Cover Technologies Inc.

Cover Technologies Inc.verified

COVE.CN

Price:

$0.185

Market Cap:

$7.58M

Cover Technologies Inc. engages in the research and development of magnesium processing technologies and solutions. The company develops ElectrumX, a blockchain-based platform for tracking and transacting commodity minerals with features, including a spot market and integrated third-party decentralized finance (DeFi) solutions. It also develops non-fungible tokens, as well as related assets and technologies in the area of DeFi. The company was formerly known as Mag One Products Inc. and changed its name to Cover Technologies Inc. in October 2020. Cover Technologies Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Industry

Industrial Materials

IPO Date

2012-01-17

Stock Exchange

CNQ

Ticker

COVE.CN

The PE Ratio as of November 2025 (TTM) for Cover Technologies Inc. (COVE.CN) is -0.39

According to Cover Technologies Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -0.39. This represents a change of 247.73% compared to the average of -0.11 of the last 4 quarters.

Cover Technologies Inc. (COVE.CN) Historical PE Ratio (quarterly & annually)

How has COVE.CN PE Ratio performed in the past?

The mean historical PE Ratio of Cover Technologies Inc. over the last ten years is 8.60. The current -0.39 PE Ratio has changed -548.14% with respect to the historical average. Over the past ten years (40 quarters), COVE.CN's PE Ratio was at its highest in in the March 2015 quarter at 20.78. The PE Ratio was at its lowest in in the June 2015 quarter at -89.78.

Quarterly (TTM)
Annual

Average

8.60

Median

-2.15

Minimum

-5.73

Maximum

107.65

Cover Technologies Inc. (COVE.CN) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Cover Technologies Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 22.96%

Maximum Annual PE Ratio = 107.65

Minimum Annual Increase = -45132.40%

Minimum Annual PE Ratio = -5.73

Quarterly (TTM)
Annual
YearPE RatioChange
2022-0.24-81.23%
2021-1.27-66.03%
2020-3.7222.96%
2019-3.03-4.56%
2018-3.17-20.61%
2017-4.00-30.20%
2016-5.73-105.32%
2015107.65-45132.40%
2014-0.24-4.81%
2013-0.25-98.39%

Cover Technologies Inc. (COVE.CN) Average PE Ratio

How has COVE.CN PE Ratio performed in the past?

The current PE Ratio of Cover Technologies Inc. (COVE.CN) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

-1.74

5-year avg

-2.29

10-year avg

8.60

Cover Technologies Inc. (COVE.CN) PE Ratio vs. Peers

How is COVE.CN’s PE Ratio compared to its peers?

Cover Technologies Inc.’s PE Ratio is less than MGX Minerals Inc. (-0.00), less than Flying Nickel Mining Corp. (-0.36), greater than Euromax Resources Ltd. (-0.85), less than Metallica Metals Corp. (-0.26), greater than Granite Creek Copper Ltd. (-5.57), greater than Seahawk Gold Corp. (-37.37), greater than Stratabound Minerals Corp. (-1.77), greater than Major Precious Metals Corp. (-3439.12), greater than Interra Copper Corp. (-5.51), greater than Vital Battery Metals Inc. (-5.39),

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