Gander Gold (XCNQ:GAND) Scaled Net Operating Assets : 0.98 (As of Mar. 2024)

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What is Gander Gold Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Gander Gold's operating assets for the quarter that ended in Mar. 2024 was C$11.60 Mil. Gander Gold's operating liabilities for the quarter that ended in Mar. 2024 was C$0.24 Mil. Gander Gold's Total Assets for the quarter that ended in Dec. 2023 was C$11.58 Mil. Therefore, Gander Gold's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.98.

Gander Gold Scaled Net Operating Assets Historical Data

The historical data trend for Gander Gold's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gander Gold Scaled Net Operating Assets Chart

Gander Gold Annual Data

Trend

Jun21

Jun22

Jun23

Scaled Net Operating Assets

0.41

1.03

1.08

Gander Gold Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Scaled Net Operating Assets	Get a 7-Day Free Trial						0.85	0.87	0.93	0.96	0.98

Competitive Comparison of Gander Gold's Scaled Net Operating Assets

For the Gold subindustry, Gander Gold's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gander Gold's Scaled Net Operating Assets Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gander Gold's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Gander Gold's Scaled Net Operating Assets falls into.

Gander Gold Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Gander Gold's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jun. 2023 )
=	(Operating Assets (A: Jun. 2023 )	-	Operating Liabilities (A: Jun. 2023 ))	/	Total Assets (A: Jun. 2022 )
=	(11.355	-	0.598)	/	9.932
=	1.08

where

	Operating Assets		(A: Jun. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	11.928	-	0.573
=	11.355

	Operating Liabilities		(A: Jun. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.598	-	0	-	0
=	0.598

Gander Gold's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(11.602	-	0.237)	/	11.579
=	0.98

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	11.62	-	0.018
=	11.602

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	0.862	-	0	-	0.625
=	0.237

Gander Gold Scaled Net Operating Assets Related Terms

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Gander Gold Business Description

Industry

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Traded in Other Exchanges

GANDF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.gandergold.com

Gander Gold Corp is an exploration stage resource company engaged in the identification, acquisition, and exploration of precious and base metals projects in Canada. Its focus is the prospective ground in the Central Newfoundland Gold Belt, on Canada's Atlantic coast. The company's projects in Newfoundland include Gander North, Mt. Peyton, Cape Ray II, BLT, Carmanville Gander South, Hermitage, and Little River.

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