Last $0.17 USD
Change Today 0.00 / 0.00%
Volume 0.0
MAAFF On Other Exchanges
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As of 8:10 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

magindustries corp (MAAFF) Snapshot

Open
$0.17
Previous Close
$0.17
Day High
$0.17
Day Low
$0.17
52 Week High
09/2/14 - $0.21
52 Week Low
06/17/14 - $0.14
Market Cap
124.7M
Average Volume 10 Days
750.0
EPS TTM
--
Shares Outstanding
755.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGINDUSTRIES CORP (MAAFF)

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magindustries corp (MAAFF) Details

MagIndustries Corp., together with its subsidiaries, is engaged in forestry and mineral mining businesses in the Republic of Congo (ROC). It owns and operates 68,000 hectare eucalyptus fibre congo, a sustainable and renewable forestry business in Pointe-Noire, ROC, which supplies wood chips to customers in the pulp and paper, and fiberboard industry in the European and North African market. The company explores for and develops potash resource properties. Its principal asset comprises rights relating to the Mengo Potash Project and an approximately 1,500 square kilometre area located in Pointe-Noire, ROC. The company focuses on the construction and commissioning of a 1.2 million tones per year potash plant on the Mengo Permit Area to produce primarily agricultural-grade potash fertilizers for South America, South Africa, and Europe markets located in the Atlantic port city of Pointe-Noire, ROC. The company was formerly known as Magnesium Alloy Corporation and changed its name to MagIndustries Corp. in January 2005. MagIndustries Corp. is headquartered in Toronto, Canada.

315 Employees
Last Reported Date: 03/31/14

magindustries corp (MAAFF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$350.0K
Chief Financial Officer
Total Annual Compensation: C$123.4K
Director of Investor Relations & Corporate De...
Total Annual Compensation: C$163.6K
Vice President of Mining & Development
Total Annual Compensation: C$236.9K
Technical Advisor of Engineering & Developmen...
Total Annual Compensation: C$278.4K
Compensation as of Fiscal Year 2013.

magindustries corp (MAAFF) Key Developments

Magindustries Corp. Announces the Sign of Loan Agreements

MagIndustries Corp. announced that the loan agreements approved at the Special Meeting of shareholders held on May 7, 2014. The first loan agreement, which has been fully drawn, is for a principal amount of CAD 53 million, bearing 10% interest, maturing December 31, 2015. The second loan is for a principal amount of CAD 80 million of which CAD 31 million has already been advanced. The loan bears interest of 10% and matures on December 31, 2015.

MagIndustries Corp., Annual General Meeting, Jun 27, 2014

MagIndustries Corp., Annual General Meeting, Jun 27, 2014., at 10:00 US Eastern Standard Time. Location: Fogler, Rubinoff LLP, Suite 3000. Agenda: To consider the financial statements of the corporation for the year ended December 31, 2013, together with the report of the auditors thereon; to elect directors for the ensuing year; to re-appoint auditors of the corporation for the ensuing year and authorize the directors to fix their remuneration; and to transact such other business as may properly come before the meeting.

MagIndustries Corp. Auditor Raises 'Going Concern' Doubt

MagIndustries Corp. filed its Annual on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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MAAFF

Industry Average

Valuation MAAFF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 53.1x
Price/Book 2.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 16.9x
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