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Rugby Mining (TSE:RUG)
:RUG

Rugby Mining (RUG) AI Stock Analysis

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Rugby Mining

(RUG)

Rating:46Neutral
Price Target:
Rugby Mining faces significant financial challenges, with no revenue and ongoing losses, impacting its financial performance score negatively. However, recent corporate events point to potential strategic growth opportunities, highlighted by funding and acquisition plans that could improve its market position. The technical analysis shows mixed signals with short-term bullish momentum but long-term bearish trends, while the valuation indicates potential overvaluation due to lack of profitability. Overall, the stock holds a higher risk with some speculative growth potential.

Rugby Mining (RUG) vs. iShares MSCI Canada ETF (EWC)

Rugby Mining Business Overview & Revenue Model

Company DescriptionRugby Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Colombia, Argentina, Chile, Australia, and the Philippines. It primarily explores for gold, silver, and copper deposits. The company holds an interest in the Motherlode gold-copper project that covers an area of 878 hectares located to the south of Surigao City in Surigao del Norte province, the Philippines; 100% interest the Colombia gold project covering an area of approximately 287 square kilometers; 100% interest in the Cobrasco copper project that covers approximately 3,000 hectares located in the Choco Region of Colombia; and Georgetown project comprising three exploration permits totaling 849 square kilometers located in North Queensland, Australia. It also holds an option to earn up to 100% interest in the El Zanjon gold and silver project covering approximately 600 square kilometers located in Santa Cruz Province, Argentina, as well as has an option agreement to acquire the Tantalus gold silver project situated in the Bucaramanga gold belt, Colombia; and Salvadora Silver-Copper-Gold Project comprising 35 individual exploration and mining concessions covering an aggregate area of 6,924 hectares. The company was formerly known as Rugby Mining Limited and changed its name to Rugby Resources Ltd. in August 2022. Rugby Resources Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyRugby Mining Limited generates revenue primarily through the exploration and potential development of mineral properties. The company seeks to identify economically viable mineral deposits that can be developed into profitable mining operations. Revenue can be generated through the sale of mining rights, joint ventures with larger mining companies, or the eventual production and sale of extracted minerals such as gold, silver, and copper. Additionally, Rugby Mining may receive funding through partnerships and joint ventures that provide financial and technical resources necessary for exploration and development activities.

Rugby Mining Financial Statement Overview

Summary
Rugby Mining is in a precarious financial position with no revenue generation, ongoing losses, negative equity, and sustained negative cash flows. The absence of debt is a minor positive, but the company faces significant challenges in achieving financial stability and profitability.
Income Statement
20
Very Negative
Rugby Mining has consistently reported zero revenue across all periods, indicating no operational income generation. The net profit margin is negative, reflecting ongoing losses, which is concerning. There are no growth trends in revenue as it remains at zero, and the company continues to incur significant EBIT and EBITDA losses. This presents a high-risk financial position with no clear path to profitability.
Balance Sheet
30
Negative
The company's balance sheet shows negative stockholders' equity in the most recent TTM period, indicating liabilities exceed assets, which is a red flag for financial health. Historically, Rugby Mining's equity has fluctuated, and recent figures suggest a deteriorating trend. The absence of debt is a positive aspect, reducing financial risk, but the negative equity ratio and high liabilities relative to assets present substantial stability concerns.
Cash Flow
25
Negative
Rugby Mining's cash flow is negative, with operating cash flow consistently in deficit. The free cash flow growth rate is negative, showing deteriorating cash generation from operations. The operating cash flow to net income ratio is less than one, indicating inefficiency in converting net income into cash. While financing activities have provided some cash inflow, it is not enough to offset the negative operating cash flow, highlighting liquidity and sustainability challenges.
Breakdown
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
0.000.00-17.78K-27.35K-9.21K0.00
EBIT
-2.47M-3.40M-6.05M-2.69M-1.09M-2.26M
EBITDA
-3.00M3.54M-12.97M-2.66M-1.08M-2.26M
Net Income Common Stockholders
-3.02M-3.46M-13.00M-2.71M-1.09M-2.26M
Balance SheetCash, Cash Equivalents and Short-Term Investments
246.22K1.04M246.22K2.12M306.92K443.90K
Total Assets
444.21K1.26M444.21K9.66M447.63K566.04K
Total Debt
40.00K0.0040.00K125.07K88.45K0.00
Net Debt
-206.22K-1.04M-206.22K-2.00M-218.47K-443.90K
Total Liabilities
453.66K233.64K453.66K559.87K153.58K62.96K
Stockholders Equity
-9.46K1.02M-9.46K9.10M294.05K503.08K
Cash FlowFree Cash Flow
-2.75M-3.26M-5.47M-2.32M-831.66K-2.22M
Operating Cash Flow
-2.75M-3.26M-5.47M-2.15M-831.66K-2.22M
Investing Cash Flow
0.000.000.00-167.06K0.000.00
Financing Cash Flow
3.43M4.08M3.55M4.14M696.63K2.13M

Rugby Mining Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
47.00
Neutral
STOCH
-100.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RUG, 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 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.00 is Neutral, neither overbought nor oversold. The STOCH value of -100.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RUG.

Rugby Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSEMX
62
Neutral
$350.98M722.220.17%11.11%
MUMUX
55
Neutral
$505.32M3.61-6.15%-2.18%-137.21%
TSSKE
52
Neutral
C$2.24B-137.38%-19.29%
51
Neutral
$2.04B-1.15-21.37%3.64%2.88%-30.57%
TSRIO
50
Neutral
C$518.49M-0.28%83.41%
TSFOM
46
Neutral
C$1.37B-2.81%8.92%
TSRUG
46
Neutral
C$10.43M-1355.41%41.76%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:RUG
Rugby Mining
0.02
-0.03
-60.00%
MUX
McEwen Mining
9.27
-1.17
-11.21%
TSE:EMX
EMX Royalty
3.25
0.63
24.05%
TSE:FOM
Foran Mining
3.32
-0.59
-15.09%
TSE:SKE
Skeena Resources
19.37
13.16
211.92%
TSE:RIO
Rio2
1.23
0.73
146.00%

Rugby Mining Corporate Events

Private Placements and FinancingM&A Transactions
Pampa Metals and Rugby Resources Secure Funding and Advance Acquisition Plans
Positive
Mar 27, 2025

Pampa Metals Corp. and Rugby Resources Ltd. have successfully closed their respective private placements, raising significant capital for future operations. Pampa Metals raised $3,000,000 through the issuance of 18,750,000 units, while Rugby Resources raised $2,500,000 by issuing 100,000,000 units. The funds will be used for various purposes, including settling debts, covering transaction costs, and advancing exploration projects. Additionally, Pampa Metals is progressing with its plan to acquire Rugby Resources, which is expected to consolidate their positions in the mining industry and potentially enhance shareholder value.

Private Placements and FinancingM&A Transactions
Rugby Resources Ltd. Announces $2.5M Private Placement and Acquisition Agreement
Neutral
Feb 25, 2025

Rugby Resources Ltd. announced a non-brokered private placement offering to raise up to $2,500,000 by issuing 100,000,000 units at $0.025 per unit. The proceeds will be used for working capital, exploration property advancement, and settling liabilities. The offering is subject to regulatory approvals and includes a potential finder’s fee. Additionally, Rugby has entered into a Binding Letter Agreement with Pampa Metals Corp. for a proposed acquisition.

M&A TransactionsBusiness Operations and Strategy
Pampa Metals to Acquire Rugby Resources, Enhancing South American Copper Exploration
Positive
Feb 19, 2025

Pampa Metals Corp. and Rugby Resources Ltd. have announced a binding agreement for Pampa Metals to acquire Rugby Resources, aiming to create a leading copper explorer in South America. This strategic move focuses on advancing Pampa Metals’ Piuquenes copper-gold porphyry project in Argentina and recommencing drilling at Rugby’s Cobrasco copper-moly porphyry discovery in Colombia, both of which have shown significant mineralization potential.

Business Operations and Strategy
Rugby Resources Advances El Zanjon Gold-Silver Project in Argentina
Positive
Jan 21, 2025

Rugby Resources Ltd. has completed a detailed ground magnetics survey on its El Zanjon property in Argentina, marking a significant step towards drilling for gold and silver. With the approval of 28 exploration drill holes, the company is poised to explore a potentially large-scale multi-vein epithermal system in a highly prospective mineral province. The project is strategically located near prominent mining operations and represents an unexplored opportunity due to sedimentary cover. This advancement highlights Rugby’s commitment to leveraging geophysical and geochemical methods to identify promising drill targets, positioning the company for potential growth in the mineral-rich region.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.