Diamcor Mining (DMI) AI Stock Analysis

• Market Cap: $3.37M
• Dividend Yield: N/A
• Average Volume (3M): 23.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 10
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Other Precious Metals
• EPS (TTM): -0.03
• Shares Outstanding: 168,638,930
• 10 Day Avg. Volume: 33,200
• 30 Day Avg. Volume: 23,965
• 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

Diamcor Mining is currently facing significant financial challenges with negative revenue trends and poor profitability margins. The technical analysis indicates weak momentum with a bearish trend. Valuation metrics such as a negative P/E ratio further highlight investor concerns. However, a recent $5M financing deal provides some positive outlook for operational improvements. Overall, the stock is rated low, emphasizing the need for strategic improvements to mitigate financial risks.

Diamcor Mining Business Overview & Revenue Model

Company Description

Diamcor Mining Inc. (DMI) is a publicly-traded junior mining company focused on identifying, acquiring, and operating diamond mining projects. The company primarily operates in South Africa, where it manages diamond mining and exploration activities. Diamcor's core product is rough diamonds, which it extracts from its mining operations and then sells to the global market. The company aims to leverage its strategic location and expertise in diamond mining to deliver value to its shareholders.

How the Company Makes Money

Diamcor Mining makes money by extracting rough diamonds from its mining operations and selling them through tender processes to diamond buyers worldwide. The company's key revenue stream is the sale of these rough diamonds, which are sourced primarily from its flagship Krone-Endora at Venetia Project in South Africa. Diamcor partners with industry leaders and benefits from its proximity to De Beers’ Venetia Diamond Mine, which provides infrastructure support and access to a well-established diamond market. The company's earnings are influenced by factors such as diamond market prices, production volumes, and operational efficiencies.

Diamcor Mining Financial Statement Overview

Summary

Diamcor Mining faces substantial financial challenges with declining revenues, negative profitability margins, and high leverage. The negative cash flows and deteriorating balance sheet indicate significant operational and financial risks, necessitating strategic interventions to improve financial health.

Income Statement

Diamcor Mining has experienced significant revenue volatility with a declining trend, as seen by the drop from $5.76M in 2023 to negative revenue in the TTM. The gross and net profit margins are negative, indicating operational challenges. The EBIT and EBITDA margins also remain negative, reflecting ongoing profitability issues.

Balance Sheet

The company has a negative stockholders' equity position, indicating financial distress. The debt-to-equity ratio is not calculable due to negative equity, showcasing a leveraged position. Total assets have decreased, while liabilities remain high, further stressing the balance sheet.

Cash Flow

Operating and free cash flows are negative, which raises concerns about liquidity and operational efficiency. The cash flow from operations is consistently negative, and free cash flow trends are worsening, suggesting cash management issues.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
1.12M	5.77M	1.51M	3.96M	4.11M
	Gross Profit
-1.68M	1.51M	257.62K	581.30K	-388.39K
	EBIT
-4.72M	-1.32M	-1.84M	-3.72M	-3.95M
	EBITDA
-4.31M	1.61M	-255.33K	-1.71M	-1.92M
	Net Income Common Stockholders
-5.64M	-2.42M	-3.09M	-3.46M	-2.61M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
31.18K	376.34K	257.13K	32.09K	139.08K
	Total Assets
4.07M	9.00M	9.15M	9.02M	8.70M
	Total Debt
10.86M	7.02M	10.14M	8.12M	4.06M
	Net Debt
10.83M	6.64M	9.88M	8.09M	3.92M
	Total Liabilities
13.13M	11.23M	13.44M	11.48M	7.78M
	Stockholders Equity
-5.41M	2.42M	294.26K	1.25M	5.69M
Cash Flow		Free Cash Flow
-1.47M	-177.83K	-1.41M	-3.59M	-3.05M
	Operating Cash Flow
-1.47M	274.99K	-1.41M	-1.23M	-3.01M
	Investing Cash Flow
942.07K	-452.82K	-393.00	-2.34M	-40.68K
	Financing Cash Flow
492.42K	319.36K	1.59M	3.53M	2.72M

Diamcor Mining Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.02
• 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:DMI, the sentiment is Neutral. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.56 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 Neutral sentiment for TSE:DMI.

Diamcor Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGI	75 Outperform	$16.57B	41.30	8.74%	0.35%	33.75%	32.86%
MAG	57 Neutral	$2.21B	20.72	14.17%	1.24%	―	61.66%
EDR	55 Neutral	C$1.25B	―	-7.23%	―	6.18%	-515.57%
Sector *	49 Neutral	$1.93B	-1.47	-21.02%	3.74%	0.80%	-29.57%
DMI	29 Underperform	$3.37M	―	107.68%	―	―	―

Diamcor Mining Corporate Events

Diamcor Mining Secures $5M Financing to Boost Production

Diamcor Mining Inc. has signed a non-binding letter of intent for a $5 million non-dilutive financing with a Dubai-based diamond manufacturer to enhance its operations. The funds will be used to expedite processing and increase production at Diamcor’s Krone-Endora at Venetia Project, positioning the company for an anticipated market recovery in the diamond industry.