Red Metal Resources Ltd. (RMES) AI Stock Analysis

• Market Cap: C$800.72K
• Dividend Yield: N/A
• Average Volume (3M): 151.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.85
• Revenue Growth: N/A
• EPS Growth: 37.50%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 40,035,725
• 10 Day Avg. Volume: 167,080
• 30 Day Avg. Volume: 151,835
• PEG Ratio: -0.09
• Price to Book (P/B): -13.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -30.77
• 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: 26 Underperform
• Price Target: ―

Red Metal Resources Ltd. faces substantial financial challenges with no revenue and high leverage, making its financial performance the primary concern. Technical indicators show high volatility and a bearish trend, while valuation metrics are unfavorable. The company's exploration plans offer strategic promise but do not outweigh the current financial issues.

Red Metal Resources Ltd. Business Overview & Revenue Model

Company Description

Red Metal Resources Ltd. (RMES) is a mineral exploration company focused on the acquisition, exploration, and development of copper-gold assets in Chile. The company engages in identifying and advancing promising mineral properties with the potential for significant returns, positioning itself within the natural resource sector.

How the Company Makes Money

Red Metal Resources Ltd. generates revenue primarily through the exploration and development of its mineral properties, specifically targeting copper and gold deposits. The company aims to increase the value of its properties through strategic exploration activities, leading to potential sales or joint ventures with larger mining companies. Revenue streams include the sale of mineral rights, royalties from production, and potential partnerships with other mining firms to fund and advance exploration projects. Key factors contributing to earnings include the successful identification of mineral resources, favorable commodity prices, and strategic partnerships with industry players.

Red Metal Resources Ltd. Financial Statement Overview

Summary

Red Metal Resources Ltd. is facing significant financial challenges with no revenue generation, negative profit margins, and high leverage. The company's reliance on external financing is notable, but overall financial health remains concerning.

Income Statement

The company has consistently reported zero revenue across all periods, leading to negative gross and net profit margins. The lack of revenue growth and sustained losses are significant concerns for profitability.

Balance Sheet

The company shows a negative equity position, indicating liabilities exceed assets, which poses a financial risk. The high debt-to-equity ratio suggests substantial leverage, further increasing financial instability.

Cash Flow

Operating cash flow is consistently negative, which, along with negative free cash flow, highlights challenges in generating cash internally. However, the company has managed to secure financing, albeit increasing debt levels.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-11.46K	0.00	-18.92K	-8.63K	-4.80K	-433.00
	EBIT
-541.46K	―	-1.53M	-1.54M	-255.00K	-251.00K
	EBITDA
-499.57K	―	-1.09M	-1.14M	-353.00K	-345.00K
	Net Income Common Stockholders
-695.83K	―	-1.77M	-1.62M	-211.00K	-425.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
11.30K	25.70K	20.78K	474.32K	60.45K	13.04K
	Total Assets
838.05K	841.41K	1.01M	1.47M	994.11K	884.79K
	Total Debt
2.05M	2.56M	2.20M	1.56M	1.42M	978.28K
	Net Debt
2.03M	2.54M	2.18M	1.08M	1.36M	965.25K
	Total Liabilities
3.09M	3.53M	2.99M	2.11M	1.81M	1.53M
	Stockholders Equity
-2.26M	-2.68M	-1.98M	-642.65K	―	―
Cash Flow		Free Cash Flow
-284.67K	-161.47K	-1.34M	-1.10M	―	―
	Operating Cash Flow
-279.67K	-161.47K	-1.29M	-1.10M	―	―
	Investing Cash Flow
0.00	0.00	-55.57K	―	―	-66.07K
	Financing Cash Flow
273.95K	167.58K	886.58K	1.52M	311.06K	282.47K

Red Metal Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RMES, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 36.96 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 Negative sentiment for TSE:RMES.

Red Metal Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.04B	-1.21	-21.10%	3.95%	2.90%	-30.45%
AMZ	47 Neutral	$3.69M	13.51	18.52%	―	―	―
WRN	46 Neutral	$342.01M	―	-3.62%	―	―	-77.62%
SRL	43 Neutral	C$34.84M	―	-20.39%	―	―	29.22%
TK	43 Neutral	C$20.43M	―	-1.57%	―	―	35.14%
KCC	38 Underperform	C$11.67M	―	-16.33%	―	―	-25.32%
RMES	26 Underperform	C$800.72K	―	30.85%	―	―	37.50%

Red Metal Resources Ltd. Corporate Events

Red Metal Resources Expands Hydrogen Prospects in Ontario

Red Metal Resources Ltd. has acquired 100% interest in three hydrogen-prospective mineral claims in Ontario, expanding its portfolio to seven packages covering over 4,546 hectares. This strategic move positions the company in a promising area near a recent hydrogen discovery, enhancing its prospects in the hydrogen market.

Red Metal Resources Closes First Tranche of Financing

Red Metal Resources Ltd. has successfully closed the first tranche of its non-brokered private placement, raising CDN$300,000 through flow-through units and an additional CDN$73,200 through non-flow-through units. The funds will be used for exploration activities in the Quebec region and general working capital needs. The offering is subject to regulatory approvals and a statutory hold period of four months and one day.

Red Metal Resources Expands Investor Reach and Portfolio

Red Metal Resources Ltd. has engaged two strategic partners, Investment-Zirkel-München and Free Market Media Ltd., to enhance investor awareness and digital marketing efforts across Europe and online platforms. Additionally, the company has successfully acquired a significant portion of mineral claims in Quebec, bolstering its exploration portfolio. These moves are part of Red Metal’s broader strategy to grow and attract a diverse range of investors.

Red Metal Resources Names New Board Director

Red Metal Resources Ltd. has appointed seasoned entrepreneur Matt Parent to its Board of Directors, aiming to harness his extensive experience in business strategy and operations. The company, focused on developing clean energy and strategic mineral projects, anticipates that Parent’s network in capital markets will aid in expanding its portfolio.

Red Metal Resources Expands in Quebec Hydrogen District

Red Metal Resources Ltd. has secured a 100% interest in four new mineral claims in Quebec’s natural hydrogen district, expanding its land holdings. These acquisitions are strategically located next to Quebec Innovative Materials Corp.’s recent expansion area, suggesting a promising hydrogen-rich zone. The company is now evaluating regional geological data to explore further opportunities and plan initial exploration activities.

Red Metal Resources Announces Expansion and Financing

Red Metal Resources Ltd. is set to expand its mineral claims in Quebec and continue work on its copper project in Chile, capitalizing on the demand for elements crucial to sustainable energy. The company also announced a non-brokered private placement offering to raise up to C$840,000, aimed at funding exploration and general working capital.