Palamina (PA) AI Stock Analysis

• Market Cap: C$7.52M
• Dividend Yield: N/A
• Average Volume (3M): 20.12K
• Price to Earnings (P/E): 5.6
• Beta (1Y): 0.74
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 71,634,834
• 10 Day Avg. Volume: 3,700
• 30 Day Avg. Volume: 20,118
• PEG Ratio: 0.08
• Price to Book (P/B): 6.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.69
• 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: 37 Underperform
• Price Target: ―

Palamina Corp. faces significant financial challenges, with consistent negative revenue and cash flow issues, despite having no debt. Technical analysis indicates weak momentum, while the valuation suggests potential undervaluation. The positive corporate event related to manganese anomalies offers some optimism for future exploration success, but overall, financial difficulties weigh heavily on the stock's potential.

Palamina Business Overview & Revenue Model

Company Description

Palamina Corp., through its subsidiary, Palamina S.A. de C.V., focuses on the exploration of mineral deposits in Mexico, Canada, and Peru. It explores for gold, copper, and silver deposits. The company owns 100% interests in the Usicayos Gold project covering an area of 14,600 hectares, the Bendi Gold project covering an area of 13,400 hectares, the Cori Gold project covering an area of 18,000 hectares, and the Inca Gold project covering an area of 2,600 hectares that are located in south-eastern Peru. It also owns 100% interests in the Tinka iron oxide copper-gold project covering an area of 1,800 hectares located in southern Peru; the Galena Silver Copper project covering an area of 10,300 hectares located at south-eastern Peru; and the El Santuario property located in the Cardonal district, Hidalgo State, Mexico. The company was incorporated in 2015 and is headquartered in Toronto, Canada.

How the Company Makes Money

Palamina makes money through the exploration and development of its gold projects, primarily located in Peru. The company's revenue model involves identifying promising mineral properties, conducting exploratory drilling and geological assessments, and then either developing these properties into producing mines or selling the projects to larger mining companies. Key revenue streams include potential sale of mineral rights, joint ventures, and eventual gold production. Partnerships with local stakeholders and larger mining companies play a significant role in advancing exploration projects and securing funding for development.

Palamina Financial Statement Overview

Summary

Palamina is facing significant financial struggles, with continuous losses and negative equity in some years. Despite having no debt, the lack of revenue and persistent cash flow issues suggest a need for strategic changes to achieve financial sustainability. The company needs to stabilize its operations and improve cash generation to enhance its financial health.

Income Statement

Palamina shows consistent negative revenue with no total revenue reported over the periods. The company has high EBIT and EBITDA losses, indicating significant operational challenges. Lack of revenue growth and negative profit margins highlight persistent deficiencies in generating income.

Balance Sheet

The balance sheet reflects a company with no debt, which mitigates financial risk. However, the fluctuating and sometimes negative stockholders' equity indicates instability. The equity ratio varies significantly, suggesting a lack of financial stability and efficient asset management.

Cash Flow

Cash flow statements show consistent negative operating and free cash flows, pointing to ongoing struggles in generating cash from core operations. Positive investing cash flow is primarily due to divestments rather than operational success, while the free cash flow to net income ratio remains negative.

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
-9.11K	-8.01K	-8.17K	-4.62K	-9.19K	-13.37K
	EBIT
-1.09M	-1.56M	-2.26M	-2.91M	-1.30M	-2.59M
	EBITDA
-2.73M	-1.40M	-2.08M	-2.69M	-1.13M	-1.83M
	Net Income Common Stockholders
-1.96M	―	-2.39M	-3.06M	-1.59M	-1.60M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
40.07K	3.04M	81.30K	2.23M	61.71K	34.66K
	Total Assets
108.14K	3.71M	306.09K	2.66M	211.48K	596.19K
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-40.07K	-3.04M	-81.30K	-2.23M	-61.71K	-34.66K
	Total Liabilities
485.30K	768.00K	442.57K	522.05K	425.14K	553.17K
	Stockholders Equity
-377.16K	2.94M	-136.48K	2.14M	-213.66K	43.02K
Cash Flow		Free Cash Flow
-2.53M	-1.27M	-2.06M	-2.62M	-1.10M	-1.76M
	Operating Cash Flow
-2.48M	-1.27M	-2.04M	-2.60M	-1.09M	-1.76M
	Investing Cash Flow
3.45M	3.50M	-111.08K	-155.02K	43.38K	-1.15K
	Financing Cash Flow
-16.50K	726.06K	0.00	4.92M	1.08M	1.75M

Palamina Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PA, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.31 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PA.

Palamina Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.02B	-1.12	-21.36%	3.65%	2.87%	-30.54%
TROY	45 Neutral	C$9.95M	―	-39.50%	―	―	0.56%
KORE	42 Neutral	C$6.07M	―	-63.28%	―	―	59.57%
PA	37 Underperform	C$7.52M	5.59	-313.29%	―	―	―
PGC	35 Underperform	C$6.92M	―	-16.31%	―	―	40.00%
VG	35 Underperform	C$6.38M	―	-102.04%	―	―	-15.08%
BTUMF		$5.96M	―	-3.77%	―	―	―

Palamina Corporate Events

Palamina Uncovers Key Manganese Anomalies at Galena Project

Palamina Corp. has identified significant manganese anomalies at its Galena Silver Copper Project in Peru through a comprehensive soil sampling program. This discovery, aligning with regional metallogenic trends, suggests potential for significant carbonate replacement deposit mineralization, which could enhance the company’s exploration efforts and industry positioning.

Palamina’s Promising Gold Discovery in Peru

Palamina Corp. has successfully completed its 2024 scout drill program at the Usicayos Gold Project in Peru, revealing promising gold mineralization in the Sol de Oro zone. The drilling identified both broad intervals and high-grade gold assays, indicating the potential for an orogenic gold deposit. These findings suggest significant opportunities for future exploration and development in the region.