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Desert Mountain Energy Corp
(DME)
Desert Mountain Energy Corp (DME) vs. S&P 500 (SPY)
Desert Mountain Energy Corp Business Overview & Revenue Model
Desert Mountain Energy Corp Financial Statement Overview
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 860.34K | 1.74M | 443.92K | 0.00 | 0.00 | Gross Profit |
| -409.67K | 276.60K | 244.42K | -5.06K | -1.60K | EBIT |
| 0.00 | -6.11M | -5.78M | -6.12M | -1.87M | EBITDA |
| -5.08M | -6.22M | -6.34M | -7.89M | -1.63M | Net Income Common Stockholders |
| -4.58M | -11.59M | -9.14M | -8.78M | -1.50M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.18M | 12.09M | 12.52M | 26.82M | 10.61M | Total Assets |
| 50.53M | 59.45M | 40.02M | 34.52M | 13.55M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -1.18M | -12.09M | -12.23M | -26.61M | -10.09M | Total Liabilities |
| 3.30M | 8.68M | 2.71M | 666.93K | 75.72K | Stockholders Equity |
| 47.23M | 50.77M | 37.31M | 33.85M | 13.47M |
| Cash Flow | Free Cash Flow | |||
| -9.71M | -14.14M | -13.61M | -5.79M | -2.38M | Operating Cash Flow |
| -2.63M | -4.70M | -3.52M | -1.60M | -873.36K | Investing Cash Flow |
| -8.28M | -16.88M | -17.86M | -4.18M | -928.17K | Financing Cash Flow |
| 0.00 | 21.43M | 7.00M | 22.31M | 11.85M |
Desert Mountain Energy Corp Technical Analysis
Desert Mountain Energy Corp Peers Comparison
Desert Mountain Energy Corp Corporate Events
Desert Mountain Energy Corp. has entered into a strategic agreement with Sustany Holdings to construct a large data center powered by a mix of grid electricity, solar energy, and natural gas. This agreement ensures a long-term end user for DME’s natural gas and a significant portion of its helium output. The company plans to enhance its infrastructure by upgrading flow lines and adding a nitrogen separation unit to meet gas purity standards, which will temporarily halt production but is expected to boost future output. DME’s operations are environmentally conscious, with no methane leakage issues, and the Bureau of Land Management has approved temporary production suspensions for these upgrades. The company is also exploring further integration with the Southwest Power Grid and expanding solar facilities, aiming to reduce operational losses while advancing projects in Arizona and New Mexico.
Spark’s Take on TSE:DME Stock
According to Spark, TipRanks’ AI Analyst, TSE:DME is a Neutral.
Desert Mountain Energy Corp’s overall stock score reflects significant financial and operational challenges, including negative income and cash flow metrics, and a bearish technical outlook. Although recent corporate events offer some optimism, the company’s valuation remains unattractive, and profitability is a major concern.
To see Spark’s full report on TSE:DME stock, click here.
Desert Mountain Energy Corp. has announced significant advancements in its helium and hydrogen operations, including the formation of a UK subsidiary and securing an exploration license in Devon, UK. The company is also collaborating with Hethos Ltd. to explore helium and hydrogen in the UK and the US, with minimal initial capital expenditure. Additionally, DME is investing in technology development through partnerships to create cost-effective extraction methods. The Arizona Court of Appeals recently ruled in favor of DME, supporting its ongoing operations and regulatory collaborations in Arizona.
Spark’s Take on TSE:DME Stock
According to Spark, TipRanks’ AI Analyst, TSE:DME is a Underperform.
Desert Mountain Energy Corp is currently facing significant financial challenges with negative profitability and cash flow issues. Despite a strong balance sheet with no debt, these financial weaknesses are a major concern. Technical analysis indicates bearish trends, further complicating the outlook. Valuation metrics are unattractive due to ongoing losses. However, recent corporate developments, including regulatory progress and strategic partnerships, provide some optimism for future growth potential.
To see Spark’s full report on TSE:DME stock, click here.
Desert Mountain Energy Corp. has announced an extension of its non-brokered private placement offering, initially announced in February, by an additional 30 days to May 16, 2025. This extension may impact the company’s funding and operational timelines, potentially affecting its strategic initiatives in the resource exploration sector.
Spark’s Take on TSE:DME Stock
According to Spark, TipRanks’ AI Analyst, TSE:DME is a Neutral.
Desert Mountain Energy Corp’s overall stock score is driven by significant financial challenges, including negative profitability and cash flow issues. The company’s strong balance sheet without debt provides some stability, but operational inefficiencies and the lack of profitability remain major concerns. Despite these challenges, recent corporate events, such as securing additional funding and regulatory advancements, offer potential for improved market position and future growth. The technical analysis suggests mixed signals, while valuation reflects the high-risk nature of the investment.
To see Spark’s full report on TSE:DME stock, click here.
Desert Mountain Energy Corp. has announced significant progress on Arizona’s Senate Bill 1444, which seeks to establish responsible helium exploration and production regulations. The bill has advanced to the Arizona House of Representatives with bipartisan support and is pending further review. Additionally, the company has successfully closed the second tranche of its non-brokered private placement, raising a total of C$756,500. This financial move supports the company’s ongoing efforts in helium exploration and production, potentially strengthening its market position and operational capabilities.
Desert Mountain Energy Corp. announced a favorable ruling from the Arizona Court of Appeals, which declared the City of Flagstaff’s claims against the company null and void. This legal victory, following a four-year battle, is expected to positively impact the company’s operations and strengthen its position in the resource industry, particularly in helium extraction.
Desert Mountain Energy Corp. has entered into an exclusive licensing agreement with Hethos Ltd. for a helium extraction plant design in South West England. This agreement allows Desert Mountain Energy to receive a 5% royalty on helium gases extracted and participate as an operator in projects within the designated area. The plant is designed to be energy-efficient, utilizing alternative energy sources like solar and wind power, which aligns with the company’s focus on sustainable practices. This strategic move enhances Desert Mountain Energy’s operational flexibility and positions it favorably in the helium and hydrogen exploration and production sectors.
Desert Mountain Energy Corp. has successfully closed the first tranche of its non-brokered private placement, raising C$514,000 through the issuance of 2,056,000 units. Each unit includes a common share and a warrant, allowing further share purchases at a specified price. This financial move is expected to support the company’s ongoing operations and strategic goals in the helium and natural gas sectors, potentially enhancing its market position and offering value to stakeholders.
Desert Mountain Energy Corp. announced the successful passage of Arizona Senate Bill 1444 by the Senate Committee on Natural Resources, which facilitates responsible helium exploration and production. The bill, supported by major industry organizations, aims to establish clear regulations for helium extraction, balancing economic benefits with environmental protection. This legislation is set to advance to the Arizona House of Representatives, with potential positive implications for the company and the state’s economy, particularly in education funding.
Desert Mountain Energy Corp. has announced a non-brokered private placement offering aimed at raising up to CAD $2 million. The funds will support the development of the company’s natural gas and helium projects in New Mexico and Arizona, as well as general corporate purposes. The private placement involves selling up to 8 million units, each consisting of a common share and a share purchase warrant, with the proceeds enhancing the company’s project development and operational capabilities.