ATEX Resources Inc (ATX) AI Stock Analysis

• Market Cap: C$663.83M
• Dividend Yield: N/A
• Average Volume (3M): 640.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.99
• Revenue Growth: N/A
• EPS Growth: -138.15%
• Country: CA
• Employees: 3
• Sector: Energy
• Sector Strength: 82
• Industry: Mining
• EPS (TTM): -0.21
• Shares Outstanding: 276,596,830
• 10 Day Avg. Volume: 655,169
• 30 Day Avg. Volume: 640,689
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -36.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.50
• Price Target Upside: 4.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

ATEX Resources Inc has a mixed outlook. The company struggles with financial challenges, including persistent losses and cash flow issues, weighing down its financial performance score. However, technical indicators suggest strong upward momentum, and recent corporate events highlight promising exploration progress, which could bolster future prospects. Valuation remains a concern due to a negative P/E ratio and lack of dividends, potentially limiting investor appeal.

ATEX Resources Inc Business Overview & Revenue Model

Company Description

ATEX Resources Inc is a Latin America-focused minerals exploration company engaged in the acquisition and development of properties located in Chile and Colombia in South America. Its Apolo concessions comprise three properties, Alicia, Roma and Condor, located within the northern extension of the Maricunga Mineral Belt, Region III, Chile. In addition, the firm also holds an interest in Valeriano Property and Fredonia Property.

How the Company Makes Money

ATEX Resources Inc generates revenue primarily through the exploration and development of its mineral properties. The company's revenue model is based on discovering and proving the viability of mineral deposits, which can then be developed into economically feasible mining operations. Revenue streams include the sale of mineral rights, joint ventures, and strategic partnerships with larger mining companies that may provide capital investment or purchase agreements. The success of these initiatives is influenced by factors such as commodity prices, exploration success, and regulatory approvals.

ATEX Resources Inc Financial Statement Overview

Summary

ATEX Resources Inc faces significant financial challenges with persistent losses, operational inefficiencies, and cash flow difficulties. While the balance sheet shows a strong equity position and no debt, the income and cash flow statements highlight ongoing profitability and liquidity concerns. The company must address these issues to improve its financial health.

Income Statement

The company's income statement reveals significant challenges. The gross profit and net income are negative, indicating losses. Despite a positive revenue figure in the TTM, the company has struggled with profitability. The negative EBIT and EBITDA margins highlight operational inefficiencies. There is no revenue growth trend due to historical zero revenues, impacting overall score.

Balance Sheet

The balance sheet reflects a highly leveraged position with negative net debt indicating high cash reserves relative to debt. However, the debt-to-equity ratio is zero due to no debt, which is positive. Return on equity is negative due to net losses, and the equity ratio is relatively strong, suggesting stability in asset financing through equity.

Cash Flow

The cash flow statement shows negative operating and free cash flows, highlighting cash burn issues. The company relies heavily on financing cash flows to sustain operations. Free cash flow growth remains negative, and both operating and free cash flow to net income ratios are unfavorable, reflecting poor cash conversion.

Breakdown
TTM	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019
Income Statement		Total Revenue
34.36K	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-77.64K	-140.67K	-4.13K	0.00	0.00	-132.00
	EBIT
-14.76M	-29.67M	-3.27M	-815.70K	-540.42K	-699.55K
	EBITDA
-43.22M	-29.22M	-10.04M	-815.70K	-540.42K	-703.32K
	Net Income Common Stockholders
-46.76M	-28.94M	-1.97M	-1.01M	-2.54M	-705.41K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
55.99M	13.17M	15.62M	166.09K	320.66K	313.17K
	Total Assets
61.39M	17.37M	27.82M	3.91M	1.42M	1.33M
	Total Debt
0.00	9.66M	0.00	0.00	0.00	0.00
	Net Debt
-55.99M	-3.51M	-15.62M	-166.09K	-320.66K	-313.17K
	Total Liabilities
7.00M	11.01M	195.06K	90.32K	163.61K	64.92K
	Stockholders Equity
54.39M	6.35M	27.63M	3.82M	1.25M	1.27M
Cash Flow		Free Cash Flow
-23.27M	-23.64M	-1.05M	-3.05M	-1.82M	-1.38M
	Operating Cash Flow
-22.65M	-22.92M	-456.79K	-567.71K	-1.19M	-412.65K
	Investing Cash Flow
-499.36K	-2.27M	-8.42M	-2.56M	-627.63K	-963.37K
	Financing Cash Flow
71.32M	22.74M	24.34M	2.97M	1.83M	1.50M

ATEX Resources Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ATX, the sentiment is Positive. The current price of 2.4 is above the 20-day moving average (MA) of 2.17, above the 50-day MA of 1.99, and above the 200-day MA of 1.54, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 66.73 is Neutral, neither overbought nor oversold. The STOCH value of 71.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ATX.

ATEX Resources Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WDO	79 Outperform	C$2.39B	29.32	17.33%	―	56.15%	―
ORV	66 Neutral	C$52.60M	10.41	7.12%	―	-2.98%	―
Sector *	57 Neutral	$8.64B	5.22	-5.79%	7.32%	-0.29%	-68.79%
ATX	55 Neutral	C$663.83M	―	-175.63%	―	―	-138.15%
FVL	47 Neutral	C$426.87M	―	-1.16%	―	―	66.67%
RIO	40 Underperform	C$337.45M	―	-17.85%	―	―	-92.22%

ATEX Resources Inc Corporate Events

ATEX Resources Reports Record High-Grade Copper Intersection at Valeriano Project

ATEX Resources Inc. has reported significant progress in its Phase V drilling program at the Valeriano Copper Gold Project in Chile, with the highest-grade porphyry intersection to date, extending the high-grade trend by 200 meters. The appointment of Dr. Christine Rainaud as Exploration Director is expected to enhance the company’s exploration capabilities, potentially impacting its industry positioning and stakeholder interests positively.

ATEX Resources Reports Significant Progress at Valeriano Project

ATEX Resources Inc. announced promising assay results from its Phase V exploration program at the Valeriano Copper Gold Project in Chile. The results from drill holes ATXD16B and ATXD23A show significant copper equivalent mineralization, validating the exploration potential of both the porphyry units and the high-grade breccia B2B zone. The ongoing drilling program is expected to further define and potentially extend the high-grade mineralization, with additional results anticipated soon.

ATEX Resources Strengthens Stakeholder Engagement with RSU Awards and Investor Relations

ATEX Resources Inc. has granted 295,110 restricted share units to employees, officers, and directors as an annual performance award for 2024. The company’s investor relations services have been continuously provided by Adelaide Capital Markets since September 2022, with adjusted fees from July 2023 to November 2024. This strategic move is likely to strengthen stakeholder engagement and align management incentives with corporate goals.

ATEX Resources Achieves Record Intercept in Valeriano Project Expansion

ATEX Resources Inc. has announced significant partial assay results from its Phase V drill campaign at the Valeriano Copper-Gold Project in Chile, demonstrating a new record intercept. The drill hole ATXD23A revealed high-grade breccia mineralization, extending the known high-grade area by 130 meters, and marking it as the best hole drilled on the project to date. This discovery underscores the potential of the Valeriano project, affirming the company’s belief in its promising exploration prospects. The drilling results have significant implications for ATEX’s operational expansion and industry positioning, with further assays pending.

ATEX Resources Inc. Reports Transformative Year and Outlines Ambitious 2025 Plans for Valeriano Project

ATEX Resources Inc. has achieved significant milestones in 2024, including an updated geological interpretation of the Valeriano Project, robust copper and gold recoveries, and securing a new equity partner, Agnico Eagle Mines, which invested C$55 million. This investment has strengthened ATEX’s balance sheet, allowing the company to fully own the Valeriano Project and enhancing its management and board. In 2025, ATEX plans to intensify its exploration activities with five operational rigs at Valeriano, aiming to expand the mineralized footprint and update the geological model and mineral resource estimate by the second half of the year. This will potentially elevate the current Inferred Mineral Resource to an Indicated Resource category, further solidifying the company’s position in the mining sector.

ATEX Secures Full Ownership of Valeriano Project

ATEX Resources Inc. has successfully achieved full ownership of the Valeriano Copper Gold Project in Chile ahead of schedule by issuing common shares to satisfy the final payment. This strategic move allows ATEX to maintain financial stability and continue its exploration efforts to enhance shareholder value.