Gold Springs Resource (GRC) AI Stock Analysis

• Market Cap: C$16.98M
• Dividend Yield: N/A
• Average Volume (3M): 12.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: N/A
• EPS Growth: 5.41%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 283,013,500
• 10 Day Avg. Volume: 8,754
• 30 Day Avg. Volume: 12,151
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -38.30
• 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

Gold Springs Resource's stock score is driven by significant financial challenges, including a lack of revenue and ongoing losses. The technical analysis suggests a bearish trend, and the valuation is not favorable due to negative earnings. Although the company has a stable equity base and low debt, these factors are overshadowed by the financial and operational hurdles typical of an exploration-phase mining company.

Gold Springs Resource Business Overview & Revenue Model

Company Description

Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Gold Springs gold-silver project covering approximately 7,800 hectares located in eastern Lincoln County, Nevada, and western Iron County, Utah. The company was formerly known as TriMetals Mining Inc. and changed its name to Gold Springs Resource Corp. in November 2019. Gold Springs Resource Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Gold Springs Resource Corp primarily generates revenue through the exploration and development of its mineral properties, with the goal of discovering economically viable gold and silver deposits. The company's revenue model is largely based on advancing these projects to a stage where they can either be sold to larger mining companies or brought into production, generating revenue through the sale of mined resources. Key revenue streams include the sale of mineral rights, joint ventures, and potential future production revenue. Additionally, GRC may engage in strategic partnerships or raise capital through equity financing to fund its exploration and development activities, which can contribute to its financial sustainability.

Gold Springs Resource Financial Statement Overview

Summary

Gold Springs Resource shows a challenging financial profile typical of exploration-phase mining companies. The absence of revenue and persistent losses across income, balance sheet, and cash flow statements indicate financial struggles. A strong equity position and low debt provide some stability, but the negative cash flows and lack of revenue are significant challenges.

Income Statement

Gold Springs Resource has consistently reported zero revenue, indicating no commercial production or sales. Negative net income and EBIT margins reflect substantial operating losses, characteristic of early-stage mining companies in exploration phases. The lack of revenue growth and high operating losses highlight a challenging financial trajectory.

Balance Sheet

The company maintains a strong equity base with a high equity ratio, indicating financial stability and low leverage. Minimal total debt reflects conservative financing practices, but the company's inability to generate revenue could strain future financial stability. The return on equity remains negative due to ongoing net losses.

Cash Flow

Operating cash flow is consistently negative, indicating reliance on external financing for operations. Free cash flow remains negative, highlighting cash burn typical of exploration-focused mining firms. Positive financing cash flows suggest successful capital raising efforts, but sustained negative cash flows pose a risk.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-45.63K	0.00	-53.78K	-40.88K	-26.33K	-19.64K
	EBIT
-471.93K	-539.27K	-1.15M	-1.52M	-1.01M	2.06M
	EBITDA
-595.31K	-539.27K	-1.10M	-1.48M	-986.60K	2.08M
	Net Income Common Stockholders
-719.21K	-642.02K	-1.19M	1.60M	-1.26M	-15.01M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
11.68K	84.58K	278.02K	3.82M	1.60M	3.83M
	Total Assets
44.80M	25.80M	25.78M	25.17M	23.72M	24.83M
	Total Debt
0.00	30.24K	29.53K	31.55K	31.42K	0.00
	Net Debt
-11.68K	-54.33K	-248.49K	-3.79M	-1.56M	-3.83M
	Total Liabilities
9.88M	597.30K	1.44M	587.78K	756.91K	596.98K
	Stockholders Equity
34.91M	25.20M	24.34M	24.58M	22.96M	24.23M
Cash Flow		Free Cash Flow
-109.54K	-1.58M	-623.75K	-1.18M	-1.01M	―
	Operating Cash Flow
-180.24K	-408.86K	-460.02K	-942.34K	-942.31K	-1.33M
	Investing Cash Flow
-405.31K	-1.23M	-3.54M	3.16M	-1.35M	24.36M
	Financing Cash Flow
534.05K	1.46M	530.94K	114.84K	52.27K	-19.22M

Gold Springs Resource Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRC, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.25 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GRC.

Gold Springs Resource Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	79 Outperform	C$2.86B	17.19	26.82%	―	77.93%	236.93%
EDV	73 Outperform	C$8.27B	―	-9.94%	4.03%	22.47%	-791.36%
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
GRC	36 Underperform	C$16.98M	―	-2.70%	―	―	5.41%

Gold Springs Resource Corporate Events

Gold Springs Reports Q3 Financials Amid Cost Reductions

Gold Springs Resource Corp. has released its Q3 2024 financial results, showing a decrease in both general administrative expenses and exploration spending compared to the previous year. Despite a slight increase in net loss due to equipment disposal, the company remains focused on its gold and silver exploration project in Nevada and Utah.