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Probe Metals
(TSX:PRB)
Probe Metals (PRB) vs. iShares MSCI Canada ETF (EWC)
Probe Metals Business Overview & Revenue Model
Probe Metals Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -222.35K | -231.57K | -215.99K | -805.98K | -154.31K | EBIT |
| -30.49M | -30.66M | -32.67M | -17.98M | -20.23M | EBITDA |
| -24.37M | -25.09M | -29.61M | -11.86M | -14.34M | Net Income Common Stockholders |
| -24.70M | -25.40M | -29.92M | -12.77M | -14.62M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 22.91M | 26.00M | 26.84M | 32.71M | 34.56M | Total Assets |
| 34.32M | 34.32M | 34.26M | 34.88M | 37.55M | Total Debt |
| 417.35K | 513.43K | 578.67K | 397.10K | 263.75K | Net Debt |
| -21.40M | -24.72M | -22.98M | -28.47M | -30.48M | Total Liabilities |
| 14.86M | 8.64M | 4.36M | 3.90M | 6.09M | Stockholders Equity |
| 19.45M | 25.68M | 29.90M | 30.98M | 31.46M |
| Cash Flow | Free Cash Flow | |||
| -18.78M | -24.44M | -34.53M | -12.97M | -14.66M | Operating Cash Flow |
| -18.77M | -24.42M | -34.38M | -12.94M | -14.51M | Investing Cash Flow |
| -851.37K | 3.11M | -150.13K | 1.12M | 468.57K | Financing Cash Flow |
| 16.21M | 22.98M | 29.22M | 9.95M | 10.08M |
Probe Metals Technical Analysis
Probe Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$484.96M | 3.04 | 62.25% | 6.85% | 72.71% | 514.32% | |
65 Neutral | C$617.49M | ― | -5.78% | ― | 19.84% | 84.50% | |
51 Neutral | $2.04B | -1.15 | -21.24% | 3.95% | 2.91% | -30.44% | |
50 Neutral | C$522.74M | ― | -0.28% | ― | ― | 83.41% | |
47 Neutral | C$505.82M | ― | -177.01% | ― | ― | 10.27% | |
46 Neutral | C$420.84M | ― | -14.97% | ― | ― | -83.38% | |
25 Underperform | C$554.61M | ― | 21.44% | ― | ― | -49.49% |
Probe Metals Corporate Events
Probe Gold Inc. announced significant results from its 50,000-metre infill drilling program at the Monique deposit within its Novador project in Quebec. The drilling results, which include high-grade gold intercepts, will support the 2025 pre-feasibility study, aiding in resource conversion and project development. These findings confirm the continuity and potential expansion of gold zones at Monique, enhancing the project’s value and positioning it as a premier gold development project.
Spark’s Take on TSE:PRB Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRB is a Neutral.
Probe Metals is facing major financial hurdles due to its lack of revenue and consistent losses. However, the company’s exploration results and successful financing efforts in Quebec provide a positive outlook. The technical analysis suggests mixed momentum, while the valuation remains unattractive. Overall, these factors lead to a cautious stock score, reflecting the significant financial risks but acknowledging the potential for future growth through exploration.
To see Spark’s full report on TSE:PRB stock, click here.
Probe Gold Inc. has completed a 50,000-metre infill drilling program at its Novador project in Quebec, yielding high-grade gold intercepts at the Monique deposit. These results confirm the continuity and potential expansion of gold zones, supporting the upcoming pre-feasibility study and advancing the project towards development. The company is focused on consolidating the project into larger open pits, de-risking the project, and enhancing its value, backed by a robust treasury of over $50 million.
Spark’s Take on TSE:PRB Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRB is a Neutral.
Probe Metals is facing major financial hurdles due to its lack of revenue and consistent losses. However, the company’s exploration results and successful financing efforts in Quebec provide a positive outlook. The technical analysis suggests mixed momentum, while the valuation remains unattractive. Overall, these factors lead to a cautious stock score, reflecting the significant financial risks but acknowledging the potential for future growth through exploration.
To see Spark’s full report on TSE:PRB stock, click here.
Probe Gold Inc. has successfully closed a $45 million bought-deal private placement to fund its exploration and development activities. The proceeds will be used to advance the Novador Gold project and explore other properties in Québec, enhancing the company’s operational capabilities and strengthening its position in the gold mining industry.
Spark’s Take on TSE:PRB Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRB is a Neutral.
Probe Metals exhibits substantial financial challenges and negative cash flows, impacting its financial performance score. However, the successful financing rounds and positive exploration results in Quebec provide a positive outlook, balancing some of the financial risks. The technical analysis suggests mixed momentum, while valuation remains unattractive due to a lack of earnings and dividends.
To see Spark’s full report on TSE:PRB stock, click here.
Probe Gold Inc. has announced an increase in its bought deal private placement to $45.275 million due to strong investor demand. The proceeds will be used to advance the Novador Gold project and explore other properties in Québec, with the offering expected to close by April 9, 2025, pending regulatory approvals. This move highlights Probe’s strategic focus on expanding its gold exploration and development activities in Québec, potentially enhancing its market position and offering growth opportunities for stakeholders.
Probe Gold Inc. has announced a $30 million bought deal private placement agreement with a syndicate of underwriters, including Canaccord Genuity Corp., Beacon Securities Limited, and Scotiabank. The proceeds from this offering will be used to advance the Novador Gold project and explore other properties in Québec, with the expectation of closing the deal by April 9, 2025, subject to regulatory approvals. This strategic move is poised to enhance Probe Gold’s exploration capabilities and strengthen its position in the Canadian gold mining industry.
Probe Gold Inc. has announced significant results from its infill drilling program at the Novador project in Quebec, with notable gold intercepts at both the Bussiere and Monique deposits. These results support the ongoing pre-feasibility study and demonstrate the project’s potential for development, reinforcing Probe’s confidence in advancing Novador as a leading gold development project.
Probe Gold Inc. has announced promising results from geochemical studies at its Novador mine project, indicating that the waste rock and tailings are non-acid-generating and non-leachable. This classification is expected to lower infrastructure costs and simplify permitting processes, while also minimizing environmental contamination risks. The results support the company’s commitment to sustainable mining and add significant value to the Novador project.
Probe Gold Inc. has reported promising results from its 2024 MMI soil sampling program on its Detour Quebec Project, which is 100% owned by the company. The sampling identified strong gold and gold-copper trends, suggesting the potential for mineralized systems akin to Agnico Eagle’s Zone 58N-style high-grade gold deposits. The results have prompted plans for ground geophysical surveys and follow-up drilling in 2025, emphasizing the Detour project’s importance in Probe Gold’s exploration strategy.