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Asbestos Corporation Limited (V:AB.H)

Business Focus: Specialty Mining & Metals (NEC)

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Insider Chart - Past 6 Months

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Insider Filings

Latest 10 SEDI filings for AB within the last 6 months
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Company News

May 26, 2022 16:25 ET
Asbestos Corporation Limited Announces Changes to its Board of Directors
THETFORD MINES, QC, May 26, 2022 /CNW Telbec/ - Asbestos Corporation Limited announced today that, at its Annual Meeting of Shareholders held on May 26, 2022 in Thetford Mines, Quebec, Mr. Jean-François Boulet and Mrs. Chantal Grenier were elected to the Board of Directors in replacement of Messrs. Clément Godbout and Laurent Langevin.
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Aug 30, 2021 13:33 ET
Strategic partnership between a subsidiary of Asbestos Corporation Limited and ECO2 Magnesia Inc.
THETFORD MINES, QC, Aug. 30, 2021 /CNW Telbec/ - Mazarin Inc. (TSXV: MAZ.H) and its subsidiary, Asbestos Corporation Limited (TSXV: AB.H), announce that 3R Minéral Inc., a wholly-owned subsidiary of the latter, has concluded a partnership agreement with ECO2 Magnesia Inc. towards the production of magnesium oxide in the Chaudière-Appalaches region.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
0.61
10.58
5.27
Price to Book - most recent quarter
--
2.67
2.08
Price to Cash Flow per share - TTM
--
7.62
8.02
Price to Free Cash Flow per share - TTM
21.15
11.23
16.46
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jun 15, 2022220
Apr 30, 20224,2610
Dec 31, 196900
See Short Report

Business Summary

Sector:  Basic Materials Industry:  Specialty Mining & Metals

Asbestos Corporation Limited (ACL) is a Canada-based company, which is focused on owning and maintaining its mining assets. The Company owns gigantic tailings piles in the Thetford Mines region. The Company has produced serpentine tailings, which contain several minerals, mainly magnesium from the chrysotile mining operations. The Company intends to implement new energy sources, such as wind and solar power. Its strategic development plan includes potential for carbon dioxide (CO2) sequestration from the carbonation of its mine tailings. The Company's sources of revenue include building rental, sale of land and mining equipment, and royalties originating from the exploitation of the Company's granite quarry by an independent contractor.

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