Ridgeline Minerals (RDG) AI Stock Analysis

• Market Cap: C$34.27M
• Dividend Yield: N/A
• Average Volume (3M): 351.38K
• Price to Earnings (P/E): 79.0
• Beta (1Y): 1.21
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.01
• Shares Outstanding: 139,881,560
• 10 Day Avg. Volume: 406,371
• 30 Day Avg. Volume: 351,377
• PEG Ratio: 1.72
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.99
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$0.25 ▼(-11.79% Downside)

The score is held back primarily by weak financial performance (pre-revenue, operating losses, and persistent cash burn despite a strong low-debt balance sheet) and limited valuation support (high P/E, no dividend). Offsetting factors include constructive technicals (price above long-term averages with mild positive momentum) and a series of positive, growth-oriented exploration updates.

Positive Factors

Low leverage / strong balance sheet

Very low debt (debt-to-equity ~0.6%) provides durable financial flexibility for a mineral explorer, allowing Ridgeline to fund multi-year exploration programs, absorb setbacks, and pursue JV or asset-acquisition opportunities without immediate reliance on high-cost borrowing.

Growing equity supporting asset base

Rising equity versus prior years strengthens the company’s asset base and credibility with counterparties. A larger equity buffer reduces insolvency risk, improves negotiating leverage for farm-outs or joint ventures, and supports longer-term project advancement before development financing is required.

Positive, growth-oriented exploration updates

Consistent high-grade assay announcements and an expanded CRD discovery materially improve the likelihood of defining a commercially meaningful resource. For an explorer, repeatable discovery progress is a structural value driver that can attract partners and justify staged investment over the coming years.

Negative Factors

Pre-revenue with persistent operating losses

Being pre-revenue with sustained negative EBIT/EBITDA means Ridgeline lacks operating cash inflows and must rely on external capital for continued exploration. Over time this raises dilution and financing execution risk, slowing project timelines and reducing shareholder return predictability.

Weak cash generation and deteriorating FCF

Consistent negative operating cash flow and a sharp deterioration in free cash flow indicate the company is burning cash faster than it generates value. This structural cash deficit increases reliance on periodic financing rounds, elevating dilution risk and constraining the pace of sustained exploration spending.

Earnings quality concerns (non‑cash/net income swing)

A TTM swing to positive net income driven by non-operational items undermines earnings quality. When accounting gains aren’t matched by operating cash, reported profitability is volatile and less reliable for assessing long-term project economics or management execution, complicating investor appraisal.

Ridgeline Minerals Business Overview & Revenue Model

Company Description

Ridgeline Minerals Corp. engages in the acquisition, exploration, and evaluation of mineral properties in the United States. The company primarily explores for gold, lead, zinc, and silver deposits. The company holds interests in the Selena project that includes 467 bureau of land management (BLM) administered contiguous federal lode claims covering an area of approximately 9,626 acres located in White Pine County, Nevada; the Carlin-East project, which comprises an aggregate of 427 contiguous BLM lode-type claims covering an area of 8,628 acres located in the Carlin Trend in northern Nevada; the Swift project that consists of a mix of 785 unpatented BLM administered lode claims covering an area of approximately 14,651 acres and 3,697 private fee lands located in Lander County, Nevada; and the Bell Creek project covering an area of 1,300 acres located in north Carlin Trend. It also holds interest in the Robber Gulch project covering an area of 117 contiguous lode claims located in city of Burley, Idaho. The company was formerly known as Carlin-Type Holdings Ltd. and changed its name to Ridgeline Minerals Corp. in December 2019. Ridgeline Minerals Corp. was founded in 2018 and is headquartered in Vancouver, Canada.

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

Early-stage explorer profile: pre-revenue with persistently negative EBIT/EBITDA and ongoing operating/free cash flow burn. The balance sheet is a strength with very low leverage and growing equity, but the recent TTM net income swing appears non-operational and is not corroborated by cash flow.

Income Statement

Ridgeline Minerals is still pre-revenue (revenue is $0 across the annual periods and TTM (Trailing-Twelve-Months)), so operating losses remain the core earnings profile. EBIT and EBITDA are consistently negative, indicating ongoing exploration/overhead spend without offsetting operating income. A key positive is the swing to positive net income in TTM (Trailing-Twelve-Months) (about $0.38M) versus losses in prior years, but this is not supported by operating profitability and appears non-operational in nature, limiting the quality and repeatability of the improvement.

Balance Sheet

The balance sheet is a relative strength: leverage is very low, with debt-to-equity around 0.6% in TTM (Trailing-Twelve-Months), and equity has grown versus prior years (supporting the asset base). This provides flexibility to fund exploration without heavy debt burden. The main weakness is that returns have been weak/negative historically (return on equity negative in 2020–2024), improving to modestly positive in TTM (Trailing-Twelve-Months) largely due to the net income swing, which may not reflect sustainable operating performance.

Cash Flow

Cash generation is weak: operating cash flow is negative in every period shown, including TTM (Trailing-Twelve-Months) (about -$0.23M), reflecting ongoing cash burn. Free cash flow is also negative throughout, and TTM (Trailing-Twelve-Months) free cash flow deteriorated sharply (down ~23x versus the prior comparable measure provided). While TTM (Trailing-Twelve-Months) net income is positive, cash flow does not corroborate it, highlighting earnings quality risk and continued reliance on external funding to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-89.30K	0.00	0.00	-79.42K	-49.05K	-18.50K
EBITDA	-1.41M	-979.33K	-561.72K	-651.73K	-819.61K	-930.89K
Net Income	382.82K	-1.05M	-903.68K	-970.25K	-1.21M	-1.27M
Balance Sheet
Total Assets	16.79M	11.99M	11.70M	9.75M	8.63M	6.69M
Cash, Cash Equivalents and Short-Term Investments	3.37M	702.91K	505.05K	1.19M	1.92M	2.76M
Total Debt	101.59K	177.10K	116.12K	84.88K	97.94K	21.00K
Total Liabilities	914.50K	623.35K	195.15K	766.38K	162.82K	189.06K
Stockholders Equity	15.88M	11.37M	11.50M	8.98M	8.47M	6.50M
Cash Flow
Free Cash Flow	-2.48M	-1.44M	-3.75M	-2.44M	-3.67M	-3.06M
Operating Cash Flow	-230.98K	-601.34K	-794.87K	-674.05K	-858.88K	-816.15K
Investing Cash Flow	-2.03M	-785.06K	-2.95M	-1.77M	-2.86M	-2.25M
Financing Cash Flow	3.13M	1.50M	3.06M	1.77M	2.98M	4.57M

Ridgeline Minerals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.28 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.26, and above the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.47 is Neutral, neither overbought nor oversold. The STOCH value of 20.45 is Neutral, 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 *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DEX	59 Neutral	C$34.87M	23.65	5.20%	―	―	―
RDG	52 Neutral	C$34.27M	79.03	2.73%	―	―	―
ICM	50 Neutral	C$41.99M	-142.11	-59.85%	―	―	87.74%
VLC	48 Neutral	C$39.44M	-19.42	-6.83%	―	―	―
AMM	46 Neutral	C$32.28M	10.13	60.69%	―	―	―
JG	45 Neutral	C$33.56M	-5.34	-22.31%	―	―	-70.25%

Ridgeline Minerals Corporate Events

Ridgeline Minerals Extends High-Grade CRD Discovery at Selena with New Assays from SE25-053

Ridgeline Minerals reported additional high-grade assay results from discovery drillhole SE25-053 at its Selena project in Nevada, confirming three stacked sulfide CRD horizons with a cumulative mineralized thickness of 27.2 meters, including a newly detailed lower sulfide zone grading 8.7 meters at 175.5 g/t silver equivalent. The results, which feature individual samples running as high as 27% zinc and 379 g/t silver, strengthen the company’s interpretation of a large, multi-phase CRD system with significant growth potential and support continued step-out drilling, including ongoing hole SE25-054 that is testing the kilometer-scale geophysical anomaly in partnership with South32 under the existing earn-in agreement.

Ridgeline Minerals Reports Promising Assay Results and Exploration Updates for Nevada Gold Projects

Ridgeline Minerals announced assay results for its Black Ridge Gold Project and provided an update on the Swift Gold Project, both located in Nevada. The Black Ridge project, operated by Nevada Gold Mines, showed promising gold mineralization at shallower depths than expected, indicating significant exploration potential. At the Swift project, assays are pending for two deep core holes following last year’s successful drill program. These developments highlight Ridgeline’s strategic positioning in the gold mining sector and its potential impact on stakeholders through continued exploration and development efforts.

Ridgeline Minerals Unveils High-Grade Sulfide Discovery at Selena Project

Ridgeline Minerals has announced a significant discovery of high-grade massive sulfide carbonate replacement deposits at the Chinchilla Sulfide target within the Selena Project in Nevada. This discovery, part of their maiden drill program, suggests the potential for a large-scale polymetallic deposit, positioning the project as a future supplier of critical metals in the U.S. The project is under an earn-in agreement with South32 Limited, which could earn up to an 80% interest by meeting certain milestones. The ongoing drilling program aims to further delineate the deposit, with regular updates promised as new assay results are received.