Eastfield Resources (ETF) AI Stock Analysis

• Market Cap: C$1.54M
• Dividend Yield: N/A
• Average Volume (3M): 24.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.89
• Revenue Growth: N/A
• EPS Growth: 31.43%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 82
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 61,561,584
• 10 Day Avg. Volume: 30,404
• 30 Day Avg. Volume: 24,715
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -118.40
• 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

Eastfield Resources faces significant financial challenges with zero revenue, negative earnings, and declining equity. Technical analysis indicates a bearish trend, further compounded by a negative P/E ratio. The absence of positive earnings call insights or corporate events emphasizes the company's need for strategic improvement.

Eastfield Resources Business Overview & Revenue Model

Company Description

Eastfield Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for gold, copper, nickel, silver, molybdenum, cobalt, and platinum group metals. The company holds 100% interests in the Zymo property that consists of 33 claims and fractions covering an area of approximately 9,195 hectares located in Smithers town, British Columbia; the Iron Lake property, which comprise 21 claims covering an area of approximately 8,035 hectares; and the Hedge Hog property consists of 8 mineral tenures covering an area of approximately 2,785 hectares located in Cariboo Mining division, British Columbia. It also holds 91.5% interests in the Indata property that includes 16 claims covering an area of approximately 3,189 hectares situated Omineca Mining Division, British Columbia. Eastfield Resources Ltd. was founded in 1986 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Eastfield Resources generates revenue through the exploration and development of mineral properties, primarily through joint ventures and partnerships with other mining companies. The company typically acquires early-stage exploration projects and enhances their value by conducting drilling programs, geological surveys, and other exploration activities. Once a project's potential is established, Eastfield often enters into joint venture agreements with larger mining firms, who provide funding in exchange for an interest in the property. These partnerships allow Eastfield to leverage its exploration expertise while minimizing financial risk. Additionally, the company may also earn revenue through the sale of mineral rights or royalties from producing mines.

Eastfield Resources Financial Statement Overview

Summary

Eastfield Resources exhibits significant financial challenges, characterized by zero revenue and continued losses across income statements. The balance sheet reflects declining equity and assets with moderate debt levels, while cash flow statements show negative operating and free cash flows. These factors highlight the need for strategic changes to improve financial health and sustainability.

Income Statement

The company has consistently reported zero revenue over multiple periods, indicating a lack of operational income. Gross profit margins are negative, and net income is persistently negative, reflecting ongoing operational losses. This indicates significant financial struggles and a lack of profitability.

Balance Sheet

The balance sheet shows moderate levels of debt relative to equity, with a Debt-to-Equity Ratio below 0.2 in the most recent TTM. However, the company's equity has declined over time, and the equity ratio has decreased, signaling a weakening financial position. The company's assets have also been decreasing, which could pose risks.

Cash Flow

The company has negative operating cash flows and free cash flows, indicating that it is not generating sufficient cash from its operations. The free cash flow has shown improvement from previous periods but remains negative. The operating cash flow to net income ratio is not meaningful due to negative values.

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
-37.40K	-42.20K	-33.69K	-31.98K	-30.77K	-29.24K
	EBIT
-236.45K	-206.22K	-164.07K	-163.24K	-141.66K	-147.28K
	EBITDA
-218.02K	-156.68K	-239.05K	-409.53K	258.51K	-116.31K
	Net Income Common Stockholders
-271.61K	-321.31K	-406.56K	-640.60K	456.41K	-192.57K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
353.69K	415.84K	175.70K	111.27K	258.18K	271.40K
	Total Assets
1.94M	2.01M	2.98M	3.78M	4.55M	2.61M
	Total Debt
83.24K	165.37K	249.97K	372.66K	458.31K	514.00K
	Net Debt
27.66K	100.05K	74.27K	261.39K	200.13K	242.61K
	Total Liabilities
210.17K	311.75K	403.86K	500.26K	549.53K	597.68K
	Stockholders Equity
1.73M	1.70M	2.58M	3.28M	4.00M	2.01M
Cash Flow		Free Cash Flow
-167.99K	-294.01K	-319.54K	-614.92K	-93.56K	-101.44K
	Operating Cash Flow
-127.08K	-217.71K	-149.41K	-127.22K	-88.35K	-100.29K
	Investing Cash Flow
29.33K	159.88K	-40.13K	-400.20K	113.82K	-153.44K
	Financing Cash Flow
83.55K	-52.55K	253.97K	380.51K	-38.68K	53.66K

Eastfield Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ETF, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.35 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 Positive sentiment for TSE:ETF.

Eastfield Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	58 Neutral	$9.12B	5.24	-7.59%	7.51%	0.53%	-65.25%
GMA	55 Neutral	C$13.62M	―	-58.91%	―	-83.85%	-24.32%
ETF	26 Underperform	C$1.54M	―	-14.47%	―	―	31.43%

Eastfield Resources Corporate Events

Eastfield Resources Gains Exploration Permit for Zymo

Eastfield Resources has received an exploration permit for its Zymo copper-gold project in British Columbia, opening up potential for significant mineral discoveries. The project, which covers 18,184 hectares, has already shown promising drill results and will continue exploration with 50 new drill sites authorized by the permit.