Gold Springs Resource (GRC) AI Stock Analysis

• Market Cap: C$21.23M
• Dividend Yield: N/A
• Average Volume (3M): 9.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.06
• Revenue Growth: N/A
• EPS Growth: -3.13%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 283,013,500
• 10 Day Avg. Volume: 15,404
• 30 Day Avg. Volume: 9,340
• 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 overall score is low due to its significant financial challenges, including ongoing losses and negative cash flows. While technical indicators suggest a slight upward trend, poor valuation metrics and the recent financial results with increased exploration spending contribute to a cautious outlook. The stable asset base is overshadowed by liquidity risks and the inability to generate revenue.

Gold Springs Resource Business Overview & Revenue Model

Company Description

Gold Springs Resource (GRC) is a mineral exploration company primarily focused on the discovery and development of gold and silver deposits. The company operates within the mining sector and is dedicated to exploring and advancing its flagship Gold Springs project, which spans across the Nevada-Utah border in the United States. GRC aims to leverage its extensive property holdings to identify and develop economically viable mining operations.

How the Company Makes Money

Gold Springs Resource makes money primarily through the exploration and development of mineral resources, specifically focusing on gold and silver deposits. The company's revenue model is centered around the discovery and advancement of mining projects that can be sold or developed into producing mines. Key revenue streams include the sale of mineral rights, joint ventures, and partnerships with larger mining companies who may fund exploration in exchange for a stake in the project. Additionally, the company may generate income from any future production of gold and silver from its properties. Strategic partnerships, along with favorable market conditions for precious metals, significantly contribute to GRC's earnings potential.

Gold Springs Resource Financial Statement Overview

Summary

Gold Springs Resource faces significant financial challenges due to zero revenue generation, leading to negative profits and cash flows. The balance sheet shows a stable asset base, but profitability is lacking, and the company relies on external financing.

Income Statement

Gold Springs Resource has consistently reported zero revenue, leading to negative gross profit, EBIT, and net income margins. The company's inability to generate revenue poses a significant risk to its financial health. Although some expense management is evident, the overall financial performance remains weak.

Balance Sheet

Despite positive stockholders' equity, the company's balance sheet reveals a reliance on equity over debt, as reflected by a low debt-to-equity ratio. However, the company is not generating returns due to persistent net losses, which negatively impact its return on equity. The equity ratio is strong, indicating a stable asset base, but profitability is lacking.

Cash Flow

Operating cash flow remains negative, and free cash flow is consistently poor due to the absence of revenue. The company's cash flow from financing activities reflects continued reliance on external funding. Free cash flow to net income ratios cannot offset the lack of operating cash flow, indicating potential liquidity risks.

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
-56.63K	0.00	-53.78K	-40.88K	-26.33K	-19.64K
	EBIT
-565.57K	-539.27K	-1.15M	-1.52M	-1.01M	2.06M
	EBITDA
-571.01K	-539.27K	-1.10M	-1.48M	-986.60K	2.08M
	Net Income Common Stockholders
-676.99K	-642.02K	-1.19M	1.60M	-1.26M	-15.01M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
36.01K	84.58K	278.02K	3.82M	1.60M	3.83M
	Total Assets
26.18M	25.80M	25.78M	25.17M	23.72M	24.83M
	Total Debt
27.80K	30.24K	29.53K	31.55K	31.42K	0.00
	Net Debt
-8.21K	-54.33K	-248.49K	-3.79M	-1.56M	-3.83M
	Total Liabilities
1.47M	597.30K	1.44M	587.78K	756.91K	596.98K
	Stockholders Equity
24.71M	25.20M	24.34M	24.58M	22.96M	24.23M
Cash Flow		Free Cash Flow
-183.11K	-1.58M	-623.75K	-1.18M	-1.01M	―
	Operating Cash Flow
-253.82K	-408.86K	-460.02K	-942.34K	-942.31K	-1.33M
	Investing Cash Flow
-559.35K	-1.23M	-3.54M	3.16M	-1.35M	24.36M
	Financing Cash Flow
763.55K	1.46M	530.94K	114.84K	52.27K	-19.22M

Gold Springs Resource Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.08 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 150.00 is Negative, 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	81 Outperform	C$3.06B	19.77	26.82%	―	77.93%	236.93%
EDV	73 Outperform	C$9.17B	―	-9.94%	3.63%	22.47%	-791.36%
NGD	73 Outperform	$3.81B	27.40	11.14%	―	18.32%	―
BTO	66 Neutral	$5.90B	―	-18.54%	4.46%	-0.18%	-2195.85%
Sector *	49 Neutral	$1.95B	-1.50	-22.00%	3.79%	0.66%	-27.40%
GRC	43 Neutral	C$21.23M	―	-2.70%	―	―	-3.13%

Gold Springs Resource Corporate Events

Gold Springs Resource Corp. Reports 2024 Financial Results with Increased Exploration Spending

Gold Springs Resource Corp. has released its audited financial statements for 2024, reporting a net loss of $0.68 million. The company saw a decrease in general and administrative expenses but increased exploration spending. The financial results reflect a loss on equipment disposal and reduced foreign exchange gains, with cash reserves at $0.04 million at year-end.