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Velocity Minerals Ltd

Basic Materials CA VLC

0.1CAD
-0.005(4.76%)

Last update at 2024-05-15T19:36:00Z

Day Range

0.100.10
LowHigh

52 Week Range

0.100.22
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -2.75373M -2.50761M -2.23847M -2.60887M -2.42409M
Minority interest 0.09M 0.02M 3.37M 2.48M 2.48M
Net income -2.65953M -2.48997M -2.06574M -2.53603M -2.42409M
Selling general administrative 2.12M 1.92M 1.56M 2.16M 1.53M
Selling and marketing expenses - - - - -
Gross profit -0.04013M -0.01124M - - 0.00000M
Reconciled depreciation 0.05M 0.01M - - 0.00000M
Ebit -2.59648M -1.99178M -1.45982M -1.93630M -2.21546M
Ebitda -2.68297M -2.34317M -1.59882M -2.11418M -1.61815M
Depreciation and amortization - - - - -
Non operating income net other - - - - -
Operating income -2.72671M -2.17797M -1.66231M -2.25391M -1.61815M
Other operating expenses - - - - -
Interest expense 0.02M 0.15M 0.64M 0.49M 0.00000M
Tax provision - - - - -
Interest income 0.03M 0.02M 0.04M 0.07M -
Net interest income 0.00990M -0.13079M -0.59513M -0.42909M -
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - - - - -
Total revenue 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total operating expenses 2.73M 2.18M 1.66M 2.25M 1.62M
Cost of revenue 0.04M 0.01M - - 0.00000M
Total other income expense net -0.03692M -0.19884M 0.02M 0.07M -0.80594M
Discontinued operations - - - - -
Net income from continuing ops -2.75373M -2.50761M -2.23847M -2.60887M -2.42409M
Net income applicable to common shares - -2.48997M -2.06574M -2.53603M -2.42409M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 26.51M 28.48M 29.01M 14.03M 3.49M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets - - - - 0.29M
Total liab 0.62M 0.47M 5.18M 4.86M 0.31M
Total stockholder equity 21.26M 23.55M 20.46M 6.68M 3.19M
Deferred long term liab - - - - -
Other current liab - - - - -
Common stock 40.31M 40.31M 33.74M 17.78M 12.95M
Capital stock 40.31M 40.31M 33.74M 17.78M 12.95M
Retained earnings -21.13301M -18.47348M -15.98351M -13.91777M -11.38175M
Other liab - - - - -
Good will - - - - -
Other assets 0.05M - - - -
Cash 1.07M 4.68M 10.54M 3.22M 0.24M
Cash and equivalents - - - - -
Total current liabilities 0.46M 0.43M 0.93M 0.84M 0.31M
Current deferred revenue - - - - -
Net debt - - - 0.79M -
Short term debt - - - - -
Short long term debt - - - - -
Short long term debt total - - - - -
Other stockholder equity 2.08M 1.71M 2.71M 2.81M 1.61M
Property plant equipment 25.02M 23.45M 18.05M 10.69M 2.91M
Total current assets 1.44M 5.03M 10.96M 3.34M 0.58M
Long term investments - - - - -
Net tangible assets - 23.55M 20.46M 6.68M 3.19M
Short term investments - - - - -
Net receivables 0.32M 0.30M 0.26M 0.08M 0.00708M
Long term debt - - 4.21M 4.00M -
Inventory - - - - -
Accounts payable 0.35M 0.37M 0.80M 0.71M 0.31M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - - 10.69M 2.91M
Deferred long term asset charges - - - - -
Non current assets total 25.07M 23.45M 18.05M 10.69M 2.91M
Capital lease obligations 0.27M 0.11M 0.07M 0.04M -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -1.48578M -5.44146M -7.08657M -5.64384M -1.59896M
Change to liabilities 0.00000M -0.16363M -0.02418M -0.02266M 0.17M
Total cashflows from investing activities - -5.44146M -7.08657M -5.64384M -1.59896M
Net borrowings -0.07502M -0.05630M -0.04937M 4.93M 4.93M
Total cash from financing activities 0.19M 1.90M 16.17M 10.50M 2.23M
Change to operating activities - 0.10M -0.10962M -0.00152M 0.02M
Net income -2.65953M -2.48997M -2.06574M -2.53603M -2.42409M
Change in cash -3.60880M -5.86726M 7.33M 2.97M -0.59088M
Begin period cash flow 4.68M 10.54M 3.22M 0.24M 0.83M
End period cash flow 1.07M 4.68M 10.54M 3.22M 0.24M
Total cash from operating activities -2.31217M -2.32825M -1.75429M -1.88006M -1.22115M
Issuance of capital stock 0.00000M 0.85M 15.16M 4.36M 2.23M
Depreciation 0.05M 0.01M 0.03M 0.03M 0.73M
Other cashflows from investing activities - 0.02M 0.02M 0.09M 0.09M
Dividends paid - - - - -
Change to inventory - - - - -
Change to account receivables 0.02M -0.04100M -0.18662M -0.04506M 0.00385M
Sale purchase of stock - - - - -
Other cashflows from financing activities - 1.11M 0.71M 0.74M -0.10024M
Change to netincome 0.14M 0.26M 0.60M 0.73M 0.28M
Capital expenditures 1.50M 5.46M 7.09M 5.57M 1.60M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 0.16M -0.10605M -0.32042M -0.06924M 0.19M
Stock based compensation 0.25M 0.14M 0.13M 0.32M -
Other non cash items -0.01585M 0.13M 0.65M 0.48M 0.00940M
Free cash flow -3.81630M -7.79285M -8.84086M -7.45337M -2.82011M

Fundamentals

  • Previous Close 0.10
  • Market Cap21.57M
  • Volume3500
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-2.05449M
  • Revenue TTM0.00000M
  • Revenue Per Share TTM-
  • Gross Profit TTM -0.24608M
  • Diluted EPS TTM-0.02

Peer Comparison

Sector: Basic Materials Industry: Gold

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to EBITDA (x)
VLC
Velocity Minerals Ltd		 -0.005 4.76% 0.10 - - - 0.94 -9.7663
ARTG
Artemis Gold Inc		 -0.02 0.20% 10.05 - 204.08 - 1.97 -124.5374
NFG
New Found Gold Corp		 -0.045 0.92% 4.84 - - - 16.58 -9.2118
RML
Rusoro Mining Ltd		 -0.025 1.80% 1.36 - - - - -42.9377
RGD
Reunion Gold Corporation		 0.01 1.59% 0.64 - - - 5.63 -7.2104

Reports Covered

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Profile

Velocity Minerals Ltd., a gold exploration and development company, engages in the acquisition, exploration, and evaluation of mineral resource properties in Bulgaria. It explores for gold and copper deposits. The company holds 70% interest in the Tintyava property, which includes the Rozino gold project located in the municipalities of Ivaylovgrad and Krumovgrad in southeast Bulgaria; the Momchil property, which includes the Obichnik gold project located within the municipality of Momchilgrad in southeast, Bulgaria; and a 100% interest in the Iglika property covering an area of 105 square kilometers located in southeast Bulgaria. It also holds a 70% interest in the Nadezhda Project, which includes the Makedontsi gold project. The company is headquartered in Vancouver, Canada.

Velocity Minerals Ltd

999 West Hastings Street, Vancouver, BC, Canada, V6C 2W2

Key Executives

Name Title Year Born
Mr. Keith J. Henderson M.Sc., P.Geo. Pres, CEO & Director 1971
Mr. Darren Paul Morgans C.A., CPA, CA Chief Financial Officer 1975
Mr. Daniel Marinov M.Sc., R.P.Geo VP of Operations & Director NA
Mr. Stuart A. Mills Director of Geology NA
Ms. Joyce L. Musial B.Sc. VP of Corp. Communications NA
Ms. Marla K. Ritchie Corp. Sec. 1963
Ms. Arie Alisen Page B.A., L.L.B. Corp. Sec. 1978

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