Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Operating across Canada with its subsidiaries, West Mining Corp. is a mineral exploration enterprise primarily focused on gold discovery. Its cornerstone asset is the wholly-owned Kena gold-copper project, a sprawling 9,000-hectare venture. This significant undertaking, encompassing the Kena, Daylight, and Athabasca Properties, is strategically located in southeastern British Columbia. Founded in 2017 and headquartered in Vancouver, Canada, the company rebranded as West Mining Corp. in November 2020, having previously traded as Ironwood Capital Corp.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. Specifically, the stock is undervalued on EV/EBITDA.