Olive Resrce Stock Price, News & Analysis

Olive Resource Capital Inc. (TSXV: OC) has announced its unaudited Net Asset Value (NAV) per share of C$0.064 as of August 31, 2024. The company's share price at the end of August was C$0.025. The NAV breakdown includes investments in various companies, with the largest being Black Sheep Income Corp. at C$1,262,649. Working capital and liquid investments account for C$1,777,859. The company's President, CEO, CIO, and Director, Samuel Pelaez, noted that gold prices rallied to fresh all-time highs in August, outperforming other commodities. The company's NAVPS decreased by 3.7%, primarily due to a pullback in one of its best-performing investments, Midnight Sun Mining. Olive Resource Capital did not repurchase any common shares in August under its Normal Course Issuer Bid (NCIB).

Olive Resource Capital Inc. (TSXV: OC) has announced its unaudited Net Asset Value (NAV) per share as of July 31, 2024. The company's estimated NAV is C$0.066 per share, while its share price at the end of July was C$0.025. Olive's NAV breakdown includes investments in private and public equities, working capital, and other merchant banking investments, totaling C$7,012,577.

The company's NAVPS increased by 4.2%, aligning with the TSXV Materials Index but lagging behind the XGD Gold ETF. Olive's diversified portfolio underperformed compared to gold-specific investments in July. However, management believes the portfolio is well-positioned for an expected bull market in commodities. During July, Olive did not repurchase any common shares under its Normal Course Issuer Bid (NCIB).

Olive Resource Capital announces an estimated, unaudited Net Asset Value (NAV) per share of C$0.063 as of June 30, 2024. The company’s share price at the end of June was C$0.025. Despite the NAV per share decreasing by 3.7%, it outperformed the TSXV Materials Index, which fell by 10.1%. Olive’s portfolio includes investments in Black Sheep Income Corp, Guided Therapeutics, and various public and private equity investments.

In June, Olive repurchased 2,030,000 common shares under its Normal Course Issuer Bid (NCIB) and now holds 3,030,000 shares in treasury pending cancellation. Currently, Olive has 109,174,709 common shares outstanding. The NAV value is a non-GAAP financial measure, calculated as the value of total assets minus total liabilities divided by the number of outstanding shares.

Olive Resource Capital has announced an updated, unaudited Net Asset Value (NAV) of C$0.066 per share as of May 31, 2024. The company's share price at the end of May was C$0.03. Key investments include Black Sheep Income Corp. valued at C$1,262,649 and Guided Therapeutics valued at C$371,965. The total NAV is C$7,129,651. According to CEO Samuel Pelaez, high gold and copper prices boosted the company's NAV by 5% in May. Despite declines in oil prices, investments in junior resource companies outperformed larger counterparts. No shares were repurchased under the NCIB in May, and Olive holds 1,000,000 shares in treasury pending cancellation.

On May 14, 2024, Olive Resource Capital announced its unaudited Net Asset Value (NAV) per share for April 30, 2024, at C$0.063. This is a decrease of just under 2% from the previous month due to the Nevada Zinc equity being marked to zero. As of March 31, the company's share price was C$0.025. The NAV comprises various investments, including Black Sheep Income Corp. and Guided Therapeutics Inc., with total assets valued at C$6,832,889. Olive repurchased 500,000 shares in April through its Normal Course Issuer Bid (NCIB) at an average price of C$0.025 per share, holding 1,000,000 shares pending cancellation. The company has 109,174,709 common shares outstanding. The NAV is a non-GAAP measure and should not be considered in isolation or as a substitute for GAAP metrics.