Omineca Mining and Metals (OMM) AI Stock Analysis

• Market Cap: C$13.09M
• Dividend Yield: N/A
• Average Volume (3M): 119.41K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.26
• Revenue Growth: N/A
• EPS Growth: 18.85%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 52
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 261,804,320
• 10 Day Avg. Volume: 197,053
• 30 Day Avg. Volume: 119,410
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -9.90
• P/FCF Ratio: 0.00
• 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

Omineca Mining and Metals is facing significant financial and operational challenges, reflected in its low financial performance score due to zero revenue and persistent losses. The bearish technical indicators and unattractive valuation further contribute to the low overall score. Without strategic improvements in revenue generation and cost management, the stock's performance remains at risk.

Omineca Mining and Metals Business Overview & Revenue Model

Company Description

Omineca Mining and Metals (OMM) is a mining company that operates within the natural resources sector, primarily focusing on the exploration, development, and extraction of minerals. The company is engaged in identifying and developing mining prospects, with a particular focus on gold mining. OMM leverages its expertise in geology and mining operations to discover and extract valuable mineral resources, aiming to create value for its shareholders.

How the Company Makes Money

Omineca Mining and Metals generates revenue primarily through the exploration, extraction, and sale of mineral resources, particularly gold. The company invests in identifying promising mining sites and developing them to extract valuable minerals. The extracted minerals are then sold in the commodities market, which constitutes the main source of revenue for OMM. Significant factors contributing to its earnings include the market demand and price for gold and other minerals, the efficiency of its mining operations, and its ability to manage production costs. Additionally, OMM may engage in strategic partnerships or joint ventures with other mining companies to enhance its mining capabilities and expand its resource base, further contributing to its profitability.

Omineca Mining and Metals Financial Statement Overview

Summary

Omineca Mining and Metals faces significant financial challenges, with zero revenue and persistent losses impacting both profitability and cash flow. The high leverage and declining equity position further compound financial risks. Immediate strategic changes are necessary to improve revenue generation and operational efficiency to ensure long-term viability.

Income Statement

Omineca Mining and Metals has consistently reported zero revenue, indicating significant challenges in generating sales. With negative EBIT and net income margins, the company struggles with profitability. The lack of revenue growth is a critical issue, and operating losses are considerable, reflecting high operational costs without revenue to offset them.

Balance Sheet

The company has a high debt-to-equity ratio, signaling potential financial risk and leverage challenges. While the equity ratio shows some stability, the declining stockholders' equity over recent periods raises concerns about long-term financial health and sustainability.

Cash Flow

Omineca Mining and Metals has negative operating and free cash flows, indicating it is not generating sufficient cash from operations to cover expenses. The free cash flow has shown negative growth, and the ratios related to net income reflect inefficiencies in cash management. The company's reliance on financing to cover shortfalls is evident but unsustainable in the long run.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	-2.89K	-11.44K	-3.99K	-2.48K
	EBIT
-675.94K	-1.11M	-1.07M	880.20K	-915.23K	-292.60K
	EBITDA
-784.15K	-966.02K	-1.17M	-1.15M	-1.79M	-519.43K
	Net Income Common Stockholders
-1.89M	-2.10M	-2.08M	-1.37M	-1.77M	-580.21K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
755.45K	1.30M	129.84K	1.39M	4.25M	90.75K
	Total Assets
16.79M	17.22M	15.70M	15.78M	15.04M	8.20M
	Total Debt
2.48M	9.99M	9.38M	8.57M	9.32M	8.74M
	Net Debt
1.73M	8.69M	9.26M	7.22M	5.09M	8.65M
	Total Liabilities
10.88M	10.85M	10.52M	9.46M	10.43M	9.79M
	Stockholders Equity
5.91M	6.37M	5.18M	6.32M	4.61M	-1.59M
Cash Flow		Free Cash Flow
-1.21M	-649.23K	-932.97K	-1.17M	-1.55M	-457.63K
	Operating Cash Flow
-1.03M	-605.36K	-930.47K	-868.90K	-1.41M	-349.00K
	Investing Cash Flow
-327.22K	-884.72K	-932.50K	-3.04M	-1.34M	-108.63K
	Financing Cash Flow
-268.50K	2.67M	629.55K	1.03M	6.89M	537.59K

Omineca Mining and Metals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OMM, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.88 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:OMM.

Omineca Mining and Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$2.85B	18.39	26.82%	―	77.93%	236.93%
GQC	48 Neutral	C$137.35M	―	-26.93%	―	―	25.41%
Sector *	47 Neutral	$2.44B	-2.82	-21.78%	3.51%	4.15%	-28.75%
FF	46 Neutral	C$135.04M	―	-6.34%	―	―	-158.67%
OMM	36 Underperform	C$13.09M	―	-31.71%	―	―	18.85%
SKE	33 Underperform	C$1.49B	―	-141.24%	―	―	-19.29%
BTR	31 Underperform	C$35.88M	―	-91.29%	―	―	7.15%

Omineca Mining and Metals Corporate Events

Omineca Mining and Metals Grants 10 Million Stock Options to Key Figures

Omineca Mining and Metals Ltd. has announced the grant of 10 million stock options, with 4.5 million allocated to directors and executive officers and the remainder to consultants. These options are exercisable at $0.07 per share and have a five-year expiration period. The announcement reflects Omineca’s strategic approach to incentivize key stakeholders and potentially strengthen its operational capabilities in the competitive mining sector.

Omineca Completes $2.4M Financing for Gold Drilling

Omineca Mining and Metals has successfully closed a $2.4 million brokered financing, which will fund the expansion of its gold drilling program at Wingdam, British Columbia. The offering saw the issuance of over 43 million flow-through units, each comprising a common share and a purchase warrant, and was conducted under Canadian securities exemptions.

Omineca Expands Drilling Program at Wingdam

Omineca Mining and Metals Ltd. has expanded its diamond drilling program at Wingdam from 10 to 17 holes, aiming to drill up to 10,000 meters. The company has made progress with both drill rigs encountering promising mineralization, and drilling will continue in the new year with results to be shared upon analysis.

Omineca Mining Secures Funding for Gold Exploration

Omineca Mining and Metals Ltd. has announced a $2.4 million brokered financing to bolster its gold drilling program at Wingdam in British Columbia. The funds will be used to further explore the lode source of placer gold at the site, echoing the mineralization seen at the neighboring Cariboo Gold Project. Additionally, a joint venture is set to recommence placer gold production, with Omineca agreeing to new terms for gold production payments.

Omineca Expands Gold Exploration at Wingdam

Omineca Mining and Metals Ltd. is ramping up its Wingdam gold exploration in British Columbia by deploying a second drill rig, highlighting promising sulphide mineralization in initial drill holes. The drilling program may be expanded as samples are being prepared for assay, with results anticipated soon.

Omineca Mining Raises $1.5M for Gold Exploration

Omineca Mining and Metals successfully closed a rights offering, raising $1.5 million to fund its gold exploration and drilling operations at the Wingdam project in British Columbia. The offering included over 38 million units, each with a common share and a warrant. The proceeds will support ongoing exploration and general corporate purposes.

Omineca Mining Launches Exploration Drilling in BC

Omineca Mining and Metals Ltd. has begun diamond drilling at its Wingdam hard rock exploration project in British Columbia’s Cariboo Mining District. The program aims to explore gold systems west of the Eureka Thrust Fault, a region known for significant gold deposits. Updates on the drilling progress and results will be provided as the exploration advances.

Omineca Mining Launches Rights Offering for Investors

Omineca Mining and Metals Ltd. has announced a Rights Offering, allowing shareholders to purchase additional units at a discounted price before the November 20, 2024 deadline. Each unit includes one common share and a warrant, enabling investors to engage in potentially lucrative opportunities with the company’s promising gold exploration projects.

Omineca Mining Resumes Gold Extraction at Wingdam

Omineca Mining and Metals Ltd. is set to restart mining operations at its Wingdam project in British Columbia, utilizing steel tunnel liners for more efficient and cost-effective gold extraction. The company aims to excavate gold-bearing gravels in the paleochannel, promising potential increased placer gold recovery.