Anthony Weldon - McChip Resources Independent Director

MCS Stock  CAD 0.75  0.10  11.76%   

Director

Mr. Anthony D. Weldon is an Independent Director of McChip Resources, Inc. He is self employed in the finance industry. Prior thereto he was a Vice President of a brokerage company. Mr. Weldon had been engaged in the investment industry servicing the equity markets for institutional clients for in excess of 20 years. since 1996.
Tenure 28 years
Address 130 Adelaide Street West, Toronto, ON, Canada, M5H 3P5
Phone416 364 2173

McChip Resources Management Efficiency

The company has return on total asset (ROA) of 0.1701 % which means that it generated a profit of $0.1701 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3435 %, meaning that it generated $0.3435 on every $100 dollars invested by stockholders. McChip Resources' management efficiency ratios could be used to measure how well McChip Resources manages its routine affairs as well as how well it operates its assets and liabilities. At this time, McChip Resources' Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to climb to 0.06 in 2024, despite the fact that Return On Capital Employed is likely to grow to (0.04). At this time, McChip Resources' Non Current Assets Total are fairly stable compared to the past year. Non Currrent Assets Other is likely to climb to about 1.2 M in 2024, whereas Net Tangible Assets are likely to drop slightly above 5.7 M in 2024.
McChip Resources has accumulated 1.78 M in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. McChip Resources has a current ratio of 8.37, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist McChip Resources until it has trouble settling it off, either with new capital or with free cash flow. So, McChip 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 McChip Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for McChip to invest in growth at high rates of return. When we think about McChip Resources' use of debt, we should always consider it together with cash and equity.
McChip Resources Inc. operates in the natural resource industry in Canada. McChip Resources Inc. was incorporated in 1935 and is based in Toronto, Canada. Mcchip Resources is traded on Commodity Exchange in Exotistan. McChip Resources (MCS) is traded on TSX Venture Exchange in Canada and employs 7 people. McChip Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

McChip Resources Leadership Team

Elected by the shareholders, the McChip Resources' board of directors comprises two types of representatives: McChip Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of McChip. The board's role is to monitor McChip Resources' management team and ensure that shareholders' interests are well served. McChip 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, McChip Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Edward Dumond, Chief Financial Officer, Corporate Secretary, Director
Douglas Bolton, Director
Gordon McCreary, Independent Director
Timothy Gould, Independent Director
Richard McCloskey, President, Chief Executive Officer, Director
Anthony Weldon, Independent Director
AGeorge Matthew, Independent Director

McChip Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is McChip 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.

Thematic Opportunities

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Additional Tools for McChip Stock Analysis

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