Golden Spike Resources (XCNQ:GLDS) Price-to-Tangible-Book : 1.76 (As of May. 26, 2024)

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What is Golden Spike Resources Price-to-Tangible-Book?

As of today (2024-05-26), Golden Spike Resources's share price is C$0.19. Golden Spike Resources's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was C$0.11. Hence, Golden Spike Resources's Price to Tangible Book Ratio of today is 1.76.

The historical rank and industry rank for Golden Spike Resources's Price-to-Tangible-Book or its related term are showing as below:

XCNQ:GLDS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.65 Med: 1.46 Max: 4
Current: 1.73

During the past 4 years, Golden Spike Resources's highest Price to Tangible Book Ratio was 4.00. The lowest was 0.65. And the median was 1.46.

XCNQ:GLDS's Price-to-Tangible-Book is ranked worse than
58.4% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs XCNQ:GLDS: 1.73

A closely related ratio is called PB Ratio. As of today, Golden Spike Resources's share price is C$0.19. Golden Spike Resources's Book Value per Sharefor the quarter that ended in Feb. 2024 was C$0.11. Hence, Golden Spike Resources's P/B Ratio of today is 1.76.

Golden Spike Resources Price-to-Tangible-Book Historical Data

The historical data trend for Golden Spike Resources's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Golden Spike Resources Price-to-Tangible-Book Chart

Golden Spike Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Price-to-Tangible-Book

1.46

1.28

Golden Spike Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Price-to-Tangible-Book	Get a 7-Day Free Trial								1.19	1.50	1.28	0.65	0.65

Competitive Comparison of Golden Spike Resources's Price-to-Tangible-Book

For the Other Precious Metals & Mining subindustry, Golden Spike Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Golden Spike Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Golden Spike Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Golden Spike Resources's Price-to-Tangible-Book falls into.

Golden Spike Resources Price-to-Tangible-Book Calculation

Golden Spike Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Feb. 2024 )
	=	0.19	/	0.108
	=	1.76

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Golden Spike Resources Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Golden Spike Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Spike Resources (XCNQ:GLDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Spike Resources Corp (XCNQ:GLDS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GSPRF:USA

Address

830 - 1100 Melville Street, Vancouver, BC, CAN, V6E 4A6

Website

https://www.goldenspikeresources.com

Golden Spike Resources Corp is a mineral exploration company and its principal business is the acquisition and exploration of mineral properties with a focus on Canada. The company's property is the Camping Lake Project, consisting of five contiguous mineral claims covering an area of approximately 2,132.4 Ha northwest of Ear Falls in the Province of Ontario.

Executives

Blair Lawrence Naughty

10% Security Holder

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