Coast Copper Corp (COCO) AI Stock Analysis

• Market Cap: C$3.73M
• Dividend Yield: N/A
• Average Volume (3M): 57.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: N/A
• EPS Growth: 58.28%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 74,651,690
• 10 Day Avg. Volume: 36,300
• 30 Day Avg. Volume: 57,097
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Coast Copper Corp's overall score reflects its challenging financial performance with significant operational losses and no revenue. Despite modest positive momentum in technical indicators and strategic acquisitions improving exploration prospects, financial stability remains a major concern, leading to a low overall stock score.

Coast Copper Corp Business Overview & Revenue Model

Company Description

Coast Copper Corp (COCO) is a mineral exploration company focused on the acquisition, exploration, and development of copper projects. The company operates within the mining and natural resources sector, with a particular emphasis on identifying and advancing copper-rich properties. Its core activities include geological exploration, resource assessment, and the potential development of mining operations to extract copper and other valuable minerals.

How the Company Makes Money

Coast Copper Corp makes money primarily through the discovery, development, and eventual sale or partnership of copper mining projects. The company invests in exploration activities to identify copper-rich deposits and advance these projects to a stage where they can be monetized. Revenue streams include selling stakes in promising projects to larger mining companies, entering joint ventures, or licensing the rights to extract minerals. Additionally, if a project advances to production, COCO can generate income from the sale of extracted copper and associated minerals. Key factors contributing to earnings include successful exploration outcomes, favorable market conditions for copper, and strategic partnerships with larger mining entities.

Coast Copper Corp Financial Statement Overview

Summary

Coast Copper Corp is facing significant financial challenges, primarily characterized by a lack of revenue and continuous operational losses. The balance sheet shows some improvement in equity, but overall financial health is weak, with negative cash flow from operations and no clear path to profitability.

Income Statement

Coast Copper Corp has faced consistent revenue challenges with zero revenue reported over multiple periods. The negative EBIT and net income indicate ongoing operational difficulties. The company has not been able to generate gross profit, and the net losses are substantial, reflecting a challenging financial position.

Balance Sheet

Despite the absence of debt, which reflects prudent financial management, the company has a negative equity situation as of 2019, which has improved in recent years. The current equity position is positive, but the absence of revenue and high liabilities relative to assets pose potential risks.

Cash Flow

The cash flow situation is concerning with negative free cash flows over the years, indicating that the company is not generating sufficient cash from operations to cover its investments. Positive investing cash flow suggests asset sales or similar activities, but the consistent negative operating cash flow highlights operational inefficiencies.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-1.71K	-567.00	0.00	0.00	0.00
	EBIT
-890.85K	-3.89M	-1.70M	-1.00M	-358.42K
	EBITDA
-890.85K	-1.69M	-1.28M	-1.00M	-358.42K
	Net Income Common Stockholders
-972.01K	303.80K	-1.28M	-925.92K	-295.14K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
319.88K	416.64K	1.57M	1.49M	159.01K
	Total Assets
2.49M	3.28M	2.68M	2.30M	164.03K
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-36.73K	-80.90K	-1.45M	-1.46M	-159.01K
	Total Liabilities
205.69K	126.63K	382.48K	166.31K	411.36K
	Stockholders Equity
2.28M	3.16M	2.30M	2.14M	-247.33K
Cash Flow		Free Cash Flow
-1.02M	-1.98M	-1.62M	-1.08M	-28.33K
	Operating Cash Flow
-817.33K	-1.78M	-1.50M	-1.00M	-28.33K
	Investing Cash Flow
773.16K	9.52K	-103.83K	-52.11K	0.00
	Financing Cash Flow
0.00	402.00K	1.59M	2.36M	0.00

Coast Copper Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:COCO, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.32 is Neutral, neither overbought nor oversold. The STOCH value of -16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:COCO.

Coast Copper Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IVN	69 Neutral	$18.61B	31.19	9.67%	―	―	137.28%
Sector *	49 Neutral	$1.96B	-1.23	-21.20%	3.72%	0.95%	-28.96%
WRN	46 Neutral	$330.00M	―	-4.25%	―	―	-77.62%
TK	43 Neutral	C$14.30M	―	-1.26%	―	―	35.14%
COCO	39 Underperform	C$3.73M	―	-18.36%	―	―	58.28%
NCX	33 Underperform	C$180.58M	―	-56.82%	―	―	-62.76%

Coast Copper Corp Corporate Events

Coast Copper Expands Footprint in Promising Toodoggone Mining Camp

Coast Copper Corp has acquired three new properties in the Toodoggone mining camp in northcentral British Columbia, adjacent to significant players like Amarc Resources, Centerra Gold, and TDG Gold. This strategic acquisition, which includes the Borealis, Northern Contact, and Loren properties, positions Coast Copper to potentially capitalize on the region’s rich mineral prospects, highlighted by recent discoveries and historical exploration results. The move underscores the company’s commitment to expanding its footprint in a region known for its past-producing mines and promising development projects.

Spark’s Take on TSE:COCO Stock

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

Coast Copper Corp’s overall score reflects its challenging financial performance, with significant operational losses and no revenue. The technical indicators show modest positive momentum, but the negative P/E ratio signals valuation concerns. Recent acquisitions improve future exploration prospects, but financial stability remains a major issue.

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

Coast Copper Expands Holdings with Copper Kettle Property Acquisition

Coast Copper Corp announced the acquisition of the Copper Kettle property, strategically located between the past-producing Island Copper Mine and Northisle Copper and Gold Inc.’s North Island project. This acquisition enhances Coast Copper’s positioning within a 50-kilometer trend known for porphyry copper-gold deposits, potentially boosting its exploration prospects. The Copper Kettle property, covering 2,582 hectares, is noted for its historical exploration results indicating significant copper and gold mineralization, which could impact the company’s future operations and stakeholder interests.