MIM BSc - Golden Arrow VP Director

GRG Stock  CAD 0.05  0.01  16.67%   

Insider

MIM BSc is VP Director of Golden Arrow Resources
Age 57
Address 837 West Hastings Street, Vancouver, BC, Canada, V6C 3N6
Phone604 687 1828
Webhttps://www.goldenarrowresources.com

Golden Arrow Management Efficiency

The company has return on total asset (ROA) of (0.6337) % which means that it has lost $0.6337 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.9274) %, meaning that it generated substantial loss on money invested by shareholders. Golden Arrow's management efficiency ratios could be used to measure how well Golden Arrow manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.94 in 2024. Return On Capital Employed is likely to drop to -1.45 in 2024. At this time, Golden Arrow's Non Current Assets Total are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 20 M in 2024, despite the fact that Non Currrent Assets Other are likely to grow to (6.1 M).
Golden Arrow Resources has accumulated 190.77 K in total debt with debt to equity ratio (D/E) of 35.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Golden Arrow Resources has a current ratio of 2.36, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Golden Arrow until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Arrow'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 Golden Arrow Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Golden to invest in growth at high rates of return. When we think about Golden Arrow's use of debt, we should always consider it together with cash and equity.

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Golden Arrow Resources Corporation, a natural resource company, engages in the acquisition, exploration, and development of precious and base metal projects in Argentina. Golden Arrow Resources Corporation was incorporated in 2015 and is based in Vancouver, Canada. GOLDEN ARROW operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. Golden Arrow Resources (GRG) is traded on TSX Venture Exchange in Canada and employs 6 people. Golden Arrow is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Golden Arrow Resources Leadership Team

Elected by the shareholders, the Golden Arrow's board of directors comprises two types of representatives: Golden Arrow inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golden. The board's role is to monitor Golden Arrow's management team and ensure that shareholders' interests are well served. Golden Arrow'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, Golden Arrow's outside directors are responsible for providing unbiased perspectives on the board's policies.
Connie Norman, Corporate Secretary
BASc CA, Chief Officer
Joseph Grosso, Executive Chairman, CEO and President and Member of Disclosure Committee
MIM BSc, VP Director
Brian PGeol, Vice Development
Gerald Eng, Head Exploration

Golden Stock Performance Indicators

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Thematic Opportunities

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Additional Tools for Golden Stock Analysis

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