Our data indicates that ValOre Metals had CA$3,935,889 more in total liabilities than it had cash, when it last reported in December 2018. ValOre Metals has already given some investors a taste of the bitter losses that high risk investing can cause. While some such companies do very well over the long term, others become hyped up by promoters before eventually falling back down to earth, and going bankrupt (or being recapitalized). There is almost always a chance they will need to raise more capital, and their progress - and share price - will dictate how dilutive that is to current holders. It seems likely some shareholders believe that ValOre Metals will discover or develop fossil fuel before too long.Īs a general rule, if a company doesn't have much revenue, and it loses money, then it is a high risk investment. So it seems shareholders are too busy dreaming about the progress to come than dwelling on the current (lack of) revenue. This state of affairs suggests that venture capitalists won't provide funds on attractive terms. ValOre Metals didn't have any revenue in the last year, so it's fair to say it doesn't yet have a proven product (or at least not one people are paying for). See our latest analysis for ValOre Metals Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! While a drop like that is definitely a body blow, money isn't as important as health and happiness. The falls have accelerated recently, with the share price down 41% in the last three months. And some of the more recent buyers are probably worried, too, with the stock falling 77% in the last year.
( CVE:VO) for five whole years - as the share price tanked 92%. Spare a thought for those who held ValOre Metals Corp.
We don't wish catastrophic capital loss on anyone.
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