CompanyGraph
What stands out
- Valued far above the size of its business
At a glance
- Depends onUpstream position: supplies 5 industries, depends on 1
- ScaleMarket cap is $1.44B, above the global median of $1.18B
- PositionOperating margin is -140.2%, lower than 95% of its Gold peers (median 37%)
Sign in to view price data.
Sign inThe reported statements, read against the company's own industry.
What stands out
- Valued far above the size of its business
Financials view
Market Capitalization
2.03BCAD1.44B · vs all stocks (USD)
Revenue (TTM)
183.92MCAD129.84M · vs all stocks (USD)
Profit Margin
-198.82%vs Gold peers
Beta
2.13xvs all stocks
52-Week Change
75.94%vs all stocks
Market Capitalization
2.03BCAD1.44B · vs all stocks (USD)
Enterprise Value
3.02BCAD2.13B · vs all stocks (USD)
Forward P/E
-39.42xvs Gold peers
Price to Sales (TTM)
15.78xvs Gold peers
Price to Book (MRQ)
5.71xvs Gold peers
Enterprise to Revenue
16.39xvs Gold peers
Enterprise to EBITDA
-19.04xvs Gold peers
Gross Margin
35.40%vs Gold peers
Profit Margin
-198.82%vs Gold peers
Operating Margin
-140.19%vs Gold peers
Return on Assets (TTM)
-7.64%vs Gold peers
Return on Equity (TTM)
-71.66%vs Gold peers
Revenue (TTM)
183.92MCAD129.84M · vs all stocks (USD)
Revenue per Share (TTM)
0.1560CADUpdated Sep 29, 2026Quarterly Revenue Growth
-12.50%vs Gold peers
Gross Profit (TTM)
26.14MCAD18.45M · vs all stocks (USD)
EBITDA (TTM)
-158.38MCAD-111.81M · vs all stocks (USD)
Net Income (TTM)
-365.66MCAD-258.14M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-12.53%vs Gold peers
Operating Cash Flow (TTM)
-203.96MCAD-143.99M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-161.28MCAD-113.86M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.00CADUpdated Sep 29, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%vs Gold peers
Revenue
95.19MUSDFY2025 · Dec 31, 2025Cost of Goods Sold
83.69MUSDFY2025 · Dec 31, 2025Gross Profit
11.51MUSDFY2025 · Dec 31, 2025Operating Income
-98.13MUSDvs all stocks (USD)
Pre-tax Income
-202.14MUSDFY2025 · Dec 31, 2025Income Tax Expense
-3.29MUSDFY2025 · Dec 31, 2025Net Income
-198.85MUSDFY2025 · Dec 31, 2025EBIT
-173.48MUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
-95.44MUSDFY2025 · Dec 31, 2025Selling, General & Administrative
29.37MUSDFY2025 · Dec 31, 2025Other Operating Expenses
66.07MUSDFY2025 · Dec 31, 2025Non-operating Interest Income
4.40MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
28.66MUSDFY2025 · Dec 31, 2025EPS (Basic)
-0.3000USDFY2025 · Dec 31, 2025EPS (Diluted)
-0.3000USDFY2025 · Dec 31, 2025Basic Shares Outstanding
671.73MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
671.73MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-198.85MUSDFY2025 · Dec 31, 2025Operating Cash Flow
-166.50MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
105.26MUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-198.85MUSDFY2025 · Dec 31, 2025Depreciation & Amortization
3.25MUSDFY2025 · Dec 31, 2025Deferred Taxes (CF)
-3.29MUSDFY2025 · Dec 31, 2025Stock-based Compensation
9.13MUSDFY2025 · Dec 31, 2025Other Non-cash Items
35.53MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
1.40MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-13.68MUSDFY2025 · Dec 31, 2025Long-term Debt Payments
-92.42MUSDFY2025 · Dec 31, 2025Net Short-term Debt Issuance
0.00USDFY2025 · Dec 31, 2025Common Dividends Paid
0.00USDFY2025 · Dec 31, 2025Other Financing Charges
-44.00KUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
101.53MUSDFY2025 · Dec 31, 2025Shares Outstanding
865.90MSharesUpdated Sep 29, 2026Float Shares
723.25MSharesUpdated Sep 29, 2026Shares Short
30.18MSharesUpdated Sep 29, 2026Short Ratio
30.10daysvs all stocks
Short % of Shares Outstanding
3.52%vs all stocks
% Held by Insiders
1.04%vs all stocks
% Held by Institutions
63.08%vs all stocks
Total Cash (MRQ)
656.99MCAD463.81M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.5360CADUpdated Sep 29, 2026Total Debt (MRQ)
635.04MCAD448.32M · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.74xvs Gold peers
Current Ratio (MRQ)
8.63xvs Gold peers
Book Value per Share (MRQ)
0.4149CADUpdated Sep 29, 2026Total Assets
703.42MUSDvs all stocks (USD)
Total Current Assets
100.34MUSDFY2025 · Dec 31, 2025Total Liabilities
356.65MUSDFY2025 · Dec 31, 2025Total Non-current Assets
603.08MUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
218.39MUSDFY2025 · Dec 31, 2025Total Current Liabilities
138.26MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
63.24MUSDFY2025 · Dec 31, 2025Accounts Receivable
1.91MUSDFY2025 · Dec 31, 2025Inventory
29.25MUSDFY2025 · Dec 31, 2025Short-term Debt
76.81MUSDFY2025 · Dec 31, 2025Other Current Liabilities
18.37MUSDFY2025 · Dec 31, 2025Long-term Debt
97.91MUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
48.45MUSDFY2025 · Dec 31, 2025Common Stock (Book)
799.86MUSDFY2025 · Dec 31, 2025Retained Earnings
-483.67MUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
346.77MUSDvs all stocks (USD)
52-Week Low
1.25CADUpdated Sep 29, 202652-Week High
3.04CADUpdated Sep 29, 202652-Week Change
75.94%vs all stocks
Beta
2.13xvs all stocks
50-Day MA
2.28CADUpdated Sep 29, 2026200-Day MA
2.22CADUpdated Sep 29, 2026Avg 10-Day Volume
1.24MSharesUpdated Sep 29, 2026Avg 30-Day Volume
1.10MSharesUpdated Sep 29, 2026Diluted EPS (TTM)
-0.4400CADUpdated Sep 29, 2026Other Income / Expense
-77.85MUSDFY2025 · Dec 31, 2025Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Operating margin is -140.2%, lower than 95% of its Gold peers (median 37%)Significant
Operating margin: -1.40Industry median: 0.37Industry P5: 0.02Peers compared: 32.00
Profit margin is -198.8%, lower than 95% of its Gold peers (median 23.1%)Significant
Profit margin: -1.99Industry median: 0.23Industry P5: -0.06Peers compared: 32.00
Return on equity is -71.7%, lower than 95% of its Gold peers (median 14.5%)Significant
Return on equity: -0.72Industry median: 0.14Industry P5: -0.42Peers compared: 32.00
Debt-to-equity is 1.74×, higher than 95% of its Gold peers (median 0.12×)Significant
Debt-to-equity: 1.74Industry median: 0.12Industry P95: 1.19Peers compared: 32.00
Structural Tensions
Valued far above the size of its businessSignificant
Price-to-Sales: 15.78Revenue Growth YoY: -0.13
Significant cash reserves alongside high leverageNotable
Cash (USD): 463,810,265.753Total Debt (USD): 448,315,146.183Debt-to-Equity: 1.74
Looks liquid, but the distress score says otherwiseNotable
Current Ratio: 8.63Altman Z-Score: 0.69
Financial Health
Altman Z-Score 0.69: distress zoneCritical
Altman Z-Score: 0.69
Supply Chain
Upstream position: supplies 5 industries, depends on 1Notable
Outgoing: 5.00Incoming: 1.00
Scale
Market cap is $1.44B, above the global median of $1.18BNotable
Market cap (USD): 1,436,536,087.472Global Median: 1,180,223,658.953
Companies that share the same coordination system — how they create, deliver, or capture value.
Companhia Brasileira de Alumínio
Tier 1ProductionDepleting ExtractiveFlowRisk
Eramet SA
Tier 1ProductionDepleting ExtractiveFlowRisk
Greenfire Resources Ltd.
Tier 1ProductionDepleting ExtractiveRule
Equital Ltd.
Tier 1ProductionDepleting ExtractiveRuleRisk
Shanxi Coking Co. Ltd.
Tier 1ProductionDepleting ExtractiveFlowRule
Geo-Jade Petroleum Corporation
Tier 1ProductionDepleting ExtractiveRuleRisk
Nanjing Hanrui Cobalt Co., Ltd.
Tier 1ProductionDepleting ExtractiveFlowRisk
Cardinal Energy Ltd.
Tier 1ProductionDepleting ExtractiveRule
Dehua Tb New Decoration Co. Ltd.
Tier 1ProductionDepleting ExtractiveFlow
Mongolian Mining Corporation
Tier 1ProductionDepleting ExtractiveFlowRule