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Eloro Resources
(TSX:ELO)
Eloro Resources (ELO) vs. iShares MSCI Canada ETF (EWC)
Eloro Resources Business Overview & Revenue Model
Eloro Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -44.35K | -44.35K | -44.35K | -43.06K | -42.64K | -42.64K | EBIT |
| -2.70M | -10.31M | -8.14M | -7.05M | -4.56M | -1.17M | EBITDA |
| -10.43M | -16.95M | -8.07M | -7.00M | -4.58M | -1.23M | Net Income Common Stockholders |
| -10.48M | -17.01M | -7.99M | -7.11M | -4.67M | -1.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.49M | 4.06M | 8.83M | 9.45M | 28.31M | 44.67K | Total Assets |
| 59.49M | 59.36M | 58.49M | 37.90M | 37.81M | 5.30M | Total Debt |
| 99.97K | 133.95K | 176.59K | 216.27K | 33.97K | 76.83K | Net Debt |
| -1.11M | -3.28M | -8.63M | -9.22M | -28.23M | 61.41K | Total Liabilities |
| 1.01M | 2.45M | 1.87M | 1.24M | 1.61M | 561.04K | Stockholders Equity |
| 58.48M | 56.91M | 56.62M | 36.66M | 36.20M | 4.74M |
| Cash Flow | Free Cash Flow | ||||
| -7.11M | -14.68M | -23.67M | -20.47M | -4.39M | -852.91K | Operating Cash Flow |
| -1.86M | -2.42M | -3.81M | -3.33M | -371.04K | -462.23K | Investing Cash Flow |
| -5.41M | -13.06M | -20.24M | -17.39M | -4.01M | -79.00K | Financing Cash Flow |
| 7.04M | 9.87M | 23.34M | 1.83M | 32.62M | 567.60K |
Eloro Resources Technical Analysis
Eloro Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | C$91.89M | 28.25 | 21.41% | ― | ― | -55.15% | |
51 Neutral | $2.04B | -1.21 | -21.10% | 3.95% | 2.90% | -30.45% | |
41 Neutral | C$95.28M | ― | -8.48% | ― | 3111.09% | -120.48% | |
36 Underperform | C$119.36M | ― | -17.56% | ― | ― | 13.39% | |
| $71.70M | ― | -22.65% | ― | ― | ― | ||
| $76.43M | ― | -128.21% | ― | ― | ― | ||
| $70.32M | ― | -33.36% | ― | ― | ― |
Eloro Resources Corporate Events
Eloro Resources Ltd. announced the successful closing of a non-brokered private placement, raising $2.5 million through the sale of 2,631,578 units. The funds will be used for the exploration and development of the Iska Iska project and general corporate purposes. This strategic financial move is expected to bolster Eloro’s operations and strengthen its position in the mining industry, particularly in the development of its significant mineral assets in Bolivia and Peru.
Spark’s Take on TSE:ELO Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELO is a Underperform.
Eloro Resources’ overall stock score is primarily influenced by its financial instability, characterized by the absence of revenue, growing losses, and reliance on external funding. While positive corporate developments hint at future potential, the current financial distress and unfavorable valuation metrics present a high-risk profile, limiting the stock’s attractiveness.
To see Spark’s full report on TSE:ELO stock, click here.
Eloro Resources Ltd. announced a non-brokered private placement offering of up to 2,631,579 units at C$0.95 per unit, aiming to raise C$2,500,000. The proceeds will be used for the exploration and development of the Iska Iska project and general corporate purposes. This move is expected to bolster Eloro’s financial position and support its ongoing projects, potentially enhancing its market presence in the mining industry.
Spark’s Take on TSE:ELO Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELO is a Underperform.
Eloro Resources’ overall stock score is heavily impacted by financial instability, characterized by no revenue, increasing losses, and negative cash flows. Despite positive corporate events hinting at future potential, the current financial distress and unfavorable valuation metrics present a high-risk profile. Technical indicators provide a neutral outlook, but the fundamental weaknesses limit immediate upside potential.
To see Spark’s full report on TSE:ELO stock, click here.
Eloro Resources Ltd. has announced the initiation of a new definition drilling program at its Iska Iska silver-tin polymetallic project in Bolivia. The program aims to upgrade and expand high-grade tin and silver mineralization zones, with a focus on the Santa Barbara starter pit area. This drilling effort is expected to enhance the company’s resource model by increasing drill hole density, which has previously shown to improve grade estimates for silver and tin. The results are anticipated to support a Preliminary Economic Assessment (PEA) by expanding the known resource extents and confirming the continuity and grade of mineralization. This development is significant for Eloro’s operational strategy and could potentially increase the economic viability of the project, impacting stakeholders positively.
Spark’s Take on TSE:ELO Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELO is a Underperform.
Eloro Resources faces significant financial challenges with no revenue and increasing losses, heavily weighing down its overall stock score. The technical analysis suggests bearish trends, and negative valuation metrics further highlight the stock’s high-risk profile. While corporate events suggest potential future value, current financial instability and reliance on external funding limit the stock’s appeal.
To see Spark’s full report on TSE:ELO stock, click here.
Eloro Resources has announced the final assay results from its definition diamond drilling program at the Iska Iska silver-tin polymetallic project in Bolivia. The drilling revealed significant intervals of silver and tin-rich mineralization, with notable increases in grade as drill density improved. These results are expected to enhance the economic potential of the project and guide future drilling efforts, particularly in the Santa Barbara zone, as part of the company’s ongoing resource expansion strategy.
Spark’s Take on TSE:ELO Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELO is a Underperform.
Eloro Resources faces acute financial challenges with no revenue and increasing losses, significantly weighing down its overall stock score. While corporate events indicate potential long-term project value, current technical and valuation metrics suggest caution. The stock’s high-risk profile, due to financial instability and reliance on external funding, results in a low overall score.
To see Spark’s full report on TSE:ELO stock, click here.
Eloro Resources Ltd. announced the successful closing of a brokered private placement, raising C$5.3 million. The funds will be used for the continued exploration and development of the Iska Iska project in Bolivia, as well as for general corporate purposes and working capital. This move is expected to bolster Eloro’s financial position and support its strategic focus on advancing its mining projects, potentially enhancing its market positioning and stakeholder value.
Spark’s Take on TSE:ELO Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELO is a Underperform.
Eloro Resources faces significant financial challenges with no revenue and sustained losses, which heavily weigh on its financial performance. While corporate events have shown promising developments with potential long-term value from the Iska Iska project, the current financial instability and bearish technical indicators limit the stock’s attractiveness. Potential investors should be cautious due to the high-risk profile and reliance on external funding.
To see Spark’s full report on TSE:ELO stock, click here.
Eloro Resources Ltd. has announced that its brokered private placement is oversubscribed, with plans to raise up to C$5 million through the sale of units consisting of common shares and warrants. The funds will be used for the continued exploration and development of the Iska Iska project in Bolivia, as well as for general corporate purposes and working capital. The offering is expected to close on April 8, 2025, subject to necessary approvals, and highlights the strong investor interest in Eloro’s exploration activities.
Eloro Resources Ltd. has announced a brokered private placement to raise up to C$5 million through the sale of units, each consisting of one common share and one-half of a common share purchase warrant. The funds will be used for the continued exploration and development of the Iska Iska project in southern Bolivia, as well as for general corporate purposes and working capital. This strategic move is expected to bolster Eloro’s financial position and support its ongoing mining operations, potentially enhancing its market presence in the exploration and development sector.
Eloro Resources has announced significant findings from its definition diamond drilling program at the Iska Iska deposit in Bolivia, revealing a major expansion of a high-grade silver zone. The latest drilling results from hole DSB-75 have shown the highest grade and longest silver intersection to date, with 151.47 g Ag/t over 135 meters within a broader interval. This discovery suggests a more extensive high-grade silver mineralization than previously estimated, potentially enhancing the project’s value and drawing increased interest from stakeholders.
Eloro Resources has announced significant findings from its definition drilling program at the Iska Iska deposit in Bolivia, highlighting a major expansion of a tin zone with notable intersections. The discovery comprises a high-grade tin system alongside a large silver-zinc-lead system, potentially indicating the presence of two world-class deposits on the property. These developments could significantly enhance Eloro’s industry positioning by showcasing the potential for extensive tin and polymetallic resources, potentially impacting stakeholders positively by increasing the project’s value and future prospects.