Adriatic Metals Plc
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Quick analysis of Adriatic Metals Plc (30 sec.)

1. Valuation of Adriatic Metals Plc (5 min.)

Live pricePrice per share (EOD)

A$3.04

Book Value per Share

A$0.58

2. Growth of Adriatic Metals Plc (5 min.)

Is Adriatic Metals Plc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$107.8m	$83m	$52.1m	38.6%

How much money is Adriatic Metals Plc making?

	Current year	Previous year	Grow	Grow %
Making money	-$17.1m	-$3.8m	-$13.3m	?
Net Profit Margin	0.0%	0.0%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Adriatic Metals Plc (5 min.)

4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)

Industry Rankings (Other Industrial Metals & Mining)

Richest
#153 / 1009

Most Revenue
#835 / 1009

Most Profit
#963 / 1009

Most Efficient
#515 / 1009

Fundamentals of Adriatic Metals Plc

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Adriatic Metals Plc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Adriatic Metals Plc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Adriatic Metals Plc:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-	-46.5%	+46.5%
TTM	-	-49.9%	+49.9%
YOY	-	-89.2%	+89.2%
5Y	-	-339.0%	+339.0%
10Y	-	-857.8%	+857.8%

Measures how much net profit Adriatic Metals Plc earns for each $1 of revenue.

Revenue is the amount of profit Adriatic Metals Plc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Adriatic Metals Plc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
Can be used to compare companies within the Other Industrial Metals & Mining industry.

You typically want a high profit margin. This means that for each $1 in sales, Adriatic Metals Plc makes more profit. This shows the investor how efficiently Adriatic Metals Plc is operating in general and compared to other companies in the same industry. Adriatic Metals Plc operates in the Other Industrial Metals & Mining industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Adriatic Metals Plc. If profit margins remain low (compared to the Other Industrial Metals & Mining industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Adriatic Metals Plc is 0.00. This means that Adriatic Metals Plc earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Other Industrial Metals & Mining industry is -46.5%.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Adriatic Metals Plc with other companies in the same industry (Other Industrial Metals & Mining).
Net profit margin should rise over the years.
Can be influenced when Adriatic Metals Plc sells assets (profit will increase while costs remain the same).
It won’t show what part of Adriatic Metals Plc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Adriatic Metals Plc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Adriatic Metals Plc = -38,327
Total revenue MRQ Adriatic Metals Plc = 0
$-38,327 / $0 = 0.00 or 0.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Adriatic Metals Plc is using its assets to generate profit.

Above 5% is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
-21.9% Return on Assets means that Adriatic Metals Plc generated $-0.22 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Adriatic Metals Plc:

The MRQ is -21.9%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -9.9%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-21.9%	TTM	-9.9%	-12.1%
TTM	-9.9%	YOY	-3.5%	-6.4%
TTM	-9.9%	5Y	-6.5%	-3.3%
5Y	-6.5%	10Y	-7.4%	+0.8%

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-21.9%	-7.2%	-14.7%
TTM	-9.9%	-7.6%	-2.3%
YOY	-3.5%	-7.2%	+3.7%
5Y	-6.5%	-12.0%	+5.5%
10Y	-7.4%	-14.9%	+7.5%

Shows how efficient Adriatic Metals Plc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Adriatic Metals Plc is using its resources to generate profit. If the return on assets (-21.9%) from Adriatic Metals Plc are higher than the Other Industrial Metals & Mining mean (-7.2%) that means Adriatic Metals Plc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Adriatic Metals Plc is -21.9%. This means the company generated $-0.22 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Other Industrial Metals & Mining industry is -7.2%.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Adriatic Metals Plc

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Adriatic Metals Plc = -38,327
Total assets MRQ (balance sheet) from Adriatic Metals Plc = 174,730
-38,327 / 174,730 = -0.22 or -21.9%

ROA is an important ratio as it will tell you how effectively Adriatic Metals Plc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Adriatic Metals Plc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
-35.5% Return on Equity means Adriatic Metals Plc generated $-0.36 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Adriatic Metals Plc:

The MRQ is -35.5%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -14.8%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-35.5%	TTM	-14.8%	-20.7%
TTM	-14.8%	YOY	-4.6%	-10.3%
TTM	-14.8%	5Y	-7.9%	-7.0%
5Y	-7.9%	10Y	-8.9%	+1.0%

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-35.5%	-7.5%	-28.0%
TTM	-14.8%	-7.9%	-6.9%
YOY	-4.6%	-7.5%	+2.9%
5Y	-7.9%	-12.3%	+4.4%
10Y	-8.9%	-15.9%	+7.0%

Shows how efficient Adriatic Metals Plc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Other Industrial Metals & Mining industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Adriatic Metals Plc is -35.5%. This means Adriatic Metals Plc generated $-0.36 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Other Industrial Metals & Mining industry is -7.5%.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if Adriatic Metals Plc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Adriatic Metals Plc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Adriatic Metals Plc = -38,327
Shareholders equity (balance sheet) MRQ Adriatic Metals Plc = 107,903
-38,327 / 107,903 = -0.36 or -35.5%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Adriatic Metals Plc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Adriatic Metals Plc is operating .

Measures how much profit Adriatic Metals Plc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Adriatic Metals Plc:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	-	0.0%
5Y	-	10Y	-	0.0%

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-	-1,710.9%	+1,710.9%
TTM	-	-31.2%	+31.2%
YOY	-	-139.6%	+139.6%
5Y	-	-280.7%	+280.7%
10Y	-	-785.6%	+785.6%

Measures how efficient Adriatic Metals Plc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Adriatic Metals Plc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Adriatic Metals Plc is 0.0%. This means that Adriatic Metals Plc earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Other Industrial Metals & Mining industry is -1,710.9%.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Adriatic Metals Plc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Adriatic Metals Plc = -31,531
Total revenue MRQ Adriatic Metals Plc = 0
$-31,531 / $0 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Adriatic Metals Plc is keeping operating costs low.

Below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Adriatic Metals Plc:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	-	2.009	-2.009
TTM	-	1.965	-1.965
YOY	-	2.366	-2.366
5Y	-	3.779	-3.779
10Y	-	6.338	-6.338

Measures how efficient Adriatic Metals Plc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Adriatic Metals Plc is 0.0%. This means that Adriatic Metals Plc earned $0.00 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Other Industrial Metals & Mining industry is 2.01.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Adriatic Metals Plc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
( +) \ 0 = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Adriatic Metals Plc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Adriatic Metals Plc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
A Current Ratio of 10.29 means the company has $10.29 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Adriatic Metals Plc:

The MRQ is 10.286. The company is very able to pay all its short-term debts. +2
The TTM is 20.369. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	10.286	TTM	20.369	-10.083
TTM	20.369	YOY	14.360	+6.009
TTM	20.369	5Y	24.945	-4.576
5Y	24.945	10Y	23.799	+1.146

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	10.286	2.978	+7.308
TTM	20.369	3.335	+17.034
YOY	14.360	3.666	+10.694
5Y	24.945	4.265	+20.680
10Y	23.799	4.581	+19.218

Measures if Adriatic Metals Plc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Adriatic Metals Plc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Adriatic Metals Plc is 10.29. This means Adriatic Metals Plc has $10.29 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Other Industrial Metals & Mining industry is 2.98.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Adriatic Metals Plc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
79,416 \ 7,721) = 10.29

The current ratio measures if Adriatic Metals Plc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Adriatic Metals Plc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Adriatic Metals Plc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Adriatic Metals Plc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Adriatic Metals Plc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
A Quick Ratio of 7.85 means the company can pay off $7.85 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Adriatic Metals Plc:

The MRQ is 7.854. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 10.760. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	7.854	TTM	10.760	-2.905
TTM	10.760	YOY	7.221	+3.539
TTM	10.760	5Y	13.125	-2.365
5Y	13.125	10Y	12.570	+0.555

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	7.854	0.904	+6.950
TTM	10.760	0.720	+10.040
YOY	7.221	0.886	+6.335
5Y	13.125	1.071	+12.054
10Y	12.570	1.188	+11.382

Measures if Adriatic Metals Plc is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Adriatic Metals Plc can pay off its short term debts. This shows if Adriatic Metals Plc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Adriatic Metals Plc is 7.85. This means that Adriatic Metals Plc can pay off $7.85 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Other Industrial Metals & Mining industry is 0.90.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Adriatic Metals Plc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Adriatic Metals Plc: (60,585 + +57) / 7,721 = 7.85

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Adriatic Metals Plc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Adriatic Metals Plc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Adriatic Metals Plc to Other Industrial Metals & Mining industry mean.
A Debt to Asset Ratio of 0.38 means that Adriatic Metals Plc assets are financed with 38.2% credit (debt) and the remaining percentage (100% - 38.2%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Adriatic Metals Plc:

The MRQ is 0.382. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.221. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.382	TTM	0.221	+0.161
TTM	0.221	YOY	0.232	-0.011
TTM	0.221	5Y	0.116	+0.106
5Y	0.116	10Y	0.120	-0.004

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	0.382	0.153	+0.229
TTM	0.221	0.152	+0.069
YOY	0.232	0.143	+0.089
5Y	0.116	0.205	-0.089
10Y	0.120	0.250	-0.130

Measures how much % of Adriatic Metals Plc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Adriatic Metals Plc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Adriatic Metals Plc to Other Industrial Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Adriatic Metals Plc is 0.38. This means means that Adriatic Metals Plc is financed with 38.2% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Other Industrial Metals & Mining industry is 297.8%.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Adriatic Metals Plc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Adriatic Metals Plc

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
66,827 \ 174,730 = 38.2% or 0.38.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Adriatic Metals Plc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
A Debt to Equity ratio of 61.9% means that company has $0.62 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Adriatic Metals Plc:

The MRQ is 0.619. The company is very able to pay all its debts with equity. +2
The TTM is 0.315. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.619	TTM	0.315	+0.304
TTM	0.315	YOY	0.311	+0.004
TTM	0.315	5Y	0.155	+0.160
5Y	0.155	10Y	0.160	-0.005

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	0.619	0.143	+0.476
TTM	0.315	0.150	+0.165
YOY	0.311	0.140	+0.171
5Y	0.155	0.214	-0.059
10Y	0.160	0.225	-0.065

Measures if Adriatic Metals Plc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Adriatic Metals Plc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Adriatic Metals Plc is 0.62. This means that Adriatic Metals Plc can pay off $0.62 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Other Industrial Metals & Mining industry is 0.14.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Adriatic Metals Plc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
66,827 \ 107,903 = 0.62 or 61.9%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Adriatic Metals Plc

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Adriatic Metals Plc generates.

Above 15 is considered overpriced but always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
A PE ratio of -15.20 means the investor is paying $-15.20 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Adriatic Metals Plc:

The EOD is -14.670. Company is losing money. -2
The MRQ is -15.200. Company is losing money. -2
The TTM is -67.862. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	-14.670	MRQ	-15.200	+0.531
MRQ	-15.200	TTM	-67.862	+52.662
TTM	-67.862	YOY	-203.952	+136.089
TTM	-67.862	5Y	-140.704	+72.842
5Y	-140.704	10Y	-133.669	-7.035

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
EOD	-14.670	-7.790	-6.880
MRQ	-15.200	-9.936	-5.264
TTM	-67.862	-10.690	-57.172
YOY	-203.952	-19.191	-184.761
5Y	-140.704	-18.287	-122.417
10Y	-133.669	-19.983	-113.686

Measures how much money you pay for each share for every $1 in earnings Adriatic Metals Plc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Adriatic Metals Plc to the Other Industrial Metals & Mining industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Adriatic Metals Plc is -15.20. This means the investor is paying $-15.20 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Other Industrial Metals & Mining industry is -9.94.
What is the trend?
The trend is important because it shows you how Adriatic Metals Plc is performing over time. The most recent quarter might be important if Adriatic Metals Plc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Adriatic Metals Plc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Adriatic Metals Plc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-38,327 \ 272,746 = EPS
PE ratio MRQ = -15.20

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Adriatic Metals Plc.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Adriatic Metals Plc:

The MRQ is 2.270. Seems overpriced? -1
The TTM is -75.640. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	2.270	TTM	-75.640	+77.910
TTM	-75.640	YOY	254.891	-330.531
TTM	-75.640	5Y	-1,430,439.874	+1,430,364.234
5Y	-1,430,439.874	10Y	-1,430,439.874	0.000

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
MRQ	2.270	-1.880	+4.150
TTM	-75.640	-3.438	-72.202
YOY	254.891	-8.034	+262.925
5Y	-1,430,439.874	-5.103	-1,430,434.771
10Y	-1,430,439.874	-5.144	-1,430,434.730

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Adriatic Metals Plc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
A PB ratio of 5.40 means the investor is paying $5.40 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Adriatic Metals Plc:

The EOD is 5.211. Seems overpriced? -1
The MRQ is 5.399. Seems overpriced? -1
The TTM is 3.653. Neutral. Compare to industry.

Trends

Current period		Compared to		+/-
EOD	5.211	MRQ	5.399	-0.189
MRQ	5.399	TTM	3.653	+1.746
TTM	3.653	YOY	6.762	-3.110
TTM	3.653	5Y	9.409	-5.756
5Y	9.409	10Y	8.938	+0.470

Compared to industry (Other Industrial Metals & Mining)

Period	Company	Industry (mean)	+/-
EOD	5.211	1.498	+3.713
MRQ	5.399	1.812	+3.587
TTM	3.653	1.850	+1.803
YOY	6.762	2.642	+4.120
5Y	9.409	2.481	+6.928
10Y	8.938	2.797	+6.141

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Adriatic Metals Plc.

3.1. Funds holding Adriatic Metals Plc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2021-02-28	Global X Fds-Global X Silver Miners ETF	2.32	-	4275465	-	-
2021-01-31	Investment Managers Ser Tr-EuroPac Gold Fd	1.9	-	3498000	-	-
2020-11-30	ASA Gold & Precious Metals Limited	1.36	-	2500000	-	-
2021-02-28	OCM Gold Fund	0.14	-	255128	-	-
2020-12-31	U.S. Global Investors Fund-World Precious Minerals Fund	0.14	-	250000	-	-
2021-02-28	SPDR (R) Idx Shares-SPDR (R) S&P (R) International Small Cap ETF	0.04	-	65746	-	-
Total		5.9	0	10844339	0	0.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Adriatic Metals Plc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.199	-0.082	-59%	0.151	-231%	0.030	-757%	0.029	-781%
Book Value Growth	-	-	0.746	0.897	-17%	1.434	-48%	1.377	-46%	1.377	-46%
Book Value Per Share	-	-	0.583	0.731	-20%	0.442	+32%	0.266	+119%	0.253	+131%
Book Value Per Share Growth	-	-	0.746	0.897	-17%	1.479	-50%	1.374	-46%	1.374	-46%
Current Ratio	-	-	10.286	20.369	-50%	14.360	-28%	24.945	-59%	23.799	-57%
Debt To Asset Ratio	-	-	0.382	0.221	+73%	0.232	+65%	0.116	+231%	0.120	+219%
Debt To Equity Ratio	-	-	0.619	0.315	+96%	0.311	+99%	0.155	+299%	0.160	+287%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	-0.207	-0.085	-59%	-0.014	-93%	-0.021	-90%	-0.020	-90%
Eps Growth	-	-	-6.695	-1.657	-75%	0.799	-937%	0.329	-2134%	0.329	-2134%
Free Cash Flow Per Share	-	-	-0.378	-0.168	-55%	-0.023	-94%	-0.038	-90%	-0.036	-91%
Free Cash Flow Per Share Growth	-	-	-3.940	-1.137	-71%	0.803	-591%	0.501	-887%	0.501	-887%
Free Cash Flow To Equity Per Share	-	-	-0.257	-0.131	-49%	0.073	-451%	0.005	-5098%	0.005	-5220%
Free Cash Flow To Equity Per Share Growth	-	-	-1.742	-0.386	-78%	3.008	-158%	2.003	-187%	2.003	-187%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.006	-1%	1.005	-1%
Intrinsic Value_10Y_max	-	-	-232.361	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-197.962	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-3.580	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-3.954	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-25.774	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-25.707	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-66.072	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-62.448	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Margin	-	-	-	-	0%	-	0%	-	0%	-	0%
Operating Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Pb Ratio	5.211	-4%	5.399	3.653	+48%	6.762	-20%	9.409	-43%	8.938	-40%
Pe Ratio	-14.670	+3%	-15.200	-67.862	+346%	-203.952	+1242%	-140.704	+826%	-133.669	+779%
Peg Ratio	-	-	2.270	-75.640	+3431%	254.891	-99%	-1430439.874	+63001610%	-1430439.874	+63001610%
Price Per Share	3.040	-4%	3.150	2.547	+24%	2.465	+28%	1.607	+96%	1.526	+106%
Price To Total Gains Ratio	-15.314	+3%	-15.868	-28.849	+82%	11.429	-239%	64.900	-124%	64.900	-124%
Profit Growth	-	-	-2.347	-0.329	-86%	0.665	-453%	0.456	-615%	0.456	-615%
Quick Ratio	-	-	7.854	10.760	-27%	7.221	+9%	13.125	-40%	12.570	-38%
Return On Assets	-	-	-0.219	-0.099	-55%	-0.035	-84%	-0.065	-70%	-0.074	-66%
Return On Equity	-	-	-0.355	-0.148	-58%	-0.046	-87%	-0.079	-78%	-0.089	-75%
Total Gains Per Share	-	-	-0.199	-0.082	-59%	0.151	-231%	0.030	-757%	0.029	-781%
Total Gains Per Share Growth	-	-	-2.258	-1.129	-50%	-	-100%	-3.442	+52%	-3.442	+52%
Usd Book Value	-	-	107854115.716	135191917.778	-20%	83022579.339	+30%	49692104.957	+117%	47291048.821	+128%
Usd Book Value Change Per Share	-	-	-0.132	-0.054	-59%	0.101	-231%	0.020	-757%	0.019	-781%
Usd Book Value Per Share	-	-	0.388	0.487	-20%	0.294	+32%	0.177	+119%	0.168	+131%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	-0.138	-0.057	-59%	-0.009	-93%	-0.014	-90%	-0.014	-90%
Usd Free Cash Flow	-	-	-69865626.947	-31129543.202	-55%	-4412645.929	-94%	-6973745.705	-90%	-6654051.272	-90%
Usd Free Cash Flow Per Share	-	-	-0.251	-0.112	-55%	-0.015	-94%	-0.025	-90%	-0.024	-91%
Usd Free Cash Flow To Equity Per Share	-	-	-0.171	-0.087	-49%	0.049	-451%	0.003	-5098%	0.003	-5220%
Usd Price Per Share	2.023	-4%	2.096	1.694	+24%	1.640	+28%	1.069	+96%	1.015	+106%
Usd Profit	-	-	-38309397.242	-17175826.011	-55%	-3821208.387	-90%	-4404364.329	-89%	-4208243.897	-89%
Usd Revenue	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Total Gains Per Share	-	-	-0.132	-0.054	-59%	0.101	-231%	0.020	-757%	0.019	-781%
	EOD	+3 -2	MRQ	TTM	+2 -32	YOY	+7 -27	5Y	+6 -29	10Y	+6 -29

4.2. Fundamental Score

Let's check the fundamental score of Adriatic Metals Plc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-14.670
Price to Book Ratio (EOD)	Between	0-1	5.211
Net Profit Margin (MRQ)	Greater than	0	0.000
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	7.854
Current Ratio (MRQ)	Greater than	1	10.286
Debt to Asset Ratio (MRQ)	Less than	1	0.382
Debt to Equity Ratio (MRQ)	Less than	1	0.619
Return on Equity (MRQ)	Greater than	0.15	-0.355
Return on Assets (MRQ)	Greater than	0.05	-0.219
Total			4/10 (40.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Adriatic Metals Plc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	31.963
Ma 20	Greater than	Ma 50	3.280
Ma 50	Greater than	Ma 100	3.517
Ma 100	Greater than	Ma 200	3.426
Open	Greater than	Close	3.100
Total			3/5 (60.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	174,730
Total Liabilities	66,827
Total Stockholder Equity	107,903

	As reported
Total Liabilities	66,827
Total Stockholder Equity	+ 107,903
Total Assets	= 174,730

Assets

Total Assets	174,730
Total Current Assets	79,416
Long-term Assets	79,416

Total Current Assets

Total Current Assets (as reported)	79,416
Cash And Cash Equivalents	60,585
Net Receivables	57
Total Current Assets (calculated)	60,642
+/-	18,773

Long-term Assets

Long-term Assets (as reported)	95,314
Property Plant Equipment	95,314
Long-term Assets (calculated)	95,314
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	7,721
Long-term Liabilities	59,106
Total Stockholder Equity	107,903

Total Current Liabilities

Total Current Liabilities (as reported)	7,721
Short-term Debt	2,379
Accounts payable	2,586
Other Current Liabilities	2,756
Total Current Liabilities (calculated)	7,721
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	59,106
Long term Debt Total	48,306
Capital Lease Obligations	8,187
Long-term Liabilities (calculated)	56,493
+/-	2,614

Total Stockholder Equity

Total Stockholder Equity (as reported)	107,903
Common Stock	5,376
Retained Earnings	-73,748
Capital Surplus	143,830
Total Stockholder Equity (calculated)	75,458
+/-	32,445

Other

Capital Stock	5,376
Cash and Short Term Investments	60,585
Common Stock Shares Outstanding	272,746
Liabilities and Stockholders Equity	174,730
Net Debt	-9,900
Net Invested Capital	150,401
Net Working Capital	71,695
Short Long Term Debt Total	50,685

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2022-12-31

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

> Total Assets

2,093
6,453
6,453
11,446
11,422
10,424
10,424
21,601
21,601
0
21,844
0
67,921
0
86,857
0
178,004
0
168,514
174,730

174,730

168,514

178,004

86,857

67,921

21,844

21,601

10,424

11,422

11,446

6,453

2,093

> Total Current Assets

851
4,792
4,792
8,086
8,069
5,731
5,731
14,494
14,494
11,636
11,636
30,235
30,235
21,512
29,772
84,812
114,465
90,528
90,528
79,416

79,416

90,528

114,465

84,812

29,772

21,512

30,235

11,636

14,494

5,731

8,069

8,086

4,792

851

Cash And Cash Equivalents

0
4,644
4,644
7,761
7,745
5,370
5,370
13,894
13,894
0
0
0
0
0
28,839
0
112,251
0
83,436
60,585

60,585

83,436

112,251

28,839

13,894

5,370

7,745

7,761

4,644

Short-term Investments

0
0
0
0
0
0
0
0
0
0
1,242
0
0
0
0
0
0
0
0
0

1,242

Net Receivables

39
148
148
325
325
362
654
600
600
356
356
516
516
515
515
762
1,641
1,789
1,789
57

1,789

1,641

762

515

516

356

600

654

362

325

148

Other Current Assets

0
0
148
0
324
0
-292
0
600
0
0
0
0
0
675
435
1,641
1,630
7,091
0

7,091

1,630

1,641

435

675

600

-292

324

148

> Long-term Assets

0
0
1,661
0
3,353
0
4,692
0
7,107
0
0
0
0
0
57,085
0
63,539
0
77,986
95,314

95,314

77,986

63,539

57,085

7,107

4,692

3,353

1,661

Property Plant Equipment

616
626
1,556
644
643
721
4,251
1,118
6,733
10,208
10,208
37,686
37,686
41,246
57,085
47,078
63,539
77,986
77,986
95,314

95,314

77,986

63,539

47,078

57,085

41,246

37,686

10,208

6,733

1,118

4,251

721

643

644

1,556

626

616

Intangible Assets

626
1,034
105
2,716
2,710
3,971
442
5,989
375
0
0
0
0
0
0
0
0
0
0
0

375

5,989

442

3,971

2,710

2,716

105

1,034

626

> Total Liabilities

422
112
112
161
161
175
175
752
752
0
948
0
21,408
0
20,612
0
24,764
0
23,896
66,827

66,827

23,896

24,764

20,612

21,408

948

752

175

161

112

422

> Total Current Liabilities

422
112
112
161
161
175
175
510
510
693
693
4,557
4,557
2,588
3,582
4,156
5,609
3,563
3,563
7,721

7,721

3,563

5,609

4,156

3,582

2,588

4,557

693

510

175

161

112

422

Short-term Debt

0
0
0
0
0
0
0
0
21
0
0
0
106
0
44
0
141
0
704
2,379

2,379

704

141

106

Accounts payable

0
46
46
161
161
106
106
489
489
467
467
1,222
1,222
923
1,278
389
525
1,650
1,650
2,586

2,586

1,650

525

389

1,278

923

1,222

467

489

106

161

Other Current Liabilities

0
14
66
0
0
43
69
0
0
83
83
2,554
2,554
1,165
2,260
1,615
4,942
404
1,209
2,756

2,756

1,209

404

4,942

1,615

2,260

1,165

2,554

> Long-term Liabilities

0
0
0
0
0
0
0
0
242
0
0
0
0
0
17,031
0
19,156
0
20,334
59,106

59,106

20,334

19,156

17,031

242

Long term Debt Total

0
0
0
0
0
0
0
0
242
0
255
0
11,810
0
11,659
0
12,343
0
17,909
48,306

48,306

17,909

12,343

11,659

11,810

255

242

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
3,045
3,045
647
647
1,850
1,850
2,425
2,425
0

2,425

1,850

647

3,045

> Total Stockholder Equity

1,672
6,341
6,341
11,285
11,261
10,249
10,249
20,849
20,849
0
20,896
0
46,512
0
66,245
0
153,239
0
144,618
107,903

107,903

144,618

153,239

66,245

46,512

20,896

20,849

10,249

11,261

11,285

6,341

1,672

Common Stock

1,056
1,733
1,733
1,994
1,990
2,014
2,014
2,375
2,375
2,402
2,402
2,772
2,772
2,849
3,943
3,553
4,796
5,285
5,285
5,376

5,376

5,285

4,796

3,553

3,943

2,849

2,772

2,402

2,375

2,014

1,990

1,994

1,733

1,056

Retained Earnings

-73,748

-37,309

-29,496

-21,855

-23,478

-16,963

-13,995

-10,877

-8,461

-4,639

-3,062

-3,069

-2,221

-671

Capital Surplus

1,287
0
5,515
0
11,020
0
11,085
0
23,793
0
24,725
0
51,472
0
53,314
0
107,708
0
143,214
143,830

143,830

143,214

107,708

53,314

51,472

24,725

23,793

11,085

11,020

5,515

1,287

Treasury Stock

Other Stockholders Equity

0
1,314
6,833
1,340
12,334
1,789
-10,385
3,142
26,936
4,646
4,646
6,263
6,263
8,665
85,780
24,134
177,940
33,428
176,641
176,274

176,274

176,641

33,428

177,940

24,134

85,780

8,665

6,263

4,646

26,936

3,142

-10,385

1,789

12,334

1,340

6,833

1,314

Balance Sheet

Currency in USD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Accounts Payable	525	1,222	574	134	46	11
Accumulated Other Comprehensive Income	-	-	-195	23,259	12,121	0
Capital Lease Obligations	567	-	266	-	-	-
Capital Stock	3,553	-	2,402	2,014	-	-
Capital Surpluse	143,260	51,472	24,725	11,085	5,515	406
Cash	112,251	-	12,238	6,794	4,644	311
Cash And Short Term Investments	112,251	29,581	13,767	6,794	4,644	311
Common Stock	4,796	2,772	2,956	2,548	1,733	856
Common Stock Shares Outstanding	185,646	-	185,646	142,827	84,960	150,783
Common Stock Total Equity	-	-	2,402	2,014	1,733	856
Intangible Assets	-	-	-	559	105	110
Inventory	-	-	-	-	0	0
Liabilities And Stockholders Equity	178,004	-	26,887	13,189	6,453	1,197
Long Term Debt	11,881	11,590	-	-	-	-
Long Term Debt Total	16,696	11,810	255	-	-	-
Net Debt	-95,451	-	-11,911	-6,794	-4,644	-311
Net Invested Capital	125,422	-	20,906	10,249	6,341	996
Net Receivables	762	516	356	654	262	18
Net Tangible Assets	113,541	46,512	20,896	10,249	5,307	713
Net Working Capital	80,656	-	10,943	5,557	4,680	128
Non Current Assets Total	63,539	-	12,565	5,937	1,661	868
Non Current Liabilities Total	19,156	-	314	134	0	0
Non Currrent Assets Other	-	-	-	0	1,661	868
Other Current Assets	1,641	-	452	-292	-114	18
Other Current Liab	4,942	2,554	266	87	61	190
Other Liab	1,850	3,045	-	-	-	-
Other Stockholder Equity	177,940	23,520	36,152	-6,970	-5,292	432
Property Plant And Equipment Gross	-	-	10,208	4,251	1,556	758
Property Plant And Equipment Net	63,539	-	12,565	5,378	1,556	758
Property Plant Equipment	47,078	37,686	10,208	4,692	626	586
Retained Earnings	-29,496	-14,299	-13,388	-5,869	-2,221	-292
Short Long Term Debt	0	-	11	-	-	-
Short Long Term Debt Total	16,800	11,810	327	-	-	-
Short Term Debt	141	106	13	-	-	-
Short Term Investments	-	-	1,528	-	-	-
Total Assets	178,004	67,921	26,887	13,189	6,453	1,197
Total Current Assets	114,465	30,235	14,322	7,252	4,792	329
Total Current Liabilities	5,609	4,557	853	221	112	201
Total Liab	24,764	21,408	1,167	221	112	201
Total Stockholder Equity	153,239	46,512	25,720	12,968	6,341	996

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31
Accounts Payable	2,586	1,650	1,650	525	389	1,278	923	1,222	1,222	467	467	489	489	106	106	161	161	46	46	-
Accumulated Other Comprehensive Income	-	-	-	-	-	-	-	-	-	-	-	-	-	23,259	-	-	-	-4	-	-
Capital Lease Obligations	8,187	2,541	-	567	-	273	-	-	-	-	-	262	-	-	-	-	-	-	-	-
Capital Stock	5,376	5,285	-	3,553	-	2,849	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	143,830	143,214	-	107,708	-	53,314	-	51,472	-	24,725	-	23,793	-	11,085	-	11,020	-	5,515	-	1,287
Cash	60,585	83,436	-	112,251	-	28,839	-	-	-	-	-	13,894	13,894	5,370	5,370	7,745	7,761	4,644	4,644	-
Cash And Short Term Investments	60,585	83,436	-	112,251	-	28,839	-	29,581	-	11,184	-	13,894	-	5,370	-	7,745	-	4,644	-	812
Common Stock	5,376	5,285	5,285	4,796	3,553	3,943	2,849	2,772	2,772	2,402	2,402	2,375	2,375	2,014	2,014	1,990	1,994	1,733	1,733	1,056
Common Stock Shares Outstanding	272,746	266,379	-	266,073	-	213,317	-	312,885	185,646	185,646	185,646	185,646	-	142,827	142,827	142,827	-	84,960	84,960	84,960
Common Stock Total Equity	-	-	-	-	-	-	-	-	-	-	-	2,375	-	2,014	-	1,990	-	1,733	-	-
Intangible Assets	-	-	-	-	-	-	-	-	-	-	-	375	5,989	442	3,971	2,710	2,716	105	1,034	626
Liabilities And Stockholders Equity	174,730	168,514	-	178,004	-	86,857	-	-	-	-	-	21,601	-	10,424	-	11,422	-	6,453	-	-
Long Term Debt	42,498	16,071	-	11,881	-	11,417	-	11,590	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	48,306	17,909	-	12,343	-	11,659	-	11,810	-	255	-	242	-	-	-	-	-	-	-	-
Net Debt	-9,900	-64,824	-	-95,451	-	-12,659	-	-	-	-	-	-13,631	-	-5,370	-	-7,745	-	-4,644	-	-
Net Invested Capital	150,401	160,689	-	125,422	-	59,281	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	57	1,789	1,789	1,641	762	515	515	516	516	356	356	600	600	654	362	325	325	148	148	39
Net Tangible Assets	-	144,618	144,618	113,541	113,541	47,865	47,865	46,512	46,512	20,896	20,896	14,860	14,860	6,278	6,278	8,569	8,569	5,307	5,307	-
Net Working Capital	71,695	86,965	-	80,656	-	18,924	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	95,314	77,986	-	63,539	-	57,085	-	-	-	-	-	7,107	-	4,692	-	3,353	-	1,661	-	-
Non Current Liabilities Total	59,106	20,334	-	19,156	-	17,031	-	-	-	-	-	242	-	0	-	-	-	-	-	-
Non Currrent Assets Other	-	-	-	-	-	-	-	-	-	-	-	7,107	-	4,692	-	0	-	-	-	-
Other Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other Current Assets	0	7,091	1,630	1,641	435	675	-	-	-	-	-	600	-	-292	-	324	-	148	-	-
Other Current Liab	2,756	1,209	404	4,942	1,615	2,260	1,165	2,554	2,554	83	83	-	-	69	43	-	-	66	14	-
Other Liab	-	2,425	2,425	1,850	1,850	647	647	3,045	3,045	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	176,274	176,641	33,428	177,940	24,134	85,780	8,665	6,263	6,263	4,646	4,646	26,936	3,142	-10,385	1,789	12,334	1,340	6,833	1,314	-
Property Plant And Equipment Gross	-	-	-	-	-	-	-	-	-	-	-	6,733	-	4,251	-	643	-	1,556	-	-
Property Plant And Equipment Net	95,314	77,986	-	63,539	-	57,085	-	-	-	-	-	6,733	-	4,251	-	643	-	1,556	-	-
Property Plant Equipment	95,314	77,986	77,986	47,078	47,078	41,246	41,246	37,686	37,686	10,208	10,208	1,118	1,118	721	721	644	644	626	626	616
Retained Earnings	-73,748	-37,309	-37,309	-29,496	-21,855	-23,478	-16,963	-13,995	-13,995	-10,877	-10,877	-8,461	-8,461	-4,639	-4,639	-3,062	-3,069	-2,221	-2,221	-671
Short Long Term Debt	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	50,685	18,612	-	16,800	-	16,179	-	11,810	-	255	-	262	-	-	-	-	-	-	-	-
Short Term Debt	2,379	704	-	141	-	44	-	106	-	-	-	21	-	-	-	-	-	-	-	-
Short Term Investments	-	-	-	-	-	-	-	-	-	1,242	-	-	-	-	-	-	-	-	-	-
Total Assets	174,730	168,514	-	178,004	-	86,857	-	67,921	-	21,844	-	21,601	21,601	10,424	10,424	11,422	11,446	6,453	6,453	2,093
Total Current Assets	79,416	90,528	90,528	114,465	84,812	29,772	21,512	30,235	30,235	11,636	11,636	14,494	14,494	5,731	5,731	8,069	8,086	4,792	4,792	851
Total Current Liabilities	7,721	3,563	3,563	5,609	4,156	3,582	2,588	4,557	4,557	693	693	510	510	175	175	161	161	112	112	422
Total Liab	66,827	23,896	-	24,764	-	20,612	-	21,408	-	948	-	752	752	175	175	161	161	112	112	422
Total Stockholder Equity	107,903	144,618	-	153,239	-	66,245	-	46,512	-	20,896	-	20,849	20,849	10,249	10,249	11,261	11,285	6,341	6,341	1,672

Cash Flow

Currency in USD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Begin Period Cash Flow	39,923	9,943	6,610	5,877	311	-
Capital Expenditures	13,660	6,286	6,373	3,948	797	96
Change In Cash	72,328	39,276	5,629	918	4,333	748
Change In Working Capital	515	536	508	-191	-220	170
Change To Account Receivables	-985	-304	-85	-214	-130	-41
Change To Inventory	-	-	-	0	0	0
Change To Liabilities	1,366	1,375	498	63	-90	448
Change To Netincome	2,101	4,539	2,929	711	1,162	61
Change To Operating Activities	-	-	413	413	413	413
Depreciation	236	126	110	112	9	6
End Period Cash Flow	112,251	29,581	12,238	6,794	4,644	311
Free Cash Flow	-23,833	-	-9,829	-6,489	-1,774	-
Investments	-10,120	-	-6,016	-3,120	-797	-
Issuance Of Capital Stock	77,244	-	13,296	5,850	-	-
Net Borrowings	-	29,914	29,914	29,914	29,914	-
Net Income	-14,021	-10,351	-7,679	-3,064	-1,929	-702
Other Cashflows From Financing Activities	-7,948	-2,915	-14	-3,948	-797	-12
Other Cashflows From Investing Activities	2	-409	38	38	38	38
Other Non Cash Items	1,161	-	-633	54	1	-
Sale Purchase Of Stock	104,870	12,318	13,296	5,850	6,107	1,050
Stock Based Compensation	1,936	-	4,238	548	1,161	-
Total Cash From Financing Activities	96,303	51,634	16,352	7,402	6,107	2,519
Total Cash From Operating Activities	-10,173	-4,614	-3,455	-2,540	-977	-228
Total Cashflows From Investing Activities	-10,120	-7,104	-6,016	-3,083	-797	-1,544

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31
Begin Period Cash Flow	-	-	-	-	-	-	-	-	-	-	13,894	4,549	6,855	8,995	10,376	3,738	4,665	32	-	-
Capital Expenditures	58,664	6,192	6,192	3,007	3,007	2,054	2,054	1,571	1,571	2,515	2,515	2,498	74	3,120	796	403	849	797	151	377
Change In Cash	-51,921	-14,535	-14,535	31,167	31,167	-4,372	-4,372	9,819	9,819	-1,975	-1,975	13,667	-2,306	-1,950	-1,072	4,173	-902	4,600	1,916	500
Change In Working Capital	-533	-6,742	-	381	-	-528	-	536	-	413	-	76	-	-151	-	-128	-	-	-	-
Change To Account Receivables	-	-2,423	-2,423	-473	-473	-19	-19	-76	-76	79	79	-121	-121	-19	-19	-88	-88	-54	-54	-
Change To Liabilities	-	-948	-948	683	683	0	0	344	344	90	90	159	159	7	7	25	25	-155	-155	-
Change To Netincome	-	2,089	2,089	1,191	1,191	-140	-140	1,394	1,394	478	478	986	986	229	229	9	9	577	577	-
Change To Operating Activities	-	-	-	245	245	-245	-245	-	-	-245	-245	206	206	-	-	-	-	-	-	-
Depreciation	1,292	116	116	49	49	39	39	32	32	11	11	67	34	22	22	7	4	2	3	2
End Period Cash Flow	-	-	-	-	-	-	-	-	-	-	-	18,217	4,549	7,045	9,304	7,911	3,763	4,631	32	-
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-2,338	-1,868	-1,458	-751	-1,486	-807	-647	-	-
Investments	-	-	-	-	-	-	-	-	-	-	-	-2,391	-107	-71	-16	-	-	-	-	-
Net Borrowings	-	-172	-172	-172	-172	-	-	7,478	7,478	2	2	-2	-2	-2	-2	-	-	-	-	-
Net Income	-47,143	-4,408	-4,408	-3,452	-3,452	-1,645	-1,645	-2,847	-2,847	-1,208	-1,208	-3,823	-1,911	-604	-604	-848	-424	-482	-758	-413
Other Cashflows From Financing Activities	-2,624	-752	-752	-2,536	-2,536	-408	-408	-729	-729	-6	-6	-4	-132	-90	-21	-385	-7	-355	-	-
Other Cashflows From Investing Activities	0	0	-	594	594	-594	-594	-409	-	19	19	19	19	38	-	-	-	-	-	-
Other Non Cash Items	-	-	-	-	-	-	-	-	-	-	-	-	-	582	582	-	-	480	-	-
Sale Purchase Of Stock	747	3	-	77,244	-	1,797	-	12,318	-	13,296	-	12,918	-	5,850	-	5,766	-	6,107	-	1,081
Total Cash From Financing Activities	22,410	-923	-923	35,188	35,188	490	490	12,909	12,909	185	185	16,741	192	82	42	5,764	2,883	5,027	2,513	1,081
Total Cash From Operating Activities	-11,233	-5,575	-5,575	-1,758	-1,758	-2,011	-2,011	-1,154	-1,154	-550	-550	-854	-854	-1,769	-527	-950	-475	-977	-387	-203
Total Cashflows From Investing Activities	-58,664	-6,192	-6,192	-2,411	-2,411	-2,648	-2,648	-1,776	-1,776	-1,759	-1,759	-1,249	-1,249	-3,083	-711	-1,699	-849	-797	-210	-377

Income Statement

Currency in USD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Cost Of Revenue	236	-	110	113	10	-
Depreciation And Amortization	-610	-	802	117	9	-
Ebit	-12,860	-10,352	-8,312	-2,741	-1,687	-684
Ebitda	-13,470	-	-7,510	-2,624	-1,678	-
Gross Profit	-236	-	-110	-	-10	2
Income Before Tax	-14,021	-5,696	-7,679	-3,059	-1,929	-292
Income Tax Expense	-1,668	-3	44	0	-	-
Interest Expense	1,721	0	14	322	242	0
Interest Income	1,097	197	192	254	242	7
Minority Interest	194	1,996	1,996	1,996	1,996	-
Net Income	-12,353	-5,695	-7,723	-3,059	-1,929	-292
Net Income Applicable To Common Shares	-10,195	-10,351	-6,238	-2,418	-1,929	-702
Net Income From Continuing Ops	-10,389	-	-6,238	-2,418	-1,929	-702
Net Interest Income	-1,275	-	39	38	242	-
Operating Income	-12,860	-5,176	-8,312	-2,741	-2,048	-285
Other Operating Expenses	12,624	10	7,871	2,737	2,048	6
Reconciled Depreciation	175	-	90	89	9	-
Selling And Marketing Expenses	338	-	198	-	-	-
Selling General Administrative	3,582	4,320	2,900	1,002	743	286
Tax Provision	0	-2	0	0	0	-
Total Operating Expenses	12,387	-	7,760	2,737	2,038	688
Total Other Income Expense Net	-1,162	-	633	-318	119	-18
Total Revenue	0	0	0	113	0	2

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31
Cost Of Revenue	-	-	-	-	-	-	-	-	22	22	22	22	-	22	22	22	-	2	2	2
Depreciation And Amortization	-	-	-	-	-	-	-	-	42	42	42	42	-	22	22	22	-	2	2	2
Ebit	-	-2,472	-2,472	-2,489	-2,489	-2,275	-2,275	-	-1,599	-1,599	-1,599	-1,599	-1,791	-541	-541	-541	-359	-512	-512	-512
Ebitda	-	-	-	-	-	-	-	-	-1,557	-1,557	-1,557	-1,557	-	-519	-519	-519	-	-509	-509	-509
Gross Profit	-	-	-	-	-	-	-	-	-22	-22	-22	-22	-	-	-	-	-	-2	-2	-2
Income Before Tax	-38,327	-8,816	-	-7,099	-	-3,290	-	-5,696	-1,560	-1,560	-1,560	-1,560	-1,911	-604	-604	-604	-424	-482	-482	-482
Income Tax Expense	-	-	-	-	-	-	-	-1	-42	-42	-42	-42	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	3	3	3	3	1	64	64	64	65	60	60	60
Interest Income	6,791	4,029	-	258	-	1,139	-	197	-	430	-	238	-	124	-	130	-	236	-	6
Minority Interest	-	-	-	-	-	-	-	1,996	1,996	1,996	1,996	-	-	-	-	-	-	-	-	-
Net Income	-38,327	-8,816	-	-6,904	-	-3,290	-	-5,695	-1,518	-1,518	-1,518	-1,518	-1,911	-604	-604	-604	-424	-482	-482	-482
Net Income Applicable To Common Shares	-38,327	-4,408	-4,408	-3,452	-3,452	-1,645	-1,645	-2,847	-2,847	-1,208	-1,208	-1,911	-1,911	-1,570	-785	-848	-424	-1,516	-758	-413
Net Income From Continuing Ops	-	-	-	-	-	-	-	-	-	-	-	-1,911	-1,911	-785	-785	-424	-424	-758	-758	-
Operating Income	-31,531	-4,944	-	-4,979	-	-4,549	-	-5,176	-1,599	-1,599	-1,599	-1,599	-1,791	-541	-541	-541	-359	-512	-512	-512
Other Operating Expenses	-	1	1	0	0	31	31	2	1,599	1,599	1,599	1,599	3	541	541	541	-	512	512	512
Reconciled Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	22	22	22	-	2	2	2
Selling And Marketing Expenses	-	-	-	-	-	-	-	-	40	40	40	40	-	-	-	-	-	-	-	-
Selling General Administrative	6,374	4,269	-	3,332	-	3,202	-	4,320	589	589	589	589	1,758	346	346	346	359	186	186	186
Tax Provision	0	0	-	0	-	-	-	-2	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-	-	-	1,576	1,576	1,576	1,576	1,791	148	148	148	359	133	133	133
Total Other Income Expense Net	-	-	-	-	-	-	-	-	39	39	39	39	-120	64	64	64	-65	-30	-30	-30
Total Revenue	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Latest Income Statement (annual, 2022-06-30)

Gross Profit (+$)
totalRevenue	0
Cost of Revenue	-236
Gross Profit	-236	-236

Operating Income (+$)
Gross Profit	-236
Operating Expense	-12,387
Operating Income	-12,860	-12,624

Operating Expense (+$)
Research Development	-
Selling General Administrative	3,582
Selling And Marketing Expenses	338
Operating Expense	12,387	3,920

Net Interest Income (+$)
Interest Income	1,097
Interest Expense	-1,721
Other Finance Cost	-651
Net Interest Income	-1,275

Pretax Income (+$)
Operating Income	-12,860
Net Interest Income	-1,275
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-14,021	-11,698 EBIT - interestExpense = -14,580 -14,021 -10,632
Interest Expense	1,721
Earnings Before Interest and Taxes (EBIT)	-12,860	-12,300
Earnings Before Interest and Taxes (EBITDA)	-13,470

After tax Income (+$)
Income Before Tax	-14,021
Tax Provision	-0
Net Income From Continuing Ops	-10,389	-14,021
Net Income	-12,353
Net Income Applicable To Common Shares	-10,195

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	12,624
Total Other Income/Expenses Net	-1,162	1,275

Technicals of Adriatic Metals Plc

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Adriatic Metals Plc Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Adriatic Metals Plc:

The Moving Average Convergence/Divergence (MACD) is -0.121. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
The MACD is lower than the signal line. This is a bearish indication. -1

Adriatic Metals Plc Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Adriatic Metals Plc:

The ADX is 19.552. Not trending. -2
The ADX is rising, a new trend could be forming. +1
The +DI is lower than the -DI. The current trend is down. -2

Adriatic Metals Plc Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The Parabolic SAR is higher than the price. The current trend is down. -2

Adriatic Metals Plc Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is below 50. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.