ATEX Resources Inc (ATX) AI Stock Analysis

• Market Cap: C$539.36M
• Dividend Yield: N/A
• Average Volume (3M): 313.38K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: N/A
• EPS Growth: -138.15%
• Country: CA
• Employees: 3
• Sector: Energy
• Sector Strength: 46
• Industry: Gold
• EPS (TTM): -0.21
• Shares Outstanding: 276,596,830
• 10 Day Avg. Volume: 229,482
• 30 Day Avg. Volume: 313,380
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• 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$3.50
• Price Target Upside: 79.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

ATEX Resources Inc. faces substantial financial challenges, with persistent losses and cash flow issues being the most significant factors impacting the stock's score. While technical indicators suggest potential recovery, the negative valuation metrics limit attractiveness. However, promising exploration progress and strategic management changes offer a silver lining, potentially bolstering future prospects.

ATEX Resources Inc Business Overview & Revenue Model

Company Description

ATEX Resources Inc. engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano copper gold project, which is located in the Chile's prolific El Indio Mineral Belt. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc. in February 2019. ATEX Resources Inc. was incorporated in 1981 and is based in Toronto, Canada.

How the Company Makes Money

ATEX Resources Inc. generates revenue primarily through the exploration and development of mineral properties, with a focus on discovering commercially viable deposits of precious metals like gold and copper. The company typically makes money by increasing the value of its exploration projects through successful drilling and development, which can attract investment and lead to joint ventures or the sale of developed properties to larger mining companies. Key revenue streams include capital raised from investors, proceeds from the sale of exploration rights or developed properties, and potential future royalties from ongoing mining operations. Significant partnerships with other mining companies or investors can also contribute to its earnings by providing necessary funding and expertise to advance exploration projects.

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
Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	-140.67K	-4.13K	0.00	0.00
	EBIT
-23.71M	-29.67M	-3.27M	-815.70K	-540.42K
	EBITDA
-26.21M	-29.22M	-10.04M	-815.70K	-540.42K
	Net Income Common Stockholders
-29.46M	-28.94M	-1.97M	-1.01M	-2.54M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.00M	13.17M	15.62M	166.09K	320.66K
	Total Assets
9.86M	17.37M	27.82M	3.91M	1.42M
	Total Debt
12.18K	9.66M	0.00	0.00	0.00
	Net Debt
-4.99M	-3.51M	-15.62M	-166.09K	-320.66K
	Total Liabilities
21.36M	11.01M	195.06K	90.32K	163.61K
	Stockholders Equity
-11.50M	6.35M	27.63M	3.82M	1.25M
Cash Flow		Free Cash Flow
-23.91M	-23.64M	-1.05M	-3.05M	-1.82M
	Operating Cash Flow
-23.68M	-22.92M	-456.79K	-567.71K	-1.19M
	Investing Cash Flow
-105.37K	-2.27M	-8.42M	-2.56M	-627.63K
	Financing Cash Flow
15.62M	22.74M	24.34M	2.97M	1.83M

ATEX Resources Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.95
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 1.95 is below the 20-day moving average (MA) of 2.04, below the 50-day MA of 2.16, and above the 200-day MA of 1.68, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.70 is Neutral, neither overbought nor oversold. The STOCH value of 23.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ATX.

ATEX Resources Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MND	82 Outperform	C$463.85M	6.95	22.34%	―	37.39%	516.99%
ORE	78 Outperform	C$579.14M	6.03	27.12%	―	6.15%	10.69%
Sector *	56 Neutral	$7.00B	3.42	-4.37%	5.89%	-0.12%	-48.35%
LUM	48 Neutral	C$505.82M	―	105.38%	―	―	-97.12%
ATX	41 Neutral	C$539.36M	―	-175.63%	―	―	-138.15%
ASE	41 Neutral	C$511.11M	―	-375.68%	―	14.69%	88.10%

ATEX Resources Inc Corporate Events

ATEX Resources Expands Valeriano Project and Appoints New CFO

ATEX Resources Inc. has announced significant progress in its Phase V drilling program at the Valeriano Copper Gold Project in Chile, with notable high-grade copper equivalent intersections that extend the mineralized zones. The company also appointed Elijah Tyshynski as the new Chief Financial Officer and Corporate Secretary, bringing valuable experience from his previous roles in the mining sector, which is expected to support ATEX’s strategic growth and project advancement.

Spark’s Take on TSE:ATX Stock

According to Spark, TipRanks’ AI Analyst, TSE:ATX is a Neutral.

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.

To see Spark’s full report on TSE:ATX stock, click here.

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.