Sable Resources (SAE) AI Stock Analysis

• Market Cap: C$8.64M
• Dividend Yield: N/A
• Average Volume (3M): 330.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: N/A
• EPS Growth: 54.32%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 287,998,230
• 10 Day Avg. Volume: 225,189
• 30 Day Avg. Volume: 330,343
• PEG Ratio: -0.71
• Price to Book (P/B): -2.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.42
• 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: 41 Neutral
• Price Target: ―

Sable Resources struggles with poor financial performance, characterized by persistent losses and negative equity. While technical analysis and corporate events offer some positive aspects, the negative valuation metrics and overall financial instability present significant risks, leading to a low overall stock score.

Sable Resources Business Overview & Revenue Model

Company Description

Sable Resources (SAE) is a natural resource exploration and development company focused on the acquisition and advancement of high-potential mineral properties. Primarily operating in the mining sector, Sable Resources targets precious metals such as gold and silver, with a strategic emphasis on developing projects in North and South America. The company is dedicated to discovering, acquiring, and developing mineral resources through efficient and sustainable practices.

How the Company Makes Money

Sable Resources generates revenue primarily through the discovery and extraction of mineral resources, which are then sold in the global commodities market. The company focuses on exploring and developing high-grade gold and silver deposits, which are its key revenue streams. Revenue is generated through strategic partnerships and joint ventures with other mining companies, which help in sharing risks and leveraging expertise. Furthermore, Sable Resources may also receive income from selling or leasing its mineral properties or claims to other interested parties. The company's earnings are significantly influenced by market prices for gold and silver, operational efficiency, and successful exploration results.

Sable Resources Financial Statement Overview

Summary

Sable Resources faces severe financial challenges, with no revenue generation and persistent losses impacting its income statement. The balance sheet is weakened by negative equity and increasing liabilities, while cash flows are insufficient to support operations. The company needs strategic changes to enhance its financial stability and growth potential.

Income Statement

The company reported no revenue for the past years, indicating challenges in generating sales. Net income remains negative, reflecting consistent losses, with a declining EBIT and EBITDA. The lack of revenue growth and poor profitability margins suggest significant financial struggles.

Balance Sheet

The company has negative stockholders' equity, indicating potential financial distress. A low debt-to-equity ratio due to negative equity and high liabilities is a concern. The equity ratio has deteriorated over time, highlighting increasing liabilities relative to assets.

Cash Flow

Operating cash flows are consistently negative, and free cash flow is declining, pointing to cash flow challenges. The cash flow to net income ratios are negative, indicating inefficiencies in converting income into cash. Financing activities are not sufficient to cover cash outflows.

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
-126.28K	-132.91K	-80.55K	-28.86K	-28.86K	-26.52K
	EBIT
-6.73M	-12.89M	-28.03M	-18.71M	-14.34M	-14.24M
	EBITDA
-6.43M	-14.12M	-22.66M	-14.38M	-4.97M	-5.20M
	Net Income Common Stockholders
-9.01M	-14.22M	-11.91M	-10.14M	4.41M	3.75M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
610.40K	12.02M	17.15M	23.81M	20.44M	4.80M
	Total Assets
6.14M	14.08M	22.80M	28.47M	24.66M	10.34M
	Total Debt
0.00	58.04K	88.28K	117.55K	144.52K	170.34K
	Net Debt
-610.40K	-11.92M	-17.06M	-22.63M	-16.92M	-4.61M
	Total Liabilities
720.67K	14.25M	9.19M	3.11M	1.60M	1.72M
	Stockholders Equity
5.42M	-177.26K	13.61M	25.36M	23.06M	8.62M
Cash Flow		Free Cash Flow
-4.14M	-10.95M	-13.23M	-10.40M	-4.04M	-6.43M
	Operating Cash Flow
-3.69M	-10.39M	-12.53M	-9.83M	-3.83M	-5.66M
	Investing Cash Flow
1.20M	4.95M	6.16M	2.85M	1.33M	-230.00K
	Financing Cash Flow
-30.73K	-30.24K	1.71M	12.68M	14.80M	7.86M

Sable Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SAE, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 37.06 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SAE.

Sable Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSL	76 Outperform	C$3.69B	92.38	2.05%	0.62%	6.23%	36.40%
KNT	76 Outperform	C$3.76B	14.90	39.28%	―	105.06%	481.75%
BTO	71 Outperform	C$6.62B	―	-17.61%	3.83%	5.97%	-1677.31%
OR	69 Neutral	$6.66B	151.30	2.50%	0.72%	12.78%	―
Sector *	51 Neutral	$2.02B	-1.14	-21.36%	3.64%	2.88%	-30.57%
SAE	41 Neutral	C$8.64M	―	-1445.34%	―	―	54.32%
ELO	36 Underperform	C$109.02M	―	-17.56%	―	―	13.39%

Sable Resources Corporate Events

Sable Resources Secures $10.8 Million in Royalty Sale with Osisko

Sable Resources Ltd. has entered into agreements with Osisko Gold Royalties Ltd. for a potential $10.8 million in proceeds by selling third-party royalties and granting a 1% net smelter return royalty on its British Columbia properties. This transaction provides Sable with immediate non-dilutive financing of $3.8 million and the potential for an additional $7 million, which will strengthen the company’s treasury and support ongoing exploration and acquisition opportunities.

Spark’s Take on TSE:SAE Stock

According to Spark, TipRanks’ AI Analyst, TSE:SAE is a Underperform.

The overall score is heavily impacted by Sable Resources’ poor financial performance, characterized by persistent losses, negative equity, and inadequate cash flows. While technical indicators and corporate events provide some positive outlooks, the company’s negative valuation metrics and financial instability underscore significant risks.

To see Spark’s full report on TSE:SAE stock, click here.

Sable Resources Partners with Moxico for Argentine Exploration Projects

Sable Resources Ltd. has entered into a binding letter agreement with Moxico Resources plc, granting Moxico an exclusive option to acquire a 51% stake in Sable’s El Fierro Project and Cerro-Negro Property in Argentina. This partnership, which includes a comprehensive exploration and expenditure plan, aims to advance these tier-one exploration assets, with Sable managing the exploration programs during the option period. The agreement is expected to enhance Sable’s operations and industry positioning by leveraging Moxico’s financial and development expertise.

Sable Resources Partners with Moxico for Argentine Projects

Sable Resources Ltd. has entered into a binding letter agreement with Moxico Resources plc, granting Moxico an exclusive option to acquire a 51% stake in Sable’s El Fierro Project and Cerro Negro Property in Argentina. This agreement outlines specific exploration and expenditure commitments by Moxico over a five to six-year period, with the potential to increase their stake to 70% upon completing a feasibility study. The collaboration is expected to enhance Sable’s exploration capabilities and aligns with Moxico’s expansion plans in the Americas, potentially impacting the company’s operational and industry positioning positively.

Sable Resources Discovers Promising Copper Mineralization at Core Mountain

Sable Resources announced promising results from its initial exploration of the Core Mountain property in British Columbia, revealing significant copper mineralization with samples showing up to 2.6% copper. This discovery underscores the potential for discovering new mineralization in an area that hasn’t been actively explored since 1985, positioning Sable favorably within the mining sector and potentially attracting stakeholder interest for future development.