Element 29 Resources (ECU) AI Stock Analysis

• Market Cap: C$69.55M
• Dividend Yield: N/A
• Average Volume (3M): 114.87K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.05
• Revenue Growth: N/A
• EPS Growth: -217.22%
• Country: CA
• Employees: 1
• Sector: Energy
• Sector Strength: 42
• Industry: Copper
• EPS (TTM): >-0.01
• Shares Outstanding: 124,195,100
• 10 Day Avg. Volume: 61,219
• 30 Day Avg. Volume: 114,872
• PEG Ratio: N/A
• Price to Book (P/B): 5.30
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -29.38
• 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: ―

Element 29 Resources' stock faces significant challenges due to its weak financial performance, characterized by zero revenue and ongoing losses. While its balance sheet shows stability, the negative cash flow and reliance on external financing are concerning. The technical analysis reflects a bearish trend, and the valuation is unattractive due to negative earnings and no dividends. However, recent corporate events aimed at improving investor relations and team motivation offer a glimmer of hope for future improvements.

Element 29 Resources Business Overview & Revenue Model

Company Description

Element 29 Resources Inc. is a mineral exploration and development company primarily focused on advancing copper projects in Peru. The company's flagship properties include the Flor de Cobre and Elida projects, both of which are strategically located in regions known for significant mineral deposits. Element 29 is dedicated to responsible and sustainable mining practices, aiming to meet the growing global demand for copper, a critical component in renewable energy technologies and electrical infrastructure.

How the Company Makes Money

Element 29 Resources generates revenue primarily through the exploration and development of copper mining projects. The company aims to discover and define copper deposits that can be economically extracted and sold in the global minerals market. Revenue streams include the potential sale of copper concentrate, partnerships or joint ventures with larger mining companies, and the sale of mining rights or interests in its projects. Additionally, Element 29 may raise capital through strategic investments or public offerings to fund exploration and development activities, adding value to its mineral properties and increasing its market valuation.

Element 29 Resources Financial Statement Overview

Summary

Element 29 Resources faces significant financial challenges with no revenue and consistent net losses. While the balance sheet reflects financial stability with low leverage, the cash flow analysis highlights reliance on external financing without operational cash generation. The company's financial position suggests a need for strategic shifts to achieve sustainable growth.

Income Statement

The company consistently reports zero revenue, indicating a lack of operational income. The TTM shows increasing net losses and negative EBIT, illustrating a challenging profitability scenario. The absence of revenue growth rates further highlights stagnant or non-existent core business growth.

Balance Sheet

The company maintains a positive stockholders' equity with a strong equity ratio, indicating financial stability. Low total debt suggests minimal leverage risks. However, declining total assets and persistent negative net income may pose long-term sustainability concerns.

Cash Flow

The company has negative free cash flow and operating cash flow, indicating cash outflow challenges. Although the firm has been able to generate financing cash flows, the reliance on external funding is a potential risk given the lack of operational cash inflows.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-58.94K	-39.67K	-17.76K	-5.14K	0.00
	EBIT
-2.00M	1.93M	-3.73M	-2.92M	-2.03M
	EBITDA
-7.08M	-1.36M	-3.09M	-2.90M	-1.61M
	Net Income Common Stockholders
-7.15M	-1.92M	-5.24M	-2.91M	-2.08M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.19M	1.23M	1.08M	7.83M	6.22M
	Total Assets
13.30M	15.93M	14.54M	17.80M	12.50M
	Total Debt
13.61K	43.76K	40.00K	40.00K	40.00K
	Net Debt
-1.18M	-1.18M	-1.04M	-7.79M	-6.18M
	Total Liabilities
459.39K	177.01K	460.74K	791.34K	240.94K
	Stockholders Equity
12.84M	15.75M	14.08M	17.01M	12.26M
Cash Flow		Free Cash Flow
-1.31M	-3.26M	-7.47M	-5.20M	-2.39M
	Operating Cash Flow
-1.31M	-1.86M	-2.23M	-2.01M	-1.78M
	Investing Cash Flow
-2.31M	-1.38M	-5.25M	-3.22M	-306.01K
	Financing Cash Flow
3.58M	3.39M	720.00K	6.84M	7.88M

Element 29 Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.56
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ECU, the sentiment is Positive. The current price of 0.56 is above the 20-day moving average (MA) of 0.51, above the 50-day MA of 0.41, and above the 200-day MA of 0.43, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 65.95 is Neutral, neither overbought nor oversold. The STOCH value of 61.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ECU.

Element 29 Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	75 Outperform	$12.38B	25.63	2.66%	2.45%	-8.36%	-200.42%
IVN	69 Neutral	$15.13B	25.50	9.67%	―	―	137.28%
FM	67 Neutral	$18.00B	94.38	1.22%	―	-13.79%	―
ERO	64 Neutral	$2.24B	76.42	2.54%	―	16.82%	-67.73%
CS	64 Neutral	$5.92B	52.79	2.71%	―	37.30%	―
Sector *	57 Neutral	$7.22B	3.15	-4.49%	5.63%	0.82%	-49.15%
ECU	42 Neutral	C$69.55M	―	-52.23%	―	―	-217.22%

Element 29 Resources Corporate Events

Element 29 Resources Boosts U.S. Investor Relations and Incentivizes Team

Element 29 Resources Inc. has engaged Torrey Hills Capital to boost its visibility among investment professionals in the United States. This strategic move aims to enhance the company’s market position and attract potential investors. Additionally, Element 29 has granted stock options, restricted share units, and deferred share units to its team, aligning with its incentive plans to retain and motivate its workforce as it continues its exploration efforts in Perú.