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Silver Range Resources (TSE:SNG)
:SNG

Silver Range Resources (SNG) AI Stock Analysis

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Silver Range Resources

(SNG)

Rating:43Neutral
Price Target:
Silver Range Resources' overall stock score is hindered by severe financial performance issues, with zero revenue and persistent losses. While technical indicators are stable, the negative valuation metrics and absence of dividends detract from its appeal. Recent corporate events provide potential growth opportunities, but the company's financial health remains a primary concern.

Silver Range Resources (SNG) vs. iShares MSCI Canada ETF (EWC)

Silver Range Resources Business Overview & Revenue Model

Company DescriptionSilver Range Resources Ltd., a junior resource exploration company, engages in the acquisition, exploration, and evaluation of precious metal resources in Canada. The company explores for gold, silver, zinc, lead, and copper deposits. Its property portfolio comprises mineral properties located in Nevada, the Northwest Territories, Nunavut, and the Yukon Territory. Silver Range Resources Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada.
How the Company Makes MoneySilver Range Resources makes money primarily through the acquisition, exploration, and development of mineral properties, which it then advances through partnerships and joint ventures. These partnerships often involve agreements where the partner company funds further exploration and development in exchange for earning an interest in the property. Additionally, Silver Range Resources seeks to generate revenue through the sale of properties or interests in properties once they have been sufficiently advanced. This business model allows the company to minimize its financial risk while maintaining a pipeline of potential revenue-generating assets. Key factors contributing to its earnings include successful exploration results, strategic partnerships with mining companies, and favorable market conditions for precious metals.

Silver Range Resources Financial Statement Overview

Summary
Silver Range Resources faces significant financial challenges, with zero revenue leading to persistent losses and negative cash flows. Although the balance sheet shows strong equity and no debt, the lack of profitability and cash flow generation severely impacts the financial health.
Income Statement
10
Very Negative
The company consistently reports zero revenue, resulting in negative gross profit and persistent losses as indicated by negative net income and EBIT. The absence of revenue growth and profitability severely affects the income statement's performance.
Balance Sheet
60
Neutral
Silver Range Resources maintains a strong equity position with minimal liabilities, as evidenced by a solid equity ratio and zero debt. However, the lack of revenue and profitability raises concerns about long-term sustainability despite current financial stability.
Cash Flow
20
Very Negative
The company reports negative operating and free cash flows, indicating challenges in generating cash internally. The negative free cash flow growth rate and high reliance on financing activities are concerning, impacting overall cash flow health.
BreakdownTTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-25.18K-146.16K-102.57K-137.62K-33.34K-108.70K
EBITDA-4.13M-656.82K-954.28K-621.93K-417.99K-406.17K
Net Income-4.18M-987.34K-1.19M4.29M158.75K-485.00K
Balance Sheet
Total Assets5.98M9.82M10.09M10.28M5.24M4.50M
Cash, Cash Equivalents and Short-Term Investments3.09M281.69K552.45K1.07M872.05K338.70K
Total Debt0.000.0015.84K32.74K48.93K46.43K
Total Liabilities121.17K101.12K119.48K133.18K125.88K64.43K
Stockholders Equity5.86M9.72M9.97M10.14M5.11M4.35M
Cash Flow
Free Cash Flow-676.00K-812.58K-675.74K-590.01K-430.87K
Operating Cash Flow-521.80K-660.04K-538.29K-475.31K-333.26K
Investing Cash Flow1.76M-210.41K-214.45K125.23K-57.02K
Financing Cash Flow259.78K672.43K572.12K558.50K486.80K

Silver Range Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.10
Price Trends
50DMA
0.09
Positive
100DMA
0.08
Positive
200DMA
0.08
Positive
Market Momentum
MACD
<0.01
Negative
RSI
62.81
Neutral
STOCH
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SNG, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.81 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:SNG.

Silver Range Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSFVI
78
Outperform
C$2.68B12.0112.07%30.33%
TSWDO
78
Outperform
C$2.80B14.9134.73%80.44%3757.72%
TSBTO
76
Outperform
$6.38B-17.61%3.06%5.97%-1677.31%
62
Neutral
$9.96B9.44-0.15%2.99%2.10%-35.27%
TSSNG
43
Neutral
C$9.81M-51.14%-302.83%
TSMMG
41
Neutral
C$43.96M-55.36%41.78%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SNG
Silver Range Resources
0.10
0.02
25.00%
TSE:BTO
B2Gold
4.83
1.29
36.52%
TSE:FVI
Fortuna Mining Corp
8.74
1.97
29.10%
TSE:WDO
Wesdome Gold Mines
18.64
7.51
67.48%
TSE:MMG
Metallic Minerals
0.24
-0.04
-14.29%

Silver Range Resources Corporate Events

Business Operations and Strategy
Silver Range Resources Expands Precious Metal Prospects in Arizona and Nevada
Positive
Apr 23, 2025

Silver Range Resources Ltd. has acquired high-grade precious metal prospects in Arizona and Nevada, specifically the Alamo and Luxor properties. The Alamo Property in Arizona shows potential for copper-gold mineralization, with initial samples indicating significant gold and copper content. The Luxor Property in Nevada, located in the Hannapah Mining District, has shown high-grade gold and silver assays. Silver Range plans to conduct further geological mapping and surveys to explore these properties, potentially enhancing its position in the precious metals market.

Spark’s Take on TSE:SNG Stock

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

Silver Range Resources struggles with severe financial performance issues due to the absence of revenue and persistent losses, significantly weighing down its overall score. While technical indicators provide some stability, the valuation remains unattractive because of the negative earnings. The lack of any dividend yield further detracts from its appeal. These factors collectively result in a low overall stock score.

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

Business Operations and Strategy
Silver Range Resources Identifies New Exploration Target at East Goldfield
Positive
Apr 9, 2025

Silver Range Resources has identified a new exploration drill target at its East Goldfield Property in Nevada, using historical drill data. The target, located near the Tom Keane Mine, shows promising gold intersections, simplifying future exploration efforts. The company plans further underground sampling and geological mapping to better define the potential of the area.

Spark’s Take on TSE:SNG Stock

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

Silver Range Resources struggles with severe financial performance issues due to the absence of revenue and persistent losses, significantly weighing down its overall score. While technical indicators provide some stability, the valuation remains unattractive because of the negative earnings. The lack of any dividend yield further detracts from its appeal. These factors collectively result in a low overall stock score.

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

M&A TransactionsBusiness Operations and Strategy
Silver Range Resources Options Walker Lane Projects to Walker Lane Resources
Neutral
Mar 26, 2025

Silver Range Resources Ltd. has entered into an agreement with Walker Lane Resources Ltd. to option three properties in the Walker Lane region of Nevada. This strategic move allows Walker Lane Resources to potentially acquire full ownership of the Tule Canyon and Cambridge properties, contingent on meeting certain financial and exploration milestones. The agreement includes provisions for milestone payments and net smelter return royalties, which could impact Silver Range’s revenue streams and strengthen its position in the mining sector.

Executive/Board ChangesBusiness Operations and Strategy
Silver Range Resources Resumes Operations and Announces Management Change
Neutral
Mar 13, 2025

Silver Range Resources has resumed field operations in Nevada and Arizona, staking new targets and conducting sampling programs. A significant management change was announced as John Gilbert resigned as Vice President to become CEO of GGL Resources Ltd., although he will remain a consultant and advisor to Silver Range. This change may impact the company’s joint venture with GGL on the Gold Point project.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Apr 26, 2025