Western Exploration Inc (WEX) - Net Assets
Based on the latest financial reports, Western Exploration Inc (WEX) has net assets worth CA$13.44 Million CAD (≈ $9.72 Million 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$14.36 Million ≈ $10.39 Million USD) and total liabilities (CA$926.51K ≈ $670.22K 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 Western Exploration Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$13.44 Million |
| % of Total Assets | 93.55% |
| Annual Growth Rate | 0.78% |
| 5-Year Change | -29.46% |
| 10-Year Change | N/A |
| Growth Volatility | 24.12 |
Western Exploration Inc - Net Assets Trend (2020–2025)
This chart illustrates how Western Exploration Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Western Exploration Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Western Exploration Inc (2020–2025)
The table below shows the annual net assets of Western Exploration Inc from 2020 to 2025. For live valuation and market cap data, see WEX company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$8.21 Million ≈ $5.94 Million |
-3.44% |
| 2024-12-31 | CA$8.50 Million ≈ $6.15 Million |
+6.62% |
| 2023-12-31 | CA$7.97 Million ≈ $5.77 Million |
-10.55% |
| 2022-12-31 | CA$8.91 Million ≈ $6.45 Million |
-23.41% |
| 2021-12-31 | CA$11.63 Million ≈ $8.42 Million |
+47.42% |
| 2020-12-31 | CA$7.89 Million ≈ $5.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Western Exploration 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 1788107600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$77.50 Million | 944.29% |
| Total Equity | CA$8.21 Million | 100.00% |
Western Exploration Inc Competitors by Market Cap
The table below lists competitors of Western Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao Hengshun Zhongsheng
SHE:300208
|
$30.71 Million |
|
Dare Bioscience Inc
NASDAQ:DARE
|
$30.72 Million |
|
Rand Capital Corp
NASDAQ:RAND
|
$30.72 Million |
|
Levinski Ofer
TA:LEOF
|
$30.73 Million |
|
NGE Capital Ltd
AU:NGE
|
$30.70 Million |
|
P-Two Industries
TWO:6158
|
$30.70 Million |
|
Petrolia SE
F:0PE
|
$30.70 Million |
|
Eldav-L
TA:ELDAV
|
$30.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,499,245 to 8,206,937, a change of -292,308 (-3.4%).
- Net loss of 3,676,689 reduced equity.
- New share issuances of 3,235,679 increased equity.
- Other factors increased equity by 148,702.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.68 Million | -44.8% |
| Share Issuances | CA$3.24 Million | +39.43% |
| Other Changes | CA$148.70K | +1.81% |
| Total Change | CA$- | -3.44% |
Book Value vs Market Value Analysis
This analysis compares Western Exploration 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: 4.36x
- 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 2.62x to 4.36x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.26 | CA$0.68 | x |
| 2021-12-31 | CA$0.38 | CA$0.68 | x |
| 2022-12-31 | CA$0.28 | CA$0.68 | x |
| 2023-12-31 | CA$0.23 | CA$0.68 | x |
| 2024-12-31 | CA$0.19 | CA$0.68 | x |
| 2025-12-31 | CA$0.16 | CA$0.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Exploration Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -44.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.11x
- Recent ROE (-44.80%) is above the historical average (-56.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -91.49% | 0.00% | 0.00x | 1.25x | CA$-8.01 Million |
| 2021 | -15.96% | 0.00% | 0.00x | 1.21x | CA$-3.02 Million |
| 2022 | -60.41% | 0.00% | 0.00x | 1.12x | CA$-6.27 Million |
| 2023 | -57.04% | 0.00% | 0.00x | 1.17x | CA$-5.34 Million |
| 2024 | -67.26% | 0.00% | 0.00x | 1.14x | CA$-6.57 Million |
| 2025 | -44.80% | 0.00% | 0.00x | 1.11x | CA$-4.50 Million |
Industry Comparison
This section compares Western Exploration Inc's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $8,968,473
- Average return on equity (ROE) among peers: -5058.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Exploration Inc (WEX) | CA$13.44 Million | -91.49% | 0.07x | $30.71 Million |
| AbraSilver Resource Corp. (ABRA) | $400.64K | -52.81% | 0.13x | $1.85 Billion |
| Archon Minerals Ltd (ACS) | $31.39K | -50144.47% | 2027.88x | $3.15 Million |
| Arctic Star Exploration Corp (ADD) | $1.35 Million | -152.13% | 0.40x | $1.73 Million |
| Adyton Resources Corp (ADY) | $14.98 Million | 5.60% | 0.05x | $71.75 Million |
| Adamera Minerals Corp. (ADZ) | $4.33 Million | -30.35% | 0.10x | $5.10 Million |
| Austral Gold Ltd (AGLD) | $14.37 Million | -188.43% | 4.16x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $23.22 Million | -5.48% | 0.17x | $11.78 Million |
| Alpha Exploration Ltd (ALEX) | $7.30 Million | -10.62% | 0.17x | $37.20 Million |
| American Creek Resources Ltd (AMK) | $12.62 Million | 7.02% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $11.08 Million | -9.78% | 0.02x | $4.54 Million |
About Western Exploration Inc
Western Exploration Inc. engages in the exploration, acquisition, development, and mining of precious metals and other mineral deposits in the United States. The company explores for gold and silver deposits. It holds a 100% interest in the Aura gold-silver project, which includes the Doby George, Gravel Creek, and Wood Gulch deposits, and comprises 709 unpatented lode mining claims totaling 12,8… Read more