Stellar AfricaGold (SPX) AI Stock Analysis

• Market Cap: C$2.88M
• Dividend Yield: N/A
• Average Volume (3M): 47.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• Revenue Growth: N/A
• EPS Growth: 36.63%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): -0.05
• Shares Outstanding: 38,352,795
• 10 Day Avg. Volume: 76,709
• 30 Day Avg. Volume: 47,548
• PEG Ratio: 0.04
• Price to Book (P/B): -24.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.85
• 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

Stellar AfricaGold's overall score is low due to severe financial difficulties, including negative earnings and equity. Despite some positive corporate events and ongoing exploration projects, the bearish technical indicators and poor valuation metrics significantly impact the stock's potential performance.

Stellar AfricaGold Business Overview & Revenue Model

Company Description

Stellar AfricaGold Inc., together with its subsidiaries, engages in the acquisition, exploration, and evaluation of mineral properties in West Africa and Canada. It primarily explores for gold deposits. The company holds interest in the Lullwitz-Kaepelli gold property comprising 4 contiguous mineral claims totaling an area of 231.4 hectares located in Lacoste and De Sales township in the Charlevoix Area of Quebec; and a 100% interest in the Priko and Zenoula permits covering an area of approximately 770 square kilometers located in Côte d'Ivoire. It also holds an agreement to acquire a 90% interest in the Tichka Est-gold project located in the Atlas region of Morocco. The company was formerly known as Stellar Pacific Ventures Inc. and changed its name to Stellar AfricaGold Inc. in March 2013. Stellar AfricaGold Inc. is headquartered in Vancouver, Canada.

How the Company Makes Money

Stellar AfricaGold generates revenue through the exploration and development of mineral properties, primarily focusing on gold. The company makes money by identifying promising mineral assets, conducting exploration activities to assess the viability of mining operations, and subsequently developing these projects into profitable mines. Revenue streams include the sale of mineral rights, partnerships, or joint ventures with other mining companies that provide capital and expertise for project development. Additionally, as projects advance to production, Stellar AfricaGold can generate income from the sale of extracted gold and other valuable minerals. The company's earnings are influenced by factors such as gold prices, exploration success, and strategic partnerships that enhance its operational capabilities.

Stellar AfricaGold Financial Statement Overview

Summary

Stellar AfricaGold faces significant financial challenges with no revenue and consistent losses. The negative stockholders' equity and unsustainable cash flow patterns highlight potential solvency risks and operational difficulties.

Income Statement

Stellar AfricaGold has struggled with no revenue and consistent losses over the reported periods. The net profit margin is negative, and EBIT and EBITDA margins are also negative due to the absence of revenue and ongoing expenses. This indicates significant challenges in achieving profitability.

Balance Sheet

The balance sheet reveals a concerning financial position, with negative stockholders' equity indicating more liabilities than assets. The equity ratio is negative, and the company has no debt, but the negative equity suggests potential solvency issues. The company's assets have been declining, reflecting potential asset liquidation to cover losses.

Cash Flow

Cash flow analysis shows negative free cash flow and operating cash flow, reflecting operational challenges. The company has relied heavily on financing activities to support its cash position, which may not be sustainable long-term. There is no free cash flow growth, and the cash flow to net income ratios are unfavorable, given the negative income.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	-75.00K	0.00	0.00	0.00
	EBIT
-116.47K	―	-943.96K	-1.63M	-1.34M	-1.41M
	EBITDA
-728.70K	0.00	-1.08M	-1.59M	-1.34M	-1.41M
	Net Income Common Stockholders
-846.56K	―	-1.17M	-1.55M	-1.18M	2.91M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
276.97K	198.91K	360.78K	737.20K	1.71M	315.45K
	Total Assets
286.81K	209.46K	370.14K	1.39M	2.27M	2.04M
	Total Debt
0.00	0.00	0.00	0.00	70.00K	536.25K
	Net Debt
-40.08K	-26.63K	-59.29K	-737.20K	-1.64M	220.80K
	Total Liabilities
503.18K	755.77K	394.89K	263.64K	266.52K	901.56K
	Stockholders Equity
-216.37K	-546.31K	-24.75K	1.13M	2.01M	1.14M
Cash Flow		Free Cash Flow
-389.86K	-73.83K	-760.05K	-1.67M	-1.05M	-1.36M
	Operating Cash Flow
-389.86K	-73.83K	-760.05K	-1.67M	-1.05M	-1.36M
	Investing Cash Flow
44.16K	44.16K	82.14K	71.94K	1.22M	3.27M
	Financing Cash Flow
691.50K	0.00	0.00	621.95K	1.22M	-1.60M

Stellar AfricaGold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPX, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.49 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPX.

Stellar AfricaGold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.99B	-1.09	-21.26%	3.60%	1.47%	-31.20%
QPM	40 Underperform	$3.63M	―	-258.08%	―	―	-210.29%
NBRK	36 Underperform	C$3.65M	―	-116.07%	―	―	45.34%
SPX	33 Underperform	C$2.88M	―	20129.02%	―	―	36.63%
LOT	30 Underperform	C$4.80M	―		―	―	77.09%
RFR	21 Underperform	C$3.63M	―	-638.22%	―	―	5.36%

Stellar AfricaGold Corporate Events

Stellar AfricaGold Initiates 2025 Exploration at Tichka Est Gold Project

Stellar AfricaGold Inc. has commenced its 2025 exploration program at the Tichka Est Gold Project in Morocco, focusing on rehabilitating an access road damaged by a 2024 earthquake. The project aims to explore the Zone B gold discovery, a significant gold structure extending over two kilometers. Following road rehabilitation, a mechanical trenching campaign will target the expansion of a gold-bearing structure, with sampling conducted to industry standards. This initiative is expected to enhance Stellar’s exploration capabilities and potentially expand its gold resources, reinforcing its position in the precious metal exploration industry.

Spark’s Take on TSE:SPX Stock

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

Stellar AfricaGold faces significant financial challenges, with negative earnings, liabilities exceeding assets, and unsustainable cash flow patterns weighing heavily on its overall score. Technical analysis suggests bearish trends, further dampening the stock’s outlook. While recent corporate events provide a glimmer of potential growth, they are insufficient to counterbalance the substantial financial and operational risks currently faced by the company.

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

Stellar AfricaGold Completes Debt Settlement and Updates on Stock Options

Stellar AfricaGold Inc. has completed a shares-for-debt transaction, issuing 1,238,060 common shares to settle $61,903 in debt with a related party, following shareholder and TSX-V approval. Additionally, the company has granted 1,360,000 incentive stock options to directors and officers and updated on a private placement involving related parties, ensuring compliance with Multilateral Instrument 61-101.

Spark’s Take on TSE:SPX Stock

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

Stellar AfricaGold faces significant financial challenges, with negative earnings, liabilities exceeding assets, and unsustainable cash flow patterns weighing heavily on its overall score. Technical analysis suggests bearish trends, further dampening the stock’s outlook. While recent corporate events provide a glimmer of potential growth, they are insufficient to counterbalance the substantial financial and operational risks currently faced by the company.

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

Stellar AfricaGold Completes Private Placement to Fund Exploration Projects

Stellar AfricaGold Inc. has successfully closed a non-brokered private placement, issuing an additional 1,400,000 common shares, bringing the total to 11,700,000 shares at $0.10 each, raising $1,170,000. The funds will be allocated to exploration activities at the Tichka Est Gold Project in Morocco, the Zuenoula Gold Project in Côte d’Ivoire, and general corporate purposes, with participation from three company directors.

Stellar AfricaGold Secures $1.03 Million in Private Placement to Boost Exploration

Stellar AfricaGold Inc. has announced the first closing of its non-brokered private placement, raising $1,030,000 through the issuance of 10,300,000 common shares at $0.10 per share. The funds will be used to advance exploration at the Tichka Est Gold Project in Morocco, early-stage exploration at the Zuénoula Gold Project in Côte d’Ivoire, and for general corporate purposes. This financial move is expected to bolster the company’s exploration activities and strengthen its position in the precious metal exploration industry.

Stellar AfricaGold Strengthens Board with New Appointments

Stellar AfricaGold Inc. announced the election and appointment of new directors at its recent Annual General and Special Meeting, aiming to integrate fresh perspectives into its leadership team. The new directors, including Dr. Paul Kitto and Anthony Trevisan, bring extensive experience in the mining industry, which is expected to enhance shareholder confidence and support the company’s strategic goals.

Stellar AfricaGold Launches $1.5 Million Private Placement for Exploration

Stellar AfricaGold Inc. announced a non-brokered private placement to raise up to $1.5 million through the issuance of 15 million common shares at $0.10 each. The proceeds will be used for exploration at its Tichka Est Gold Project in Morocco and the Zuénoula gold property in the Ivory Coast, as well as for general corporate purposes.