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Benton Resources Inc (TSE:BEX)
:BEX

Benton Resources (BEX) AI Stock Analysis

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Benton Resources

(BEX)

Rating:40Underperform
Price Target:
Benton Resources' stock is significantly weighed down by financial and valuation challenges, including zero revenue and ongoing losses. While the company's strong equity and recent corporate strategies offer some hope, negative cash flows and weak technical indicators result in a low overall score.

Benton Resources (BEX) vs. iShares MSCI Canada ETF (EWC)

Benton Resources Business Overview & Revenue Model

Company DescriptionBenton Resources Inc. operates as a mineral exploration company. It has a diversified property portfolio of gold, silver, nickel, copper, platinum group elements, and lithium assets. The company is advancing projects in Ontario, including flagship Far Lake Copper project located west of Thunder Bay, Ontario, as well as projects, such as the Abernethy, the Armit Lake, the Forester Lake, the Hele, and the Iron Duke projects. It also has strategic alliance with Sokoman Minerals Corp. through three joint-venture properties, including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Benton Resources Inc. was incorporated in 2011 and is headquartered in Thunder Bay, Canada.
How the Company Makes MoneyBenton Resources makes money through its exploration activities that lead to the discovery and development of mineral resources. The company's revenue model is primarily based on the value generated from successful exploration and subsequent sale or joint venture of mineral properties to larger mining companies. Key revenue streams include proceeds from selling stakes in projects, option agreements with other mining companies, and potentially, royalty arrangements on developed properties. Significant partnerships with other mining firms often enhance their exploration and development capabilities, contributing to their earnings. The company's revenue can also be influenced by factors like commodity prices, exploration success rates, and strategic alliances within the mining industry.

Benton Resources Financial Statement Overview

Summary
Benton Resources faces significant financial challenges, primarily due to zero revenue generation and persistent losses. While the balance sheet remains strong with substantial equity, negative cash flows highlight potential liquidity issues. The lack of profitability and reliance on financing activities are critical concerns that need addressing for future sustainability.
Income Statement
20
Very Negative
Benton Resources has not generated any revenue over the reported periods, which is a significant concern for growth. The company has consistently reported negative gross profit and net income, indicating persistent losses. The EBIT and EBITDA margins are also negative, reflecting ongoing operational challenges.
Balance Sheet
60
Neutral
The balance sheet shows a strong equity position with no reported debt, leading to a favorable debt-to-equity ratio. However, the company has a history of negative net income, which affects return on equity (ROE). The equity ratio is robust, showing a solid financial foundation.
Cash Flow
40
Negative
The cash flow statement reveals negative free cash flow and operating cash flow, indicating cash management issues. Despite some positive financing cash flow, the reliance on external funding could pose risks. The operating cash flow to net income ratio exhibits volatility due to fluctuating cash flow results.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-53.64K-74.80K-76.03K-74.88K-69.06K-62.02K
EBIT
-736.51K-1.28M1.34M3.89M-932.23K-5.65M
EBITDA
-1.41M-3.93M-3.12M-6.27M-1.22M3.47M
Net Income Common Stockholders
-5.73M-3.38M-2.89M-6.14M-1.06M3.44M
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.89M3.39M1.15M2.04M1.14M1.35M
Total Assets
14.51M13.21M12.33M14.31M15.55M12.76M
Total Debt
0.001.73K127.67K171.35K214.68K223.22K
Net Debt
-1.18M-339.22K-335.12K-714.48K193.36K91.89K
Total Liabilities
633.43K883.85K814.22K1.16M650.16K530.52K
Stockholders Equity
13.88M12.32M11.52M13.15M14.90M12.23M
Cash FlowFree Cash Flow
-1.94M248.56K-1.22M-942.77K-881.77K-682.99K
Operating Cash Flow
-1.13M326.55K-1.20M-867.21K-859.98K-682.26K
Investing Cash Flow
-2.91M-3.52M-2.18M-1.79M-1.45M-1.55M
Financing Cash Flow
4.28M3.83M1.23M4.22M3.53M1.16M

Benton Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.08
Price Trends
50DMA
0.07
Positive
100DMA
0.08
Positive
200DMA
0.08
Negative
Market Momentum
MACD
<0.01
Negative
RSI
76.88
Negative
STOCH
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BEX, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 76.88 is Negative, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BEX.

Benton Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
57
Neutral
$7.14B3.09-4.49%5.67%0.82%-49.15%
44
Neutral
C$12.51M-12.23%-52.78%
TSTK
43
Neutral
C$20.43M-1.57%35.14%
TSBEX
40
Underperform
C$15.42M-34.41%-1080.77%
TSPX
38
Underperform
C$17.80M
28.70%
TSBAY
36
Underperform
C$13.91M-349.78%-184.91%
$12.84M-6.37%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:BEX
Benton Resources
0.08
-0.08
-50.00%
TSE:BAY
Aston Bay Holdings
0.06
-0.04
-40.00%
TSE:PX
Pelangio Exploration
0.09
0.07
350.00%
TSE:TK
Tinka Resources
0.05
-0.08
-61.54%
TSE:TGOL
White Metal Resources
0.06
0.02
50.00%
ATCMF
Atico Mining
0.10
-0.06
-37.50%

Benton Resources Corporate Events

Delistings and Listing ChangesBusiness Operations and Strategy
Benton Resources Completes Vinland Lithium Spin-Out
Positive
Apr 28, 2025

Benton Resources Inc. has completed the spin-out of approximately half of its shares in Vinland Lithium Inc. to its shareholders. This strategic move involves distributing 2,025,126 common shares of Vinland, while Benton retains 2,000,000 shares. The spin-out aims to enhance shareholder value and market positioning, with the new Benton shares set to be listed on the Exchange, while the old shares will be delisted. Vinland has applied for its shares to be listed separately, indicating potential growth and investment opportunities for stakeholders.

Spark’s Take on TSE:BEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:BEX is a Underperform.

Benton Resources’ overall stock score is primarily weighed down by significant financial and valuation challenges, including the absence of revenue and ongoing losses. While recent corporate events provide some strategic optimism, the technical indicators are bearish, resulting in a low overall score. The company’s strong equity position offers some stability, but liquidity issues and operational losses remain major concerns.

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

Delistings and Listing ChangesBusiness Operations and Strategy
Benton Resources Completes Vinland Shares Spin-Out
Positive
Apr 25, 2025

Benton Resources Inc. has completed the spin-out of approximately half of its shares in Vinland Lithium Inc. Shareholders with at least 5,000 Benton shares will receive 50 Vinland shares for every 5,000 Benton shares owned. The spin-out involves a total of 2,025,126 Vinland shares, while Benton retains 2,000,000 shares. The new Benton shares will be listed on the exchange, while the old shares will be delisted. This strategic move is expected to impact Benton’s market positioning by potentially enhancing shareholder value and focusing on its core projects.

Spark’s Take on TSE:BEX Stock

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

Benton Resources’ overall stock score reflects significant financial and technical challenges. The critical issue is the lack of revenue and operational losses, which weigh heavily on the score. While technical indicators are bearish, recent corporate events provide some optimism with potential strategic growth opportunities. However, the challenging valuation and financial performance remain major concerns, resulting in an overall score of 43.

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

Business Operations and Strategy
Benton Resources Advances Exploration at Great Burnt Property
Positive
Apr 22, 2025

Benton Resources Inc. has completed a significant portion of a 5 km-long surface Pulse Electromagnetic survey at the South Pond trend on the Great Burnt Property, identifying large conductive plates associated with known mineralized zones. The company plans to resume drilling at the Great Burnt Main Zone and the North Stringer Zone, targeting newly discovered conductive zones and expanding their exploration efforts. These developments suggest potential expansion of mineral resources, which could enhance Benton’s position in the mining industry and provide new opportunities for stakeholders.

Spark’s Take on TSE:BEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:BEX is a Underperform.

Benton Resources’ stock is currently under pressure due to significant financial challenges and bearish technical indicators. The company’s inability to generate revenue and ongoing operational losses are major concerns. Although recent exploration successes and a strong equity position provide some optimism, these factors are overshadowed by negative cash flows and a challenging valuation scenario.

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

Delistings and Listing ChangesBusiness Operations and Strategy
Benton Resources Approves Spin-Out of Vinland Lithium Shares
Positive
Apr 21, 2025

Benton Resources Inc. announced the approval of a spin-out of approximately 2 million shares of Vinland Lithium Inc. to its shareholders. This move is part of a reorganization of Benton’s share capital, with the TSX Venture Exchange approving the listing of Vinland’s shares. Vinland, which holds the Killick Lithium Project, is co-owned by Benton, Sokoman Minerals Corp., and Piedmont Lithium Newfoundland Holdings LLC. The spin-out is expected to enhance Benton’s position in the lithium market, with Piedmont having the option to earn a significant interest in the Killick Project through substantial exploration investments. This strategic move could strengthen Benton’s industry positioning and provide long-term benefits to its stakeholders.

Spark’s Take on TSE:BEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:BEX is a Underperform.

Benton Resources’ stock is currently under pressure due to significant financial challenges and bearish technical indicators. The company’s inability to generate revenue and ongoing operational losses are major concerns. Although recent exploration successes and a strong equity position provide some optimism, these factors are overshadowed by negative cash flows and a challenging valuation scenario.

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

Business Operations and Strategy
Benton Resources Expands Great Burnt Main Zone with New Copper-Gold Discoveries
Positive
Apr 2, 2025

Benton Resources has announced significant progress in its exploration efforts at the Great Burnt Main Zone, extending the deposit’s strike length to 950 meters. The company has discovered new high-grade copper-gold zones, including a notable intersection of 5.97% copper over 14.70 meters, and identified further expansion potential through electromagnetic surveys. These developments reinforce Benton’s position in the mining industry and suggest promising implications for stakeholders as the company continues to explore and confirm mineralization in historically low-grade areas.

Business Operations and Strategy
Benton Resources Uncovers Promising Copper Mineralization at Great Burnt Project
Positive
Mar 3, 2025

Benton Resources Inc. has reported significant progress in its exploration efforts at the Great Burnt Main Zone, with a recent drill hole revealing a wide interval of massive sulphide mineralization. This discovery, along with new findings in the North Stringer Zone, highlights the potential for substantial copper deposits, prompting the company to mobilize geophysical crews for further investigation. The ongoing drill program has targeted several promising areas, and Benton has paused drilling to await assay results and complete its geophysical surveys, which could have significant implications for its operations and market positioning.

Business Operations and Strategy
Benton Resources Expands Great Burnt Main Zone and Explores New Targets
Positive
Feb 13, 2025

Benton Resources Inc. has announced a significant expansion of its Great Burnt Main Zone (GBMZ) now reaching 950 meters in strike length. This development, confirmed through recent drilling efforts, suggests a steeper plunge than initially expected and bolsters confidence in the continuity of the deposit. The company has also explored various new areas, targeting anomalies and mineralized zones, with follow-up planned post-assay analysis, enhancing Benton’s position in the mineral exploration sector.

Delistings and Listing ChangesShareholder MeetingsBusiness Operations and Strategy
Benton Resources Reschedules Meeting to Vote on Vinland Spin-Out
Positive
Feb 11, 2025

Benton Resources Inc. has rescheduled its annual and special shareholder meeting due to a postal strike, and has filed amended materials for the meeting set for March 21, 2025. Shareholders will vote on a special resolution to reorganize share capital to enable a spin-out of 2 million shares of Vinland Lithium Inc., which holds the promising Killick Lithium Project. This move could significantly impact Benton’s market position, as it will distribute a substantial portion of its Vinland shares to its shareholders, potentially enhancing shareholder value. Additionally, the TSX Venture Exchange has conditionally agreed to list Vinland’s shares, which could increase liquidity and visibility for the company.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.