Riverside Resources (RRI) AI Stock Analysis

• Market Cap: C$18.32M
• Dividend Yield: N/A
• Average Volume (3M): 76.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.91
• Revenue Growth: N/A
• EPS Growth: -90.32%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 74,783,460
• 10 Day Avg. Volume: 73,551
• 30 Day Avg. Volume: 76,131
• PEG Ratio: -0.02
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.96
• 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: 48 Neutral
• Price Target: ―

Riverside Resources faces significant financial challenges with no revenue and negative cash flows, impacting its overall score. Despite these issues, positive technical momentum and strategic corporate actions, such as the Blue Jay Gold spin-out, offer some optimism. Valuation concerns persist with a negative P/E ratio, indicating potential risks.

Positive Factors

Strategic Spin-Out

The spin-out of Blue Jay Gold allows Riverside Resources to focus on core exploration activities, potentially enhancing shareholder value and enabling both companies to pursue focused strategies.

No Debt

Maintaining a debt-free balance sheet provides Riverside Resources with financial flexibility and reduces financial risk, supporting long-term stability and potential growth opportunities.

Partnerships and Exploration

The partnership with Fortuna Mining and progress in exploration projects like Cecilia Gold demonstrates Riverside's ability to leverage strategic alliances to advance its exploration goals and unlock new opportunities.

Negative Factors

Declining Assets

The decline in assets and equity raises concerns about Riverside's financial health, potentially limiting its ability to invest in new projects and maintain competitive positioning in the industry.

Negative Cash Flows

Negative cash flows suggest liquidity challenges and may hinder Riverside's ability to invest in exploration projects or cover operational expenses, potentially impacting long-term viability.

Zero Revenue

The lack of revenue generation highlights operational challenges and raises concerns about Riverside's ability to sustain its business model and fund its exploration activities without external financing.

Riverside Resources Business Overview & Revenue Model

Company Description

Riverside Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of exploration and evaluation assets in North America. The company primarily explores for gold, silver, and copper deposits. It holds interests in the Oakes, High Lake Greenstone Belt, Longrose, Pichette, and Kenora projects located in Canada; and the La Silla, Sandy, Tajitos, and Ariel projects located in Mexico. Riverside Resources Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Riverside Resources makes money primarily through the acquisition and exploration of mineral properties with the potential for significant mineral deposits. The company follows a prospect generator model, where it identifies promising exploration targets and then seeks to partner with other mining companies to further explore and develop these properties. Revenue is generated through option agreements, joint ventures, and strategic alliances, where Riverside Resources may receive cash payments, shares, or retain a percentage interest in the project. Additionally, the company may earn a royalty on future production if a project is successfully developed into a mining operation. This business model allows Riverside Resources to minimize exploration costs and risks while maintaining upside potential from successful discoveries.

Riverside Resources Financial Statement Overview

Summary

The financial performance of Riverside Resources is concerning, with zero revenue and increasing net losses. The balance sheet shows no debt but declining assets, raising sustainability concerns. Negative cash flows indicate liquidity challenges.

Income Statement

Riverside Resources has consistently reported zero revenue, indicating challenges in generating sales. The company has also faced increasing net losses over the years, with EBIT and EBITDA margins remaining negative. This suggests ongoing operational inefficiencies and a lack of profitability.

Balance Sheet

The company maintains a strong equity position with no debt, reflecting financial prudence. However, the lack of revenue generation raises concerns about the sustainability of its equity position. The equity ratio is relatively stable, but declining total assets and equity indicate potential erosion of financial stability.

Cash Flow

Riverside Resources shows negative free cash flow, indicating poor cash generation capabilities. Operating cash flows remain negative, and free cash flow has deteriorated over the years. This highlights liquidity challenges and raises concerns about the company's ability to fund operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	250.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-20.57K	-5.73K	-5.50K	-63.15K	-75.94K	-58.97K
EBITDA	-1.81M	-1.55M	-340.00K	-144.43K	-653.00K	-790.46K
Net Income	-1.77M	-1.59M	-395.00K	-208.00K	734.13K	2.63M
Balance Sheet
Total Assets	11.52M	13.83M	15.32M	16.32M	14.90M	12.22M
Cash, Cash Equivalents and Short-Term Investments	5.43M	5.62M	7.41M	7.05M	7.37M	6.05M
Total Debt	0.00	0.00	0.00	0.00	0.00	31.97K
Total Liabilities	1.84M	1.96M	1.76M	4.09M	3.92M	2.66M
Stockholders Equity	9.68M	11.87M	13.56M	12.23M	10.98M	9.56M
Cash Flow
Free Cash Flow	-3.05M	-2.55M	-2.13M	-2.08M	-1.67M	-2.11M
Operating Cash Flow	-1.74M	-555.53K	-592.78K	-1.05M	-875.69K	-908.74K
Investing Cash Flow	-223.42K	-1.18M	-546.08K	740.77K	1.95M	1.23M
Financing Cash Flow	0.00	0.00	0.00	720.48K	416.21K	1.04M

Riverside Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RRI, the sentiment is Positive. The current price of 0.27 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.21, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 67.24 is Neutral, neither overbought nor oversold. The STOCH value of 90.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RRI.

Riverside Resources 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%
PEX	53 Neutral	C$15.66M	-1.34	-82.13%	―	―	1.73%
ATHA	53 Neutral	C$20.88M	10.67	19.89%	―	―	―
CFE	52 Neutral	C$22.85M	30.69	-25.01%	―	―	―
SNG	51 Neutral	C$16.73M	-4.90	-44.50%	―	―	-221.30%
RRI	48 Neutral	C$18.32M	-10.38	-15.87%	―	―	-90.32%
NOB	36 Underperform	C$36.78M	-119.23	―	―	―	-970.00%

Riverside Resources Corporate Events

Riverside Resources Secures $3.7 Million in Strategic Investment

Riverside Resources Inc. has successfully closed a non-brokered private placement, raising $3.7 million through strategic investors. This move strengthens the company’s shareholder base and positions it for future growth and transactions. The funds will be used for strategic initiatives, working capital, and advancing projects, with insider participation constituting a related party transaction but not affecting the company’s market capitalization significantly.

Riverside Resources Completes Phase One Drilling at Union Project

Riverside Resources has completed the first phase of drilling at its Union Project in Sonora, Mexico, in partnership with Questcorp Mining Inc. The phase involved drilling over 1,600 meters across six targets, with more than 700 samples sent for assay. This exploration aims to validate and enhance the geological model of the historically mined Carbonate Replacement Deposit district, potentially leading to a large-scale discovery. The results of these assays will inform the next phase of exploration, focusing on the most promising trends indicated by the data.

Riverside Resources Expands Rare Earth Elements Program in Canada and Mexico

Riverside Resources Inc. is expanding its rare earth elements (REE) program in British Columbia, focusing on the Revel Project and additional target generation in Canada and Mexico. The company aims to capitalize on the increasing global demand for critical minerals by advancing exploration targets and building a pipeline of critical mineral assets. This strategic expansion is part of Riverside’s project generator model, which seeks to create value through discovery, partnerships, and selective spinouts, positioning the company to benefit from future transactions and retained royalties.