Ronald Loucks - NexgenRX President CEO, Director

NXG Stock  CAD 0.22  0.02  10.00%   

CEO

Mr. Ronald C. Loucks is President, Chief Executive Officer and Director of NexgenRx Inc. He is Former Executive VicePresident and Chief Operating Officer of, Assure Health Inc., from May 1989 through October 1999 and upon the sale of Assure Health Inc. to BCE Emergis Inc., he was the Executive VicePresident, eHealth North America, from November 1999 through February 2002. He is Currently a member of the Board of Governors of McMaster University and serves on the Board of Directors of ThinkFirst Canada. since 2003.
Tenure 21 years
Address 191 The West Mall, Toronto, ON, Canada, M9C 5L6
Phone416-695-3393
Webhttps://www.nexgenrx.com

NexgenRX Management Efficiency

At this time, NexgenRX's Net Tangible Assets are fairly stable compared to the past year. Other Assets is likely to climb to about 2.1 M in 2024, whereas Total Current Assets are likely to drop slightly above 13.1 M in 2024. NexgenRX's management efficiency ratios could be used to measure how well NexgenRX manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 4.36 M in total debt with debt to equity ratio (D/E) of 214.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. NexgenRX has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist NexgenRX until it has trouble settling it off, either with new capital or with free cash flow. So, NexgenRX's 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 NexgenRX sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NexgenRX to invest in growth at high rates of return. When we think about NexgenRX's use of debt, we should always consider it together with cash and equity.
NexgenRx Inc. administers, adjudicates, and pays drug, dental, and other extended health-care claims for the beneficiaries of health benefit plans in Canada. NexgenRx Inc. was founded in 2003 and is headquartered in Toronto, Canada. NEXGENRX INC operates under Health Care Plans classification in Canada and is traded on TSX Venture Exchange. NexgenRX (NXG) is traded on TSX Venture Exchange in Canada and employs 15 people. NexgenRX is listed under Health Care Providers & Services category by Fama And French industry classification.

Management Performance

NexgenRX Leadership Team

Elected by the shareholders, the NexgenRX's board of directors comprises two types of representatives: NexgenRX inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NexgenRX. The board's role is to monitor NexgenRX's management team and ensure that shareholders' interests are well served. NexgenRX's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NexgenRX's outside directors are responsible for providing unbiased perspectives on the board's policies.
Taba Merrikh, Acting CFO
David Rosenkrantz, Independent Director
Ronald BBA, CEO, Founder
Ronald Loucks, President CEO, Director
Patrick Crowley, Director
MBA LLB, Company Secretary
Avik Debroy, Financial Controller
Ralph Soberano, Director
Jason Robinson, Senior Administration
Barry Reiter, Director
Andrew Munroe, Senior Partners
Kelly Ehler, Interim CFO
Randy McGlynn, Director
Thomas Corcoran, Chairman of the Board
Doreen Harvey, Lead Resources

NexgenRX 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 NexgenRX 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NexgenRX in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NexgenRX's short interest history, or implied volatility extrapolated from NexgenRX options trading.

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When running NexgenRX's price analysis, check to measure NexgenRX's 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 NexgenRX is operating at the current time. Most of NexgenRX's value examination focuses on studying past and present price action to predict the probability of NexgenRX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexgenRX's price. Additionally, you may evaluate how the addition of NexgenRX to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between NexgenRX's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexgenRX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexgenRX's 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.