E Tech Resources Inc
ReeXploration Inc. engages in the exploration and development of critical minerals and rare earth elements in Canada. The company's flagship project is the Eureka Project in Namibia. The company was formerly known as E-Tech Resources Inc. and changed its name to ReeXploration Inc. in October 2025. ReeXploration Inc. is based in Halifax, Canada.
E Tech Resources Inc (REE) - Net Assets
Latest net assets as of July 2025: CA$5.48 Million CAD
Based on the latest financial reports, E Tech Resources Inc (REE) has net assets worth CA$5.48 Million CAD as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.35 Million) and total liabilities (CA$871.96K). 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$5.48 Million |
| % of Total Assets | 86.28% |
| Annual Growth Rate | 41.59% |
| 5-Year Change | 997.06% |
| 10-Year Change | N/A |
| Growth Volatility | 398.47 |
E Tech Resources Inc - Net Assets Trend (2018–2025)
This chart illustrates how E Tech Resources 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 E Tech Resources Inc (2018–2025)
The table below shows the annual net assets of E Tech Resources Inc from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | CA$4.79 Million | +2.84% |
| 2024-04-30 | CA$4.66 Million | +0.98% |
| 2023-04-30 | CA$4.62 Million | -14.68% |
| 2022-04-30 | CA$5.41 Million | +1138.28% |
| 2021-04-30 | CA$437.06K | -30.72% |
| 2020-04-30 | CA$630.85K | -4.52% |
| 2019-04-30 | CA$660.73K | +57.22% |
| 2018-04-30 | CA$420.25K | -- |
Equity Component Analysis
This analysis shows how different components contribute to E Tech Resources 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 1028451300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$15.09 Million | 314.64% |
| Total Equity | CA$4.79 Million | 100.00% |
E Tech Resources Inc Competitors by Market Cap
The table below lists competitors of E Tech Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wenzhou Kangning Hospital Co. Ltd
F:4WK
|
$9.60 Million |
|
TGLT S.A
PINK:TGLTY
|
$9.60 Million |
|
Minrex Resources Ltd
AU:MRR
|
$9.60 Million |
|
Jioushun Construction Co., Ltd.
TWO:5547
|
$9.61 Million |
|
Fibromat (M) Berhad
KLSE:0355
|
$9.60 Million |
|
Trinity Watthana Public Company Limited
BK:TNITY
|
$9.60 Million |
|
Condor Resources Inc
PINK:CNRIF
|
$9.60 Million |
|
Inno Holdings Inc. Common Stock
NASDAQ:INHD
|
$9.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in E Tech Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,662,426 to 4,794,802, a change of 132,376 (2.8%).
- Net loss of 418,977 reduced equity.
- Other factors increased equity by 551,353.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-418.98K | -8.74% |
| Other Changes | CA$551.35K | +11.5% |
| Total Change | CA$- | 2.84% |
Book Value vs Market Value Analysis
This analysis compares E Tech Resources 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: 3.00x
- 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 decreased from 8.10x to 3.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-04-30 | CA$0.02 | CA$0.14 | x |
| 2019-04-30 | CA$0.03 | CA$0.14 | x |
| 2020-04-30 | CA$0.03 | CA$0.14 | x |
| 2021-04-30 | CA$0.02 | CA$0.14 | x |
| 2022-04-30 | CA$0.08 | CA$0.14 | x |
| 2023-04-30 | CA$0.06 | CA$0.14 | x |
| 2024-04-30 | CA$0.05 | CA$0.14 | x |
| 2025-04-30 | CA$0.04 | CA$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently E Tech Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.15x
- Recent ROE (-8.74%) is above the historical average (-32.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1.70% | 0.00% | 0.00x | 1.04x | CA$-49.15K |
| 2019 | -11.44% | 0.00% | 0.00x | 1.04x | CA$-141.67K |
| 2020 | -4.74% | 0.00% | 0.00x | 1.02x | CA$-92.96K |
| 2021 | -53.05% | 0.00% | 0.00x | 1.20x | CA$-275.55K |
| 2022 | -141.73% | 0.00% | 0.00x | 1.07x | CA$-8.21 Million |
| 2023 | -25.57% | 0.00% | 0.00x | 1.08x | CA$-1.64 Million |
| 2024 | -16.19% | 0.00% | 0.00x | 1.10x | CA$-1.22 Million |
| 2025 | -8.74% | 0.00% | 0.00x | 1.15x | CA$-898.46K |
Industry Comparison
This section compares E Tech Resources Inc'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: $35,774,979
- Average return on equity (ROE) among peers: -75.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| E Tech Resources Inc (REE) | CA$5.48 Million | -1.70% | 0.16x | $9.60 Million |
| Asbestos Corporation Limited (AB-H) | $-20.76 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $365.51 Million | 12.92% | 0.41x | $422.81 Million |
| African Metals Corporation (AFR) | $2.08 Million | 45.81% | 0.09x | $701.76K |
| Bullet Exploration Inc (AMMO) | $1.26 Million | -8.63% | 0.04x | $3.15 Million |
| AM Resources Corp (AMR) | $462.09K | -341.82% | 1.78x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $2.00 Million | -444.37% | 0.10x | $91.10 Million |
| Auriginal Mining Corp. (AUME) | $9.81 Million | -17.73% | 0.25x | $5.68 Million |
| Aurora Royalties Inc (AUR-H) | $-29.57K | 0.00% | 0.00x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.95 Million | 0.00% | 0.00x | $375.18K |