Minerva Gold Inc.
MINR · Metal Mining · 6.6M shares · EDGAR filings ↗
Grade
F36Going-concern Nevada shell with $7K cash pivoting via reverse merger into a China-based sanitary-ware maker.
Strengths
- Small revenue growth to $33.5K (79th pct) with positive net-income growth
- Pending acquisition could provide an operating business
Risks
- Going concern; $7K cash, stockholders' deficit $50K, current ratio 0.12
- China-governance and related-party red flags — target owned by the new sole officer/director
- Positive percentile ROE/net-margin are artifacts of a tiny deficit-equity base
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -28.0%)
- Cash burnNegative free cash flow (-0.0M)
- Weak liquidityCurrent ratio 0.12 (<1)
- Pending mergerPending acquisition could provide an operating business
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
-28.0%
Return on equity
18.7%
Return on assets
-92.8%
Revenue growth (QoQ)
28.8%
Current ratio
0.1×
Free cash flow
-$10K
Tangible book value
-$50K
Cash & investments
$7K
Cash runway
3q
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-K | 2026-05-11 | 2026-02-28 | 0001477932-26-002908 ↗ |
| 8-K | 2026-04-13 | 2026-04-10 | 0001477932-26-002131 ↗ |
| 10-Q | 2026-01-20 | 2025-11-30 | 0001477932-26-000276 ↗ |
| 10-Q | 2025-09-22 | 2025-08-31 | 0001477932-25-006916 ↗ |
| 10-Q | 2025-07-14 | 2025-05-31 | 0001477932-25-005013 ↗ |
| 10-K | 2025-05-08 | 2025-02-28 | 0001477932-25-003445 ↗ |
| 10-Q | 2025-01-10 | 2024-11-30 | 0001477932-25-000139 ↗ |
| 8-K | 2024-12-09 | 2024-11-03 | 0001477932-24-007908 ↗ |
| 8-K | 2024-10-21 | 2024-10-21 | 0001477932-24-006587 ↗ |
| 10-Q | 2024-10-11 | 2024-08-31 | 0001477932-24-006366 ↗ |
| 10-Q | 2024-07-01 | 2024-05-31 | 0001477932-24-003964 ↗ |
| 10-K | 2024-05-16 | 2024-02-29 | 0001477932-24-003036 ↗ |