Canter Resources Corp (CRC) AI Stock Analysis

• Market Cap: C$1.82M
• Dividend Yield: N/A
• Average Volume (3M): 94.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 9.43
• Revenue Growth: N/A
• EPS Growth: -117.22%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Other Precious Metals
• EPS (TTM): -0.04
• Shares Outstanding: 45,475,403
• 10 Day Avg. Volume: 78,998
• 30 Day Avg. Volume: 94,140
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -2.50
• 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

Canter Resources Corp faces significant financial challenges due to its pre-revenue stage and reliance on external funding. While the absence of debt and positive corporate events indicate potential, the stock's current bearish technical signals and speculative valuation weigh heavily on its overall score.

Canter Resources Corp Business Overview & Revenue Model

Company Description

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How the Company Makes Money

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Canter Resources Corp Financial Statement Overview

Summary

Canter Resources Corp is in a nascent stage, typical of exploration companies in the mining sector. The absence of revenue and consistent losses highlight operational challenges, while a strong equity base without debt provides some financial stability. Continued reliance on external financing and the absence of revenue growth are significant risks that need addressing for future sustainability.

Income Statement

Canter Resources Corp reported no revenue over the periods analyzed, indicating an early-stage or pre-revenue phase typical in mining exploration. The company has consistently posted negative EBIT and net income, reflecting ongoing operational losses. The absence of revenue growth and negative profit margins are key challenges.

Balance Sheet

The balance sheet shows a strong equity position with zero debt, indicating financial stability. The company has maintained positive stockholders' equity, with a high equity ratio, which is favorable. However, the lack of significant asset growth and reliance on equity financing may pose risks if future revenue does not materialize.

Cash Flow

The company's cash flow demonstrates significant negative free cash flow, indicating high cash burn without corresponding revenue inflows. Operating cash flow remains negative, reflecting the challenges in covering operational expenses. The financing cash flow suggests reliance on external funding to support operations.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-911.61K	-1.36M	79.31K	-164.61K	-29.48K	-6.74K
	EBITDA
-1.48M	-2.22M	79.31K	-164.61K	-29.48K	-6.74K
	Net Income Common Stockholders
-2.33M	-2.22M	-323.97K	-164.61K	-29.48K	-6.74K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
769.31K	1.96M	4.28K	220.30K	204.59K	60.30K
	Total Assets
17.88M	18.17M	60.34K	391.74K	204.59K	60.30K
	Total Debt
0.00	0.00	0.00	10.00K	10.00K	0.00
	Net Debt
-769.31K	-1.96M	-4.28K	-210.30K	-194.59K	-60.30K
	Total Liabilities
122.17K	156.64K	38.81K	60.74K	23.98K	―
	Stockholders Equity
17.76M	18.01M	21.54K	331.01K	180.62K	58.31K
Cash Flow		Free Cash Flow
-3.36M	-2.55M	-216.03K	-214.29K	-17.50K	-4.75K
	Operating Cash Flow
-2.09M	-1.89M	-109.63K	-174.47K	-17.50K	-4.75K
	Investing Cash Flow
-1.11M	-665.03K	-106.40K	-99.82K	0.00	0.00
	Financing Cash Flow
199.94K	4.54M	0.00	290.00K	161.79K	0.00

Canter Resources Corp Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CRC, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.06 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CRC.

Canter Resources Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	47 Neutral	$2.35B	-2.91	-21.55%	3.59%	4.17%	-28.20%
CRC	45 Neutral	C$1.82M	―	-12.97%	―	―	-117.22%
IPT	42 Neutral	$41.57M	―	-16.38%	―	36.99%	-153.27%
MMG	39 Underperform	C$32.20M	―	-55.36%	―	―	41.78%
BAY	38 Underperform	C$12.65M	―	-349.78%	―	―	-184.91%
LEVGQ	38 Underperform	$24.88M	―	-38.12%	―	-26.28%	-148.87%

Canter Resources Corp Corporate Events

Canter Resources Expands Drilling at Columbus Project with BLM Approval

Canter Resources Corp. has received approval from the Bureau of Land Management for its amended Notice of Intent, allowing the company to expand its drilling program at the Columbus Lithium-Boron Project in Nevada. This approval enables Canter to explore deeper and more extensive lithium-boron mineralization, enhancing its exploration model by targeting key structural features and potential brine reservoirs. The company is also engaging with contractors and potential strategic partners to accelerate the drilling process, potentially impacting its operational capabilities and market positioning.

Spark’s Take on TSE:CRC Stock

According to Spark, TipRanks’ AI Analyst, (TSE:CRC) is a Neutral.

Canter Resources Corp’s overall stock score reflects significant financial challenges due to its pre-revenue stage and reliance on external funding. While the company maintains a strong equity position with no debt, the lack of revenue and negative cash flow are critical issues. Technical analysis indicates bearish momentum, and the valuation is speculative without earnings. Positive corporate events highlight project development but do not yet translate to financial performance improvement.

To see Spark’s full report on (TSE:CRC) stock, click here.

Canter Resources Advances Columbus Lithium-Boron Project with Amended Notice of Intent

Canter Resources Corp, in partnership with Sunstone Environmental Solutions, has submitted an amended Notice of Intent to the Bureau of Land Management for its Columbus Lithium-Boron Project. This amendment, which includes additional drill sites and comprehensive 3D modeling, signifies a step forward in the company’s exploration efforts, aiming to advance the project towards deeper drilling stages while maintaining environmental compliance.

Canter Resources Engages Sunstone for Columbus Project Expansion

Canter Resources Corp. has engaged Sunstone Environmental Solutions to assist with an amended Notice of Intent for its Columbus Lithium-Boron Project. This collaboration highlights Canter’s commitment to environmental compliance and operational efficiency as they explore additional high-priority drill sites identified through updated 3D modeling. The new targets offer significant opportunities to enhance understanding of mineralized zones, and the amendment ensures regulatory compliance as exploration progresses.

Canter Resources Advances Columbus Lithium-Boron Project with Updated 3D Model

Canter Resources Corp has successfully completed an updated 3D geological and geophysical model for its Columbus Lithium-Boron Project in Nevada. This advancement enhances the understanding of the basin’s structural and lithological controls, positioning the project as a significant exploration target. The model integrates extensive seismic surveys, hybrid-source audio-magnetotellurics, gravity and magnetics datasets, and historical data to identify key zones for lithium brine exploration, potentially impacting the company’s operations and increasing its competitiveness in the mineral exploration industry.