Edward Munden - Topaz Resources President CEO, CFO, Secretary, Director

CEO

Mr. Edward J. Munden is President, Chief Executive Officer, Chief Financial Officer, Secretary, Director of Topaz Resources Inc. Mr. Munden plays a role in making key management and strategic decisions for the Company. He is a professional geological engineer with an MBA and is a cofounder of a private boutique investment banking organization that since 1989 has provided andor arranged early and mid stage VC and handson managerial assistance to a portfolio of energy, mining and technology software companies. From 2001 to present, Mr. Munden has focused on development and financing of oil and gas leasing and drilling projects in the Barnett Shale play in northcentral Texas with a strategy of accumulating a mineral lease position and building a operational capability. In 1994, Mr. Munden cofounded a Dallas based independent NASDAQtraded public energy company engaged in the exploration, development and acquisition of oil and natural gas properties and held senior level positions including Director, Chairman, President and CEO until it was sold for over in December 2001. Mr. Munden has held positions in the energy, mining, manufacturing and technology industries for more than 30 years. since 2010.
Age 72
Tenure 14 years
Phone940-243-1122
Webhttps://www.topazresourcesinc.com

Topaz Resources Management Efficiency

The company has return on total asset (ROA) of 0.027 % which means that it generated a profit of $0.027 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0741) %, meaning that it created substantial loss on money invested by shareholders. Topaz Resources' management efficiency ratios could be used to measure how well Topaz Resources manages its routine affairs as well as how well it operates its assets and liabilities.
Topaz Resources currently holds 275 K in liabilities with Debt to Equity (D/E) ratio of 0.55, which is about average as compared to similar companies. Topaz Resources has a current ratio of 0.16, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Topaz Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Topaz Resources' 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 Topaz Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Topaz to invest in growth at high rates of return. When we think about Topaz Resources' use of debt, we should always consider it together with cash and equity.

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Topaz Resources, Inc. operates as an independent oil and gas company. Topaz Resources, Inc. was founded in 2009 and is headquartered in Denton, Texas. TOPAZ RESOURCES is traded on PNK Exchange in the United States. Topaz Resources [TOPZ] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Topaz Resources Leadership Team

Elected by the shareholders, the Topaz Resources' board of directors comprises two types of representatives: Topaz Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Topaz. The board's role is to monitor Topaz Resources' management team and ensure that shareholders' interests are well served. Topaz Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Topaz Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Edward Munden, President CEO, CFO, Secretary, Director
Rand Stinnett, Vice President General Legal Counsel
Bruce Benn, Chief Fin
Robert Lindsay, Chief Director
Bill Williamson, Vice President

Topaz 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 Topaz Resources 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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Additional Tools for Topaz Pink Sheet Analysis

When running Topaz Resources' price analysis, check to measure Topaz Resources' 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 Topaz Resources is operating at the current time. Most of Topaz Resources' value examination focuses on studying past and present price action to predict the probability of Topaz Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topaz Resources' price. Additionally, you may evaluate how the addition of Topaz Resources to your portfolios can decrease your overall portfolio volatility.