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Surge Exploration Inc
(NILI)
Surge Exploration Inc (NILI) vs. S&P 500 (SPY)
Surge Exploration Inc Business Overview & Revenue Model
Surge Exploration Inc Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -8.96M | -2.23M | -3.42M | -341.29K | -154.74K | EBITDA |
| -8.52M | -2.23M | -2.15M | -280.72K | -154.74K | Net Income Common Stockholders |
| -8.93M | -2.97M | -2.15M | -382.63K | -1.58M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 6.37M | 1.02M | 3.97M | 206.63K | 104.49K | Total Assets |
| 16.50M | 4.63M | 6.07M | 270.74K | 531.47K | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -3.33M | -1.02M | -3.97M | -6.63K | -104.49K | Total Liabilities |
| 201.80K | 199.68K | 263.48K | 346.42K | 187.37K | Stockholders Equity |
| 16.30M | 4.43M | 5.80M | -75.68K | 344.10K |
| Cash Flow | Free Cash Flow | |||
| -3.64M | -3.63M | -2.43M | -159.42K | -1.04M | Operating Cash Flow |
| -3.64M | -2.06M | -2.04M | -159.42K | -880.22K | Investing Cash Flow |
| -6.78M | -1.57M | 414.39K | 61.56K | -162.53K | Financing Cash Flow |
| 12.73M | 684.45K | 5.59M | 0.00 | 865.00K |
Surge Exploration Inc Technical Analysis
Surge Exploration Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | $7.00B | 3.44 | -4.86% | 5.89% | -0.09% | -48.37% | |
47 Neutral | C$39.84M | ― | -17.48% | ― | -200.00% | -12.68% | |
43 Neutral | C$39.82M | ― | -20.39% | ― | ― | 29.22% | |
39 Underperform | C$40.29M | ― | -25.75% | ― | ― | -17.70% | |
36 Underperform | C$41.26M | ― | -69.93% | ― | ― | 6.96% |
Surge Exploration Inc Corporate Events
Surge Battery Metals Inc. has appointed Owen Taylor as a director, fulfilling the requirement to have two independent directors on its board. Taylor, with over 35 years of experience in government and commercial sectors, is expected to bring valuable expertise to the company. Additionally, Surge has granted 250,000 stock options at an exercise price of 30 cents per share. These developments are part of Surge’s ongoing efforts to strengthen its governance and operational capabilities as it continues to focus on its Nevada North Lithium Project, which has shown promising results in lithium exploration.
Spark’s Take on TSE:NILI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NILI is a Underperform.
The overall stock score for Surge Exploration Inc. reflects significant financial challenges, including no revenue generation and negative profitability. While the technical analysis indicates market stability, the negative P/E ratio underlines the profitability issues. The company’s lack of revenue and reliance on external financing are key risks that weigh heavily on its stock score.
To see Spark’s full report on TSE:NILI stock, click here.
Surge Battery Metals Inc. has successfully closed a non-brokered private placement financing, raising $3,105,500 through the issuance of 10,351,667 units. The proceeds will be used to complete the Preliminary Economic Assessment (PEA) and fund ongoing operations, potentially enhancing the company’s exploration capabilities and industry positioning. This financing supports Surge’s strategic initiatives in the Nevada North Lithium Project, which has shown promising results in lithium exploration, further solidifying its role in the electric vehicle industry’s supply chain.
Spark’s Take on TSE:NILI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NILI is a Underperform.
The overall stock score for Surge Exploration Inc. reflects significant financial challenges, including no revenue generation and negative profitability. While the technical analysis indicates market stability, the negative P/E ratio underlines the profitability issues. The company’s lack of revenue and reliance on external financing are key risks that weigh heavily on its stock score.
To see Spark’s full report on TSE:NILI stock, click here.
Surge Battery Metals Inc. announced that a strategic investor has decided not to proceed with financing after extensive due diligence and regulatory review. Despite this setback, the company continues to advance its Nevada North Lithium Project, receiving a positive permit decision and planning further drilling and a Preliminary Economic Assessment (PEA). Additionally, Surge announced a non-brokered private placement to raise $3 million, which will fund the completion of the PEA and ongoing operations.
Surge Battery Metals Inc. has responded positively to an executive order signed by President Donald Trump aimed at increasing America’s mineral production. The order, which emphasizes the importance of securing a stable supply of critical minerals like lithium, aligns with Surge’s Nevada North Lithium Project. This project is expected to significantly contribute to the U.S.’s mineral independence, create jobs, and support the transition to a cleaner energy future. Surge’s efforts are seen as crucial in reducing reliance on foreign sources and enhancing national security.
Surge Battery Metals Inc. has received approval from the Bureau of Land Management for its Exploration Plan of Operations at the Nevada North Lithium Project, marking a significant permitting milestone. This approval allows for expanded exploration activities over 250 acres, enabling the construction of new infrastructure and comprehensive exploration activities, including mineral exploration, hydrogeologic investigations, and geotechnical studies. The company is committed to environmental protection and plans to conduct reclamation activities concurrently with exploration. This development positions Surge to advance its drilling plans and update its Mineral Resource Estimate by late 2025.