High Tide Resources Corp. (HTRC) AI Stock Analysis

• Market Cap: C$19.40M
• Dividend Yield: N/A
• Average Volume (3M): 46.12K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.82
• Revenue Growth: N/A
• EPS Growth: 26.39%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 86,227,196
• 10 Day Avg. Volume: 94,830
• 30 Day Avg. Volume: 46,122
• PEG Ratio: 0.10
• Price to Book (P/B): -10.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 74.55
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 33 Underperform
• Price Target: ―

The overall score of 33 reflects significant financial difficulties, with no revenue generation and ongoing operational losses weighing heavily on the company's outlook. Technical indicators provide limited support, and valuation metrics further highlight profitability concerns. The company must address its financial instability to improve its stock performance.

Positive Factors

Strategic Focus on High-Potential Assets

Focusing on high-potential mineral assets allows the company to maximize shareholder value by targeting projects with significant upside potential, which can lead to lucrative joint ventures or asset sales.

Partnership Opportunities

Partnerships can provide essential funding and expertise, mitigating financial risks and enhancing project development capabilities, which is crucial for long-term growth in the resource exploration sector.

Decreasing Net Loss

A decreasing net loss indicates improving operational efficiency, which could lead to eventual profitability if the trend continues, enhancing the company's financial stability over time.

Negative Factors

No Revenue Generation

The lack of revenue generation highlights operational challenges and limits the company's ability to fund its projects internally, posing a significant risk to its long-term viability.

Negative Equity Position

A negative equity position suggests financial instability, limiting the company's ability to raise capital and invest in growth opportunities, which could hinder long-term success.

Weak Cash Flow Position

Consistently negative cash flows indicate that the company is not generating sufficient cash from operations, which can constrain its ability to invest in new projects and sustain operations over time.

High Tide Resources Corp. Business Overview & Revenue Model

Company Description

High Tide Resources Corp. engages in the acquisition, exploration, and development of mineral property interests in Canada. The company primarily acquires and explores for iron ores, cobalt, nickel, copper, and precious metals deposits. Its flagship project is the Labrador West iron project covering a total area of 2,475 hectares located in Newfoundland and Labrador, Canada. The company was incorporated in 2018 and is based in Toronto, Canada.

How the Company Makes Money

High Tide Resources Corp. generates revenue through the exploration and eventual development of its mineral properties. The company earns money by identifying valuable mineral deposits and advancing these projects through exploration to increase their value. Once a project demonstrates economic viability, High Tide Resources may decide to sell the developed assets, enter into joint ventures with larger mining companies, or transition into production itself. Additionally, the company may partner with other entities for funding and expertise, reducing its financial risk while potentially earning a share of profits from successful projects. Key revenue streams may include proceeds from asset sales, royalties, and potential future mining operations, though specific financial details and partnerships are currently not disclosed.

High Tide Resources Corp. Financial Statement Overview

Summary

High Tide Resources Corp. is facing significant financial challenges, with no revenue generation and ongoing operational losses. The negative equity position and liquidity constraints limit financial flexibility, and the cash flow situation is unsustainable. The company needs to address these issues to improve its financial health.

Income Statement

High Tide Resources Corp. has reported no revenue across all periods, indicating a lack of operational income generation. While the net loss has been decreasing over the most recent periods, the consistently negative EBIT and EBITDA margins highlight ongoing operational inefficiencies.

Balance Sheet

The company has a negative equity position, which is concerning and indicates financial instability. The debt-to-equity ratio cannot be calculated due to negative equity, and the current liabilities exceed assets, suggesting liquidity issues.

Cash Flow

The cash flow position is weak, with consistently negative operating cash flows indicating the company is not generating sufficient cash from its core operations. The lack of free cash flow growth and negative free cash flow to net income ratio further emphasize cash flow challenges.

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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-385.47K	-670.86K	-1.60M	-4.42M	0.00	0.00
Net Income	-413.36K	-670.86K	-1.60M	-4.46M	-927.06K	-1.34M
Balance Sheet
Total Assets	22.03K	87.91K	454.03K	1.68M	2.48M	789.17K
Cash, Cash Equivalents and Short-Term Investments	18.48K	84.89K	69.25K	1.18M	2.35M	601.36K
Total Debt	143.75K	0.00	36.88K	91.49K	―	0.00
Total Liabilities	629.45K	447.84K	402.66K	1.06M	196.61K	1.21K
Stockholders Equity	-607.42K	-359.93K	51.37K	625.13K	2.28M	787.96K
Cash Flow
Free Cash Flow	-18.90K	52.51K	-1.98M	-2.20M	-964.21K	-451.59K
Operating Cash Flow	-18.90K	52.51K	-1.98M	-2.20M	-964.21K	-451.59K
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	0.00	-36.88K	876.54K	1.02M	2.71M	767.23K

High Tide Resources Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.22
• 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:HTRC, the sentiment is Positive. The current price of 0.22 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.19, and above the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.24 is Neutral, neither overbought nor oversold. The STOCH value of 85.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HTRC.

High Tide Resources Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CBI	51 Neutral	C$9.08M	-6.43	-38.11%	―	―	25.69%
BEA	48 Neutral	C$5.96M	-4.79	-33.24%	―	―	-45.45%
CRUZ	45 Neutral	C$5.70M	-5.26	-24.99%	―	―	27.50%
CQX	40 Underperform	C$11.72M	-2.09	-104.07%	―	―	76.54%
HTRC	33 Underperform	C$19.40M	-42.45	―	―	―	26.39%
LXM	32 Underperform	C$10.40M	-9.81	―	―	―	-42.55%

High Tide Resources Corp. Corporate Events

High Tide Resources Advances Labrador West Iron Ore Project with Key Testing Milestone

High Tide Resources Corp. has shipped 5.6 tonnes of drill core samples from its Labrador West Iron Ore Project for testing in Germany, aiming to produce a Direct Reduction grade pellet for low-carbon steelmaking. This milestone is crucial for the project’s advancement, as the test results will inform the upcoming Preliminary Economic Assessment and enhance the project’s positioning in the iron ore market, leveraging the region’s infrastructure and resource quality.