Sama Resources /Ressources Sama (SME) AI Stock Analysis

• Market Cap: C$16.51M
• Dividend Yield: N/A
• Average Volume (3M): 185.84K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.07
• Revenue Growth: N/A
• EPS Growth: -294.04%
• Country: CA
• Employees: 66
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.05
• Shares Outstanding: 220,068,440
• 10 Day Avg. Volume: 284,243
• 30 Day Avg. Volume: 185,841
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.85
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: C$0.07 ▲(20.00% Upside)

The score is primarily held down by weak financial performance (no revenue base, operating losses, and persistent negative operating/free cash flow), partially offset by low leverage on the balance sheet. Technicals suggest only a modest near-term bounce within a broader downtrend, and valuation signals are constrained by losses and no provided dividend yield.

Positive Factors

Low leverage / strong balance sheet

Very low debt materially reduces financial distress risk and preserves strategic optionality. For an exploration company, minimal leverage allows management to pursue farm-outs or targeted drilling without heavy interest burdens, supporting durability of operations through funding cycles.

Strategic focus on critical battery metals

Concentrating on nickel, copper and cobalt aligns the company with structural, multi-year demand drivers for batteries and electrification. This positioning enhances access to JV partners and project financings, making the business model more resilient to cyclical metal markets over the medium term.

Business model supports option/JV funding

Relying on earn-ins and joint ventures is a durable way to advance exploration while conserving capital. Partner-funded programs de-risk projects, extend corporate runway and can deliver milestone cash or retained royalties, reducing the need for frequent dilutive equity raises.

Negative Factors

No revenue base and recurring operating losses

A persistent lack of operating revenue and repeated losses mean the company cannot self-fund development. Over a multi-month horizon this increases reliance on external capital, raises execution risk for advancing projects, and challenges sustainable value creation absent asset sales or partners.

Persistent negative operating and free cash flow

Continuous cash burn constrains strategic flexibility and necessitates ongoing fundraising or asset disposals. This structural cash-flow weakness elevates dilution and limits the company’s capacity to independently progress projects or capitalize on exploration success over the coming months.

Volatile profitability and equity erosion

Large swings in profitability and recent TTM losses signal inconsistent execution and erosion of shareholder equity. Persistent volatility weakens investor confidence and can impede securing favorable JV or financing terms, exacerbating long-term operational and funding challenges.

Sama Resources /Ressources Sama Business Overview & Revenue Model

Company Description

Sama Resources Inc. explores and develops mineral properties in West Africa. The company focuses on exploring the Samapleu property covering an area of 446 square kilometers located in Ivory Coast. It also holds interests in the Zérégouiné property covering an area of approximately 290 square kilometers; the Grata property covering an area of approximately 92 square kilometers; and the Zoupleu property covering an area of approximately 135 square kilometers located in Ivory Coast. The company was incorporated in 2006 and is headquartered in Mont-Royal, Canada.

How the Company Makes Money

Sama Resources makes money through the discovery and development of mineral resources, which can be monetized through several channels. The company generates revenue primarily by advancing its exploration projects to the point where they become attractive to larger mining companies or investors, who may purchase or invest in the projects for their future production potential. Sama's key revenue streams include joint ventures, strategic partnerships, and potential sale or option agreements with entities interested in its mineral assets. Additionally, the company may earn income through royalties or production sharing agreements once the projects reach the production stage. Significant partnerships, such as those with larger mining companies, also contribute to Sama's earnings by providing the necessary capital and expertise to advance exploration and development activities.

Sama Resources /Ressources Sama Financial Statement Overview

Summary

Income statement and cash flow are weak: no reported revenue, recurring operating losses, and consistently negative operating/free cash flow (cash burn). The balance sheet is a relative positive with very low debt, but equity/ROE volatility and a large TTM net loss indicate elevated execution and financing risk.

Income Statement

Across the period, the company reports no revenue and consistently negative gross profit and EBIT, indicating ongoing operating losses. Profitability is volatile: annual net income swung from losses (2020, 2021, 2023) to gains (2022, 2024), but TTM (Trailing-Twelve-Months) reverted to a large net loss (~$9.3M), suggesting recent deterioration. Overall, earnings quality appears weak given repeated operating losses and the lack of a revenue base.

Balance Sheet

Leverage is very low, with total debt near zero in most years and a debt-to-equity ratio effectively ~0, which meaningfully reduces financial risk. However, equity has been volatile (notably down versus prior years), and returns on equity swing sharply from positive (2022, 2024) to deeply negative in TTM (Trailing-Twelve-Months), reflecting inconsistent value creation. The balance sheet is a relative strength, but profitability-driven equity erosion remains a key risk.

Cash Flow

Operating cash flow is negative in every period provided, and free cash flow is also consistently negative, implying ongoing cash burn and reliance on external funding over time. Cash burn improved in TTM (Trailing-Twelve-Months) versus several prior years, but the latest free cash flow growth is sharply negative (TTM), highlighting renewed pressure. Free cash flow tracks net income closely in the data, yet the persistent negative operating cash flow points to limited self-funding capacity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-8.44K	-79.62K	-345.00K	-351.00K	-21.17K	-24.23K
EBITDA	-6.91M	12.43M	-5.84M	1.78M	-3.24M	-1.44M
Net Income	-9.32M	12.31M	-3.96M	2.25M	-3.04M	-11.48M
Balance Sheet
Total Assets	12.82M	27.02M	15.07M	19.56M	48.10M	45.41M
Cash, Cash Equivalents and Short-Term Investments	938.75K	1.66M	2.96M	5.20M	1.95M	1.92M
Total Debt	0.00	0.00	0.00	40.00K	52.80K	33.34K
Total Liabilities	63.28K	17.68K	726.60K	747.88K	6.43M	4.06M
Stockholders Equity	12.76M	27.00M	14.09M	23.67M	40.01M	41.35M
Cash Flow
Free Cash Flow	-445.14K	-1.43M	-5.96M	-7.37M	-972.05K	-845.51K
Operating Cash Flow	-445.13K	-1.43M	-5.87M	-6.90M	-965.75K	-795.47K
Investing Cash Flow	-440.00K	-1.00M	-1.60M	6.97M	-2.74M	-2.34M
Financing Cash Flow	38.98K	795.53K	20.00K	5.18M	3.74M	50.63K

Sama Resources /Ressources Sama Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 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:SME, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 67.68 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:SME.

Sama Resources /Ressources Sama Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MTT	51 Neutral	C$16.17M	-48.53	―	―	―	―
GRG	46 Neutral	C$16.09M	-3.05	-105.74%	―	―	40.18%
PRIZ	46 Neutral	C$11.16M	-2.11	-50.61%	―	―	-3.49%
ROX	44 Neutral	C$17.60M	-5.78	―	―	―	-51.55%
SME	42 Neutral	C$16.51M	-1.77	-53.52%	―	―	-294.04%
ABR	39 Underperform	C$27.36M	37.22	5.28%	―	―	―