Sassy Gold Corp (SASY) AI Stock Analysis

• Market Cap: C$499.11K
• Dividend Yield: N/A
• Average Volume (3M): 37.06K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.64
• Revenue Growth: N/A
• EPS Growth: -117.34%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 16,637,089
• 10 Day Avg. Volume: 46,170
• 30 Day Avg. Volume: 37,064
• PEG Ratio: <0.01
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.55
• 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: 33 Underperform
• Price Target: ―

Sassy Gold Corp's overall stock score reflects severe financial challenges, primarily driven by a lack of revenue and persistent operational losses. Despite a strong equity position, the company's negative cash flows and bearish technical indicators further weigh down the score. Valuation concerns, highlighted by a negative P/E ratio and no dividend yield, compound the overall negative outlook. Strategic shifts towards revenue generation and cost control are necessary to enhance the company's financial and market standing.

Sassy Gold Corp Business Overview & Revenue Model

Company Description

Sassy Resources Corporation, an exploration stage company, identifies, acquires, and explores for precious metal resources in Canada. It explores for gold and silver deposits. The company's flagship property is the Foremore property that consists of 35 mineral claims covering an area of 14,585 hectares located in the Eskay Creek District of British Columbia. It also has an option to acquire 100% interest in the Gander South, the Little River, the Hermitage, the Gander North, the Carmanville, the Cape Ray, the Mount Peyton, and the BLT properties located in Newfoundland. The company was incorporated in 2019 and is based in Vancouver, Canada.

How the Company Makes Money

Sassy Gold Corp makes money primarily through the sale of gold extracted from its mining operations. The company generates revenue by selling gold to various buyers, including industrial users, jewelry manufacturers, and investors. Revenue streams also include strategic partnerships and joint ventures with other mining companies, which enhance Sassy Gold Corp's operational capabilities and market reach. Factors like gold market prices, mining production costs, and exploration success directly impact the company's earnings, as does their ability to maintain sustainable and efficient mining operations.

Sassy Gold Corp Financial Statement Overview

Summary

Sassy Gold Corp confronts significant financial challenges, primarily due to the absence of revenue and persistent losses. Although the company has a strong equity position, the continuous cash outflows and negative operating and free cash flows threaten its financial health. Strategies focused on revenue generation and cost control are crucial to improving financial performance.

Income Statement

Sassy Gold Corp's income statement shows no revenue generation over multiple periods, which is critical for future growth and profitability. The company consistently reports negative EBIT and net income, indicating ongoing operational losses. The absence of revenue growth further exacerbates the situation, suggesting challenges in business operations or market conditions.

Balance Sheet

The balance sheet reflects a strong equity position with no debt, which provides financial stability and lower financial risk. However, the declining total assets and equity over time suggest potential cash burn and asset depletion. The equity ratio is robust, yet the lack of revenue and profitability may hinder sustainable growth.

Cash Flow

Cash flow statements reveal negative operating and free cash flows, highlighting cash outflows exceeding cash inflows. While the company has no debt, the reliance on financing activities in previous years to cover shortfalls is concerning. The absence of positive cash flow growth or efficiency ratios underscores ongoing liquidity challenges.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-1.41M	-1.91M	-3.38M	-2.70M	-3.48M	-924.41K
	EBITDA
-13.90M	-13.67M	-2.75M	-5.68M	-3.54M	-611.10K
	Net Income Common Stockholders
-7.76M	-7.09M	-3.06M	670.71K	-3.14M	-1.26M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
817.88K	1.34M	4.57M	5.94M	7.59M	941.57K
	Total Assets
13.76M	14.49M	28.15M	25.15M	17.88M	3.74M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-154.74K	-96.57K	-1.00M	-1.73M	-7.59M	-941.57K
	Total Liabilities
487.97K	427.07K	863.75K	2.78M	4.92M	203.22K
	Stockholders Equity
13.93M	14.43M	21.48M	17.18M	12.96M	3.54M
Cash Flow		Free Cash Flow
-299.04K	-1.53M	-2.76M	-2.14M	-2.06M	-666.36K
	Operating Cash Flow
-299.04K	-1.53M	-2.26M	-1.81M	-1.96M	-666.36K
	Investing Cash Flow
270.93K	621.58K	-5.56M	-5.33M	-4.09M	-121.75K
	Financing Cash Flow
5.06K	0.00	7.09M	1.28M	12.70M	1.73M

Sassy Gold Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SASY, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 22.55 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SASY.

Sassy Gold Corp 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%
SASY	33 Underperform	C$499.11K	―	-39.25%	―	―	-117.34%
GER		C$715.41K	―		―	―	―
GOCOF		$782.45K	―	-15.55%	―	―	―
CSRVF		$528.35K	―		―	―	―
OWN	32 Underperform	C$817.31K	―	-149.70%	―	―	68.79%
VC	21 Underperform	C$551.70K	―	-328.93%	―	―	24.71%

Sassy Gold Corp Corporate Events

Sassy Gold to Hold Virtual AGM Amid Expansion

Sassy Gold Corp. is set to hold its virtual Annual General Meeting on December 27, 2024, to ensure shareholders can engage despite ongoing postal strikes. The company continues to expand its mineral exploration efforts, with projects in North America’s Golden Triangle and Labrador, along with interests in uranium and other strategic resources.

Sassy Gold Expands Portfolio with Labrador Acquisition

Sassy Gold Corp has acquired a 100% interest in the drill-ready Ashuanipi Gold Property in Labrador, marking a significant step in their exploration endeavors. The property, rich with gold-in-soil anomalies and extensive geological data, is set to be drilled for the first time. This acquisition enhances Sassy Gold’s portfolio, offering promising opportunities for future development.