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Petrolympic Ltd. (V:PCQ)

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

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 77 King Street West, Suite3000
TORONTO ON M5K 1G8
Tel: 1-845-6560184
Website: https://www.petrolympic.com
IR: See website
Key People
Mendel Ekstein
President, Chief Executive Officer, Director
Carmelo Marrelli
Chief Financial Officer
Andreas Jacob
Vice President, Director
Business Overview
Petrolympic Ltd. is a Canada-based gold and lithium mining company. The Company is focused on its lithium exploration assets in the James Bay region, Basserode and Fourniere in Abitibi region as well as its gold exploration assets at Vauquelin and Rayon d'Or in the Val d'Or region, all in the Province of Quebec, Canada. The Li-1 and Li-2 Properties are located in the James Bay - Eeyou Itschee area, approximately 125 kilometers (km) north of the town of Chibougamau. The Basserode and Fourniere Lithium Properties are located in the Abitibi-Temiscamingue region, southwest of the Val d'Or mining camp, Quebec. Its Belcourt Property consists of 125 claims distributed in four blocks (Belcourt North, South, Central and West blocks), all proximal to one another and covering a total of 5,479 hectares. Its Rayon d'Or and Vauquelin Gold Properties are located within a gold mining camp in Northwestern Quebec, in the center of Vauquelin township (NTS 32C03), over 40 km east of the town of Val d'Or.
Financial Overview
For the nine months ended 30 September 2023, Petrolympic Ltd revenues was not reported. Net loss increased 25% to C$1M. Higher net loss reflects Exploration and evaluation expenditures increase of 83% to C$773K (expense), Share-based payment increase from C$61K to C$241K (expense), Administrative and general increase of 47% to C$26K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $8.79M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$1.37M as of Sep 30, 2023
Net annual income (TTM): -$1.19M as of Sep 30, 2023
Free cash flow (TTM): -$0.70M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 133,739,927 as of Jan 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization