Michael Ward - Mirage Energy President, Chairman

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Stock . Mirage Energy Corp . Stakeholders . Insider . Michael Ward
MRGE Stock  USD 0.01  0.00  0.00%   

Insider

Michael Ward is President, Chairman of Mirage Energy Corp
Age 67
Phone210 858 3970
Webhttps://www.mirageenergycorp.com

Michael Ward Latest Insider Activity

Tracking and analyzing the buying and selling activities of Michael Ward against Mirage Energy pink sheet is an integral part of due diligence when investing in Mirage Energy. Michael Ward insider activity provides valuable insight into whether Mirage Energy is net buyers or sellers over its current business cycle. Note, Mirage Energy insiders must abide by specific rules, including filing SEC forms every time they buy or sell Mirage Energy'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
 
Michael Ward over a year ago
RPT Realty exotic insider transaction detected

Mirage Energy Management Efficiency

The company has return on total asset (ROA) of (11.7801) % which means that it has lost $11.7801 on every $100 spent on assets. This is way below average. Mirage Energy's management efficiency ratios could be used to measure how well Mirage Energy manages its routine affairs as well as how well it operates its assets and liabilities.
Mirage Energy Corp currently holds 1.2 K in liabilities with Debt to Equity (D/E) ratio of 1.8, which is about average as compared to similar companies. Mirage Energy Corp has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Mirage Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Mirage Energy'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 Mirage Energy Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mirage to invest in growth at high rates of return. When we think about Mirage Energy's use of debt, we should always consider it together with cash and equity.

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Mirage Energy Corporation, through its subsidiaries, focuses on developing an integrated pipeline and natural gas storage facility in Mexico and the United States. Mirage Energy Corporation was incorporated in 2014 and is based in San Antonio, Texas. Mirage Energy operates under Oil Gas Midstream classification in the United States and is traded on OTC Exchange. It employs 5 people. Mirage Energy Corp [MRGE] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Return On Asset-11.78

Mirage Energy Corp Leadership Team

Elected by the shareholders, the Mirage Energy's board of directors comprises two types of representatives: Mirage Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mirage. The board's role is to monitor Mirage Energy's management team and ensure that shareholders' interests are well served. Mirage Energy'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, Mirage Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Dosser, VP
Michael Ward, President, Chairman

Mirage Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Mirage Energy 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 Asset-11.78
Current Valuation1.12 M
Shares Outstanding496.71 M
Shares Owned By Insiders47.77 %
Price To Earning(210.00) X
Price To Sales767.49 X
EBITDA(4.16 M)
Net Income(4.22 M)
Cash And Equivalents99.16 K
Total Debt1.2 K

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Other Information on Investing in Mirage Pink Sheet

Mirage Energy financial ratios help investors to determine whether Mirage Pink Sheet 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 Mirage with respect to the benefits of owning Mirage Energy security.
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