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McChip Resources Inc (V:MCS)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
Company Contact
Address: Box 18 - Richmond Adelaide Centre
Suite 1910, 130 Adelaide Street West
Tel: N/A
Website: N/A
Key People
Richard D. Mccloskey
President, Chief Executive Officer, Director
Edward G. Dumond
Chief Financial Officer, Corporate Secretary, Director
Business Overview
McChip Resources Inc. is a Canada-based company, which is engaged in the natural resource industry. The Company invests in petroleum interests in Western Canada and indirect interests in minerals. The indirect interests are in the form of marketable securities and investments in other companies, which are listed on recognized exchanges.
Financial Overview
For the nine months ended 30 September 2023, McChip Resources Inc revenues increased from -C$2.4M to C$82K. Net loss increased 52% to C$752K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects General/Administration increase of 16% to C$532K (expense), Amortization increase from C$5K to C$21K (expense).
Employees: 4 as of Dec 31, 2005
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.65M as of Sep 30, 2023
EBITDA (TTM): -$0.13M as of Sep 30, 2023
Net annual income (TTM): -$0.63M as of Sep 30, 2023
Free cash flow (TTM): -$0.49M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 5,710,096 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization