tiprankstipranks
Trending News
More News >
Atco Mining Inc. (TSE:ATCM)
:ATCM
Canadian Market

Atco Mining Inc. (ATCM) AI Stock Analysis

Compare
1 Followers

Top Page

TS

Atco Mining Inc.

(ATCM)

Rating:63Neutral
Price Target:
Atco Mining Inc. shows a mixed financial performance with strong equity but no revenue generation, impacting its financial health. Technical analysis suggests upward momentum but caution due to overbought indicators. The undervalued P/E ratio provides a positive outlook for potential investors. The strategic capital raise boosts financial stability, supporting future exploration activities.

Atco Mining Inc. (ATCM) vs. iShares MSCI Canada ETF (EWC)

Atco Mining Inc. Business Overview & Revenue Model

Company DescriptionAtco Mining Inc. operates as a junior exploration mining company that focuses on exploring for green energy metals in Canada. It owns 100% of four salt projects in Western Newfoundland comprising Blue Moon South Salt Project, Lunar North Salt Project, Apollo, and the Eagle Salt Project. The company was incorporated in 2021 and is based in Vancouver, Canada.
How the Company Makes MoneyAtco Mining Inc. generates revenue primarily through the sale of extracted minerals and resources. The company's revenue model is centered around identifying and developing mineral-rich properties, extracting valuable resources, and selling these commodities in the global market. Key revenue streams include the sale of metals and minerals such as gold, silver, copper, and other valuable resources, depending on their mining portfolio. Partnerships with industry players, strategic alliances for resource extraction and processing, and favorable market conditions also contribute to the company's earnings. Additionally, Atco Mining Inc. may engage in joint ventures or collaborative projects to enhance its mining operations and expand its revenue base.

Atco Mining Inc. Financial Statement Overview

Summary
Atco Mining Inc. faces significant challenges in generating revenue, impacting income statement evaluation. The balance sheet is strong due to zero debt and growing equity, indicating financial stability. However, cash flow management shows reliance on external financing, with negative operating and free cash flows pointing to operational inefficiencies or growth phase pressures. The company should focus on revenue generation to improve its financial health.
Income Statement
20
Very Negative
Atco Mining Inc. has reported no revenue over the past periods, indicating challenges in generating sales. The company has shown improvements in net income from significant losses in prior years to a positive net income in the TTM period, suggesting improved cost control or other income sources. However, the absence of revenue impacts the ability to evaluate typical profitability margins.
Balance Sheet
70
Positive
The company exhibits a strong equity position with no debt, leading to a favorable debt-to-equity ratio of 0. Stockholders' equity has consistently increased over time, reflecting stability and financial health. However, total assets are relatively low, which might limit future operational capacity or expansion potential.
Cash Flow
40
Negative
Atco Mining's operating cash flows are negative, which could indicate ongoing operational challenges. The company shows a reliance on financing activities to support its cash requirements. Despite negative free cash flow, there is a substantial increase in cash and short-term investments, suggesting effective external financing or cash management.
Breakdown
TTMDec 2023Dec 2022Dec 2021
Income StatementTotal Revenue
0.000.000.000.00
Gross Profit
0.000.000.000.00
EBIT
-1.21M-2.09M-665.03K-27.14K
EBITDA
-2.60M-2.09M-665.03K-27.14K
Net Income Common Stockholders
-3.21M-2.45M-665.79K-27.52K
Balance SheetCash, Cash Equivalents and Short-Term Investments
673.49K1.13M673.49K295.50K
Total Assets
1.26M1.82M1.26M454.28K
Total Debt
0.000.000.000.00
Net Debt
-673.49K-1.13M-673.49K-295.50K
Total Liabilities
96.57K162.00K96.57K51.97K
Stockholders Equity
1.16M1.66M1.16M402.31K
Cash FlowFree Cash Flow
-2.26M-1.74M-531.16K-134.33K
Operating Cash Flow
-1.05M-1.74M-482.12K14.45K
Investing Cash Flow
-1.20M-217.80K-49.05K-128.78K
Financing Cash Flow
1.29M2.41M909.15K409.83K

Atco Mining Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
47.01
Neutral
STOCH
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ATCM, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.01 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ATCM.

Atco Mining Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
1.62-353.62%
51
Neutral
$2.02B-1.19-21.37%3.64%2.88%-30.57%
TSAWR
C$522.61K-110.32%
$271.68K-84.55%
TSSCV
34
Underperform
C$2.87M-218.89%-832.79%
33
Underperform
C$3.57M-69.25%15.00%
28
Underperform
C$4.06M-313.90%42.36%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ATCM
Atco Mining Inc.
0.02
>-0.01
-33.33%
TSE:AWR
Aurwest Resources
0.01
-0.01
-50.00%
WALRF
MegaWatt Lithium and Battery Metals
0.01
-0.05
-83.33%
TSE:WBGD
Waraba Gold Limited
0.02
0.00
0.00%
TSE:PRIZ
Prismo Metals Inc.
0.06
-0.14
-70.00%
TSE:SCV
Scotch Creek Ventures
0.11
-0.03
-21.43%

Atco Mining Inc. Corporate Events

Private Placements and Financing
Atco Mining Launches Private Placement to Raise Capital
Positive
Jan 22, 2025

Atco Mining Inc. has announced a non-brokered private placement to issue up to 77,000,000 common shares at $0.015 per share, aiming to raise approximately $1,155,000. The proceeds will primarily be used for general working capital purposes. This offering is accessible to existing shareholders through certain exemptions and is subject to regulatory approvals. The move could bolster Atco’s financial position, aiding its exploration activities in the green energy metals sector.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.