glass earth gold ltd (GEL:Venture)
glass earth gold ltd (GEL) Snapshot
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Open
C$0.06
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Previous Close
C$0.06
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Day High
C$0.06
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Day Low
C$0.06
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52 Week High
10/2/12 - C$0.32
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52 Week Low
05/17/13 - C$0.05
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Market Cap
5.8M
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Average Volume 10 Days
154.9K
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EPS TTM
C$-0.05
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Shares Outstanding
105.7M
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EX-Date
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P/E TM
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Dividend
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Dividend Yield
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Related News
glass earth gold ltd (GEL) Related Businessweek News
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Glass Earth Gold Limited, a development stage company, engages in the acquisition, exploration, development, and production of mineral properties in New Zealand. It primarily explores for gold and silver. The company is exploring gold prospects across a land position of approximately 10,000 square kilometers in the North and South Islands. Glass Earth Gold Limited focuses its exploration efforts on prospective gold regions, including Hauraki gold region, Mamaku gold region, Central volcanic region, and Otago region. The company was formerly known as Glass Earth Limited and changed its name to Glass Earth Gold Limited in December 2007. Glass Earth Gold Limited is headquartered in Wellington, New Zealand.
glass earth gold ltd (GEL) Top Compensated Officers
glass earth gold ltd (GEL) Key Developments
Glass Earth Gold Limited announced the results of the drill holes 36 and 37 at the WKP gold-silver prospect, Hauraki, New Zealand and the commencement of its 2013 diamond drill program. Holes 36 and 37 carry modest grade intersections, and bring useful information on the structure of the mineralised system that occurs at WKP and contribute to narrowing down targets for the current drilling campaign. After a period of three months when drilling has been interrupted due to the drought conditions prevailing in New Zealand, Glass Earth announced the commencement of the 2013 drill program at WKP. This marks a further step forward in the development of this project, where several broad zones of 100m of 1 g/t gold and silver, and significant high grade intersections 3-9m of 15-60 g/t gold and silver have encouraged the exploration team. Results to date have demonstrated that the WKP project as a whole represents a very large gold mineralised system. The planned 2,400m drilling programme focusses on testing the under-explored EG structure, both along strike and up and down dip. The 2013 work program is budgeted to cost approximately CAD 2.3 million (Glass Earth Gold's share CAD 0.8 million), and is to include project-first resource estimates.
Glass Earth Gold Limited announced earnings results for the year ended December 31, 2012. For the year, the company reported revenue of CAD 2,976,000 against CAD 752,000 a year ago. Net loss for the year was CAD 11,135,000 against CAD 1,714,000 a year ago. Operating loss was CAD 1,443,000 against CAD 1,260,000 a year ago.
Glass Earth Gold Limited filed its Annual on Apr 12, 2013 for the period ending Dec 31, 2012. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
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| GEL:CN | C$0.06 CAD | -0.005 | |
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Industry Analysis
GEL
Industry Average
| Valuation | GEL | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.4x |
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| Price/Book | 0.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.8x |
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To contact GLASS EARTH GOLD LTD, please visit www.glassearthlimited.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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