Linear Minerals (LINE) AI Stock Analysis

• Market Cap: $2.87M
• Dividend Yield: N/A
• Average Volume (3M): 61.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: N/A
• EPS Growth: 58.27%
• Country: CA
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Mining
• EPS (TTM): N/A
• Shares Outstanding: 63,835,285
• 10 Day Avg. Volume: 94,447
• 30 Day Avg. Volume: 61,026
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.55
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -4.35K
• Enterprise Value/Ebitda: -0.56
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: ―

Linear Minerals Corp faces significant financial challenges with ongoing losses and negative cash flows, which are reflected in its low valuation. The technical analysis indicates a bearish trend, further dampening short-term prospects. However, the promising lithium exploration results offer a brighter long-term outlook, potentially enhancing its resource base and future production capabilities. Overall, the stock score is lower due to the predominant financial weaknesses, but opportunities in lithium exploration provide a glimmer of hope.

Linear Minerals Business Overview & Revenue Model

Company Description

First Energy Metals Ltd. is a junior resource company, which engages in the acquisition, exploration and development of mineral properties. Its projects include Phyllis Cobalt, and Russel Graphite Properties. The company was founded on October 12, 1966 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Linear Minerals makes money through the extraction and sale of mineral commodities. The company's revenue model is primarily based on mining operations, where it extracts raw minerals from its mining sites and sells them to industrial customers. Key revenue streams include contracts and agreements with manufacturing companies that require a steady supply of minerals for their production processes. The company may also enter into joint ventures or partnerships with other mining firms to optimize resource extraction and distribution. Additionally, global market demand and commodity prices play a significant role in influencing the company's earnings, as they impact the value and sales volume of the extracted minerals.

Linear Minerals Financial Statement Overview

Summary

FE Battery Metals faces substantial financial challenges, with ongoing losses and negative cash flows. While the company is free from debt, its inability to generate revenue and the consequent impact on profitability and cash sustainability are major concerns. The strong equity position provides some financial stability in the long term.

Income Statement

The company has reported zero revenue consistently, highlighting a significant challenge in generating sales. Gross profit margin is negative, indicating cost inefficiencies. Net loss is substantial, with metrics such as EBIT and EBITDA margins deeply negative, reflecting ongoing operational losses.

Balance Sheet

The company maintains a strong equity position with no debt, resulting in a favorable debt-to-equity ratio. However, the return on equity is negative due to consistent net losses, and asset utilization is low, as reflected by the equity ratio.

Cash Flow

Free cash flow has been negative, indicating cash outflows exceed inflows. The operating cash flow to net income ratio shows cash burn, though partially offset by financing activities. The lack of revenue growth limits cash flow improvements.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-365.00	-485.00	-121.00	0.00	0.00	0.00
EBITDA	-2.83M	-4.86M	-5.75M	-3.93M	-2.13M	-393.78K
Net Income	-3.51M	-6.64M	-5.75M	-4.69M	-2.46M	-447.63K
Balance Sheet
Total Assets	8.99M	9.30M	13.01M	6.90M	3.18M	372.28K
Cash, Cash Equivalents and Short-Term Investments	1.95M	1.89M	4.40M	111.49K	2.16M	223.24K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	740.77K	651.03K	3.51M	428.93K	704.33K	225.98K
Stockholders Equity	8.25M	8.65M	9.50M	6.47M	2.48M	146.30K
Cash Flow
Free Cash Flow	-2.03M	-4.16M	-3.57M	-5.18M	-1.41M	-318.60K
Operating Cash Flow	-2.03M	-4.11M	-3.06M	-4.50M	-1.19M	-318.60K
Investing Cash Flow	0.00	-52.50K	205.45K	-675.00K	-220.17K	0.00
Financing Cash Flow	1.43M	2.20M	6.40M	3.13M	3.35M	325.00K

Linear Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 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:LINE, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.02, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.60 is Neutral, neither overbought nor oversold. The STOCH value of 87.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LINE.

Linear Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	58 Neutral	HK$18.24B	5.34	-7.29%	3.71%	-4.08%	-49.01%
LINE	40 Underperform	$2.87M	―	-43.91%	―	―	58.27%
BIGT	―	C$1.19M	―		―	―	―
AURX.H	―	C$1.20M	―		―	―	―
TKU	―	C$1.27M	―	-24.00%	―	―	―
GFM.H	―	C$477.13K	―		―	―	―
WISE	―	C$356.51K	―		―	―	―

Linear Minerals Corporate Events

Linear Minerals Reports Promising Lithium Drilling Results at Augustus Property

Linear Minerals Corp announced significant results from its 2024 exploratory drill program at the Augustus Lithium Property in Quebec. Drill hole LC24-99 revealed a high-grade intercept of 1.09% lithium oxide over 5 meters, while LC24-98 showed multiple lithium zones with a notable intercept of 0.39% lithium oxide over 17 meters. These findings, which also include anomalous values of other rare metals, aim to expand the mineralized footprint of the Augustus zone, potentially enhancing Linear’s position in the lithium market and offering promising implications for stakeholders.

Spark’s Take on TSE:LINE Stock

According to Spark, TipRanks’ AI Analyst, TSE:LINE is a Underperform.

Linear Minerals faces significant challenges due to poor financial performance and negative valuation metrics. The technical analysis indicates a bearish trend. However, promising lithium exploration results offer a positive outlook, which slightly offsets the negative aspects.

To see Spark’s full report on TSE:LINE stock, click here.

Linear Minerals Reports Significant Lithium Intercepts at Augustus Property

Linear Minerals Corp. announced promising results from its 2024 exploratory drill program at the Augustus Lithium Property in Quebec. Drill hole LC24-97 revealed four lithium-bearing zones, with notable intercepts including 1.00% lithium oxide over 8.90 meters. The drilling also identified anomalous values of rare metals such as beryllium, cesium, niobium, tantalum, and rubidium, as well as nickel and chromium. This development is part of the company’s strategy to expand the mineralized zone at Augustus, potentially enhancing its market position in lithium exploration.

Spark’s Take on TSE:LINE Stock

According to Spark, TipRanks’ AI Analyst, TSE:LINE is a Underperform.

Linear Minerals’ stock faces significant challenges due to poor financial performance, characterized by negative earnings and cash flows. The technical indicators suggest a bearish trend, compounded by a lack of valuation appeal due to negative earnings. However, promising lithium exploration results provide a positive long-term outlook, potentially boosting the company’s resource base and future production capabilities.

To see Spark’s full report on TSE:LINE stock, click here.

Linear Minerals Reports Significant Lithium Intercepts at Augustus Property

Linear Minerals Corp. announced promising results from its 2024 exploratory drill program at the Augustus Lithium Property in Quebec, Canada. Drill hole LC24-96 showed a significant intercept of 1.01% lithium oxide over 18.1 meters, indicating a substantial lithium presence. These results enhance the company’s exploration footprint and could strengthen its position in the lithium market, potentially impacting stakeholders positively by expanding the resource base.

Linear Minerals Reports Promising Lithium Drilling Results at Augustus Property

Linear Minerals Corp announced significant results from its 2024 exploratory drill program at the Augustus Lithium Property in Quebec. The drill holes revealed notable lithium oxide concentrations, with LC24-93 intersecting 1.02% lithium oxide over 9.95 meters and LC24-94 intercepting 0.39% over 6.9 meters. These findings, which also included anomalous values of other rare metals, underscore the potential of the Augustus Property to enhance Linear Minerals’ position in the lithium market, potentially impacting stakeholders positively by increasing resource estimates and future production capabilities.

Linear Minerals Unveils Promising Lithium Drilling Results in Quebec

Linear Minerals Corp has announced promising results from its 2024 exploratory drill program at the Augustus Lithium Property in Quebec, Canada. The drilling has revealed multiple spodumene pegmatites with significant lithium oxide content and other rare earth metals, indicating the property’s potential for lithium extraction. These findings could enhance Linear Minerals’ position in the lithium market, potentially benefiting stakeholders by increasing the company’s resource base and future production capabilities.

Linear Minerals Corp Unveils Promising Lithium Drilling Results in Quebec

Linear Minerals Corp announced significant findings from its 2024 exploratory drill program at the Augustus Lithium Property in Quebec, Canada. Drill hole LC24-90 revealed three spodumene-bearing lithium pegmatites with lithium oxide grades exceeding 1%, along with anomalous values of other rare metals. These results bolster the company’s efforts in lithium resource development, positioning it to meet the demand in the expanding lithium market, which is crucial for clean energy and electric vehicle industries.