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Sirios Resources Inc (TSE:SOI)
:SOI

Sirios Resources (SOI) AI Stock Analysis

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Sirios Resources

(SOI)

Rating:38Underperform
Price Target:
Sirios Resources' overall score is primarily impacted by its financial difficulties, including zero revenue and persistent losses. Positive developments in drilling campaigns and project expansion provide some optimism, but the lack of current income and negative cash flows remain critical concerns. Technical indicators suggest limited market momentum, and the negative valuation metrics further weigh down the stock's attractiveness.

Sirios Resources (SOI) vs. iShares MSCI Canada ETF (EWC)

Sirios Resources Business Overview & Revenue Model

Company DescriptionSirios Resources (SOI) is a Canadian-based mining exploration company focused on the discovery and development of mineral resources, primarily gold. Operating within the natural resources sector, Sirios Resources concentrates its efforts in the prolific mining regions of Quebec, Canada. The company is dedicated to identifying, acquiring, and advancing high-potential mining properties through exploration activities and strategic partnerships.
How the Company Makes MoneySirios Resources generates revenue primarily through the exploration and development of mineral properties, particularly those with significant gold deposits. The company's revenue model is centered around increasing the value of its mining claims by conducting extensive geological surveys, drilling, and feasibility studies to quantify the mineral resources available. Key revenue streams include the sale or joint ventures of these enhanced properties to larger mining companies or investors interested in developing them into producing mines. Additionally, Sirios Resources may receive funding and investment through strategic partnerships, private placements, and public offerings, which support its exploration activities and help advance its projects towards commercialization.

Sirios Resources Financial Statement Overview

Summary
Sirios Resources exhibits significant financial challenges due to zero revenue generation and persistent losses. While the balance sheet appears stable with low leverage, the lack of revenue and negative cash flow are critical weaknesses. The company's ongoing reliance on financing to fund operations highlights potential sustainability issues in the absence of revenue growth.
Income Statement
10
Very Negative
Sirios Resources has consistently reported zero total revenue over the analyzed periods, indicating no sales activity. The company has faced persistent net losses and negative EBIT, exacerbated by the absence of revenue. This lack of income generation is a critical weakness and a major concern for financial sustainability.
Balance Sheet
55
Neutral
The company's balance sheet shows a strong equity base with a low debt-to-equity ratio, suggesting low financial leverage. However, the total liabilities have been increasing, which could indicate rising financial obligations. The absence of revenue and persistent losses might undermine the balance sheet's strength over time.
Cash Flow
20
Very Negative
Sirios Resources consistently reports negative free cash flow, driven by substantial capital expenditures and negative operating cash flow. The reliance on financing cash flow to sustain operations highlights potential cash flow management issues and raises concerns about long-term financial viability.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-20.49K-23.28K-2.76K-1.43K-1.64K-12.96K
EBITDA-661.69K-918.00K566.16K-927.00K-1.21M-4.15M
Net Income-480.99K-994.00K329.83K-770.00K-1.21M-2.92M
Balance Sheet
Total Assets39.67M38.22M37.52M33.76M32.28M29.27M
Cash, Cash Equivalents and Short-Term Investments2.40M2.05M2.62M462.78K3.65M2.46M
Total Debt89.39K99.47K0.0040.00K40.00K0.00
Total Liabilities2.51M2.18M2.91M1.53M1.59M691.24K
Stockholders Equity37.15M36.04M34.62M32.23M30.69M28.58M
Cash Flow
Free Cash Flow-3.73M-4.00M-1.22M-5.68M-2.64M-4.01M
Operating Cash Flow-1.07M-1.91M463.22K-398.25K-844.83K-842.10K
Investing Cash Flow-2.14M-1.00M-475.20K-4.59M-1.46M-1.97M
Financing Cash Flow4.38M2.48M1.98M2.26M3.83M4.10M

Sirios Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.06
Price Trends
50DMA
0.05
Positive
100DMA
0.05
Positive
200DMA
0.05
Positive
Market Momentum
MACD
<0.01
Positive
RSI
67.61
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SOI, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 67.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SOI.

Sirios Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSFNC
54
Neutral
C$24.24M4.4410.15%
TSAZM
52
Neutral
C$61.22M221.74-0.64%88.31%
TSMTX
46
Neutral
C$6.91M15.637.51%
44
Neutral
C$976.20M-6.71-13.35%2.69%17.20%-32.62%
TSRDS
42
Neutral
C$149.88M-3.88%50.00%
TSSOI
38
Underperform
C$20.66M-1.28%-300.00%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SOI
Sirios Resources
0.06
0.00
0.00%
TSE:RDS
Radisson Mining Resources
0.38
0.22
137.50%
TSE:FNC
Fancamp Exploration
0.10
0.04
66.67%
TSE:AZM
Azimut Exploration
0.60
0.13
27.66%
TSE:MTX
Metalex Ventures
0.02
0.01
100.00%

Sirios Resources Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
Sirios Resources Launches New Drilling Campaign at Aquilon Gold Project
Positive
Apr 30, 2025

Sirios Resources Inc. announced a diamond drilling program on the Aquilon gold project in Eeyou Istchee James Bay, Quebec, set to begin in the summer. The program, funded by Sumitomo Metal Mining Canada, aims to explore around ten new targets and is part of Sumitomo’s option to acquire an 80% interest in the project through a $14.8 million investment. This initiative could enhance Sirios’s position in the mining industry by potentially uncovering high-grade gold deposits, thereby impacting stakeholders positively.

Spark’s Take on TSE:SOI Stock

According to Spark, TipRanks’ AI Analyst, TSE:SOI is a Neutral.

Sirios Resources’ overall score is primarily impacted by its financial difficulties, including zero revenue and persistent losses. Positive developments at the Cheechoo project provide some optimism, but the lack of current income and negative cash flows remain critical concerns. The technical indicators are neutral, suggesting limited market momentum.

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

Product-Related AnnouncementsBusiness Operations and Strategy
Sirios Resources Validates New Vision for Cheechoo with Strong Drill Results
Positive
Mar 11, 2025

Sirios Resources Inc. announced promising results from its Fall-Winter 2024-25 drilling program at the Cheechoo gold project, with significant gold mineralization found in all drill holes. The results validate the company’s new vision for the project, which includes both open-pit and underground mining potential. The company is developing a new geological model and plans to update its Mineral Resource Estimate, potentially transforming the project’s development possibilities.

Executive/Board ChangesBusiness Operations and Strategy
Sirios Resources Announces Stock Option Grant and PDAC 2025 Participation
Neutral
Feb 26, 2025

Sirios Resources Inc. has granted 100,000 stock options to its Chief Financial Officer and Secretary, with an exercise price of $0.055 per share and a duration of five years, as part of its Stock Option Incentive Plan. The company will also participate in the 93rd annual PDAC Convention in Toronto, where its technical team and management representatives will be available, and CEO Dominique Doucet will present during the Gold 3 Session, highlighting Sirios’ engagement and visibility in the industry.

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: May 03, 2025