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Outcrop Gold Corp
(OCG)
Outcrop Gold Corp (OCG) vs. S&P 500 (SPY)
Outcrop Gold Corp Business Overview & Revenue Model
Outcrop Gold Corp Financial Statement Overview
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | -58.61K | -27.10K | -28.27K | -27.03K | EBIT |
| ― | -9.50M | -11.05M | -12.80M | -3.56M | EBITDA |
| ― | -9.38M | -11.38M | -12.82M | -5.00M | Net Income Common Stockholders |
| ― | -9.44M | -11.41M | -12.85M | -5.03M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.12M | 3.23M | 1.24M | 4.45M | 5.96M | Total Assets |
| 14.85M | 8.93M | 6.00M | 9.42M | 10.95M | Total Debt |
| 1.71K | 16.69K | 27.62K | 0.00 | 0.00 | Net Debt |
| -1.12M | -3.21M | -1.21M | -4.45M | -5.95M | Total Liabilities |
| 1.06M | 507.73K | 851.93K | 675.57K | 532.08K | Stockholders Equity |
| 13.80M | 8.42M | 5.15M | 8.74M | 10.42M |
| Cash Flow | Free Cash Flow | |||
| -8.74M | -8.81M | -10.03M | -10.06M | -4.22M | Operating Cash Flow |
| -8.21M | -8.76M | -9.98M | -10.01M | -3.65M | Investing Cash Flow |
| -631.77K | -43.90K | -46.78K | -43.22K | -567.25K | Financing Cash Flow |
| 6.73M | 10.79M | 6.86M | 8.57M | 10.00M |
Outcrop Gold Corp Technical Analysis
Outcrop Gold Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | C$60.76M | ― | -23.07% | ― | ― | 23.08% | |
50 Neutral | C$66.38M | ― | -9.93% | ― | ― | 95.16% | |
49 Neutral | $1.96B | -1.17 | -21.28% | 3.71% | 1.14% | -30.35% | |
45 Neutral | C$66.86M | ― | -6.96% | ― | ― | -21.74% | |
44 Neutral | C$66.00M | ― | -16.16% | ― | ― | -61.86% | |
38 Underperform | C$69.08M | ― | -1.72% | ― | ― | 54.11% | |
37 Underperform | C$77.12M | ― | -86.62% | ― | ― | -11.20% |
Outcrop Gold Corp Corporate Events
Outcrop Silver & Gold Corporation has granted 4,950,000 incentive stock options to its directors, officers, and employees at an exercise price of $0.20, set to expire on April 30, 2030. This initiative is part of the company’s strategic efforts to motivate its team and align their interests with the company’s growth objectives, potentially impacting its operational dynamics and market positioning positively.
Spark’s Take on TSE:OCG Stock
According to Spark, TipRanks’ AI Analyst, TSE:OCG is a Neutral.
Outcrop Gold Corp faces substantial financial challenges, with no revenue and ongoing losses raising concerns. The technical analysis indicates a bearish trend, and the valuation metrics are unfavorable. However, recent positive corporate events, such as significant discoveries and successful financing, provide some optimism and potential upside for future exploration success.
To see Spark’s full report on TSE:OCG stock, click here.
Outcrop Silver & Gold Corporation has announced a significant high-grade discovery at the Guadual vein within its Santa Ana silver project in Colombia, marking the fifth such discovery in the past year. This discovery underscores the project’s scalability and potential, with drilling confirming high-grade mineralization across multiple intercepts. The company’s exploration strategy, which emphasizes testing and refining geological concepts, has been instrumental in these discoveries, positioning Outcrop Silver for substantial resource expansion and value creation in the coming years.
Spark’s Take on TSE:OCG Stock
According to Spark, TipRanks’ AI Analyst, TSE:OCG is a Neutral.
Outcrop Gold Corp is currently a high-risk investment due to its financial instability and bearish technical indicators. However, recent positive corporate developments, such as significant silver discoveries and successful financing, offer potential upside. Investors should weigh these opportunities against the company’s ongoing financial challenges.
To see Spark’s full report on TSE:OCG stock, click here.
Outcrop Silver & Gold Corporation has announced significant results from its drilling campaign at the Los Mangos vein within the Santa Ana project in Colombia. The campaign revealed an impressive intercept of 8.20 metres grading 669 grams per tonne silver equivalent, indicating both the strength and potential of the Los Mangos system. This discovery supports the company’s strategy of expanding high-grade mineralization along a 17-kilometre mineralized vein corridor, enhancing Outcrop Silver’s position as a prominent player in the silver mining industry.
Spark’s Take on TSE:OCG Stock
According to Spark, TipRanks’ AI Analyst, TSE:OCG is a Underperform.
Outcrop Gold Corp’s overall score reflects substantial financial challenges, with no revenue and ongoing losses raising concerns. Despite these issues, positive corporate events, such as successful financing and promising drilling results, offer some optimism. Technical analysis indicates a bearish trend, and valuation metrics are unfavorable, making it a risky investment primarily for those optimistic about future exploration success.
To see Spark’s full report on TSE:OCG stock, click here.
Outcrop Silver & Gold Corporation announced significant drilling results from the Los Mangos discovery at their Santa Ana project in Colombia. Drill hole DH451 revealed a high-grade intercept of 7.18 metres at 358 grams per tonne silver equivalent, including a portion of 3.40 metres at 671 grams per tonne. This discovery highlights the potential for further resource expansion and positions Los Mangos as a priority target for future exploration, potentially enhancing the company’s standing in the silver and gold mining sector.
Outcrop Silver & Gold Corporation announced a correction to its earlier press release regarding the composition of units issued in a public offering. The units consisted of one common share and one-half of one common share purchase warrant, instead of a whole warrant per unit. This correction does not affect other information related to the offering. The announcement highlights Outcrop Silver’s focus on transparency and accuracy in its communications, which is crucial for maintaining investor trust and confidence.
Outcrop Silver & Gold Corporation successfully closed a $7.5 million public offering, with significant investment from Eric Sprott, enhancing its financial capacity for the Santa Ana Project and general corporate purposes. This strategic move not only strengthens Outcrop Silver’s capital structure but also underscores investor confidence, particularly from Sprott, in the company’s growth potential and project viability.
Outcrop Silver & Gold Corporation has announced an increase in its public offering to $6.5 million due to strong investor demand, with notable participation from Eric Sprott. The proceeds will be used for the exploration and development of the Santa Ana Project in Colombia, with the offering expected to close around March 26, 2025, pending regulatory approvals.
Outcrop Silver & Gold Corporation has announced a public offering of units to raise up to $5 million, with notable participation from investor Eric Sprott. The proceeds will be used for the exploration and development of the Santa Ana Project, as well as for working capital and general corporate purposes. The offering, managed by Research Capital Corporation, includes an option to increase the size by 15% to cover over-allotments. The closing is expected around March 26, 2025, pending regulatory approvals. This move underscores Outcrop Silver’s strategic efforts to bolster its operations and potentially enhance its standing in the mining industry.
Outcrop Silver & Gold Corporation announced a significant discovery of high-grade mineralization at the Los Mangos vein, part of its Santa Ana project in Colombia. This discovery, resulting from the company’s strategy of large step-outs, confirms the scalability and high-grade potential of the project, extending the high-grade footprint and unlocking new opportunities for expansion in the underexplored central and southern portions of Santa Ana.
Outcrop Silver & Gold Corporation announced the election of its directors at the Annual General and Special Meeting of Shareholders. Five nominees proposed by management, including Ian Harris as CEO and Jay Sujir as the new Chair, were elected, while Ian Slater stepped down as director, becoming a special advisor. This leadership change is a strategic move to strengthen Outcrop Silver’s operations and enhance its focus on sustainable development and shareholder value, positioning the company for growth in the silver mining industry.
Outcrop Silver & Gold Corporation has announced an amendment to its stock option plan, converting it from a 10% rolling stock option plan to a fixed number plan. The revised plan reserves 34,159,595 common shares for issuance from the treasury and will be subject to shareholder ratification and regulatory approval at the upcoming annual general meeting. This change is aimed at aligning the company’s stock option practices with regulatory requirements and ensuring shareholder approval, potentially impacting company operations and shareholder value.
Outcrop Silver & Gold Corporation has announced an amendment to its stock option plan, changing from a 10% rolling stock option plan to a fixed number plan. The amendment, which requires approval at the annual general meeting, sets a new limit for stock options at 34,159,595 shares, aligning with TSX Venture Exchange rules. This move reflects the company’s strategic efforts to manage shareholder value and operational positioning.
Outcrop Silver & Gold Corporation announced a significant extension of the La Ye vein system at its Santa Ana project in Colombia. Recent step-out drilling has expanded the system’s footprint to over 500 metres along strike, with the La Lupe vein confirmed for more than 200 metres. These results underscore the project’s high-grade potential and scalability, reinforcing its status as a premier silver project with substantial resource growth opportunities.