Richard McCloskey - McChip Resources President CEO, Director

MCCHF Stock  USD 0.50  0.00  0.00%   

CEO

Mr. Richard D. McCloskey is President, Chief Executive Officer, Director of McChip Resources, Inc. He became a Director of the Corporation in 1975. He was engaged as a Director and Officer at a senior level by several public and private international Corporationrationrations in the natural resource industry for in excess of 30 years. He was a Director of Baffinland Iron Mines Corporationrationration, Matachewan Consolidated Mines Limited and Taranis Resources Inc. since 2010.
Tenure 14 years
Phone416 364 2173

McChip Resources Management Efficiency

The company has return on total asset (ROA) of 0.0879 % which means that it generated a profit of $0.0879 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1647 %, meaning that it generated $0.1647 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.
The company has accumulated 718.93 K 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 8.45, 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.

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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 OTC Exchange in the United States. McChip Resources [MCCHF] is a Pink Sheet which is traded between brokers as part of OTC trading.

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, CFO, Secretary and Director
Douglas Bolton, Director
Gordon McCreary, Independent Director
Timothy Gould, Independent Director
Richard McCloskey, President CEO, 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 pink sheet 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.

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McChip Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the McChip Resources information on this page should be used as a complementary analysis to other McChip Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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When running McChip Resources' price analysis, check to measure McChip Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy McChip Resources is operating at the current time. Most of McChip Resources' value examination focuses on studying past and present price action to predict the probability of McChip Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McChip Resources' price. Additionally, you may evaluate how the addition of McChip Resources to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between McChip Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if McChip Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McChip Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.