Midland Exploration (MD) AI Stock Analysis

• Market Cap: C$32.30M
• Dividend Yield: N/A
• Average Volume (3M): 54.11K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -58.71%
• EPS Growth: -41.80%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 93,618,760
• 10 Day Avg. Volume: 52,549
• 30 Day Avg. Volume: 54,112
• 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: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.50
• Price Target Upside: 47.06% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: C$0.50 ▲(47.06% Upside)

Midland Exploration's overall stock score is primarily influenced by its financial challenges, including declining revenue and negative profitability. However, the positive technical indicators and recent strategic investments provide some optimism for future growth. The negative valuation metrics weigh heavily, but the corporate events suggest potential for improvement in the company's market position.

Midland Exploration Business Overview & Revenue Model

Company Description

Midland Exploration (MD) is a Canadian mineral exploration company focused on the discovery of world-class deposits of gold, base metals, and other strategic minerals. The company operates primarily in Quebec, leveraging its expertise in geology and resource development to identify and explore potential mining sites. With an emphasis on partnerships and joint ventures, Midland Exploration aims to de-risk its projects while maximizing the exploration potential of its land holdings.

How the Company Makes Money

Midland Exploration makes money primarily through strategic partnerships and joint ventures with major mining companies. By collaborating with these partners, Midland shares exploration costs and reduces financial risk while retaining an interest in potential discoveries. Revenue is generated through option agreements, where partners earn an interest in a project by funding exploration activities, and through the sale or optioning of mineral properties. Additionally, Midland may benefit from royalties or future production revenues if the exploration projects result in successful mining operations. The company's earnings are significantly influenced by its ability to attract and maintain strong partnerships, as well as the success of its exploration activities in discovering economically viable mineral deposits.

Midland Exploration Financial Statement Overview

Summary

Midland Exploration faces significant financial challenges, with declining revenue and negative profitability. Despite a strong equity position and low leverage, the inability to generate positive cash flow and profitability poses risks.

Income Statement

Midland Exploration's financial performance shows declining revenue with inconsistent growth rates and negative profitability margins. The company's Gross Profit Margin is relatively high, indicating effective cost management in core operations. However, the Net Profit Margin remains deeply negative, indicating significant losses. The EBIT and EBITDA margins are both negative, reflecting challenges in covering operational expenses and generating operating income.

Balance Sheet

The company maintains a strong equity base with a low Debt-to-Equity Ratio, suggesting financial stability and low leverage risks. However, the Return on Equity (ROE) is negative, indicating that the company's losses are reducing shareholder value. The Equity Ratio is high, showing a solid proportion of equity financing compared to total assets.

Cash Flow

The cash flow analysis reveals challenges in cash generation and capital expenditure management. Operating Cash Flow is negative, indicating difficulties in generating cash from operations. Free Cash Flow is also negative, reflecting significant cash outflows relative to inflows. The Free Cash Flow to Net Income Ratio is unfavorable, highlighting inefficiencies in converting income into cash.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	145.72K	194.95K	314.97K	210.41K	202.22K	23.75K
Gross Profit	118.00K	165.06K	285.08K	180.52K	172.33K	-6.14K
EBITDA	-1.98M	-1.91M	-1.52M	-1.55M	-1.59M	-1.89M
Net Income	-2.38M	-1.95M	-1.11M	-1.90M	-1.02M	-1.35M
Balance Sheet
Total Assets	42.30M	41.22M	41.66M	39.22M	39.92M	38.89M
Cash, Cash Equivalents and Short-Term Investments	5.91M	4.78M	4.96M	6.41M	7.43M	11.02M
Total Debt	268.69K	16.61K	51.11K	82.41K	110.75K	136.15K
Total Liabilities	1.79M	1.70M	1.88M	921.93K	1.57M	1.39M
Stockholders Equity	40.52M	39.52M	39.78M	38.29M	38.34M	37.50M
Cash Flow
Free Cash Flow	-2.92M	-4.52M	-4.64M	-5.32M	-6.84M	-4.94M
Operating Cash Flow	-880.01K	-1.60M	-464.72K	-1.19M	-1.20M	-1.24M
Investing Cash Flow	-1.97M	-1.75M	-2.37M	-995.64K	-834.91K	725.61K
Financing Cash Flow	2.46M	2.48M	3.39M	2.59M	2.22M	1.47M

Midland Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.34
• 50DMA: Positive
• 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:MD, the sentiment is Positive. The current price of 0.34 is below the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.33, and above the 200-day MA of 0.32, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.75 is Neutral, neither overbought nor oversold. The STOCH value of 25.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MD.

Midland Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MD	54 Neutral	C$32.30M	―	-5.86%	―	-58.71%	-41.80%
PGZ	48 Neutral	C$47.12M	―	-99.75%	―	―	49.63%
Sector *	44 Neutral	C$874.34M	-6.79	-14.91%	2.76%	16.69%	-26.66%
STS	38 Underperform	C$13.32M	―	-59.91%	―	―	15.22%
ELBM	34 Underperform	C$30.35M	―	-46.87%	―	―	60.76%
NICO	18 Underperform	$14.72M	―		―	―	8.44%

Midland Exploration Corporate Events

Midland Exploration Secures $6.1 Million Investment, Welcomes Centerra Gold as Strategic Partner

Midland Exploration Inc. has successfully closed a $6.1 million private placement, with Centerra Gold Inc. becoming a new strategic investor holding 9.9% of Midland’s shares. The funds raised will be used for Canadian exploration expenses on Midland’s gold projects in Abitibi, James Bay, and northern Quebec, potentially enhancing the company’s exploration capabilities and market positioning.

Midland Exploration Secures Strategic Investment from Centerra Gold

Midland Exploration Inc. announced a non-brokered private placement to raise $5,058,750 through the sale of flow-through shares, with an additional $1,050,000 from institutional investors. Centerra Gold Inc. will participate as a strategic investor, acquiring 9.9% of Midland’s shares, which will support the development of Midland’s gold exploration projects in Quebec. The funds will be used for Canadian exploration expenses, and the offering is expected to close by July 25, 2025, pending regulatory approvals.

Midland Exploration Launches Prospecting at Willbob-Kan Gold Project

Midland Exploration Inc. has commenced its prospecting campaign on the Willbob-Kan gold project in the Labrador Trough, which is wholly owned by the company. The project, recently expanded with the acquisition of the Kan gold project, covers a significant area favorable for gold exploration. The Didgeridoo Zone, part of the project, has shown promising gold occurrences, with channel samples indicating notable gold grades. This exploration effort aims to further delineate the potential of these zones, which could significantly impact Midland’s positioning in the gold exploration industry.

Midland Exploration and SOQUEM Launch 2025 Exploration Program in Labrador Trough

Midland Exploration Inc., in partnership with SOQUEM, has launched its 2025 exploration program in the Labrador Trough, focusing on the Nachicapau and Dunphy South projects. With a joint budget of $1 million, the program aims to further investigate copper mineralization discovered in previous years, employing geochemical sampling and spectral induced polarization surveys to identify new mineralized areas and assess the economic potential of existing copper-gold-silver showings. This initiative is expected to enhance Midland’s strategic positioning in the mineral exploration sector and potentially yield significant discoveries that could impact stakeholders positively.

Midland Exploration Launches Major Survey in Nunavik for Copper-Nickel Exploration

Midland Exploration Inc. has commenced a significant airborne electromagnetic survey in Nunavik, Quebec, as part of its strategic alliance with BHP Group Limited. This initiative follows several years of exploration that revealed promising copper-nickel-cobalt mineralized showings. The 2025 program will investigate a newly identified crustal-scale structure and its subsidiary faults, which are considered favorable for mineralization. The survey aims to enhance understanding of these structures, potentially impacting Midland’s operations and positioning in the exploration industry by identifying new resource opportunities.

Midland Exploration Launches Gold Exploration Program at Caniapisc Au Project

Midland Exploration Inc. has announced the commencement of a gold exploration program on its Caniapisc Au project in the Eeyou Istchee James Bay and Canispiscau regions. The program, set to begin in June 2025, will include geological mapping, prospecting, and extensive soil sampling to investigate previously identified gold anomalies. The 2024 till survey confirmed the presence of significant gold anomalies, with up to 100 gold grains per 10 kg of till, suggesting multiple gold sources in the area. The exploration aims to further understand these anomalies and assess the project’s gold potential, which could enhance Midland’s position in the mining industry and provide valuable insights for stakeholders.