Ian Grant - Progressive Planet Chief Officer

ASHXF Stock  USD 0.14  0.01  7.69%   

Insider

Ian Grant is Chief Officer of Progressive Planet Solutions
Phone800-910-3072
Webhttps://progressiveplanet.ca

Progressive Planet Management Efficiency

The company has return on total asset (ROA) of (0.1304) % which means that it has lost $0.1304 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3591) %, meaning that it generated substantial loss on money invested by shareholders. Progressive Planet's management efficiency ratios could be used to measure how well Progressive Planet manages its routine affairs as well as how well it operates its assets and liabilities.
Progressive Planet Solutions has accumulated 8.07 M in total debt with debt to equity ratio (D/E) of 1.18, which is about average as compared to similar companies. Progressive Planet has a current ratio of 1.52, which is within standard range for the sector. Debt can assist Progressive Planet until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive Planet's 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 Progressive Planet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive Planet's use of debt, we should always consider it together with cash and equity.

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Progressive Planet Solutions Inc., together with its subsidiaries, engages in the acquisition and exploration of mineral properties in Canada. Progressive Planet Solutions Inc. was incorporated in 2006 and is headquartered in Kamloops, Canada. Ashburton Ventures is traded on OTC Exchange in the United States. Progressive Planet Solutions [ASHXF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Progressive Planet Management Team

Elected by the shareholders, the Progressive Planet's board of directors comprises two types of representatives: Progressive Planet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Progressive. The board's role is to monitor Progressive Planet's management team and ensure that shareholders' interests are well served. Progressive Planet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Progressive Planet's outside directors are responsible for providing unbiased perspectives on the board's policies.
Steve Gurney, Pres Products
CGA CPA, Pres Chairman
Ian Grant, Chief Officer

Progressive Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Progressive Planet a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Progressive OTC Stock

Progressive Planet financial ratios help investors to determine whether Progressive OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Progressive with respect to the benefits of owning Progressive Planet security.