Gold Springs Resource (GRC) AI Stock Analysis

• Market Cap: C$21.23M
• Dividend Yield: N/A
• Average Volume (3M): 46.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.18
• Revenue Growth: N/A
• EPS Growth: -3.13%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 283,013,500
• 10 Day Avg. Volume: 24,473
• 30 Day Avg. Volume: 46,896
• PEG Ratio: 0.20
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -23.19
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -390.35
• Enterprise Value/Ebitda: -9.16
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: ―

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 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 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 is facing severe financial difficulties due to its inability to generate revenue, leading to ongoing losses and negative cash flows. The balance sheet shows a reliance on equity over debt, but the lack of profit generation and liquidity challenges are significant concerns.

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
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
0.00	0.00	-53.78K	-40.88K	-26.33K
	EBIT
-497.00K	-539.00K	-1.02M	-1.52M	-858.00K
	EBITDA
-497.00K	-539.00K	-1.10M	-1.48M	-987.00K
	Net Income Common Stockholders
-677.00K	-642.00K	-1.17M	1.12M	-1.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
36.01K	84.58K	278.02K	3.82M	1.60M
	Total Assets
26.18M	25.80M	25.78M	25.17M	23.72M
	Total Debt
27.80K	30.24K	29.53K	31.55K	31.42K
	Net Debt
-8.21K	-54.33K	-248.49K	-3.79M	-1.56M
	Total Liabilities
1.47M	597.30K	1.44M	587.78K	756.91K
	Stockholders Equity
24.71M	25.20M	24.34M	24.58M	22.96M
Cash Flow		Free Cash Flow
-253.82K	-1.58M	-623.75K	-1.18M	-1.01M
	Operating Cash Flow
-253.82K	-408.86K	-460.02K	-942.34K	-942.31K
	Investing Cash Flow
-559.35K	-1.23M	-3.54M	3.16M	-1.35M
	Financing Cash Flow
763.55K	1.46M	530.94K	114.84K	52.27K

Gold Springs Resource Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Negative
• 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:GRC, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.52 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 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
NGD	77 Outperform	$5.21B	28.89	14.62%	―	23.61%	―
KNT	77 Outperform	C$3.85B	15.19	39.28%	―	105.06%	481.75%
BTO	76 Outperform	C$6.63B	―	-17.61%	2.19%	5.97%	-1677.31%
EDV	76 Outperform	C$10.15B	―	-3.12%	3.92%	59.60%	-74.74%
Sector *	51 Neutral	$1.99B	-1.26	-21.11%	5.30%	2.92%	-30.46%
GRC	43 Neutral	C$21.23M	―	-2.74%	―	―	-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.