Voltaic Minerals Corp
Volt Lithium Corp. operates as a lithium producer and extraction technology company in Canada, North America. The company focuses on producing lithium hydroxide monohydrate and lithium carbonates from oilfield brine sources. It holds a 100% interest in the Rainbow Lake Property that consisting of 20 contiguous metallic and industrial mineral permits that covers total area of 173,990 hectares loca… Read more
Voltaic Minerals Corp (VLT) - Net Assets
Latest net assets as of January 2025: CA$7.30 Million CAD
Based on the latest financial reports, Voltaic Minerals Corp (VLT) has net assets worth CA$7.30 Million CAD as of January 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$10.51 Million) and total liabilities (CA$3.21 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$7.30 Million |
| % of Total Assets | 69.46% |
| Annual Growth Rate | 27.95% |
| 5-Year Change | N/A |
| 10-Year Change | 77059.79% |
| Growth Volatility | 1140.51 |
Voltaic Minerals Corp - Net Assets Trend (2013–2024)
This chart illustrates how Voltaic Minerals 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 Voltaic Minerals Corp (2013–2024)
The table below shows the annual net assets of Voltaic Minerals Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | CA$7.62 Million | +12.67% |
| 2023-10-31 | CA$6.76 Million | +33.45% |
| 2022-10-31 | CA$5.07 Million | +1262.32% |
| 2021-10-31 | CA$371.94K | +112.22% |
| 2020-10-31 | CA$-3.04 Million | -280.62% |
| 2018-10-31 | CA$1.68 Million | +53.73% |
| 2017-10-31 | CA$1.10 Million | +59.32% |
| 2016-10-31 | CA$687.79K | +337.31% |
| 2015-10-31 | CA$-289.83K | -3035.26% |
| 2014-10-31 | CA$9.87K | -98.05% |
| 2013-10-31 | CA$506.10K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Voltaic Minerals 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 1196308979.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$21.55 Million | 282.88% |
| Total Equity | CA$7.62 Million | 100.00% |
Voltaic Minerals Corp Competitors by Market Cap
The table below lists competitors of Voltaic Minerals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China HK Power Smart Energy Group Limited
OTCGREY:CHNTF
|
$21.56 Million |
|
Crown Seal Public Company Limited
BK:CSC
|
$21.57 Million |
|
SCD Co. Ltd
KQ:042110
|
$21.57 Million |
|
PAC.CENT.PREM. HD-50
F:DOF5
|
$21.57 Million |
|
Pioneer Bankshares Inc
PINK:PNBI
|
$21.56 Million |
|
BBIA Co., Ltd.
KQ:451250
|
$21.55 Million |
|
GeneBioTech Co. Ltd
KQ:086060
|
$21.55 Million |
|
Anli International Co Ltd
TWO:5223
|
$21.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Voltaic Minerals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,761,869 to 7,618,757, a change of 856,889 (12.7%).
- Net loss of 4,993,082 reduced equity.
- New share issuances of 5,806,904 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.99 Million | -65.54% |
| Share Issuances | CA$5.81 Million | +76.22% |
| Other Changes | CA$43.07K | +0.57% |
| Total Change | CA$- | 12.67% |
Book Value vs Market Value Analysis
This analysis compares Voltaic Minerals 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: 3.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-10-31 | CA$-1.15 | CA$0.21 | x |
| 2021-10-31 | CA$0.02 | CA$0.21 | x |
| 2022-10-31 | CA$0.13 | CA$0.21 | x |
| 2023-10-31 | CA$0.07 | CA$0.21 | x |
| 2024-10-31 | CA$0.06 | CA$0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Voltaic Minerals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -65.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.14x
- Recent ROE (-65.54%) is above the historical average (-1045.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -353.86% | 0.00% | 0.00x | 1.62x | CA$-1.84 Million |
| 2014 | -9744.64% | 0.00% | 0.00x | 82.13x | CA$-963.17K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-270.72K |
| 2016 | -729.77% | 0.00% | 0.00x | 1.17x | CA$-5.09 Million |
| 2017 | -136.33% | 0.00% | 0.00x | 1.10x | CA$-1.60 Million |
| 2018 | -27.40% | 0.00% | 0.00x | 1.10x | CA$-630.04K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-939.41K |
| 2021 | -259.46% | 0.00% | 0.00x | 9.27x | CA$-1.00 Million |
| 2022 | -98.96% | 0.00% | 0.00x | 1.16x | CA$-5.52 Million |
| 2023 | -80.67% | 0.00% | 0.00x | 1.09x | CA$-6.13 Million |
| 2024 | -65.54% | 0.00% | 0.00x | 1.14x | CA$-5.75 Million |
Industry Comparison
This section compares Voltaic Minerals 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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Voltaic Minerals Corp (VLT) | CA$7.30 Million | -353.86% | 0.44x | $21.56 Million |
| 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 |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| 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 |