Minco Silver (MSV) AI Stock Analysis

• Market Cap: C$30.81M
• Dividend Yield: N/A
• Average Volume (3M): 50.74K
• Price to Earnings (P/E): 3.6
• Beta (1Y): -0.10
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 10
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): 0.03
• Shares Outstanding: 61,625,084
• 10 Day Avg. Volume: 81,323
• 30 Day Avg. Volume: 50,741
• PEG Ratio: 0.11
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.80
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$0.64 ▼(-4.03% Downside)

The score is held back mainly by weak financial performance—no revenue, persistent operating losses, and ongoing cash burn despite a strong, low-debt balance sheet. Technicals are supportive due to a clear uptrend, but overbought signals temper the outlook. Valuation looks low on P/E, though its usefulness is limited by weak underlying cash generation.

Positive Factors

Low Leverage

A low debt-to-equity ratio suggests that Minco Silver is not heavily reliant on debt financing, which can provide financial stability and reduce the risk of insolvency during downturns.

Equity Financing

High equity financing indicates that Minco Silver can raise funds without incurring debt, which can be beneficial in maintaining financial flexibility and avoiding interest obligations.

Strategic Partnerships

Partnerships can enhance Minco Silver's operational capabilities and provide access to new resources, markets, and technologies, potentially improving its competitive position.

Negative Factors

Persistent Losses

Ongoing losses and lack of revenue generation highlight operational inefficiencies and pose a threat to long-term viability, as they can deplete resources and hinder growth.

Negative Cash Flow

Negative cash flow suggests that Minco Silver is spending more than it earns, which can lead to liquidity issues and limit its ability to invest in growth opportunities.

Zero Revenue

Consistently reporting zero revenue indicates a failure to monetize operations, which is critical for sustaining business activities and achieving profitability in the long term.

Minco Silver Business Overview & Revenue Model

Company Description

Minco Silver Corporation, an exploration stage company, engages in exploring, evaluating, and developing precious metals mineral properties and projects. The company explores for gold, silver, lead, and zinc deposits. It holds interests in the Fuwan Silver project, which includes 3 exploration permits covering an area of 125.74 square kilometers; and the Changkeng Gold project located southwest of Guangzhou, China. The company was incorporated in 2004 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Minco Silver makes money through the extraction and sale of silver ore and related mineral products. The company's revenue model is primarily based on the production and sale of silver extracted from its mining operations. Key revenue streams include the sale of silver to industrial customers, jewelry manufacturers, and investors. The company's earnings are significantly influenced by silver market prices, production efficiency, and its ability to manage operational costs. Additionally, strategic partnerships with other mining companies or investors may also contribute to its financial performance. Any changes in regulatory environments or geopolitical factors could impact its revenue generation capabilities.

Minco Silver Financial Statement Overview

Summary

Minco Silver faces significant financial headwinds with persistent losses, no revenue generation, and cash flow deficits. While the balance sheet shows low leverage, the lack of operational efficiency and profitability poses risks to financial sustainability.

Income Statement

Minco Silver has consistently reported zero revenue over the years, with negative gross profit and net income. The lack of revenue growth and persistent losses indicate significant financial challenges. EBIT and EBITDA margins are negative, reflecting operational inefficiencies and a lack of profitability.

Balance Sheet

The company maintains a low debt-to-equity ratio, indicating a conservative leverage strategy. However, the negative equity growth and declining total assets are concerning. The equity ratio is high, suggesting dependence on equity financing, which can be unsustainable without profitability.

Cash Flow

Minco Silver's cash flow statements show negative operating and free cash flows, indicating cash burn without sufficient inflows. The negative free cash flow growth and low ratios of operating and free cash flow to net income highlight cash management difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-297.28K	-291.36K	-1.10M	-307.00K	-244.00K	-195.00K
EBITDA	8.21M	-4.00M	-2.79M	4.89M	473.36K	-960.00K
Net Income	8.76M	-2.05M	-4.02M	3.14M	-1.54M	-1.13M
Balance Sheet
Total Assets	51.52M	44.79M	45.71M	52.49M	48.79M	47.15M
Cash, Cash Equivalents and Short-Term Investments	49.35M	31.80M	35.57M	42.49M	33.14M	32.87M
Total Debt	324.50K	1.75M	759.73K	994.42K	739.59K	185.74K
Total Liabilities	1.75M	2.29M	3.38M	4.31M	3.61M	1.38M
Stockholders Equity	51.20M	43.89M	43.67M	49.48M	46.46M	47.02M
Cash Flow
Free Cash Flow	-1.82M	-2.00M	-1.78M	-2.72M	-2.31M	-2.53M
Operating Cash Flow	-1.80M	-1.91M	-1.76M	-2.72M	-2.29M	-2.12M
Investing Cash Flow	1.20M	-541.13K	1.54M	5.17M	-7.85M	4.78M
Financing Cash Flow	-142.98K	-273.33K	-277.73K	-272.60K	-218.65K	-104.15K

Minco Silver Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.67
• 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:MSV, the sentiment is Positive. The current price of 0.67 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.38, and above the 200-day MA of 0.30, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 54.90 is Neutral, neither overbought nor oversold. The STOCH value of 44.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MSV.

Minco Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KUYA	58 Neutral	C$133.58M	-14.92	-20.00%	―	―	21.09%
ZAC	57 Neutral	C$31.32M	-6.22	-7.84%	―	―	-134.18%
MSV	54 Neutral	C$30.81M	3.61	18.93%	―	―	―
KS	53 Neutral	C$8.07M	-10.71	-5.62%	―	―	―
HAMR	38 Underperform	C$8.98M	-10.33	-9.29%	―	―	60.20%