Sasquatch Resources Corp. (SASQ) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 10.20K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.02
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 61
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 20,970,428
• 10 Day Avg. Volume: 14,362
• 30 Day Avg. Volume: 10,204
• PEG Ratio: -0.07
• Price to Book (P/B): 2.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.79
• 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: 46 Neutral
• Price Target: ―

Sasquatch Resources Corp. is under pressure due to financial challenges, including no revenue and shrinking cash reserves. While technical indicators and corporate events suggest potential stability and growth, the lack of earnings and negative cash flow present significant risks. The absence of debt offers some flexibility, but the company needs to secure additional funds to improve its financial standing.

Sasquatch Resources Corp. Business Overview & Revenue Model

Company Description

Sasquatch Resources Corp. operates as a mineral exploration company in Canada. It holds an option to acquire a 100% interest in tha Mount Sicker property with 1 contiguous block of 17 cell mineral claims covering 2,103 hectares located within the Victoria mining division of British Columbia, Canada. The company was formerly known as Scenc Resources Corp. and changed its name to Sasquatch Resources Corp. in May 2022. Sasquatch Resources Corp. was incorporated in 2021 and is based in Vancouver, Canada.

How the Company Makes Money

Sasquatch Resources Corp. generates revenue through the exploration and subsequent development of mineral-rich properties. The company's primary revenue stream comes from the sale of extracted minerals, such as gold and silver, to various buyers in the commodities market. Additionally, SASQ may engage in joint ventures and partnerships with other mining companies to share the costs and profits of mining operations. The company also potentially earns income from the licensing of its mining rights or the sale of its properties to other companies looking to expand their resource portfolios. Key factors contributing to its earnings include fluctuations in mineral prices, successful acquisition and development of high-yield properties, and operational efficiencies in mining activities.

Sasquatch Resources Corp. Financial Statement Overview

Summary

Sasquatch Resources Corp. faces significant financial challenges typical of early-stage mining companies, including no revenue generation and persistent losses. The absence of debt is a positive, allowing for potential future financing options, but shrinking cash reserves and equity are concerning. The company needs to secure additional funding or achieve operational milestones to improve its financial health.

Income Statement

Sasquatch Resources Corp. shows no revenue generation and consistent net losses across the periods, indicating significant challenges in achieving profitability. The company's negative EBIT and EBITDA margins highlight operational inefficiencies, common in the mining industry during exploration phases.

Balance Sheet

The company's balance sheet reveals no debt, which is positive. However, the declining equity and asset base, alongside no revenue, suggest potential challenges in maintaining financial stability. The equity ratio is reasonably strong, but the shrinking cash reserves could be a concern.

Cash Flow

Continuous negative operating cash flows and a shrinking free cash flow indicate challenges in sustaining operations without additional financing. While no capital expenditures were reported recently, the consistent cash outflow raises concerns about liquidity and long-term viability without revenue generation.

Breakdown	TTM	Jun 2023	Jun 2022
Income Statement
Total Revenue	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00
EBITDA	-310.11K	-343.64K	-121.52K
Net Income	-356.66K	-345.22K	-122.29K
Balance Sheet
Total Assets	421.00K	523.04K	650.00K
Cash, Cash Equivalents and Short-Term Investments	194.96K	388.42K	622.41K
Total Debt	0.00	0.00	0.00
Total Liabilities	17.19K	16.32K	19.31K
Stockholders Equity	403.81K	506.73K	630.69K
Cash Flow
Free Cash Flow	-349.90K	-347.86K	-104.12K
Operating Cash Flow	-249.90K	-299.76K	-89.12K
Investing Cash Flow	0.00	-48.09K	-15.00K
Financing Cash Flow	0.00	113.86K	726.54K

Sasquatch Resources Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SASQ, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.05, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 73.32 is Negative, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SASQ.

Sasquatch Resources Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$10.11B	9.67	-0.15%	3.01%	2.10%	-35.27%
SASQ	46 Neutral		―	-88.32%	―	―	―
PGP		C$239.12K	―		―	―	―
CTN	16 Underperform	C$1.11M	0.25		―	―	-149.75%
MYR	13 Underperform	C$1.89M	―	-118.58%	―	―	71.60%
RRMLF		$157.53K	―		―	―	―
WALRF		$547.15K	―	-84.55%	―	―	―

Sasquatch Resources Corp. Corporate Events

Sasquatch Resources Expands Mineral Holdings and Extends Exploration Options

Sasquatch Resources Corp. has completed the acquisition of the Santana mineral claim on Quadra Island, British Columbia, which includes historical data of copper, silver, and gold mining activities. The company plans to conduct systematic sampling to assess the mineral potential of waste rock piles in the area. Additionally, Sasquatch has extended its option period for the Blue Grouse Property by three years, enhancing its strategic positioning and exploration opportunities in the region.

Spark’s Take on TSE:SASQ Stock

According to Spark, TipRanks’ AI Analyst, TSE:SASQ is a Neutral.

Sasquatch Resources Corp.’s stock is under significant pressure due to its financial challenges, including lack of revenue and shrinking cash reserves. The absence of debt offers flexibility, but the company must secure additional funds or achieve operational success to improve its financial standing. Technical indicators suggest stability, while the recent corporate event of a private placement shows potential for future growth, albeit with risks.

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

Sasquatch Resources Acquires Quadra Island Mineral Claim for Strategic Reclamation

Sasquatch Resources Corp. has announced the acquisition of a mineral claim on Quadra Island, British Columbia, known as the former Santana mine. The acquisition involves issuing 500,000 common shares valued at $25,000 to the vendors. The company aims to leverage the historical mining waste piles for economic gain while addressing environmental reclamation. This strategic move aligns with Sasquatch’s approach to capitalize on historical mining sites without reopening them on a large scale, potentially enhancing its market position and gaining local support.

Sasquatch Resources Launches $500,000 Private Placement to Fund Mount Sicker Project

Sasquatch Resources Corp. announced a non-brokered private placement to raise up to $500,000, issuing units comprising common shares and share purchase warrants. This initiative is part of their broader strategy to fund reclamation and mineral extraction projects at Mount Sicker, where they plan to use innovative ore-sorting technology to process waste rock. The company is working with local authorities and partners to secure necessary permits and agreements, although there are uncertainties regarding final approvals. The project aims to revitalize the area environmentally and economically, potentially benefiting stakeholders through the sale of high-grade mineral waste.