% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 83.56 |
Renegade Gold Inc. - Net Assets Trend (2020–2023)
This chart illustrates how Renegade Gold Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Renegade Gold Inc. (2020–2023)
The table below shows the annual net assets of Renegade Gold Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | CA$15.73 Million | +39.85% |
| 2022-06-30 | CA$11.25 Million | -24.59% |
| 2021-06-30 | CA$14.92 Million | +175.88% |
| 2020-06-30 | CA$5.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Renegade 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 3211986300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$75.67 Million | 481.01% |
| Total Equity | CA$15.73 Million | 100.00% |
Renegade Gold Inc. Competitors by Market Cap
The table below lists competitors of Renegade Gold Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Panda Eco System Berhad
KLSE:0290
|
$7.24 Million |
|
Pacific Strategic Financial
JK:APIC
|
$7.24 Million |
|
Trinity Exploration & Production plc
PINK:TRXEF
|
$7.24 Million |
|
Welsbach Technology Metals Acquisition Corp
NASDAQ:WTMA
|
$7.24 Million |
|
Comarch SA
WAR:CMR
|
$7.23 Million |
|
Bleuacacia Ltd
NASDAQ:BLEU
|
$7.23 Million |
|
Vizione Holdings Bhd
KLSE:7070
|
$7.23 Million |
|
Kc Green Holdi
KO:009440
|
$7.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Renegade Gold Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 11,249,494 to 15,732,132, a change of 4,482,638 (39.8%).
- Net loss of 7,369,451 reduced equity.
- New share issuances of 4,081,514 increased equity.
- Other factors increased equity by 7,770,575.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-7.37 Million | -46.84% |
| Share Issuances | CA$4.08 Million | +25.94% |
| Other Changes | CA$7.77 Million | +49.39% |
| Total Change | CA$- | 39.85% |
Book Value vs Market Value Analysis
This analysis compares Renegade 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: 0.54x
- 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 increased from 0.22x to 0.54x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | CA$2.58 | CA$0.57 | x |
| 2021-06-30 | CA$3.64 | CA$0.57 | x |
| 2022-06-30 | CA$1.91 | CA$0.57 | x |
| 2023-06-30 | CA$1.05 | CA$0.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Renegade Gold Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -46.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.25x
- Recent ROE (-46.84%) is above the historical average (-67.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -29.72% | 0.00% | 0.00x | 1.16x | CA$-2.15 Million |
| 2021 | -78.49% | 0.00% | 0.00x | 1.13x | CA$-13.20 Million |
| 2022 | -115.93% | 0.00% | 0.00x | 1.20x | CA$-14.17 Million |
| 2023 | -46.84% | 0.00% | 0.00x | 1.25x | CA$-8.94 Million |
Industry Comparison
This section compares Renegade Gold Inc.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,323,818
- Average return on equity (ROE) among peers: -12.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Renegade Gold Inc. (RAGE) | CA$12.05 Million | -29.72% | 0.57x | $7.23 Million |
| Athabasca Minerals Inc (ABM) | $14.67 Million | -17.11% | 0.38x | $3.80 Million |
| AIS Resources Ltd (AIS) | $733.20K | -18.86% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $7.66 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-194.53K | 0.00% | 0.00x | $248.82K |
| Antler Gold Inc (ANTL) | $5.56 Million | -15.72% | 0.05x | $3.41 Million |
| Apogee Minerals Ltd (APMI) | $509.07K | -27.00% | 0.02x | $1.15 Million |
| Awale Resources Ltd (ARIC) | $11.21 Million | -15.12% | 0.10x | $38.72 Million |
| Au Gold Corp (AUGC) | $1.73 Million | -6.53% | 0.01x | $4.70 Million |
| AUX Resources Corporation (AUX) | $-1.82 Million | 0.00% | 0.00x | $12.37 Million |