Mirasol Resources (MRZ) AI Stock Analysis

• Market Cap: C$36.50M
• Dividend Yield: N/A
• Average Volume (3M): 35.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• Revenue Growth: N/A
• EPS Growth: 30.14%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Other Precious Metals
• EPS (TTM): -0.04
• Shares Outstanding: 81,101,494
• 10 Day Avg. Volume: 37,545
• 30 Day Avg. Volume: 35,578
• PEG Ratio: N/A
• Price to Book (P/B): 7.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.51
• 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: 39 Underperform
• Price Target: ―

Mirasol Resources faces major financial challenges with no revenue and continuous losses, weighing heavily on its stock score. Technical indicators suggest bearish momentum, and the valuation metrics highlight profitability issues. However, recent corporate events, such as securing financing and positive drill results, offer some hope for future improvement.

Mirasol Resources Business Overview & Revenue Model

Company Description

Mirasol Resources (MRZ) is a mineral exploration company focused on discovering and developing high-potential precious and base metal projects in Latin America. Operating primarily in Chile and Argentina, the company specializes in gold, silver, and copper projects. Mirasol Resources aims to create value through strategic exploration, leveraging a combination of innovative geological exploration techniques and strategic partnerships with major mining companies.

How the Company Makes Money

Mirasol Resources makes money primarily through its exploration activities by forming joint venture agreements and strategic partnerships with larger mining companies. Instead of directly mining the resources themselves, Mirasol Resources typically partners with other companies that have the resources and capabilities to develop and operate mines. These collaborations often involve Mirasol Resources receiving payments related to exploration milestones, project funding, and potentially future royalties or equity stakes once a project advances to the mining stage. This model allows Mirasol to leverage its exploration expertise while minimizing operational risks and capital expenditures.

Mirasol Resources Financial Statement Overview

Summary

Mirasol Resources is experiencing significant financial difficulties, with no revenue generation and persistent losses. The balance sheet shows some stability through equity financing, but the ongoing cash burn and reliance on external financing are concerning.

Income Statement

Mirasol Resources has shown a consistent lack of revenue, with recent periods reporting no revenue at all. The net income is significantly negative, leading to a poor net profit margin. EBIT and EBITDA are also negative, indicating operational inefficiencies. The revenue growth rate cannot be determined due to the absence of revenue, highlighting a critical challenge in generating sales.

Balance Sheet

The company's balance sheet shows a relatively low level of debt compared to equity, reflected in a low debt-to-equity ratio. However, the total assets have been decreasing over time, which is a concern. The equity ratio is moderate, suggesting some stability in funding through equity. Nevertheless, the continuous net losses are eroding stockholders' equity, posing a risk to financial stability.

Cash Flow

The cash flow statement reveals persistent negative operating and free cash flows, indicating ongoing cash burn. The company has been relying heavily on financing activities to sustain operations. The free cash flow to net income ratio is negative due to the significant net losses, highlighting the challenge in generating positive cash flow from operations.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	15.98K	496.70K	912.92K	0.00
	Gross Profit
-60.23K	-64.50K	-53.07K	399.94K	806.68K	-74.33K
	EBIT
-9.06M	-9.36M	-10.07M	-4.97M	-5.16M	-6.34M
	EBITDA
-8.78M	-8.84M	-9.70M	-4.95M	-5.21M	-5.74M
	Net Income Common Stockholders
-8.86M	-8.92M	-9.80M	-5.08M	-5.96M	-5.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
22.28M	2.44M	8.28M	6.42M	11.20M	16.25M
	Total Assets
26.20M	4.31M	10.19M	8.47M	13.48M	19.23M
	Total Debt
0.00	74.00K	140.81K	197.19K	244.67K	280.52K
	Net Debt
-3.86M	-2.28M	-7.98M	-5.50M	-9.78M	-8.61M
	Total Liabilities
388.47K	622.60K	885.35K	672.43K	1.14M	804.71K
	Stockholders Equity
25.81M	3.69M	9.31M	7.80M	12.33M	18.43M
Cash Flow		Free Cash Flow
-8.09M	-8.39M	-8.67M	-5.09M	-5.38M	-6.72M
	Operating Cash Flow
-8.12M	-8.31M	-8.58M	-5.05M	-5.23M	-6.58M
	Investing Cash Flow
129.18K	322.13K	514.63K	479.38K	7.33M	10.50M
	Financing Cash Flow
7.23M	2.26M	10.31M	-92.74K	-201.41K	-75.48K

Mirasol Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.45
• 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:MRZ, the sentiment is Positive. The current price of 0.45 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.38, and above the 200-day MA of 0.44, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 61.75 is Neutral, neither overbought nor oversold. The STOCH value of 89.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MRZ.

Mirasol Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
ALEX	44 Neutral	C$27.98M	52.80	5.19%	―	―	61.61%
AUCU	40 Underperform	$31.54M	―	-27.63%	―	―	-98.66%
MRZ	39 Underperform	C$36.50M	―	-387.94%	―	―	30.14%
BBB	36 Underperform	C$37.32M	―	-65.33%	―	―	26.55%
EMPS	36 Underperform	$33.90M	―	-12.51%	―	―	-6.91%
ARU	24 Underperform	C$25.28M	―	85.45%	―	―	14.45%

Mirasol Resources Corporate Events

Mirasol Resources Secures $2 Million Loan to Boost Financial Stability

Mirasol Resources Ltd. has secured a $2 million loan from John Tognetti, a director and control person of the company, to address its financial obligations and enhance working capital. This related party transaction, involving the issuance of 500,000 bonus shares, is exempt from formal valuation and minority approval due to its compliance with regulatory thresholds, highlighting the company’s strategic financial maneuvering to stabilize its operations.

Mirasol Resources Unveils Promising Drill Results at Sobek Project

Mirasol Resources has announced significant initial drill results from its Sobek Gold-Copper Project in Chile’s Vicuña District, revealing a new polymetallic mineralized system. The discovery, located at the Potro SE target, includes gold, silver, zinc, lead, and copper, with further drilling underway to confirm the continuity of mineralization. This development positions Mirasol strategically in a promising area near other notable discoveries, potentially enhancing its industry standing and offering promising implications for stakeholders.