Carmanah Minerals Corp. (CARM) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 48.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 52,950,104
• 10 Day Avg. Volume: 8,021
• 30 Day Avg. Volume: 48,593
• PEG Ratio: -0.47
• Price to Book (P/B): -44.10
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.07
• 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

• Rating: 42 Neutral
• Price Target: ―

Carmanah Minerals Corp. is currently in a challenging financial position, with negative equity and cash flow concerns severely impacting its stock score. The technical analysis aligns with the financial weakness, indicating a bearish trend. However, the recent acquisition of a promising gold-silver project may offer a strategic opportunity for recovery. Despite the corporate event's positive sentiment, significant financial challenges remain, keeping the overall score low.

Carmanah Minerals Corp. Business Overview & Revenue Model

Company Description

Carmanah Minerals Corp. (CARM) is a company engaged in the exploration and development of mineral properties, primarily focusing on the mining sector. The company's core activities include the identification, acquisition, and exploration of mineral-rich areas with the potential for economic extraction, specifically targeting resources such as gold, silver, and other precious metals.

How the Company Makes Money

Carmanah Minerals Corp. generates revenue through the exploration and development of mineral properties. The company seeks to discover economically viable mineral deposits that can be extracted and sold for profit. Revenue is primarily derived from the sale of these minerals once they reach production stages. Additionally, the company may engage in strategic partnerships or joint ventures with other mining companies to share resources, expertise, and risks associated with mineral exploration and development, further contributing to its earnings. However, as a company primarily involved in exploration, Carmanah Minerals may not generate consistent revenue until its projects reach the production phase.

Carmanah Minerals Corp. Financial Statement Overview

Summary

Carmanah Minerals Corp. is facing severe financial difficulties, including consistent net losses, negative equity, and negative free cash flow. The absence of revenue generation and increasing financial strain are critical concerns for the company's financial health. Despite having no debt, the financial instability is a significant issue for stakeholders.

Income Statement

Carmanah Minerals Corp. has consistently reported zero revenue over the examined periods, indicating a lack of operational income. The net losses have widened over time, signaling growing financial strain. With EBIT and EBITDA also negative, the company is not currently profitable nor generating operating income.

Balance Sheet

The balance sheet reveals a concerning situation where stockholders' equity has turned negative in the latest period, indicating liabilities exceed assets. While the company has no debt, which is a positive, the negative equity suggests financial instability. The equity ratio has deteriorated from previous years, reflecting a decrease in asset coverage.

Cash Flow

Cash flow analysis shows negative free cash flow, highlighting cash outflows exceeding cash generated from operations. Despite negative operating cash flow, there is no debt burden. However, the inability to generate positive cash flows poses a long-term sustainability risk.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00
EBITDA	-216.39K	-492.17K	-116.00K	0.00
Net Income	-976.04K	-608.26K	-116.00K	-34.39K
Balance Sheet
Total Assets	466.64K	661.01K	68.81K	129.44K
Cash, Cash Equivalents and Short-Term Investments	65.67K	288.57K	17.43K	71.77K
Total Debt	0.00	0.00	0.00	0.00
Total Liabilities	130.74K	44.74K	104.47K	59.49K
Stockholders Equity	335.90K	616.27K	-35.66K	69.94K
Cash Flow
Free Cash Flow	-234.57K	-668.04K	-54.35K	―
Operating Cash Flow	-99.57K	-535.54K	-14.35K	―
Investing Cash Flow	-165.00K	-132.50K	-40.00K	0.00
Financing Cash Flow	41.67K	939.19K	0.00	―

Carmanah Minerals Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CARM, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 36.28 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CARM.

Carmanah Minerals Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SCZ	69 Neutral	C$480.40M	7.97	32.65%	―	30.08%	-67.68%
Sector *	44 Neutral	C$967.00M	-6.65	-13.73%	2.47%	17.55%	-32.57%
EMO	42 Neutral	C$372.41M	―	-47.70%	―	―	51.26%
CARM	42 Neutral		―	12342.61%	―	―	―
LITH	41 Neutral	C$123.98M	19.42	11.66%	―	―	-7.56%
FURY	40 Underperform	$115.44M	―	-84.30%	―	―	-501.01%
BMET	35 Underperform	$10.30M	―	-12.01%	―	―	-26.55%

Carmanah Minerals Corp. Corporate Events

Carmanah Minerals Acquires Promising Gold-Silver Project in Newfoundland

Carmanah Minerals Corp. has announced an option agreement to acquire a 100% interest in the Heritage Project, a district-scale gold-silver asset in Newfoundland’s Burin Peninsula. This acquisition positions Carmanah as a first-mover in a largely overlooked district with high-grade gold and bonanza-grade silver potential, potentially leading to Newfoundland’s next major discovery.