Silver Bull Resources (SVBL) AI Stock Analysis

• Market Cap: $11.14M
• Dividend Yield: N/A
• Average Volume (3M): 31.98K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.16
• Revenue Growth: N/A
• EPS Growth: -290.00%
• Country: US
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 49,292,880
• 10 Day Avg. Volume: 28,878
• 30 Day Avg. Volume: 31,981
• PEG Ratio: >-0.01
• Price to Book (P/B): -1.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 260.99
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -84.49
• Enterprise Value/Ebitda: -0.76
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.21 ▼(-13.75% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is primarily constrained by weak financial performance (pre-revenue, sharply larger TTM losses, negative equity, and inconsistent cash flow). Technical indicators also lean negative (below key moving averages with a negative MACD). Valuation provides limited support due to losses (negative P/E) and no dividend yield.

Positive Factors

Low Leverage

Zero reported debt materially lowers financial risk and preserves flexibility to fund operations or pursue strategic options without immediate interest burden. Over a 2–6 month horizon low leverage reduces refinancing/default risk and supports survival through cash shortfalls.

Losses Driven by Non‑Cash Items

Reported losses appear to include significant non‑cash charges, meaning actual cash burn has been smaller than accounting losses. This reduces immediate liquidity pressure, extends runway, and gives management time to execute plans or secure financing, a durable buffer versus pure cash burn.

Lean Cost Base

An extremely lean organization implies low fixed operating overhead and greater agility. With limited payroll burden the company can conserve cash longer, scale costs with progress, and reduce near‑term financing needs—advantages that remain relevant over months.

Negative Factors

Pre‑Revenue with Large Losses

Being pre‑revenue while incurring a steep TTM net loss (~-$13.1M) means there is no operating cash inflow to offset expenses. This structural lack of revenue forces dependence on external funding or severe cost cuts, creating sustained viability risk absent a clear commercialization path.

Negative Shareholders' Equity

Negative equity and materially declining assets weaken the balance sheet and limit access to conventional financing. This condition raises creditor and investor concerns, increases the likelihood of dilutive financing or restrictive covenants, and constrains strategic flexibility over the medium term.

Inconsistent Cash Generation

Operating cash flow briefly turned positive but reverted to negative in the TTM, and free cash flow declined sharply. This inconsistency undermines the company’s ability to self‑fund operations and increases reliance on recurrent external capital, a persistent execution and financing risk.

Silver Bull Resources Business Overview & Revenue Model

Company Description

Silver Bull Resources, Inc., an exploration stage company, acquires, explores, and develops mineral properties in Mexico, Kazakhstan, and Canada. It primarily explores for silver and zinc deposits. The company's principal project is the Sierra Mojada property comprising 20 concessions covering an area of 6,496 hectares located in Coahuila, Mexico. It also holds an option to acquire a 100% interest in the Beskauga copper-gold project located in the Pavlodar region of northeastern Kazakhstan. The company was formerly known as Metalline Mining Company and changed its name to Silver Bull Resources, Inc. in April 2011. Silver Bull Resources, Inc. was incorporated in 1993 and is based in Vancouver, Canada.

How the Company Makes Money

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Silver Bull Resources Financial Statement Overview

Summary

Pre-revenue with persistent losses, including a sharp deterioration in TTM net income (about -$13.1M). While debt is zero, equity is negative and assets have declined, which meaningfully weakens financial flexibility. Cash flow is inconsistent with renewed TTM operating and free cash flow burn.

Income Statement

Results reflect a pre-revenue profile (no reported revenue across the provided periods) with persistent losses. Profitability deteriorated sharply in TTM (Trailing-Twelve-Months), with net income falling to about -$13.1M versus much smaller losses in prior years, indicating a meaningful step-up in expenses or charges. Overall, the income statement shows weak earnings quality and limited visibility to near-term profitability.

Balance Sheet

Leverage is low with total debt at $0 in the latest annual period and TTM (Trailing-Twelve-Months), which reduces financial risk. However, stockholders’ equity turned negative in the latest year and remained negative in TTM (Trailing-Twelve-Months), a major balance-sheet weakness that can constrain financing flexibility. Total assets also declined materially from prior years, pointing to a smaller asset base supporting the business.

Cash Flow

Cash generation is unstable: operating cash flow was positive in 2025 (+$36K) but negative again in TTM (Trailing-Twelve-Months) (-$164K), and free cash flow followed the same pattern. The TTM (Trailing-Twelve-Months) free cash flow decline is severe versus the prior period, highlighting renewed cash burn. While cash outflows are currently small relative to the TTM net loss (suggesting non-cash charges played a large role in the loss), the business still lacks consistent self-funding capacity.

Breakdown	TTM	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-119.43K	-121.80K	-9.42K	-12.63K	-20.57K	-49.19K
EBITDA	-13.35M	-12.98M	-158.31K	-1.24M	-3.14M	-3.49M
Net Income	-13.12M	-13.10M	-166.68K	-1.25M	-3.17M	-2.45M
Balance Sheet
Total Assets	1.59M	1.53M	6.01M	6.49M	6.25M	8.92M
Cash, Cash Equivalents and Short-Term Investments	968.75K	1.14M	545.96K	1.01M	886.73K	1.36M
Total Debt	0.00	0.00	0.00	43.26K	43.96K	48.45K
Total Liabilities	8.61M	8.44M	467.92K	900.42K	386.15K	839.77K
Stockholders Equity	-7.02M	-6.91M	5.54M	5.59M	5.87M	8.08M
Cash Flow
Free Cash Flow	-164.20K	36.44K	-421.85K	-793.80K	-1.25M	-1.77M
Operating Cash Flow	-164.20K	36.44K	-420.78K	-793.80K	-1.25M	-1.69M
Investing Cash Flow	0.00	0.00	15.07K	0.00	1.43M	-2.52M
Financing Cash Flow	620.39K	628.04K	-56.83K	915.58K	518.00K	2.53M

Silver Bull Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SVBL, the sentiment is Negative. The current price of 0.24 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.23, and above the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.43 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SVBL.

Silver Bull Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
USGO	54 Neutral	$148.00M	―	―	―	―	37.18%
WWR	52 Neutral	$85.54M	-2.06	-14.21%	―	―	-80.01%
XPL	49 Neutral	$74.23M	-15.77	-20.21%	―	―	5.25%
SVBL	43 Neutral	$11.14M	-22.89	-10.51%	―	―	-290.00%