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Lovitt Resources Inc (V:LRC)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 1942 167 Street
SURREY BC V3S 9R4
Tel: N/A
Website: lovittresources.com
IR: See website
Key People
C. Lorne Brown
President, Chief Executive Officer, Director
Dominic Lapenna
Chief Financial Officer, Secretary, Director
 
Business Overview
Lovitt Resources Inc. focuses on developing gold resources in North America and other jurisdictions. The Company owns a Washington State subsidiary, Lovitt Mining Corporation, Inc. (Lovitt Mining). The Company's principal business activity is the sourcing and exploration of mineral properties. The Company, through its subsidiary, Lovitt Mining Corporation, Inc., has assets in Wenatchee, Washington State, consisting of approximately 250 acres of real estate, mineral rights to over 670 acres, water rights, gold and silver mine workings, and a Wenatchee Gold Belt database.
Financial Overview
For the nine months ended 31 March 2023, Lovitt Resources Inc revenues was not reported. Net loss decreased 54% to $79K. Lower net loss reflects Professional fees decrease of 26% to $11K (expense), Transfer Agent and filing fees decrease of 56% to $2K (expense), Interest on demand loans decrease of 1% to $52K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.01.
Reporting Currency: U.S. Dollars
Enterprise value: $3.11M as of Mar 31, 2023
Annual revenue (TTM): $0.00M as of Mar 31, 2023
EBITDA (TTM): -$0.25M as of Mar 31, 2023
Net annual income (TTM): -$0.22M as of Mar 31, 2023
Free cash flow (TTM): -$0.10M as of Mar 31, 2023
Net Debt Last Fiscal Year: $1.92M as of Mar 31, 2023
Shares outstanding: 14,917,973 as of Mar 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization