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Skrr Exploration, Inc. (TSE:SKRR)
:SKRR

SKRR Exploration (SKRR) AI Stock Analysis

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SKRR Exploration

(SKRR)

Rating:39Underperform
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 (SKRR) vs. iShares MSCI Canada ETF (EWC)

SKRR Exploration Business Overview & Revenue Model

Company DescriptionSKRR 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 MoneySKRR 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
20
Very Negative
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
65
Positive
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
50
Neutral
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
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
0.00-4.42K0.00
EBIT
-546.17K-517.50K3.01M-584.59K-1.95M-710.12K
EBITDA
312.74K3.06M3.01M-584.59K0.000.00
Net Income Common Stockholders
-43.23K-956.53K-4.04M-826.10K-1.22M16.66K
Balance SheetCash, Cash Equivalents and Short-Term Investments
721.64K1.27M1.59M1.85M3.74M1.61M
Total Assets
1.14M5.71M5.88M9.42M9.19M2.29M
Total Debt
0.000.000.000.000.000.00
Net Debt
-721.64K-1.08M-1.04M-1.44M-3.14M-1.52M
Total Liabilities
487.17K216.09K77.56K22.48K741.88K73.44K
Stockholders Equity
652.29K5.50M5.80M9.39M8.45M2.22M
Cash FlowFree 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
-137.85K75.16K-360.03K-2.57M-3.30M-159.04K
Financing Cash Flow
348.80K389.98K226.71K1.84M6.31M1.74M

SKRR Exploration Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.29
Price Trends
50DMA
0.27
Positive
100DMA
0.26
Positive
200DMA
0.23
Positive
Market Momentum
MACD
<0.01
Negative
RSI
61.02
Neutral
STOCH
100.00
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

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
57
Neutral
$7.14B3.05-3.47%5.74%0.77%-49.70%
39
Underperform
C$4.92M-10.13%89.59%
TSGR
38
Underperform
C$4.27M134.74%34.31%
TSNRN
37
Underperform
C$8.21M-86.91%-200.00%
TSREX
35
Underperform
C$3.94M-74.41%15.97%
TSMMS
32
Underperform
$2.00M-53.12%-2147.62%
$4.07M-6.81%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SKRR
SKRR Exploration
0.29
-0.11
-27.50%
TSE:GR
Great Atlantic Resources
0.08
0.02
33.33%
TSE:MMS
Macarthur Minerals
0.01
-0.06
-85.71%
TSE:NRN
Northern Shield Resources
0.08
0.03
60.00%
TSE:REX
Orex Minerals
0.12
-0.18
-60.00%
STXPF
Stuhini Exploration
0.08
-0.06
-42.86%

SKRR Exploration Corporate Events

Business Operations and Strategy
SKRR Exploration Updates on Promising Olson Gold Project
Positive
Apr 28, 2025

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.

Executive/Board ChangesBusiness Operations and Strategy
SKRR Exploration Enhances Board with Industry Veteran Ross McElroy
Positive
Mar 14, 2025

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.

Private Placements and Financing
SKRR Exploration Secures $600K in First Tranche of Private Placement
Positive
Feb 20, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.