Lorne Brown - Lovitt Resources CEO

LRCFF Stock  USD 0.01  0.00  0.00%   

CEO

Mr. C. Lorne Brown is President, Chief Executive Officer, Director of Lovitt Resources Inc. He was involved with the company since 1981 when he took the company public as a broker with a Canadian brokerage firm. He became President of the company in 2002, and was working since then towards building the company to a level that will allow him to present the company to his numerous financial contacts in North America and Europe. He is formally trained in mathematics and economics, with 30 years experience in VC. since 2006.
Tenure 19 years
Phone604-725-9952
Webhttps://lovittresources.com

Lovitt Resources Management Efficiency

The company has return on total asset (ROA) of (0.118) % which means that it has lost $0.118 on every $100 spent on assets. This is way below average. Lovitt Resources' management efficiency ratios could be used to measure how well Lovitt Resources manages its routine affairs as well as how well it operates its assets and liabilities.
Lovitt Resources has accumulated 1.41 M in total debt. Lovitt Resources has a current ratio of 0.08, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Lovitt Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Lovitt Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Lovitt Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Lovitt to invest in growth at high rates of return. When we think about Lovitt Resources' use of debt, we should always consider it together with cash and equity.

Similar Executives

Found 2 records

CEO Age

Julie SmolyanskyLifeway Foods
50
Gary PilnickWK Kellogg Co
60
Lovitt Resources Inc., through its subsidiary, Lovitt Mining Company, Inc., focuses on the acquisition, exploration, and development of gold and silver properties in the United States and Canada. Lovitt Resources Inc. was incorporated in 1980 and is based in Surrey, Canada. Lovitt Resources is traded on OTC Exchange in the United States. Lovitt Resources [LRCFF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Lovitt Resources Leadership Team

Elected by the shareholders, the Lovitt Resources' board of directors comprises two types of representatives: Lovitt Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lovitt. The board's role is to monitor Lovitt Resources' management team and ensure that shareholders' interests are well served. Lovitt Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lovitt Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Lorne Brown, CEO and President Director, Member of Audit Committee and President of Lovitt Mining Company and General Manager of Lovitt Mining Company
Dominic Lapenna, CFO, Secretary, Director and Member of Compensation Committee

Lovitt Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Lovitt Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Lovitt OTC Stock

Lovitt Resources financial ratios help investors to determine whether Lovitt OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lovitt with respect to the benefits of owning Lovitt Resources security.