ECMLF Ecometals Ltd featured news, full reports, and detailed charts
Ecometals Ltd (ECMLF/ECMLF.PK) Wrap Up:
Ecometals Limited, a junior mining company, engages in the exploration and development of base and precious metals and ferroalloy properties primarily in South America. It holds interests in the Serra do Navio manganese mine and the Matapi iron ore project located in Brazil; and the Condor gold project, the Rio Zarza gold project, the Santa Barbara gold porphyry copper deposit, and the El Hito porphyry style copper-molybdenum mineralization located in Ecuador. The company was formerly known as Goldmarca Limited and changed its name to Ecometals Limited in October 2007. Ecometals Limited is based in Vancouver, Canada.Ecometals Ltd (ECMLF:Pink OTC Markets Inc)
Snapshot of Ecometals Ltd (ECMLF)
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OPEN
$0.82
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PREVIOUS CLOSE
$0.76
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DAY HIGH
$0.82
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DAY LOW
$0.75
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52 WEEK HIGH
11/12/09 - $0.85
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52 WEEK LOW
12/29/08 - $0.03
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MARKET CAP
41.5M
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AVERAGE VOLUME 3 mo
29.2K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
55.3M
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ECMLF Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
ECMLF Top Compensated Officers
Executives, Board Directors
Key developments for Ecometals Ltd (ECMLF)
Ecometals Ltd. announced receipt of the final approval resolution for its Environmental Management Plan and also the renewal of its Environmental Bond. This approval is the last major step ahead of consent to commence its drilling at Rio Zarza. There will now follow, in conjunction with the Ministry of Mines and the local communities within its area of influence, a Community Relations diffusion process to present and explain the project. The Rio Zarza Gold Project is located north of Zamora, the district capital of Zamora Chinchipe province, southeastern Ecuador. The project adjoins the Kinross (formerly Aurelian) exploration license which covers the Fruta del Norte epithermal deposit.
Ecometals Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2009. For the quarter, the company's net loss and comprehensive loss was CAD 909,427 or CAD 0.02 per share compared to CAD 1,939,182 or CAD 0.04 per share for the prior year quarter. The company's sales were CAD 1,189,168. Loss before future income tax was CAD 1,200,427 compared with CAD 2,190,182 for the prior year quarter. Net cash used in operating activities was CAD 1,165,438 compared with CAD 2,535,167 for the prior year quarter.
Ecometals Ltd. announced positive progress in obtaining necessary permits for diamond drill testing on the Rio Zarza Gold Project of anomalous geophysical and geochemistry results and structural scenario analogous to Kinross' neighbouring Fruta del Norte Gold Deposit. In anticipation of the imminent approval of these permits, Ecometals is taking the following actions preparing for the start of 1200m of diamond drill testing of combined geological, structural, geochemical and geophysical anomalies, requests for proposals from and negotiations with international and local Ecuador-based drilling contractors, camp refurbishment, including expansion for labour accommodation, core storage and logging shed, direct impact local community meetings to inform about drilling programme and environmental protection measures, local hiring in direct impact communities of labour and technical personnel, refinement of drilling targets, combining geophysics, soil and rock geochemistry, mapped geology and structure.
ECMLF Competitors
| Company | Last | Change | |
| No competitor information is available for ECMLF. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | ECMLF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 37.5x |
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| Price/Book | 1.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 41.2x |
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ECMLF |
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ECMLF transactions
| Type Date |
Target |
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Private Placement
October 9, 2009 |
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