Macdonald Mines Exploration (BMK) AI Stock Analysis

• Market Cap: C$3.55M
• Dividend Yield: N/A
• Average Volume (3M): 108.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: N/A
• EPS Growth: 84.51%
• Country: CA
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Mining
• EPS (TTM): >-0.01
• Shares Outstanding: 39,477,158
• 10 Day Avg. Volume: 59,061
• 30 Day Avg. Volume: 108,554
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -4.60
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

The overall score reflects severe financial difficulties, marked by zero revenue, persistent losses, negative equity, and poor cash flow. Although there is some short-term technical momentum, the negative P/E ratio and lack of dividends signal significant valuation concerns. These financial and valuation weaknesses heavily weigh down the stock's attractiveness.

Macdonald Mines Exploration Business Overview & Revenue Model

Company Description

MacDonald Mines Exploration Ltd is a Canadian gold exploration company. The company is primarily involved in the identification, acquisition, and development of properties in Ontario and Quebec, Canada. Its project includes SPJ Gold; Wawa-Holdsworth and Charlevoix Silica Property.

How the Company Makes Money

Macdonald Mines Exploration Ltd. generates revenue primarily through the exploration and potential development of mineral properties. The company's key revenue streams include the sale of exploration rights, partnerships, and joint ventures with larger mining companies, and the eventual sale or leasing of developed mining sites. Additionally, earnings can be bolstered through strategic alliances, potential government grants or incentives for exploration activities, and successful capital raises from investors to fund ongoing exploration efforts. However, as an exploration-focused company, immediate and consistent revenue generation is often limited until significant mineral deposits are discovered and developed.

Macdonald Mines Exploration Financial Statement Overview

Summary

Macdonald Mines Exploration is facing significant financial challenges, characterized by zero revenue, continuous losses, negative equity, and poor cash flow. The lack of income and deteriorating balance sheet position pose serious concerns for the company's financial health.

Income Statement

The company has not generated any revenue over the past periods, indicating a lack of operational success. Persistent negative EBIT and net income highlight ongoing losses without any signs of improvement or revenue growth.

Balance Sheet

The balance sheet reveals negative stockholders' equity, suggesting financial distress. Zero total debt provides some relief, but the substantial liabilities and negative equity ratio are concerning.

Cash Flow

The cash flow statement shows consistent negative free cash flow and operating cash flow, reflecting poor cash management and operational inefficiency. Minimal financing activity is noted, but overall cash flow remains negative.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	74.00K
	Gross Profit
0.00	-6.07K	-23.13K	-27.67K	-9.29K	57.86K
	EBIT
-503.08K	-954.55K	-1.47M	-3.27M	-4.18M	-4.27M
	EBITDA
-503.08K	-758.26K	-1.41M	-3.07M	-3.35M	-4.26M
	Net Income Common Stockholders
-175.58K	-764.32K	-1.61M	-3.10M	-3.36M	-4.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
362.40K	57.88K	436.68K	1.29M	2.65M	851.77K
	Total Assets
460.21K	103.06K	585.61K	1.73M	2.94M	1.34M
	Total Debt
0.00	0.00	0.00	0.00	39.64K	0.00
	Net Debt
-351.99K	-57.88K	-403.38K	-1.08M	-1.84M	-847.45K
	Total Liabilities
1.72M	571.50K	835.66K	615.13K	709.47K	1.50M
	Stockholders Equity
-1.26M	-468.44K	-250.05K	1.11M	2.23M	-163.56K
Cash Flow		Free Cash Flow
-72.11K	-795.57K	-991.91K	-3.22M	-3.90M	-2.60M
	Operating Cash Flow
-72.11K	-795.57K	-991.91K	-3.18M	-3.87M	-2.60M
	Investing Cash Flow
0.00	0.00	49.12K	738.01K	-27.85K	0.00
	Financing Cash Flow
13.27K	450.07K	265.69K	1.64M	4.93M	3.10M

Macdonald Mines Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BMK, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.33 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BMK.

Macdonald Mines Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	46 Neutral	$2.64B	-3.89	-29.36%	3.33%	2.89%	-29.66%
LIO	46 Neutral	C$84.86M	―	-12.04%	―	3111.09%	-120.48%
RDS	42 Neutral	C$105.50M	―	-1.81%	―	―	50.00%
BMK	37 Underperform	C$3.55M	―	25.02%	―	―	84.51%
EXN	27 Underperform	C$15.14M	―	-2891.22%	―	-100.00%	-53.83%
FPC	25 Underperform	C$51.70M	―	-7.12%	―	―	-9.60%

Macdonald Mines Exploration Corporate Events

MacDonald Mines to be Acquired by Canuc Resources

MacDonald Mines Exploration Ltd. has entered a non-binding letter of intent with Canuc Resources Corporation, where Canuc will acquire all of MacDonald’s issued and outstanding shares. Canuc will issue 72 million common shares, valued at approximately $3.37 million, to MacDonald’s shareholders. The transaction’s completion is subject to multiple conditions, including regulatory approvals and due diligence by Canuc. If successful, MacDonald’s shares will be delisted from the TSX Venture Exchange, and its shareholders will become Canuc shareholders. The announcement could significantly impact MacDonald’s operational strategy and market presence.

MacDonald Mines Corrects Acquisition Agreement with Canuc Resources

MacDonald Mines Exploration Ltd. announced a correction to a previous release regarding a non-binding letter of intent with Canuc Resources Corporation, in which Canuc will acquire all outstanding shares of MacDonald Mines for $5,040,000, rather than the initially stated $3,365,400. The transaction’s completion depends on various conditions including shareholder and regulatory approvals, and due diligence by Canuc. If successful, MacDonald Mines’ shares will be delisted from the TSX Venture Exchange, and its shareholders will become shareholders of Canuc, potentially impacting the company’s market presence and operations.

MacDonald Mines Raises $500,000 in Private Placement

MacDonald Mines Exploration Ltd. has successfully closed a non-brokered private placement, raising $500,000 to fund developments at its SPJ Project and for general working capital. The company issued 10,000,000 units at $0.05 per unit, with insiders acquiring 8% of the total proceeds. The offering is pending final approval from the TSX Venture Exchange.