| ARH Stock | | | CAD 0.14 0.02 12.50% |
CEO
Mr. Joe DeVries serves as Interim President, Chief Executive Officer, Director of Altima Resources Ltd. Mr. DeVries was a selfemployed business manager for several Canadian public companies since January 1990, and was Chief Executive Officer and a director of Petrichor Energy Inc., a public oil and gas company listed on the TSX Venture Exchange since 2005 since 2016.
| Age | 64 |
| Tenure | 8 years |
| Address | Box 4, Vancouver, BC, Canada, V6C 2T5 |
| Phone | 604-336-8610 |
| Web | https://www.altimaresources.ca |
DeVries meets on a regular basis with employees involved with inhouse accounting, as well as the Audit Committee and outside Auditors.
Altima Resources Management Efficiency
The company has return on total asset
(ROA) of
(0.1352) % which means that it has lost $0.1352 on every $100 spent on assets. This is way below average. Altima Resources' management efficiency ratios could be used to measure how well Altima Resources manages its routine affairs as well as how well it operates its assets and liabilities.
Total Assets is likely to climb to about 7.6
M in 2024, despite the fact that
Net Tangible Assets are likely to grow to (6.8
M).
Altima Resources has accumulated 2
M in total debt with debt to equity ratio
(D/E) of 1.01, which is about average as compared to similar companies. Altima Resources has a current ratio of 0.12, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Altima Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Altima Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Altima Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altima to invest in growth at high rates of return. When we think about Altima Resources' use of debt, we should always consider it together with cash and equity.
Similar Executives
Altima Resources Ltd., a junior energy company, engages in the acquisition, exploration, and development of petroleum and natural gas properties. Altima Resources Ltd was incorporated in 2003 and is headquartered in Vancouver, Canada. ALTIMA RESOURCES operates under Oil Gas EP classification in Exotistan and is traded on Commodity Exchange. Altima Resources (ARH) is traded on TSX Venture Exchange in Canada and employs 6 people. Altima Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.
Management Performance
Altima Resources Leadership Team
Elected by the shareholders, the Altima Resources' board of directors comprises two types of representatives: Altima Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Altima. The board's role is to monitor Altima Resources' management team and ensure that shareholders' interests are well served. Altima Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Altima Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Altima Stock Performance Indicators
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