GIGA METALS CORPORATION chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/AC$ (N/A)
Beta 1.95
Market capitalization 32.29M
Operating cash flow -1.83M
ESG Scores unknown

Company description

Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel and cobalt sulphide deposits. It holds 100% interests in the Turnagain property with 71 contiguous mineral claims covering an area of approximately 38,681 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017. Giga Metals Corporation was incorporated in 1983 and is headquartered in Vancouver, Canada.

Sector: Basic Materials - Industry: Other Industrial Metals & Mining

Financial Ratios
Quick Ratio4.36
Working Capital-1.84
Return On Equity-0.19
Debt To Equity0
Fixed Asset Ratio1.15
Fixed Interest Cover-146.11

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -48.36k -28.43k 30.03k 3.17k
Total Cashflows From Investing Activities -2.95M 1.47M -694.51k -6.62M
Net Borrowings -53.58k -53.58k -36.07k -88.18k
Total Cash From Financing Activities 634.38k 1.16M 4.08M 6.18M
Change To Operating Activities 67.56k 229.5k -23.15k -72.82k
Issuance Of Stock 670.75k 1.21M 4.12M 7.04M
Net Income 1.15M -1.66M -2.02M -2.74M
Change In Cash -3.66M 1.23M 2.12M -2.27M
Effect Of Exchange Rate
Total Cash From Operating Activities -1.34M -1.39M -1.27M -1.83M
Depreciation 11.38k 79.92k 97.91k 98.68k
Change To Account Receivables -161k 128.01k 34.21k -65.15k
Other Cashflows From Financing Activities -36.37k -775.31k -775.31k -775.31k
Change To Netincome -2.36M -136.15k 615.54k 948.22k
Capital Expenditures -72.36k -3.59k -38.08k -38.08k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 1.15M -1.66M -2.02M -2.74M
Net Income 1.15M -1.66M -2.02M -2.74M
Selling General Administrative 1.74M 2.23M 1.92M 2.98M
Gross Profit
Ebit -1.75M -2.31M -2.02M -3.07M
Operating Income -1.75M -2.31M -2.02M -3.07M
Interest Expense -25.21k -25.21k -30.77k -21.05k
Income Tax Expense
Total Revenue
Cost Of Revenue
Total Other Income ExpenseNet 2.9M 682.49k -5.44k 336.82k
Net Income From Continuing Ops 1.15M -1.66M -2.02M -2.74M
Net Income Applicable To Common Shares 1.15M -1.66M -2.02M -2.74M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 312.98k 877.25k 663.09k 935.44k
Total Stockholder Equity 6.8M 6.86M 9.58M 14.05M
Other Current Liabilities
Total Assets 7.11M 7.74M 10.24M 14.99M
Common Stock 53.87M 55.09M 60.17M 65.24M
Other Current Assets
Retained Earnings -54.33M -55.99M -58.01M -60.75M
Treasury Stock 7.26M 7.76M 7.42M 9.56M
Cash 405.85k 1.64M 3.76M 1.49M
Total Current Liabilities 312.98k 459.86k 218.88k 442.93k
Other Stockholder Equity 7.26M 7.76M 7.42M 9.56M
Property, Plant, and Equipment 2.4M 4.73M 6.05M 12.63M
Total Current Assets 4.47M 2.78M 3.95M 1.93M
Net Tangible Assets 6.8M 6.86M 9.58M 14.05M
Net Receivables 1.09M 1.07M 103.74k 279.53k
Accounts Payable 229.42k 235.42k 81.29k 278.24k


Insider Transactions

Here are the insider transactions of stock shares related to GIGA METALS CORPORATION:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Jarvis (Mark Clayton)Exercise of options at price 0.08 per share.D2021-06-28Director of Issuer175k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to GIGA METALS CORPORATION. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on GIGA METALS CORPORATION

Here is the result of two systematic investment strategies applied to GIGA METALS CORPORATION. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on GIGA METALS CORPORATION

The following chart shows the equity curve of the two systematic investment strategies applied to GIGA METALS CORPORATION:

GIGA METALS CORPORATION automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 302.12% on the backtest period.

Performance at glance

Performance

302.12 %

Latent gain

6799.15 C$

Invested capital

2250.51 C$

Annualized return

72.28 %
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Momentum strategy results on GIGA METALS CORPORATION

This is the result of two momentum investment strategies applied to GIGA METALS CORPORATION. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on GIGA METALS CORPORATION

The following chart shows all the entries opened by the momentum investment system on GIGA METALS CORPORATION:

GIGA METALS CORPORATION momentum entries
  • The first momentum investment strategy would give 644.39% of return on GIGA METALS CORPORATION. That represents 28999.64C$ of latent gain with 4500.3C$ of employed capital.
  • The second momentum investment strategy would give 440.82% of return on GIGA METALS CORPORATION. That represents 9919.23C$ of latent gain with 2250.17C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

644.39 %

Latent gain

28999.64 C$

Invested capital

4500.3 C$

Annualized return

57.55 %
Performance at glance (2Q Momentum)

Performance

440.82 %

Latent gain

9919.23 C$

Invested capital

2250.17 C$

Annualized return

119.14 %

Momentum equity curve on GIGA METALS CORPORATION

The following chart shows the equity curve of the two momentum strategies applied to GIGA METALS CORPORATION:

GIGA METALS CORPORATION momentum equity

Note: the dividends potentially given by GIGA METALS CORPORATION are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on GIGA METALS CORPORATION

The following chart shows the employed capital evolution of the two momentum strategies on GIGA METALS CORPORATION since the beginning:

GIGA METALS CORPORATION

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on GIGA METALS CORPORATION

Buy the dip entry openings on GIGA METALS CORPORATION

GIGA METALS CORPORATION

The performance achieved by the robo-advisor on GIGA METALS CORPORATION is 125.45%. That represents 626.99$ of latent gain with 499.78C$ of employed capital. The following chart shows GIGA METALS CORPORATION stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of GIGA METALS CORPORATION, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

125.45 %

Latent gain

626.99 C$

Invested capital

499.78 C$

Annualized return

57.55 %

Equity curve of the strategy applied to GIGA METALS CORPORATION

The following chart shows the result of the investment strategy applied to GIGA METALS CORPORATION:

GIGA METALS CORPORATION

Note: the dividends potentially given by GIGA METALS CORPORATION are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on GIGA METALS CORPORATION

The following chart shows the employed capital evolution since the beginning of the investment strategy on GIGA METALS CORPORATION:

GIGA METALS CORPORATION

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on GIGA METALS CORPORATION

In this section, I will compare the three previous investment strategies applied to GIGA METALS CORPORATION.

Equity curve comparison on GIGA METALS CORPORATION

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

GIGA METALS CORPORATION investment strategy comparison

Employed capital comparison on GIGA METALS CORPORATION

GIGA METALS CORPORATION investment comparison

Performance comparison on GIGA METALS CORPORATION

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 302.12% 6799.15C$ 2250.51C$ 72.28%
Momentum 1 quarter 644.39% 28999.64C$ 4500.3C$ 163.55%
Momentum 2 quarters 440.82% 9919.23C$ 2250.17C$ 119.14%
Non-directional 125.45% 626.99C$ 499.78C$ 57.55%
Annualized return comparison

Automatic investment

72.28 %

Momentum 1Q

119.14 %

Momentum 2Q

119.14 %

Non-directional

57.55 %

Correlated stocks

Here are the most positively and negatively correlated stocks with GIGA METALS CORPORATION:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between GIGA METALS CORPORATION and the other stocks. There may be false positives or some missing correlated stocks. If the price of GIGA METALS CORPORATION does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name GIGA METALS CORPORATION
Country Canada
City Vancouver
Address 700 West Pender Street
Phone
Website www.gigametals.com
FullTime employees
Industry Other Industrial Metals & Mining
Sector Basic Materials
Exchange XTSX
Ticker GIGA.XTSX
Market www.tsx.com

GIGA METALS CORPORATION ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown