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Pasinex Resources Limited (TSE:PSE)
:PSE
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Pasinex Resources (PSE) AI Stock Analysis

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Pasinex Resources

(PSE)

Rating:29Underperform
Price Target:
Pasinex Resources is under severe financial pressure with no revenue and high leverage, which are significant red flags. Strong technical indicators provide some short-term price momentum, but the negative valuation and financial performance outweigh these positive signals, resulting in a low overall score.

Pasinex Resources (PSE) vs. iShares MSCI Canada ETF (EWC)

Pasinex Resources Business Overview & Revenue Model

Company DescriptionPasinex Resources Limited engages in the acquisition, exploration, and development of mineral properties. It explores for zinc, lead, silver, and copper deposits. The company holds a 50% interest in the Pinargozu zinc mine; and the Akkaya property located in Adana Province, Turkey. It also holds an option to acquire 80% interest in the Gunman zinc exploration project in Nevada. The company was incorporated in 2006 and is headquartered in Toronto, Canada.
How the Company Makes MoneyPasinex Resources makes money primarily through the extraction and sale of zinc concentrate from its joint venture operations at the Pinargozu mine. Revenue is generated from the sale of zinc concentrate to third-party buyers in the market, where prices are influenced by global supply and demand dynamics. The company's financial performance is also impacted by the operational efficiency of its mining activities, the cost of production, and the quality of the mineral resources being extracted. Strategic partnerships, particularly the joint venture with Akmetal AS, play a crucial role in the company's operational capabilities and access to mining projects.

Pasinex Resources Financial Statement Overview

Summary
Pasinex Resources faces significant financial challenges, with zero revenue, consistent losses, negative equity, and reliance on external financing. These factors severely impact the company's financial stability and prospects.
Income Statement
10
Very Negative
Pasinex Resources has consistently reported zero revenue across all periods. The company operates at a significant loss, with negative EBIT and net income figures. The absence of revenue growth and negative margins indicate severe challenges in generating sales and controlling costs.
Balance Sheet
15
Very Negative
The company's balance sheet shows negative stockholders' equity, indicating a higher total liability than assets. This is concerning as it reflects potential financial distress and indicates high leverage with a negative equity ratio. The debt-to-equity ratio cannot be accurately calculated due to negative equity, but the substantial debt level poses a risk.
Cash Flow
20
Very Negative
Cash flow analysis reveals negative operating and free cash flows, indicating cash outflow exceeds cash inflow from operations. The company relies on external financing, as shown by the financing cash flow, but it still struggles to achieve positive free cash flow growth. Operating cash flow to net income ratio is not meaningful due to negative income.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit0.00-1.91K-2.16K0.000.00
EBITDA-2.62M-2.05M-2.52M-1.14M-1.14M
Net Income-2.65M-310.00K2.04M-130.00K-1.25M
Balance Sheet
Total Assets3.56M3.02M4.08M2.87M2.11M
Cash, Cash Equivalents and Short-Term Investments542.01K177.28K855.57K100.03K46.03K
Total Debt4.28M2.53M2.44M2.93M2.21M
Total Liabilities4.90M2.98M3.56M3.99M3.45M
Stockholders Equity-1.34M47.97K517.17K-1.12M-1.34M
Cash Flow
Free Cash Flow-1.56M-556.22K1.84M-509.64K-847.24K
Operating Cash Flow-1.55M-554.40K1.84M-480.03K-826.39K
Investing Cash Flow-1.70K-1.82K-2.04K-29.61K-20.85K
Financing Cash Flow1.58M-50.00K-634.62K580.00K945.50K

Pasinex Resources Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.06
Price Trends
50DMA
0.06
Negative
100DMA
0.05
Positive
200DMA
0.04
Positive
Market Momentum
MACD
<0.01
Positive
RSI
49.42
Neutral
STOCH
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PSE, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.42 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:PSE.

Pasinex Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
60
Neutral
C$4.84M0.15-60.72%
44
Neutral
AU$1.45B-5.90-41.37%4.07%-3.45%-43.04%
TSSMY
41
Neutral
C$12.96M-3.92%-9.09%
TSAVE
40
Underperform
C$27.42M-34.48%59.67%
TSPSE
29
Underperform
C$9.40M-184.63%-400.00%
$8.64M-105.10%
$4.84M-1.16%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:PSE
Pasinex Resources
0.06
0.04
200.00%
TSE:SMY
Search Minerals
0.31
0.11
55.00%
GARWF
Golden Arrow Resources
0.05
0.02
66.67%
PEMIF
Pure Energy Minerals
0.15
-0.09
-37.50%
TSE:HUNT
Gold Hunter Resources
0.06
-0.06
-50.00%
TSE:AVE
Vital Battery Metals, Inc.
0.44
0.26
144.44%

Pasinex Resources Corporate Events

Pasinex Announces Key Leadership Changes and Strategic Developments
Jan 7, 2025

Pasinex Resources has announced significant leadership changes with the appointment of Ian D. Atacan as Chief Financial Officer and Corporate Secretary, succeeding Andrew Gottwald. The company is strategically positioning itself for growth in the Turkish zinc mining sector, leveraging Atacan’s extensive experience in the industry. Additionally, Pasinex has secured an option to acquire the Sarikaya License, highlighting its commitment to expanding high-grade zinc resources. New appointments within its subsidiary Pasinex AŞ emphasize the company’s focus on local expertise and operational efficiency. The transition to JC Professional Corporation as the new auditor aims to enhance audit oversight, aligning with the company’s growth objectives.

Pasinex Resources Announces Key Leadership Changes and Strategic Developments
Jan 7, 2025

Pasinex Resources Limited has announced significant leadership changes, appointing Ian D. Atacan as the new Chief Financial Officer and Corporate Secretary. These appointments are part of a strategic move to leverage local expertise and enhance operational efficiency, positioning the company for sustainable growth amidst ongoing projects and financing efforts.

Pasinex Resources Reports Q3 Loss Amid Legal Issues
Nov 29, 2024

Pasinex Resources has released their third-quarter financial results, revealing a consolidated net loss and a significant drop in zinc production and sales compared to the previous year. The company is also dealing with ongoing legal actions involving Horzum AS, which has impacted their financial performance.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 31, 2025