Iconic Minerals (ICM) AI Stock Analysis

• Market Cap: C$8.85M
• Dividend Yield: N/A
• Average Volume (3M): 219.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: N/A
• EPS Growth: -101.09%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): <0.01
• Shares Outstanding: 147,509,050
• 10 Day Avg. Volume: 449,359
• 30 Day Avg. Volume: 219,266
• PEG Ratio: -1.71
• Price to Book (P/B): -4.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.48
• 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

• Rating: 43 Neutral
• Price Target: ―

Iconic Minerals is facing substantial financial challenges with no revenue and ongoing losses, which severely impact its stock score. While technical analysis shows some positive momentum, the high RSI suggests caution due to overbought conditions. Valuation metrics are also weak due to a negative P/E ratio. The recent corporate event adds a negative sentiment due to the termination of a strategic agreement, although it leaves open future possibilities. Overall, the stock's risks outweigh its potential, resulting in a low score.

Iconic Minerals Business Overview & Revenue Model

Company Description

Iconic Minerals (ICM) is a natural resource company engaged in the exploration and development of mineral properties, primarily focused on lithium and precious metals. The company operates within the mining sector and is dedicated to the identification and acquisition of high-potential mineral properties, with an emphasis on sustainable and environmentally responsible mining practices.

How the Company Makes Money

Iconic Minerals makes money through the exploration and eventual extraction of mineral resources, primarily lithium and precious metals, from its owned or partnered properties. The company's revenue model hinges on the successful discovery and development of these resources, which are then either sold directly in the commodities market or through partnerships and off-take agreements with other mining companies and industrial consumers. Additionally, Iconic Minerals may generate income through joint ventures, where it collaborates with other entities to share the costs and profits associated with mining projects. Significant partnerships with larger mining companies or technology firms can enhance its ability to monetize its mineral assets, especially in the high-demand sectors like electric vehicle manufacturing that require lithium and other critical minerals.

Iconic Minerals Financial Statement Overview

Summary

Iconic Minerals faces significant financial challenges, with no revenue generation and consistent losses. The balance sheet shows low leverage but also low equity, raising concerns about financial stability. Cash flow constraints further highlight operational difficulties, making the company's financial outlook concerning without substantial changes or revenue growth.

Income Statement

The company has not generated any revenue over the past five years, which is concerning for its sustainability. Consistent negative EBIT and net income highlight ongoing profitability challenges. However, there was a one-time gain in net income in 2023, which is not indicative of a sustainable trend.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio due to zero debt in recent years, which is a positive indicator. However, the equity ratio is low, and the company has had negative stockholders' equity in some years, indicating potential solvency issues. The high liabilities relative to assets are a concern.

Cash Flow

The company has consistently negative free cash flow, indicating ongoing operational cash constraints. While the operating cash flow improved slightly in recent years, it remains negative, and capital expenditures appear to be minimal, suggesting limited reinvestment in the business.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
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	-1.65M	-712.00K	-1.37M	-759.00K	-1.95M	-467.00K
Net Income	-1.26M	-2.28M	17.58M	-1.05M	-1.21M	586.49K
Balance Sheet
Total Assets	2.45M	2.13M	4.26M	9.01M	7.04M	4.58M
Cash, Cash Equivalents and Short-Term Investments	707.10K	403.66K	2.41M	137.39K	1.53M	643.48K
Total Debt	0.00	0.00	0.00	1.65M	1.83M	2.05M
Total Liabilities	1.56M	1.52M	1.39M	7.45M	4.58M	4.14M
Stockholders Equity	888.77K	610.66K	2.87M	1.57M	2.47M	437.98K
Cash Flow
Free Cash Flow	-251.43K	-222.80K	-3.32M	-1.04M	-1.26M	-1.11M
Operating Cash Flow	-241.83K	-222.80K	-3.32M	1.70M	29.60K	-768.59K
Investing Cash Flow	216.79K	-60.42K	-160.15K	-174.70K	579.73K	67.72K
Financing Cash Flow	0.00	0.00	-16.54K	-316.18K	1.64M	812.20K

Iconic Minerals Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ICM, the sentiment is Neutral. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.09 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ICM.

Iconic Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	44 Neutral	C$958.76M	-6.68	-13.31%	2.79%	17.55%	-32.28%
ICM	43 Neutral	C$8.85M	―	-14.93%	―	―	-101.09%
SXTY	37 Underperform	$4.17M	―	-9.04%	―	―	90.89%
AMMP	24 Underperform	C$4.30M	―	79.80%	―	―	49.36%

Iconic Minerals Corporate Events

Iconic Minerals Terminates Option Agreement for New Pass Gold Property

Iconic Minerals Ltd. has announced the termination of its option agreement with Gold Basin Resources Corporation regarding the New Pass gold property in Nevada. The agreement was terminated due to Gold Basin’s failure to meet the agreed conditions, leaving them with no interest in the property. The New Pass project, which contains significant inferred mineral resources of gold and silver, remains under Iconic’s control, potentially impacting its strategic operations and market positioning in the mining sector.