Trident Gold Corp.
Trans Canada Gold Corp. engages in the acquisition, exploration, and development of oil and gas, and mineral resource properties in Canada. It explores for petroleum and natural gas properties, and gold deposits. The company was formerly known as Arctic Hunter Energy Inc. and changed its name to Trans Canada Gold Corp. in January 2021. Trans Canada Gold Corp. was incorporated in 2006 and is headq… Read more
Trident Gold Corp. (TTG) - Net Assets
Latest net assets as of September 2025: CA$387.88K CAD
Based on the latest financial reports, Trident Gold Corp. (TTG) has net assets worth CA$387.88K CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$609.49K) and total liabilities (CA$221.61K). 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$387.88K |
| % of Total Assets | 63.64% |
| Annual Growth Rate | -24.88% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.57 |
Trident Gold Corp. - Net Assets Trend (2021–2024)
This chart illustrates how Trident Gold Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trident Gold Corp. (2021–2024)
The table below shows the annual net assets of Trident Gold Corp. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$751.54K | -4.72% |
| 2023-06-30 | CA$788.75K | -40.22% |
| 2022-06-30 | CA$1.32 Million | -25.60% |
| 2021-06-30 | CA$1.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trident Gold 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 199741700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$7.14 Million | 950.13% |
| Total Equity | CA$751.54K | 100.00% |
Trident Gold Corp. Competitors by Market Cap
The table below lists competitors of Trident Gold Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Design Co. Ltd
KQ:227100
|
$3.74 Million |
|
Vision Lithium Inc
OTCQB:ABEPF
|
$3.75 Million |
|
CA Sales Holdings Ltd.
JSE:CAA
|
$3.75 Million |
|
Hypha Labs, Inc.
PINK:FUNI
|
$3.75 Million |
|
Capstone Holding Corp. Common Stock
NASDAQ:CAPS
|
$3.74 Million |
|
Midasco Capital Corp
V:MGC-H
|
$3.74 Million |
|
Agripower France Sa
PA:ALAGP
|
$3.74 Million |
|
Tiga Gaming Inc.
TWO:6536
|
$3.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trident Gold Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 788,753 to 751,536, a change of -37,217 (-4.7%).
- Net loss of 512,740 reduced equity.
- New share issuances of 349,000 increased equity.
- Other factors increased equity by 126,523.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-512.74K | -68.23% |
| Share Issuances | CA$349.00K | +46.44% |
| Other Changes | CA$126.52K | +16.84% |
| Total Change | CA$- | -4.72% |
Book Value vs Market Value Analysis
This analysis compares Trident Gold 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: 9.21x
- 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 2.61x to 9.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | CA$0.05 | CA$0.14 | x |
| 2022-06-30 | CA$0.04 | CA$0.14 | x |
| 2023-06-30 | CA$0.02 | CA$0.14 | x |
| 2024-06-30 | CA$0.01 | CA$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trident Gold Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -68.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -64.76%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.35x
- Recent ROE (-68.23%) is below the historical average (-65.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -30.53% | -630.82% | 0.05x | 1.06x | CA$-718.85K |
| 2022 | -34.40% | -273.90% | 0.11x | 1.10x | CA$-585.88K |
| 2023 | -130.68% | -889.49% | 0.12x | 1.27x | CA$-1.11 Million |
| 2024 | -68.23% | -64.76% | 0.78x | 1.35x | CA$-587.89K |
Industry Comparison
This section compares Trident Gold Corp.'s net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $138,025,772
- Average return on equity (ROE) among peers: -9.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trident Gold Corp. (TTG) | CA$387.88K | -30.53% | 0.57x | $3.74 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.21 Billion | -1.70% | 0.91x | $1.14 Billion |
| Alvopetro Energy (ALV) | $55.87 Million | -9.44% | 0.28x | $190.03 Million |
| Bison Gold Resources Inc (BGE) | $899.62K | -107.98% | 0.20x | $178.53K |
| Capitan Investment Ltd (CAI) | $8.61 Million | -19.92% | 0.13x | $283.50K |
| Canada Energy Partners Inc (CE-H) | $-617.75K | 0.00% | 0.00x | $99.62K |
| Benchmark Metals Inc (CEI) | $97.08 Million | -11.50% | 0.17x | $143.60 Million |
| Columbus Energy Limited (CEL-H) | $-587.57K | 0.00% | 0.00x | $456.61K |
| Criterium Energy Ltd. (CEQ) | $109.56K | 59.85% | 0.46x | $7.89 Million |
| Cavvy Energy Ltd. (CVVY) | $10.78 Million | -2.67% | 0.18x | $8.09K |
| District Mines Ltd (DIG-H) | $-397.45K | 0.00% | 0.00x | $1.17 Million |