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Aston Bay Holdings
(BAY)
Aston Bay Holdings (BAY) vs. iShares MSCI Canada ETF (EWC)
Aston Bay Holdings Business Overview & Revenue Model
Aston Bay Holdings Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -83.33K | -83.33K | -83.33K | 0.00 | 0.00 | 0.00 | EBIT |
| -2.87M | -3.08M | -538.23K | -1.68M | -1.41M | -1.88M | EBITDA |
| -5.72M | -3.07M | -455.36K | -102.67K | -65.95K | -49.51K | Net Income Common Stockholders |
| -3.45M | -3.29M | -725.09K | -1.73M | -1.44M | -1.89M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 303.63K | 552.89K | 3.75K | 56.39K | 19.18K | 315.71K | Total Assets |
| 304.85K | 665.23K | 203.72K | 266.06K | 219.96K | 536.86K | Total Debt |
| 0.00 | 644.78K | 715.82K | 515.82K | 304.48K | 0.00 | Net Debt |
| -303.63K | 91.88K | 712.07K | 459.43K | 285.30K | -315.71K | Total Liabilities |
| 4.56K | 1.06M | 2.27M | 1.59M | 705.57K | 345.13K | Stockholders Equity |
| 300.28K | -393.44K | -2.07M | -1.32M | -485.62K | 191.73K |
| Cash Flow | Free Cash Flow | ||||
| -2.43M | -2.46M | -221.55K | -940.19K | -1.19M | -2.38M | Operating Cash Flow |
| -2.43M | -2.46M | -221.55K | -940.19K | -1.19M | -1.42M | Investing Cash Flow |
| 0.00 | 0.00 | ― | 0.00 | 0.00 | -961.80K | Financing Cash Flow |
| 3.34M | 3.02M | 229.30K | 976.38K | 881.32K | 1.40M |
Aston Bay Holdings Technical Analysis
Aston Bay Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | C$14.34M | 2.22 | -1.74% | ― | -1.60% | -103.61% | |
60 Neutral | $2.76B | 10.33 | 0.49% | 8507.90% | 5.95% | -17.56% | |
42 Neutral | C$12.72M | ― | -45.75% | ― | ― | -1014.38% | |
37 Underperform | C$15.47M | ― | -242.26% | ― | ― | -57.21% | |
36 Underperform | C$12.65M | ― | -349.78% | ― | ― | -184.91% | |
32 Underperform | C$15.04M | ― | ― | ― | 9.29% |
Aston Bay Holdings Corporate Events
Aston Bay Holdings has announced the identification of a new large-scale copper target at the Storm Project in Nunavut, Canada. The discovery, located at the Midway Prospect, is supported by historical drilling data revealing over 58 meters of visual copper sulfides. This development could significantly expand the copper endowment along the Storm Graben Faults, a known area for high-grade copper mineralization. The company plans a comprehensive exploration program for 2025, including a regional scale Mobile Magneto-Telluric survey and a multi-faceted drill program to test new targets and expand existing discoveries. This strategic move aims to enhance Aston Bay’s position in the copper mining sector and potentially increase its resource base, offering promising implications for stakeholders.
Spark’s Take on TSE:BAY Stock
According to Spark, TipRanks’ AI Analyst, TSE:BAY is a Underperform.
Aston Bay Holdings’ stock score is heavily impacted by its weak financial performance, with significant challenges in revenue generation and profitability. While the technical analysis indicates bearish trends, the stock is near oversold levels, which may attract speculative interest. Valuation is poor due to negative earnings. However, recent positive corporate events regarding the Storm Copper Project offer a glimmer of hope for future potential growth. Overall, the stock is risky, with cautious optimism for long-term prospects dependent on successful project developments.
To see Spark’s full report on TSE:BAY stock, click here.
Aston Bay Holdings Ltd. has filed a new National Instrument 43-101 Technical Report for its Storm Copper Project on Somerset Island, Nunavut, detailing an initial Mineral Resource Estimate. The report highlights significant near-surface copper and silver deposits, with substantial development potential due to low-cost open-pit mining and excellent beneficiation potential. The project, a joint venture with American West Metals Limited, remains open for expansion, with new discoveries and exploration opportunities identified, underscoring the project’s promising future and strategic importance for Aston Bay.
Spark’s Take on TSE:BAY Stock
According to Spark, TipRanks’ AI Analyst, TSE:BAY is a Underperform.
Aston Bay Holdings’ stock is heavily impacted by weak financial performance, with challenges in revenue generation and profitability. The technical analysis shows bearish trends but potential speculative interest due to oversold levels. Valuation remains poor due to negative earnings, but recent positive corporate events regarding the Storm Copper Project offer a glimmer of hope for future potential growth. Overall, the stock is risky, with cautious optimism for long-term prospects dependent on successful project developments.
To see Spark’s full report on TSE:BAY stock, click here.
Aston Bay Holdings Ltd. has announced a strategic partnership between its joint venture partner, American West Metals, and Ocean Partners Holdings Ltd. for the development of the Storm Copper Project in Nunavut, Canada. This partnership includes a funding agreement where Ocean Partners will finance up to 80% of the initial capital for the project’s development and secure 100% of the copper and silver offtake. Additionally, Taurus Mining Royalty has advanced a US$3.5 million royalty payment to support project expansion, exploration, and pre-feasibility studies. This development marks a significant milestone for Aston Bay, highlighting the project’s potential and the company’s strategic positioning in the copper and silver markets.
Spark’s Take on TSE:BAY Stock
According to Spark, TipRanks’ AI Analyst, TSE:BAY is a Underperform.
Aston Bay Holdings’ stock score is heavily impacted by its weak financial performance, with significant challenges in revenue generation and profitability. The technical analysis indicates bearish trends, but the stock is near oversold levels, which may attract speculative interest. The valuation is poor due to negative earnings, but the recent positive corporate event regarding the Storm Copper Project offers a glimmer of hope for future potential growth. Overall, the stock is risky, with cautious optimism for long-term prospects depending on successful project developments.
To see Spark’s full report on TSE:BAY stock, click here.
Aston Bay Holdings Ltd. has announced an Initial Mineral Resource Estimate for the Storm Copper Project, highlighting six near-surface copper-silver deposits. The project, a joint venture with American West Metals, shows significant potential for low-cost development through open-pit mining, with indicated resources of 8.2 million tonnes and inferred resources of 3.3 million tonnes. The deposits remain open for expansion, and recent discoveries suggest further growth opportunities, enhancing the project’s value and impact on stakeholders.
Aston Bay Holdings has announced the passing of its Chief Financial Officer, Dwight Walker, who had been with the company for nine years and was instrumental in its success. The Board of Directors has appointed Donna McLean as interim CFO, bringing her extensive experience in the mining and exploration sectors to the role. This leadership change comes as Aston Bay continues its exploration efforts in North America, with significant projects underway in Nunavut and Virginia.