Pelangio Exploration (PX) AI Stock Analysis

• Market Cap: C$17.80M
• Dividend Yield: N/A
• Average Volume (3M): 81.74K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.38
• Revenue Growth: N/A
• EPS Growth: 28.70%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 197,760,220
• 10 Day Avg. Volume: 63,986
• 30 Day Avg. Volume: 81,736
• PEG Ratio: -0.46
• Price to Book (P/B): -29.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.58
• 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: 38 Underperform
• Price Target: ―

Pelangio Exploration's overall stock score is driven primarily by its troubling financial performance, marked by zero revenue and significant losses, which raises concerns about its sustainability. Technical analysis shows some short-term stability, but with potential volatility. Additionally, while corporate events suggest strategic exploration initiatives, these are speculative and not guaranteed to improve financial performance. The stock's valuation indicates distress, with negative earnings and no dividend yield, highlighting inherent risks.

Pelangio Exploration Business Overview & Revenue Model

Company Description

Pelangio Exploration Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. It holds interests in various gold properties in Canada, Africa, and Ghana. The company was incorporated in 2008 and is headquartered in Toronto, Canada.

How the Company Makes Money

Pelangio Exploration makes money primarily through the discovery and development of mineral resources, particularly gold, which can be sold or partnered for further development. The company raises capital through equity financing to fund its exploration activities and may also generate revenue by entering into joint venture agreements, option agreements, or selling interests in its properties to other mining companies. These partnerships or sales provide upfront payments, ongoing funding, or royalties from future production, contributing to the company's earnings.

Pelangio Exploration Financial Statement Overview

Summary

Pelangio Exploration exhibits significant financial distress, with zero revenue generation, declining asset values, negative equity, and consistent operational and net losses. The company is heavily reliant on external financing, which is not improving its operational cash flow. These factors, combined with the absence of revenue, suggest a precarious financial position with significant risks.

Income Statement

Pelangio Exploration has consistently reported zero revenue over the periods, indicating a lack of operational income. The company shows negative EBIT and EBITDA margins, highlighting operational inefficiencies and high operational costs relative to nonexistent revenue. Net income is consistently negative, with no revenue growth potential observed, which limits profitability prospects.

Balance Sheet

The company has a negative stockholders' equity, primarily driven by consistent losses, which is a concerning sign of financial instability. The debt-to-equity ratio cannot be calculated due to negative equity, and liabilities exceed assets, pointing to potential solvency issues. However, the company maintains a relatively low level of total debt.

Cash Flow

Pelangio Exploration's cash flow from operating activities is negative, resulting in a negative free cash flow, which underscores challenges in generating cash from its core activities. The financing cash flow indicates reliance on external financing sources, but this is not translating into improved operating cash flow, suggesting inefficiencies in fund utilization.

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	-3.56K	-2.30K	-3.08K	-4.18K	-5.81K
	EBIT
-743.98K	-1.32M	-2.21M	-3.31M	-2.52M	-1.63M
	EBITDA
-738.33K	-1.32M	-1.60M	-2.98M	-2.07M	-1.39M
	Net Income Common Stockholders
-755.51K	-1.39M	-1.36M	-2.73M	-1.81M	-1.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
325.60K	473.89K	929.95K	1.08M	2.47M	546.19K
	Total Assets
348.75K	497.44K	1.03M	1.23M	2.57M	647.32K
	Total Debt
60.00K	40.00K	40.00K	40.00K	40.00K	0.00
	Net Debt
-160.64K	-194.35K	-563.64K	-674.64K	-2.06M	-392.27K
	Total Liabilities
1.02M	1.13M	647.12K	740.88K	816.41K	573.09K
	Stockholders Equity
-667.12K	-632.41K	380.66K	485.55K	1.75M	74.23K
Cash Flow		Free Cash Flow
-908.79K	-708.95K	-1.11M	-2.55M	-1.86M	-1.76M
	Operating Cash Flow
-908.79K	-708.95K	-1.11M	-2.55M	-1.86M	-1.49M
	Investing Cash Flow
0.00	0.00	50.62K	51.18K	45.07K	38.21K
	Financing Cash Flow
826.15K	339.66K	948.52K	1.12M	3.52M	826.06K

Pelangio Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PX, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PX.

Pelangio Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAM	78 Outperform	C$20.39M	7.24	8.22%	―	32.89%	―
Sector *	61 Neutral	$2.83B	10.92	0.41%	8438.90%	5.75%	-21.03%
TGOL	44 Neutral	C$12.51M	―	-12.23%	―	―	-52.78%
CCE	42 Neutral	C$14.84M	―	-45.75%	―	―	-1014.38%
SME	40 Underperform	C$14.30M	2.60	24.42%	―	―	―
PX	38 Underperform	C$17.80M	―		―	―	28.70%
SUPR	32 Underperform	C$15.04M	―	-21.42%	―	―	9.29%

Pelangio Exploration Corporate Events

Pelangio Exploration Initiates Geochemical Pitting at Obuasi Property

Pelangio Exploration Inc. has begun a geochemical pitting program on its Obuasi property in Ghana, following a UAV magnetics survey that identified potential gold targets. This initiative, part of a collaboration with TuNya Mineral Resources Ltd., aims to enhance the understanding of the Obuasi mine trend’s extension onto Pelangio’s land, potentially leading to further trenching or drill testing. The program also fosters local community engagement by creating temporary jobs.

Pelangio Exploration Unveils Promising Ghana Survey Results

Pelangio Exploration Inc. has completed a high-resolution UAV magnetics survey on its Obuasi property in Ghana, revealing promising new targets along the Obuasi Mine trend. This development enhances their understanding of the mineral-rich area and sets the stage for further exploration efforts. The company remains optimistic about the potential for significant mineral discoveries in this untested region.

Pelangio Exploration to Attend Precious Metals Summit

Pelangio Exploration Inc. is set to participate in the 2024 Precious Metals Summit in Zurich, a key event for showcasing developments in its Manfo gold project in Ghana. The company aims to attract investor interest as it eyes near-term production and updates to its Mineral Resource Estimate. This aligns with Pelangio’s strategy to engage with the investment community and potentially expand its shareholder base.

Pelangio Exploration Launches UAV Survey in Ghana

Pelangio Exploration has launched a high-resolution UAV magnetics survey on its Obuasi property in Ghana, aiming to uncover potential gold mineralization adjacent to the prolific Obuasi Mine. This survey, conducted with TuNya Mineral Resources, is expected to provide crucial data to enhance exploration efforts. The Obuasi property is strategically located in a region renowned for its rich gold deposits.