SKRR Exploration (SKRR) AI Stock Analysis

• Market Cap: C$4.41M
• Dividend Yield: N/A
• Average Volume (3M): 34.35K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.58
• 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: 91,800
• 30 Day Avg. Volume: 34,352
• PEG Ratio: 0.13
• Price to Book (P/B): -2.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.81
• 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 substantial financial challenges, characterized by zero revenue, persistent losses, and negative cash flows. While the absence of debt is a positive aspect, the lack of revenue and declining asset base pose significant risks to long-term viability.

Income Statement

SKRR Exploration has consistently reported zero revenue over the analyzed periods, resulting in negative EBIT and net income figures. The lack of revenue generation and substantial losses highlight significant challenges in the company's operational effectiveness and market positioning.

Balance Sheet

The company maintains a strong equity position with zero debt, indicating a conservative financial structure. However, the continuous decline in total assets and stockholders' equity reflects potential issues in asset management and value generation.

Cash Flow

SKRR Exploration exhibits negative operating and free cash flows, indicative of ongoing cash burn without revenue inflow. Although financing activities have provided some liquidity, the overall cash position has deteriorated over time, raising concerns about the company's cash sustainability.

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	―	―	0.00
EBITDA	-539.96K	3.06M	3.01M	-585.00K	-1.95M	-710.12K
Net Income	-563.05K	-957.00K	-4.04M	-826.00K	-1.22M	16.66K
Balance Sheet
Total Assets	5.55M	5.71M	5.88M	9.42M	9.19M	2.29M
Cash, Cash Equivalents and Short-Term Investments	765.20K	1.27M	1.59M	1.85M	3.74M	1.61M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	132.28K	216.09K	77.56K	22.48K	741.88K	73.44K
Stockholders Equity	5.42M	5.50M	5.80M	9.39M	8.45M	2.22M
Cash Flow
Free Cash Flow	-782.40K	-475.50K	-572.91K	-3.61M	-4.53M	-369.31K
Operating Cash Flow	-483.90K	-421.81K	-270.22K	-978.35K	-1.40M	-255.26K
Investing Cash Flow	70.32K	75.16K	-360.03K	-2.57M	-3.30M	-159.04K
Financing Cash Flow	246.50K	389.98K	226.71K	1.84M	6.31M	1.74M

SKRR Exploration Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SKRR, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.28, and above the 200-day MA of 0.23, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.14 is Neutral, neither overbought nor oversold. The STOCH value of 53.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SKRR.

SKRR Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	44 Neutral	AU$1.36B	-6.71	-23.02%	7.01%	5.33%	-26.92%
SKRR	39 Underperform	C$4.41M	―	-10.13%	―	―	89.59%
GR	38 Underperform	C$3.82M	―	134.74%	―	―	34.31%
NRN	37 Underperform	C$12.40M	―	-86.91%	―	―	-200.00%
REX	35 Underperform	C$4.17M	―	-74.41%	―	―	15.97%
MMS	32 Underperform	$2.00M	―	-53.12%	―	―	-2147.62%
STXPF		$4.45M	―	-12.90%	―	―	―

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.