Ridgeline Minerals (RDG) AI Stock Analysis

• Market Cap: C$25.10M
• Dividend Yield: N/A
• Average Volume (3M): 248.31K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: N/A
• EPS Growth: 21.65%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 139,464,900
• 10 Day Avg. Volume: 165,933
• 30 Day Avg. Volume: 248,308
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -10.90
• 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

Ridgeline Minerals' overall score reflects significant financial challenges, with ongoing losses and negative cash flows weighing heavily. Technical indicators suggest neutral momentum with some downward pressure. The recent positive corporate event related to exploration prospects provides a potential upside but does not offset the financial difficulties. The valuation remains unattractive due to negative earnings.

Ridgeline Minerals Business Overview & Revenue Model

Company Description

Ridgeline Minerals (RDG) is a mineral exploration company focused on discovering and developing gold and silver resources in the United States. The company engages in the acquisition and exploration of precious metal properties, with a strategic emphasis on underexplored regions within Nevada's prolific mining districts. Ridgeline Minerals positions itself within the metals and mining sector and aims to enhance shareholder value through systematic exploration and potential resource development.

How the Company Makes Money

Ridgeline Minerals generates revenue primarily through the exploration and potential sale or development of mineral properties. The company's business model involves identifying promising exploration targets, conducting geological assessments, and advancing these projects to attract partnerships or acquisitions. Revenue is generated when Ridgeline Minerals either sells interest in its mineral properties to larger mining companies or enters into joint ventures where partners fund exploration in exchange for a stake in the project. The company's earnings can be significantly influenced by successful discoveries, the prevailing market prices for gold and silver, and strategic partnerships with other mining entities.

Ridgeline Minerals Financial Statement Overview

Summary

Ridgeline Minerals faces significant financial challenges, characterized by a lack of revenues, persistent losses, and negative cash flows. While the company benefits from a strong equity base and low leverage, its ongoing reliance on external financing raises concerns about future financial stability.

Income Statement

Ridgeline Minerals has consistently reported zero revenue, with negative gross profit, EBIT, and net income. The lack of top-line growth and ongoing losses indicate significant challenges in revenue generation and cost management, typical in the exploration stage of mining companies.

Balance Sheet

The company maintains a strong equity position with low debt levels, as indicated by a low debt-to-equity ratio. However, the continuous increase in net losses over the years has raised concerns about long-term equity sustainability. The equity ratio remains high, reflecting strong asset backing.

Cash Flow

Ridgeline Minerals has negative operating and free cash flows, highlighting its dependence on financing activities to support operations. The lack of revenue generation and high capital expenditures continue to strain cash reserves, presenting a risk to liquidity.

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
-75.72K	0.00	-79.42K	-49.05K	-18.50K	0.00
	EBIT
-1.18M	-901.68K	-1.02M	-1.20M	-1.28M	-249.76K
	EBITDA
-1.07M	-561.72K	-663.37K	-836.94K	-945.34K	0.00
	Net Income Common Stockholders
-1.15M	-903.68K	-970.25K	-1.21M	-1.27M	-272.61K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.23M	505.05K	1.19M	1.92M	2.76M	1.23M
	Total Assets
2.48M	11.70M	9.75M	8.63M	6.69M	2.48M
	Total Debt
0.00	116.12K	84.88K	97.94K	21.00K	0.00
	Net Debt
-1.23M	-388.94K	-1.10M	-1.83M	-2.74M	-1.23M
	Total Liabilities
28.58K	195.15K	766.38K	162.82K	189.06K	28.58K
	Stockholders Equity
2.45M	11.50M	8.98M	8.47M	6.50M	2.45M
Cash Flow		Free Cash Flow
-2.68M	-3.75M	-2.44M	-3.67M	-3.06M	-1.06M
	Operating Cash Flow
-826.20K	-794.87K	-674.05K	-858.88K	-816.15K	-155.87K
	Investing Cash Flow
-1.81M	-2.95M	-1.77M	-2.86M	-2.25M	-902.07K
	Financing Cash Flow
1.50M	3.06M	1.77M	2.98M	4.57M	2.28M

Ridgeline Minerals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.18
• 50DMA: Negative
• 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:RDG, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.20, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.40 is Neutral, neither overbought nor oversold. The STOCH value of 8.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RDG.

Ridgeline Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	47 Neutral	$2.36B	-2.99	-21.59%	3.58%	4.21%	-28.30%
AMX	46 Neutral	C$105.19M	98.86	1.20%	―	―	―
RDG	45 Neutral	C$25.10M	―	-9.76%	―	―	21.65%
FVL	37 Underperform	C$347.12M	―	-1.12%	―	―	66.34%
SKE	33 Underperform	C$1.45B	―	-141.24%	―	―	-19.29%
GTCH	31 Underperform	C$25.71M	―	274.83%	―	―	51.93%
NUG	25 Underperform	C$3.62M	―	-196.38%	―	―	-2283.33%

Ridgeline Minerals Corporate Events

Ridgeline Minerals Upsizes Private Placement to $4.2 Million

Ridgeline Minerals Corp. announced an increase in its non-brokered private placement to $4.2 million, involving up to 28 million units priced at $0.15 each. The funds raised will support exploration activities in Nevada and general working capital, with potential participation from company insiders, and is subject to TSX Venture Exchange approval.

Ridgeline Minerals Launches $3.5 Million Private Placement for Nevada Exploration

Ridgeline Minerals Corp. announced a non-brokered private placement aiming to raise up to $3,500,000 through the sale of units priced at $0.15 each, consisting of common shares and warrants. The funds will support exploration activities in Nevada and general working capital, with directors possibly participating in the transaction, which is considered a related party transaction under regulatory guidelines. The placement is subject to a finder’s fee and regulatory approval.

Ridgeline Elevates Copper-Gold Exploration at Big Blue Project

Ridgeline Minerals has announced the completion of its Phase II geophysical survey at the Big Blue project in Nevada, which has expanded the target area for copper-gold porphyry exploration. The survey revealed a significant chargeability high and resistivity anomaly, indicating a strong potential for a hydrothermal system at depth, which could enhance the company’s exploration prospects and positions Ridgeline to proceed with its maiden drill program.

Ridgeline Minerals Stakes High-Grade Gold Project in Nevada

Ridgeline Minerals has announced the acquisition of the Atlas Gold Project in Nevada, a promising Carlin-Type gold exploration prospect. The project, spanning 1,219 acres, is strategically located on the Carlin Trend and offers a significant opportunity for a bulk tonnage, oxide gold discovery. With historical rock chip samples showing high gold grades, the project has strong potential for exploration success. The company’s leadership, experienced in similar discoveries, is optimistic about uncovering new gold deposits at Atlas, enhancing Ridgeline’s competitive positioning in the North American gold mining industry.

Ridgeline Minerals Reports Promising Nevada Exploration

Ridgeline Minerals has made significant exploration progress within its Nevada portfolio, particularly at the Swift and Selena projects through partnerships with Nevada Gold Mines and South32. The company plans a robust exploration budget of up to $5 million for 2024, with most of the funding coming from its partners, and anticipates further drilling programs at its projects in 2025.

Ridgeline Minerals Strikes High-Grade Gold in Nevada

Ridgeline Minerals has announced a significant high-grade gold discovery at its Swift Project in Nevada, with drill results revealing mineralization comparable to existing mines in the Cortez District. This milestone discovery marks a promising development in their ongoing exploration efforts with Nevada Gold Mines.