AUSIMM CIM - Velocity Minerals Advisor

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Stock . Velocity Minerals . Stakeholders . Insider . AUSIMM CIM
VLC Stock  CAD 0.17  0.00  0.00%   

Executive

AUSIMM CIM is Advisor of Velocity Minerals
Age 64
Address 999 West Hastings Street, Vancouver, BC, Canada, V6C 2W2
Phone604 484 1233
Webhttps://www.velocityminerals.com

Velocity Minerals Management Efficiency

The company has return on total asset (ROA) of (0.0424) % which means that it has lost $0.0424 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0558) %, meaning that it generated substantial loss on money invested by shareholders. Velocity Minerals' management efficiency ratios could be used to measure how well Velocity Minerals manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Velocity Minerals' Total Assets are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 28.4 M in 2024, whereas Total Current Assets are likely to drop slightly above 2.6 M in 2024.
Velocity Minerals has accumulated 976.49 K in total debt with debt to equity ratio (D/E) of 52.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Velocity Minerals has a current ratio of 13.98, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Velocity Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Velocity Minerals' 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 Velocity Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Velocity to invest in growth at high rates of return. When we think about Velocity Minerals' use of debt, we should always consider it together with cash and equity.

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Velocity Minerals Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Bulgaria. Its principal property is the Rozino gold project located in the municipalities of Ivaylovgrad and Krumovgrad in southeast Bulgaria. VELOCITY MINERALS operates under Gold classification in Canada and is traded on TSX Venture Exchange. Velocity Minerals (VLC) is traded on TSX Venture Exchange in Canada and employs 8 people. Velocity Minerals is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Return On Equity-0.0558
Return On Asset-0.0424

Velocity Minerals Leadership Team

Elected by the shareholders, the Velocity Minerals' board of directors comprises two types of representatives: Velocity Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Velocity. The board's role is to monitor Velocity Minerals' management team and ensure that shareholders' interests are well served. Velocity Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Velocity Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.
LLB BA, Co Sec
PEng Eng, Advisor
Joyce BSc, Vice Communications
RPGeo MSc, CEO President
AUSIMM CIM, Advisor
Stuart Mills, Director Geology
CGA CPA, Chief Officer
Marla Ritchie, Corporate Secretary

Velocity Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Velocity Minerals 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.
Return On Equity-0.0558
Return On Asset-0.0424
Current Valuation31.64 M
Shares Outstanding196.3 M
Shares Owned By Insiders52.31 %
Number Of Shares Shorted2.48 K
Price To Book1.41 X
Gross Profit(246.08 K)
EBITDA(1.87 M)
Net Income(1.8 M)

Thematic Opportunities

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Additional Tools for Velocity Stock Analysis

When running Velocity Minerals' price analysis, check to measure Velocity Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Velocity Minerals is operating at the current time. Most of Velocity Minerals' value examination focuses on studying past and present price action to predict the probability of Velocity Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Velocity Minerals' price. Additionally, you may evaluate how the addition of Velocity Minerals to your portfolios can decrease your overall portfolio volatility.
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