MCCHIP RESOURCES INC chart

Last update: 2021-02-18
Key statistics and financials
Revenue per share 0.37
Dividend & Yield0.04C$ (3.48%)
Beta 0.6
Market capitalization 6.57M
Operating cash flow 163.23k
ESG Scores unknown

Company description

McChip Resources Inc. operates in the natural resource industry in Canada. The company invests in petroleum interests in Western Canada, as well as direct and indirect interests in minerals. It holds interest in the Saskatchewan Potash project located in the province of Saskatchewan. The company was formerly known as Madsen Red Lake Gold Mines Limited and changed its name to McChip Resources Inc. in May 1981. McChip Resources Inc. was incorporated in 1935 and is based in Toronto, Canada.

Sector: Energy - Industry: Oil & Gas E&P

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 77.57k -13.72k -3.37k -12.27k
Total Cashflows From Investing Activities -847.01k -731.36k 593.77k -86.53k
Net Borrowings 508.8k 602.76k -501.14k 197.99k
Total Cash From Financing Activities -57.21k 432.95k -614.34k -5.91k
Change To Operating Activities
Issuance Of Stock 22.5k 22.5k 22.5k 22.5k
Net Income -330.86k 333.24k 1.79M 1.23M
Change In Cash -1.06M -184.7k 34.68k 70.79k
Effect Of Exchange Rate
Total Cash From Operating Activities -152.91k 113.71k 55.26k 163.23k
Depreciation 105.72k 19.84k 38.99k 15.81k
Change To Account Receivables 45.24k -18.61k -3.7k -9.85k
Other Cashflows From Financing Activities
Change To Netincome 540.28k -161.22k -1.82M -1.13M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -483.11k 372.78k 1.73M 1.23M
Net Income -330.86k 333.24k 1.79M 1.23M
Selling General Administrative 622.51k 623.08k 610.78k 613.57k
Gross Profit 245.12k 1.02M 2.39M 2.11M
Ebit -483.11k 372.78k 1.73M 1.23M
Operating Income -483.11k 372.78k 1.73M 1.23M
Interest Expense
Income Tax Expense -152.25k 39.54k -64.52k
Total Revenue 245.12k 1.02M 2.39M 2.11M
Cost Of Revenue
Total Other Income ExpenseNet
Net Income From Continuing Ops -330.86k 333.24k 1.79M 1.23M
Net Income Applicable To Common Shares -330.86k 333.24k 1.79M 1.23M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 725.41k 1.31M 831.53k 1.02M
Total Stockholder Equity 5.5M 5.66M 7.36M 8.63M
Other Current Liabilities
Total Assets 6.23M 6.98M 8.19M 9.65M
Common Stock 5.25M 5.25M 5.25M 5.28M
Other Current Assets 58.78k 45.04k 46.2k 72.86k
Retained Earnings -629.71k -466.27k 1.21M 2.22M
Treasury Stock
Cash 602.65k 417.96k 452.64k 523.43k
Total Current Liabilities 725.41k 1.31M 824.69k 1.02M
Other Stockholder Equity
Property, Plant, and Equipment 20.3k 4.81k
Total Current Assets 4.98M 5.99M 7.04M 8.35M
Net Tangible Assets 5.5M 5.66M 7.36M 8.63M
Net Receivables 604.96k 669.39k 623.54k 567.6k
Accounts Payable 216.4k 202.8k 199.29k 186.85k


Insider Transactions

Here are the insider transactions of stock shares related to MCCHIP RESOURCES INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
MCCLOSKEY RICHARD DPurchase at price 0.40 per share.1987-06-23Officer and Director25k
MCCLOSKEY RICHARD DPurchase at price 0.33 - 0.40 per share.1987-05-22Officer and Director110k

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 MCCHIP RESOURCES INC. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MCCHIP RESOURCES INC

Here is the result of two systematic investment strategies applied to MCCHIP RESOURCES INC. 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 MCCHIP RESOURCES INC

The following chart shows the equity curve of the two systematic investment strategies applied to MCCHIP RESOURCES INC:

MCCHIP RESOURCES INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 18.87% on the backtest period.

Performance at glance

Performance

18.87 %

Latent gain

330.38 C$

Invested capital

1750.92 C$

Annualized return

4.31 %
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Momentum strategy results on MCCHIP RESOURCES INC

This is the result of two momentum investment strategies applied to MCCHIP RESOURCES INC. 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 MCCHIP RESOURCES INC

The following chart shows all the entries opened by the momentum investment system on MCCHIP RESOURCES INC:

MCCHIP RESOURCES INC momentum entries
  • The first momentum investment strategy would give 36.16% of return on MCCHIP RESOURCES INC. That represents 1989.44C$ of latent gain with 5501.81C$ of employed capital.
  • The second momentum investment strategy would give 35.72% of return on MCCHIP RESOURCES INC. That represents 1339.93C$ of latent gain with 3750.87C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

36.16 %

Latent gain

1989.44 C$

Invested capital

5501.81 C$

Annualized return

10.5 %
Performance at glance (2Q Momentum)

Performance

35.72 %

Latent gain

1339.93 C$

Invested capital

3750.87 C$

Annualized return

9.16 %

Momentum equity curve on MCCHIP RESOURCES INC

The following chart shows the equity curve of the two momentum strategies applied to MCCHIP RESOURCES INC:

MCCHIP RESOURCES INC momentum equity

Note: the dividends potentially given by MCCHIP RESOURCES INC 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 MCCHIP RESOURCES INC

The following chart shows the employed capital evolution of the two momentum strategies on MCCHIP RESOURCES INC since the beginning:

MCCHIP RESOURCES INC

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 MCCHIP RESOURCES INC

Buy the dip entry openings on MCCHIP RESOURCES INC

MCCHIP RESOURCES INC

The performance achieved by the robo-advisor on MCCHIP RESOURCES INC is 25.0%. That represents 62.53$ of latent gain with 250.12C$ of employed capital. The following chart shows MCCHIP RESOURCES INC stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MCCHIP RESOURCES INC, 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

25.0 %

Latent gain

62.53 C$

Invested capital

250.12 C$

Annualized return

10.5 %

Equity curve of the strategy applied to MCCHIP RESOURCES INC

The following chart shows the result of the investment strategy applied to MCCHIP RESOURCES INC:

MCCHIP RESOURCES INC

Note: the dividends potentially given by MCCHIP RESOURCES INC 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 MCCHIP RESOURCES INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on MCCHIP RESOURCES INC:

MCCHIP RESOURCES INC

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 MCCHIP RESOURCES INC

In this section, I will compare the three previous investment strategies applied to MCCHIP RESOURCES INC.

Equity curve comparison on MCCHIP RESOURCES INC

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

MCCHIP RESOURCES INC investment strategy comparison

Employed capital comparison on MCCHIP RESOURCES INC

MCCHIP RESOURCES INC investment comparison

Performance comparison on MCCHIP RESOURCES INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 18.87% 330.38C$ 1750.92C$ 4.31%
Momentum 1 quarter 36.16% 1989.44C$ 5501.81C$ 8.73%
Momentum 2 quarters 35.72% 1339.93C$ 3750.87C$ 9.16%
Non-directional 25.0% 62.53C$ 250.12C$ 10.5%
Annualized return comparison

Automatic investment

4.31 %

Momentum 1Q

9.16 %

Momentum 2Q

9.16 %

Non-directional

10.5 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MCCHIP RESOURCES INC:

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 MCCHIP RESOURCES INC and the other stocks. There may be false positives or some missing correlated stocks. If the price of MCCHIP RESOURCES INC does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name MCCHIP RESOURCES INC
Country Canada
City Toronto
Address 150 York Street
Phone
Website
FullTime employees
Industry Oil & Gas E&P
Sector Energy
Exchange XTSX
Ticker MCS.XTSX
Market www.tsx.com

MCCHIP RESOURCES INC 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