The Ret. on equity of Treasury Metals Inc. is -11.96%
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Treasury Metals Inc. engages in the exploration and evaluation of mineral resources in Canada. The company explores for gold, silver, copper, lead, and zinc deposits. Its flagship asset is the Goliath gold project comprising 126 contiguous unpatented mining claims and 23 patented land parcels, as well as 3 mining leases covering approximately 5,049 hectares located near the city of Dryden in northwestern Ontario. The company was formerly known as Divine Lake Exploration Inc. and changed its name to Treasury Metals Inc. in November 2007. Treasury Metals Inc. was incorporated in 1997 and is headquartered in Toronto, Canada.