VELOCITY MINERALS LTD chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/AC$ (N/A)
Beta N/A
Market capitalization 42.47M
Operating cash flow -2.44M
ESG Scores unknown

Company description

Velocity Minerals Ltd., a gold exploration and development company, engages in the acquisition, exploration, and evaluation of mineral resource properties in Bulgaria. It explores for gold and copper deposits. The company holds a 70% interest in the Tintyava property, which includes the Rozino gold project located in the municipalities of Ivaylovgrad and Krumovgrad in southeast Bulgaria; a 70% interest in the Momchil property, which includes the Obichnik gold project; and a 100% interest in the Iglika property covering an area of 105 square kilometers located in southeast Bulgaria. It also holds an option agreement to earn a 70% interest in the Nadezhda Project, which includes the Makedontsi gold project. The company is headquartered in Vancouver, Canada.

Sector: Basic Materials - Industry: Gold

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 169.74k -22.66k -24.18k -163.63k
Total Cashflows From Investing Activities -1.6M -5.64M -7.09M -5.44M
Net Borrowings 4.93M 4.93M -49.37k -56.3k
Total Cash From Financing Activities 2.23M 10.5M 16.17M 1.9M
Change To Operating Activities 19.16k -1.52k -109.62k 98.59k
Issuance Of Stock 2.33M 4.82M 15.51M 847.47k
Net Income -2.42M -2.54M -2.07M -2.49M
Change In Cash -590.88k 2.97M 7.33M -5.87M
Effect Of Exchange Rate
Total Cash From Operating Activities -1.22M -1.88M -1.75M -2.33M
Depreciation 731.23k 32.83k 32.83k 11.24k
Change To Account Receivables 3.85k -45.06k -186.62k -41k
Other Cashflows From Financing Activities -100.23k 744.75k 707.56k 1.11M
Change To Netincome 278.96k 725.2k 599.04k 256.52k
Capital Expenditures -1.6M -5.57M -7.09M -5.46M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -2.42M -2.61M -2.24M -2.51M
Net Income -2.42M -2.54M -2.07M -2.49M
Selling General Administrative 1.12M 1.84M 1.2M 1.59M
Gross Profit -91.74k -97.14k -100.09k -246.08k
Ebit -2.22M -1.94M -1.46M -1.99M
Operating Income -2.22M -1.94M -1.46M -1.99M
Interest Expense -494.69k -494.69k -639.65k -153.19k
Income Tax Expense
Total Revenue
Cost Of Revenue 91.74k 97.14k 100.09k 246.08k
Total Other Income ExpenseNet -208.63k -672.58k -778.65k -515.82k
Net Income From Continuing Ops -2.42M -2.61M -2.24M -2.51M
Net Income Applicable To Common Shares -2.42M -2.54M -2.07M -2.49M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 308.48k 4.86M 5.18M 474.4k
Total Stockholder Equity 3.19M 6.68M 20.46M 23.55M
Other Current Liabilities
Total Assets 3.49M 14.03M 29.01M 28.48M
Common Stock 12.95M 17.78M 33.74M 40.31M
Other Current Assets 289.6k
Retained Earnings -11.38M -13.92M -15.98M -18.47M
Treasury Stock 1.61M 2.81M 2.71M 1.71M
Cash 243.02k 3.22M 10.54M 4.68M
Total Current Liabilities 308.48k 839.28k 930.6k 429.63k
Other Stockholder Equity 1.61M 2.81M 2.71M 1.71M
Property, Plant, and Equipment 2.91M 10.69M 18.05M 23.45M
Total Current Assets 580.82k 3.34M 10.96M 5.03M
Net Tangible Assets 3.19M 6.68M 20.46M 23.55M
Net Receivables 7.08k 76.12k 262.74k 303.01k
Accounts Payable 308.48k 707.26k 795.94k 368.48k


Insider Transactions

Here are the insider transactions of stock shares related to VELOCITY MINERALS LTD:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.21 per share.D2022-05-1910% Security Holder of Issuer24k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.21 per share.D2022-05-1810% Security Holder of Issuer20k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.20 per share.D2022-05-1710% Security Holder of Issuer25k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.21 per share.D2022-05-1710% Security Holder of Issuer51k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.21 per share.D2022-05-1610% Security Holder of Issuer25k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-05-0510% Security Holder of Issuer34k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-05-0410% Security Holder of Issuer15k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-05-0310% Security Holder of Issuer1k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-04-2510% Security Holder of Issuer500
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-04-1410% Security Holder of Issuer500
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-04-1310% Security Holder of Issuer10k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-04-1210% Security Holder of Issuer1k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-04-0810% Security Holder of Issuer76k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-04-0710% Security Holder of Issuer5k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-04-0610% Security Holder of Issuer51k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-03-2810% Security Holder of Issuer41k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.22 per share.D2022-03-0910% Security Holder of Issuer31k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.23 per share.D2022-02-2810% Security Holder of Issuer78k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.23 per share.D2022-02-2510% Security Holder of Issuer5k
Kopple (Robert Charles)Acquisition or disposition carried out privately at price 0.20 per share.D2022-02-2410% Security Holder of Issuer765k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.23 per share.D2022-02-2410% Security Holder of Issuer99k
Mills (Stuart)Acquisition or disposition carried out privately at price 0.23 per share.D2022-02-22Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6)765k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.24 per share.D2022-02-0110% Security Holder of Issuer8k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.24 per share.D2022-01-3110% Security Holder of Issuer25k
Morgans, Darren PaulD2021-11-24Senior Officer of Issuer1.45k
Morgans, Darren PaulD2021-11-22Senior Officer of Issuer7.5k
Morgans, Darren PaulD2021-11-18Senior Officer of Issuer12.5k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.32 per share.D2021-11-0510% Security Holder of Issuer3k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.32 per share.D2021-11-0210% Security Holder of Issuer4k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.32 per share.D2021-10-2910% Security Holder of Issuer4k
Cruise (Mark Daniel)Exercise of warrants at price 0.16 per share.I2021-10-1210% Security Holder of Issuer41.67k
Henderson (Keith J)Exercise of warrants at price 0.16 per share.D2021-10-0810% Security Holder of Issuer100k
Kopple (Robert Charles)Acquisition or disposition carried out privately at price 0.16 per share.I2021-10-0810% Security Holder of Issuer435k
Marinov, DanielExercise of warrants at price 0.16 per share.I2021-10-08Director of Issuer41.67k
Mills (Stuart)Exercise of warrants at price 0.16 per share.D2021-10-0810% Security Holder of Issuer83.3k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.33 per share.D2021-10-0510% Security Holder of Issuer11k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.32 per share.D2021-09-2410% Security Holder of Issuer14k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.27 per share.D2021-09-1010% Security Holder of Issuer8.5k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.27 per share.D2021-09-0310% Security Holder of Issuer11.5k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.34 per share.D2021-08-3110% Security Holder of Issuer5k
Ethans (Lisa Diane)I2021-08-10Director or Senior Officer of 10% Security Holder
Shandro (Janis Alexandra)I2021-08-10Director or Senior Officer of 10% Security Holder
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.33 per share.D2021-07-0810% Security Holder of Issuer7k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.34 per share.D2021-07-0610% Security Holder of Issuer10k
Kopple (Robert Charles)Acquisition or disposition in the public market at price 0.35 per share.D2021-07-0510% Security Holder of Issuer30k

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 VELOCITY MINERALS LTD. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on VELOCITY MINERALS LTD

Here is the result of two systematic investment strategies applied to VELOCITY MINERALS LTD. 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 VELOCITY MINERALS LTD

The following chart shows the equity curve of the two systematic investment strategies applied to VELOCITY MINERALS LTD:

VELOCITY MINERALS LTD automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 113.46% on the backtest period.

Performance at glance

Performance

113.46 %

Latent gain

2552.97 C$

Invested capital

2250.15 C$

Annualized return

26.39 %
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Momentum strategy results on VELOCITY MINERALS LTD

This is the result of two momentum investment strategies applied to VELOCITY MINERALS LTD. 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 VELOCITY MINERALS LTD

The following chart shows all the entries opened by the momentum investment system on VELOCITY MINERALS LTD:

VELOCITY MINERALS LTD momentum entries
  • The first momentum investment strategy would give 104.62% of return on VELOCITY MINERALS LTD. That represents 6538.2C$ of latent gain with 6249.4C$ of employed capital.
  • The second momentum investment strategy would give 151.02% of return on VELOCITY MINERALS LTD. That represents 6418.83C$ of latent gain with 4250.29C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

104.62 %

Latent gain

6538.2 C$

Invested capital

6249.4 C$

Annualized return

16.96 %
Performance at glance (2Q Momentum)

Performance

151.02 %

Latent gain

6418.83 C$

Invested capital

4250.29 C$

Annualized return

39.53 %

Momentum equity curve on VELOCITY MINERALS LTD

The following chart shows the equity curve of the two momentum strategies applied to VELOCITY MINERALS LTD:

VELOCITY MINERALS LTD momentum equity

Note: the dividends potentially given by VELOCITY MINERALS LTD 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 VELOCITY MINERALS LTD

The following chart shows the employed capital evolution of the two momentum strategies on VELOCITY MINERALS LTD since the beginning:

VELOCITY MINERALS LTD

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 VELOCITY MINERALS LTD

Buy the dip entry openings on VELOCITY MINERALS LTD

VELOCITY MINERALS LTD

The performance achieved by the robo-advisor on VELOCITY MINERALS LTD is 39.01%. That represents 390.06$ of latent gain with 999.87C$ of employed capital. The following chart shows VELOCITY MINERALS LTD stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of VELOCITY MINERALS LTD, 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

39.01 %

Latent gain

390.06 C$

Invested capital

999.87 C$

Annualized return

16.96 %

Equity curve of the strategy applied to VELOCITY MINERALS LTD

The following chart shows the result of the investment strategy applied to VELOCITY MINERALS LTD:

VELOCITY MINERALS LTD

Note: the dividends potentially given by VELOCITY MINERALS LTD 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 VELOCITY MINERALS LTD

The following chart shows the employed capital evolution since the beginning of the investment strategy on VELOCITY MINERALS LTD:

VELOCITY MINERALS LTD

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 VELOCITY MINERALS LTD

In this section, I will compare the three previous investment strategies applied to VELOCITY MINERALS LTD.

Equity curve comparison on VELOCITY MINERALS LTD

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

VELOCITY MINERALS LTD investment strategy comparison

Employed capital comparison on VELOCITY MINERALS LTD

VELOCITY MINERALS LTD investment comparison

Performance comparison on VELOCITY MINERALS LTD

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 113.46% 2552.97C$ 2250.15C$ 26.39%
Momentum 1 quarter 104.62% 6538.2C$ 6249.4C$ 25.77%
Momentum 2 quarters 151.02% 6418.83C$ 4250.29C$ 39.53%
Non-directional 39.01% 390.06C$ 999.87C$ 16.96%
Annualized return comparison

Automatic investment

26.39 %

Momentum 1Q

39.53 %

Momentum 2Q

39.53 %

Non-directional

16.96 %

Correlated stocks

Here are the most positively and negatively correlated stocks with VELOCITY MINERALS LTD:

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


Company information

Company name VELOCITY MINERALS LTD
Country Canada
City Vancouver
Address 999 West Hastings Street
Phone
Website www.velocityminerals.com
FullTime employees
Industry Gold
Sector Basic Materials
Exchange XTSX
Ticker VLC.XTSX
Market www.tsx.com

VELOCITY MINERALS LTD 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