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EarthRenew Inc. (ERTH.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.30000.0000 (0.00%)
As of 9:36AM EDT. Market open.
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Neutralpattern detected
Previous Close0.3000
Open0.2800
Bid0.2750 x 0
Ask0.3000 x 0
Day's Range0.2800 - 0.3000
52 Week Range0.0200 - 0.4250
Volume47,000
Avg. Volume165,884
Market Cap13.347M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.0560
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • GlobeNewswire

      EarthRenew Closes First Tranche of Private Placement

      TORONTO, July 24, 2020 (GLOBE NEWSWIRE) -- EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is pleased to announce that it has closed its first tranche of a previously announced non-brokered private placement financing of units (each, a “Unit”) at a price of $0.30 per Unit (the “Offering”) for gross proceeds of $2,093,352 (the “First Tranche”). For more information on the Offering, please see the Company’s press release dated June 9, 2020, which is available under the Company’s profiles on SEDAR at www.sedar.com and www.thecse.com. Pursuant to the First Tranche, EarthRenew issued 6,977,840 Units at a price of $0.30 per Unit. Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”), entitling the holder to acquire one additional Common Share at an exercise price of $0.45 for a period of 24 months from issuance. If at any time after four months and one day from the closing of the First Tranche, the Common Shares trade at $0.90 per Common Share or higher on the Canadian Securities Exchange (“CSE”) for a period of 30 consecutive days, the Company will have the right (but not the obligation) to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.  The securities issued in connection with the First Tranche are subject to a statutory four month hold period, which expires on November 25, 2020. Finder’s fees were paid in accordance with the policies of the CSE to Haywood Securities Inc. and PI Financial Corp. consisting of cash commissions equal to $17,923.50 and $61,600.01, respectively, and 59,745 and 205,333 finder warrants (“Finder Warrants”), respectively. Each Finder Warrant entitles the holder thereof to purchase one Common Share at a price of $0.45 per Common Share for a period of 24 months, expiring on July 24, 2022.The net proceeds of the First Tranche are expected to be used for costs incurred for capital equipment purchases, engineering and construction costs for the redevelopment of the Strathmore facility, feasibility studies on future projects, field and research trials, market development activities, working capital for the ramp-up of our operations at the Strathmore facility and general corporate purposes. The Company is working diligently towards closing the second and final tranche of the Offering as soon as practicable.Certain directors and officers of the Company subscribed for Units pursuant to the First Tranche (the “Insider Participation”). The Insider Participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. The Company did not file a material change report more than 21 days before closing the First Tranche as the details of the abovementioned Insider Participation were not settled until shortly prior to closing, and the Company wished to close the First Tranche on an expedited basis.About EarthRenewEarthRenew transforms livestock waste into a high-performance organic fertilizer to be used by organic and traditional growers in Canada and the United States. Located on a 25,000 head cattle feedlot, our flagship Strathmore plant is capable of producing up to four megawatts (MW) per hour of low-cost electricity powered by a natural gas fired turbine. The exhausted heat from the turbine is used to convert manure into certified organic fertilizer. For additional information, please contact:Keith Driver CEO of EarthRenew Phone: (403) 860-8623 E-mail: kdriver@earthrenew.ca Cautionary Note Regarding Forward-Looking InformationThis press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Offering, such as the expected use of the net proceeds of the First Tranche. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; regulatory risks; and other risks of the energy, fertilizer and cryptocurrency industries. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

    • GlobeNewswire

      REPEAT - EarthRenew Announces Feasibility Study With One of the Largest Feedlots in the Southwestern United States

      EarthRenew Inc. (CSE:ERTH | OTC:VVIVD | WKN:A2P6MB) (“EarthRenew” or the “Company”) is pleased to announce that it has identified its first potential site in the US. The Company estimates that this site could be up to four times the size of EarthRenew’s Strathmore, Alberta facility with an estimated capital cost in the range of $37 to $42 million CAD. Further, EarthRenew estimates that it could produce over 70,000 tonnes per year of organic fertilizer pellets at a facility of this scale.

    • GlobeNewswire

      EarthRenew Announces Feasibility Study With One of the Largest Feedlots in the Southwestern United States

      EarthRenew Inc. (CSE:ERTH | OTC:VVIVD | WKN:A2P6MB) (“EarthRenew” or the “Company”) is pleased to announce that it has identified its first potential site in the US. The Company estimates that this site could be up to four times the size of EarthRenew’s Strathmore, Alberta facility with an estimated capital cost in the range of $37 to $42 million CAD. Further, EarthRenew estimates that it could produce over 70,000 tonnes per year of organic fertilizer pellets at a facility of this scale.