SKRR Exploration (SKRR) AI Stock Analysis

• Market Cap: C$4.92M
• Dividend Yield: N/A
• Average Volume (3M): 3.42K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.26
• Revenue Growth: N/A
• EPS Growth: 89.59%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 44
• Industry: Industrial Materials
• EPS (TTM): -0.12
• Shares Outstanding: 16,980,207
• 10 Day Avg. Volume: 5,968
• 30 Day Avg. Volume: 3,422
• PEG Ratio: -0.07
• Price to Book (P/B): 0.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.38
• 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: 39 Underperform
• Price Target: ―

SKRR Exploration's overall stock score is significantly impacted by its financial weaknesses, including zero revenue and persistent losses. While there are some positive technical and corporate developments, they are overshadowed by the company's poor financial health. The stock is not currently attractive from a valuation perspective, given the negative P/E ratio and absence of a dividend yield.

SKRR Exploration Business Overview & Revenue Model

Company Description

SKRR Exploration Inc., a junior mining company, operates as a precious metal explorer in Canada. It explores for gold properties. The company holds a 100% interest in the Manson Bay South property comprising nine mineral claims totaling 4,228 hectares located in Saskatchewan. It also has an option to acquire interests in Olson, Cathro, Ithingo, Irving, and Leland projects situated in Saskatchewan. The company was formerly known as Canex Energy Corp. and changed its name to SKRR Exploration Inc. in January 2020. SKRR Exploration Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

How the Company Makes Money

SKRR Exploration makes money through the exploration and development of its mineral properties. The company generates revenue primarily by increasing the value of its properties through exploration activities and then selling or joint venturing these properties to other mining companies or investors. Key revenue streams include proceeds from property sales, earn-in agreements, and joint ventures with other mining companies who may be interested in advancing the projects into production. Additionally, SKRR may also raise capital through public offerings or private placements to fund its ongoing exploration activities. The company's earnings are significantly influenced by the market demand for precious metals, exploration success, and the ability to secure favorable partnerships or transactions.

SKRR Exploration Financial Statement Overview

Summary

SKRR Exploration faces significant challenges in revenue generation and profitability, as indicated by the income statement metrics with zero revenue and negative net income. While the balance sheet remains robust with no debt, the declining assets and equity suggest potential management issues. Cash flow problems persist, with negative operating and free cash flows indicating liquidity challenges.

Income Statement

SKRR Exploration has consistently reported zero revenue, indicating a lack of operational income generation. The company is incurring losses, as demonstrated by persistent negative net income and EBIT. The absence of gross profit and negative EBITDA in certain periods highlights the lack of sustainable profitability.

Balance Sheet

The company exhibits a solid equity base with no debt, reflected in a favorable debt-to-equity ratio of 0. However, declining total assets and stockholders' equity over time suggest potential challenges in asset management. The equity ratio remains strong, but there's a need for improved asset utilization.

Cash Flow

Operating cash flow is consistently negative, indicating challenges in generating cash from operations. However, the company maintains positive financing cash flow, suggesting reliance on external funding. Free cash flow remains negative, highlighting potential liquidity issues.

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	-4.42K	―	―	―	0.00
	EBIT
-546.17K	-517.50K	3.01M	-584.59K	-1.95M	-710.12K
	EBITDA
312.74K	3.06M	3.01M	-584.59K	0.00	0.00
	Net Income Common Stockholders
-43.23K	-956.53K	-4.04M	-826.10K	-1.22M	16.66K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
721.64K	1.27M	1.59M	1.85M	3.74M	1.61M
	Total Assets
1.14M	5.71M	5.88M	9.42M	9.19M	2.29M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-721.64K	-1.08M	-1.04M	-1.44M	-3.14M	-1.52M
	Total Liabilities
487.17K	216.09K	77.56K	22.48K	741.88K	73.44K
	Stockholders Equity
652.29K	5.50M	5.80M	9.39M	8.45M	2.22M
Cash Flow		Free Cash Flow
-946.17K	-475.50K	-572.91K	-3.61M	-4.53M	-369.31K
	Operating Cash Flow
-629.38K	-421.81K	-270.22K	-978.35K	-1.40M	-255.26K
	Investing Cash Flow
-137.85K	75.16K	-360.03K	-2.57M	-3.30M	-159.04K
	Financing Cash Flow
348.80K	389.98K	226.71K	1.84M	6.31M	1.74M

SKRR Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.29
• 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:SKRR, the sentiment is Positive. The current price of 0.29 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.27, and above the 200-day MA of 0.23, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.02 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SKRR.

SKRR Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	57 Neutral	$7.14B	3.05	-3.47%	5.74%	0.77%	-49.70%
SKRR	39 Underperform	C$4.92M	―	-10.13%	―	―	89.59%
GR	38 Underperform	C$4.27M	―	134.74%	―	―	34.31%
NRN	37 Underperform	C$8.21M	―	-86.91%	―	―	-200.00%
REX	35 Underperform	C$3.94M	―	-74.41%	―	―	15.97%
MMS	32 Underperform	$2.00M	―	-53.12%	―	―	-2147.62%
STXPF		$4.07M	―	-6.81%	―	―	―

SKRR Exploration Corporate Events

SKRR Exploration Updates on Promising Olson Gold Project

SKRR Exploration Inc. has provided an update on its Olson Gold Project, where it holds a 75% stake in partnership with Eagle Plains Resources Ltd. The project, covering approximately 12,951 hectares, has shown promising results with multiple zones of gold mineralization. Over the past few years, SKRR has conducted extensive drilling, uncovering high-grade gold intercepts and confirming the continuity of mineralized zones. The company is evaluating strategic options to advance the project further, which remains open in all directions, indicating significant potential for future exploration and development.

Spark’s Take on TSE:SKRR Stock

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

SKRR Exploration scores low due to its significant financial challenges, including zero revenue and declining assets. While technical indicators are mixed, they show some positive signals. Recent corporate events provide a slight positive outlook, but overall, the stock’s financial weaknesses overshadow these factors.

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

SKRR Exploration Enhances Board with Industry Veteran Ross McElroy

SKRR Exploration Inc. has appointed Ross McElroy, a distinguished geologist with over 38 years of experience, as a special advisor to its board. McElroy’s expertise in exploration and development, notably in uranium and gold, is expected to enhance SKRR’s strategic positioning in the mining sector. Additionally, the company announced the granting of stock options to its directors, officers, and consultants, and the resignation of director Bryson Goodwin.

SKRR Exploration Secures $600K in First Tranche of Private Placement

SKRR Exploration Inc. has successfully closed the first tranche of its non-brokered private placement, raising CAD $600,395 through the issuance of 5,458,136 units. The proceeds are earmarked for working capital, exploration, development activities, and potential asset acquisition. The transaction included significant insider participation, constituting a related party transaction under Multilateral Instrument 61-101, but falling within exemption thresholds.