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Last C$0.19 CAD
Change Today +0.005 / 2.78%
Volume 13.0K
As of 12:33 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

alderon iron ore corp (ADV) Snapshot

Open
C$0.18
Previous Close
C$0.18
Day High
C$0.19
Day Low
C$0.18
52 Week High
09/2/14 - C$1.20
52 Week Low
07/31/15 - C$0.17
Market Cap
24.4M
Average Volume 10 Days
45.8K
EPS TTM
C$-0.04
Shares Outstanding
132.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ALDERON IRON ORE CORP (ADV)

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alderon iron ore corp (ADV) Details

Alderon Iron Ore Corp. engages in the acquisition, exploration, and development of mineral properties. It primarily focuses on developing the Kami property that comprises approximately 305 claim units covering 7,625 hectares located in Western Labrador, Canada. The company was formerly known as Alderon Resource Corp. and changed its name to Alderon Iron Ore Corp. in September 2011. Alderon Iron Ore Corp. was incorporated in 1978 and is headquartered in Vancouver, Canada.

29 Employees
Last Reported Date: 03/27/15
Founded in 1978

alderon iron ore corp (ADV) Top Compensated Officers

Co-Founder, Non-Executive Chairman and Chief ...
Total Annual Compensation: --
Interim Chief Financial Officer
Total Annual Compensation: C$175.0K
Chief Operating Officer
Total Annual Compensation: C$284.8K
Executive Vice President of Project Delivery
Total Annual Compensation: C$262.8K
Compensation as of Fiscal Year 2014.

alderon iron ore corp (ADV) Key Developments

Alderon Iron Ore Corp. Announces Management Changes

Alderon Iron Ore Corp. announced that Mr. Tayfun Eldem will transition from his current role as President & Chief Executive Officer of the company to become the Vice Chairman of the company effective August 24. Mr. Mark Morabito will transition from his role as Executive Chairman to become Non-Executive Chairman and Chief Executive Officer. Mr. Eldem has been instrumental in advancing the company from the exploration stage to the point where the necessary regulatory approvals have been received, contracts for port and power secured, stakeholder agreements concluded and the company has completed the required pre-construction engineering on the Kami Project, such that it is ready for construction. In his role as Vice Chairman, the company will have continued access to Mr. Eldem's advice and expertise in operational, technical and commercial matters as it pursues its financing and value-engineering objectives. Going forward, Mr. Morabito will be focused on the following initiatives: continuing to spearhead the company's financing plan, working with Mr. Eldem and Alderon's partner Hebei Iron &Steel Group Co. Ltd., to re-cope the capital and operating costs of the Kami Project in order to identify savings that have arisen from the current depressed state of the market and changes in ownership and management of assets in the Labrador Trough, and evaluating strategic alternatives for the company.

Alderon Iron Ore Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Alderon Iron Ore Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported loss from operations of CAD 1,843,442 compared to CAD 5,118,803 a year ago. Net loss and comprehensive loss attributable to the owners of the parent was CAD 2,371,986 compared to CAD 4,788,915 a year ago. Basic and diluted loss per share was CAD 0.01 compared to CAD 0.03 a year ago. Net cash used in operating activities was CAD 1,031,864 compared to CAD 1,264,265 a year ago. Additions to mineral properties were CAD 4,329 compared to CAD 14,938,639 a year ago. For the six months, the company reported loss from operations of CAD 4,662,834 compared to CAD 7,440,624 a year ago. Net loss and comprehensive loss attributable to the owners of the parent was CAD 5,633,518 compared to CAD 6,747,229 a year ago. Basic and diluted loss per share was CAD 0.02 compared to CAD 0.04 a year ago. Net cash used in operating activities was CAD 4,106,267 compared to CAD 4,492,064 a year ago. Additions to mineral properties were CAD 1,029,123 compared to CAD 27,188,586 a year ago.

Alderon Iron Ore Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Alderon Iron Ore Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company has posted loss from operations of CAD 2,779,392 against CAD 2,321,821 a year ago. Net loss and comprehensive loss was CAD 3,261,532 against CAD 1,958,314 a year ago. Loss attributable to owners of the parent was CAD 1,630,115 or CAD 0.01 basic and diluted per share against CAD 1,234,062 or CAD 0.01 basic and diluted per share a year ago. Net cash used in operating activities was CAD 3,074,403 against CAD 3,227,799 a year ago. Additions to mineral properties were CAD 1,024,794 against CAD 12,249,947 a year ago. Purchases of property, plant and equipment, net of disposals was CAD 29,329 against CAD 13,275.

 

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Industry Analysis

ADV

Industry Average

Valuation ADV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
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