| Is Peregrine Diamonds Ltd (TSE:PGD) A Financially Sound Company? | |
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Is PGD’s debt level acceptable?With debt at 1.08% of equity, PGD may be thought of as having low leverage. PGD is not taking on too much debt commitment, which can be restrictive and risky for equity-holders. Risk around debt is extremely low for PGD, and the company also has the ability and headroom to increase debt if needed going forward. Next Steps:PGD’s low debt is also met with low coverage. This indicates room for improvement as its cash flow covers less than a quarter of its borrowings, which means its operating efficiency could be better. However, the company will be able to pay all of its upcoming liabilities from its current short-term assets. Keep in mind I haven’t considered other factors such as how PGD has been performing in the past. I recommend you continue to research Peregrine Diamonds to get a more holistic view of the stock by looking at: To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
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Peregrine Diamonds Ltd.
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EXPLORATION STAGE |
CODE : PGD.TO |
ISIN : CA7139161045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Peregrine Diamonds is a diamonds development stage company based in Canada. Peregrine Diamonds holds various exploration projects in Argentina and in Canada. Its main exploration properties are LAC DE GRAS EAST, CROSSWELL RIVER PROPERTY, MACKAY LAKE WEST, WEIR RIVER PROPERTY, NANUQ, LAC DE GRAS WEST, PELLATT LAKE PROPERTY, MIRAGE BAY - BAFFIN ISLAND, FOXE BASIN BAFFIN ISLAND, WO PROPERTY & DO-27 KIMBERLITE, NANUQ NORTH, CHIDIAK-BAFFIN ISLAND, QILAQ and MACKAY LAKE in Canada and ALTAR PORPHYRY in Argentina. Peregrine Diamonds is listed in Canada. Its market capitalisation is CA$ 79.7 millions as of today (US$ 61.3 millions, € 52.7 millions). Its stock quote reached its highest recent level on October 02, 2009 at CA$ 4.65, and its lowest recent point on February 12, 2016 at CA$ 0.09. Peregrine Diamonds has 339 329 984 shares outstanding. |