| GLDN Stock | | | CAD 0.08 0.00 0.00% |
CEO
Michael BSc is CEO President of Golden Ridge Resources
| Age | 40 |
| Address | Landmark 3, Kelowna, BC, Canada, V1Y 7T2 |
| Phone | 250 717 3151 |
| Web | https://www.goldenridgeresources.com |
Golden Ridge Management Efficiency
The company has return on total asset
(ROA) of
(0.0326) % which means that it has lost $0.0326 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
(0.0224) %, meaning that it generated substantial loss on money invested by shareholders. Golden Ridge's management efficiency ratios could be used to measure how well Golden Ridge manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Golden Ridge's
Other Assets are fairly stable compared to the past year.
Total Current Assets is likely to climb to about 2.9
M in 2024, whereas
Net Tangible Assets are likely to drop slightly above 5.4
M in 2024.
Golden Ridge Resources has accumulated 333.74
K in total debt with debt to equity ratio
(D/E) of 0.1, which may suggest the company is not taking enough advantage from borrowing. Golden Ridge Resources has a current ratio of 16.69, 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 Ridge until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Ridge'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 Ridge 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 Ridge's use of debt, we should always consider it together with cash and equity.
Golden Ridge Resources Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. Its flagship project is the Hank property comprising 4 claims covering 1,700 hectares located in the Liard district of British Colombia. GOLDEN RIDGE operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. Golden Ridge Resources (GLDN) is traded on TSX Venture Exchange in Canada and employs 7 people. Golden Ridge is listed under Diversified Metals & Mining category by Fama And French industry classification.
Management Performance
Golden Ridge Resources Leadership Team
Elected by the shareholders, the Golden Ridge's board of directors comprises two types of representatives: Golden Ridge 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 Ridge's management team and ensure that shareholders' interests are well served. Golden Ridge'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 Ridge's outside directors are responsible for providing unbiased perspectives on the board's policies.
Golden 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 Golden Ridge 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.
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measure Golden Ridge's 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 Golden Ridge is operating at the current time. Most of Golden Ridge's value examination focuses on studying past and present price action to
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