Midland Exploration (MD) AI Stock Analysis

• Market Cap: C$31.83M
• Dividend Yield: N/A
• Average Volume (3M): 38.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.18
• Revenue Growth: -58.71%
• EPS Growth: -41.80%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 93,618,760
• 10 Day Avg. Volume: 50,059
• 30 Day Avg. Volume: 38,612
• PEG Ratio: -0.22
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.07
• 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: 55 Neutral
• Price Target: C$0.50 ▲(47.06%Upside)

Midland Exploration's overall score is driven by its strategic initiatives to expand mineral exploration, which are promising for future growth. However, financial performance and valuation remain weak, reflecting significant challenges in revenue generation and profitability.

Midland Exploration Business Overview & Revenue Model

Company Description

Midland Exploration Inc., a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It holds 100% interest in 460 claims covering an area of 260 square kilometers located in the Abitibi region between the towns of Amos and Matagami. The company explores for gold, platinum group elements, and base metals. Midland Exploration Inc. was incorporated in 1995 and is headquartered in Montreal, Canada.

How the Company Makes Money

Midland Exploration generates revenue primarily through its strategic partnerships and joint ventures with larger mining companies. These partnerships allow Midland to leverage additional expertise and financial resources for exploration and development activities. The company typically earns income through option agreements, where partners invest in exploration projects in exchange for a stake in the potential future production. Additionally, Midland may receive milestone payments and royalties based on the successful development and eventual production of mineral resources from its properties. These collaborations and financial agreements are crucial to funding Midland's exploration endeavors and contributing to its revenue.

Midland Exploration Financial Statement Overview

Summary

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

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
168.51K	194.95K	314.97K	210.41K	202.22K	23.75K
	Gross Profit
138.62K	165.06K	285.08K	180.52K	172.33K	-6.14K
	EBIT
-2.00M	-1.94M	-1.55M	-1.58M	-1.52M	-1.92M
	EBITDA
-2.11M	-1.91M	-1.52M	-1.55M	-1.59M	-1.89M
	Net Income Common Stockholders
-2.26M	-1.95M	-1.11M	-1.90M	-1.02M	-1.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.83M	4.78M	4.96M	6.41M	7.43M	11.02M
	Total Assets
42.68M	41.22M	41.66M	39.22M	39.92M	38.89M
	Total Debt
7.51K	16.61K	51.11K	82.41K	110.75K	136.15K
	Net Debt
-3.22M	-1.57M	-2.40M	-1.81M	-1.38M	-1.17M
	Total Liabilities
1.76M	1.70M	1.88M	921.93K	1.57M	1.39M
	Stockholders Equity
40.91M	39.52M	39.78M	38.29M	38.34M	37.50M
Cash Flow		Free Cash Flow
-3.38M	-4.52M	-4.64M	-5.32M	-6.84M	-4.94M
	Operating Cash Flow
-1.03M	-1.60M	-464.72K	-1.19M	-1.20M	-1.24M
	Investing Cash Flow
-1.85M	-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: Negative
• RSI: Neutral
• STOCH: Negative

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 above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.31, and above the 200-day MA of 0.32, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.65 is Neutral, neither overbought nor oversold. The STOCH value of 83.81 is Negative, 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	55 Neutral	C$31.83M	―	-5.86%	―	-58.71%	-41.80%
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
PGZ	48 Neutral	C$47.12M	―	-74.27%	―	―	49.63%
ELBM	34 Underperform	C$26.22M	―	-46.87%	―	―	60.76%
STSBF		$12.03M	―	-59.91%	―	―	―
NICLF		$27.75M	―		―	―	―
EGFV		C$28.50M	―		―	―	―

Midland Exploration Corporate Events

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.

Midland Exploration Expands Gold Portfolio with Kan Project Acquisition

Midland Exploration Inc. has acquired a 100% interest in the Kan gold project located in the Labrador Trough, enhancing its portfolio with 261 mining claims over 121 square kilometers. The project is notable for its numerous high-grade gold occurrences within a silicate-carbonate-facies iron formation, similar to the Homestake gold deposit. This acquisition expands Midland’s control over favorable gold terrain to 340 square kilometers, positioning the company strategically in the gold exploration sector. The project holds significant potential for further exploration, with many gold zones remaining open for extension and strong prospects in black shales and gabbro-diorite sills.

Midland Exploration Expands Copper Holdings in Quebec’s Labrador Trough

Midland Exploration Inc. has expanded its copper land holdings in the Labrador Trough, Quebec, by securing 167 mining claims for its new Kuiper project. This decision follows the discovery of high-grade copper mineralization in boulders and significant unexplained copper anomalies in lake sediments, indicating strong potential for copper deposits. The move positions Midland to capitalize on these promising geological indicators, potentially enhancing its market standing and offering new opportunities for stakeholders.