Stria Lithium (SRA) AI Stock Analysis

• Market Cap: C$23.65M
• Dividend Yield: N/A
• Average Volume (3M): 32.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 39,409,035
• 10 Day Avg. Volume: 17,568
• 30 Day Avg. Volume: 32,220
• PEG Ratio: 0.34
• Price to Book (P/B): 4.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -26.68
• 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: 49 Neutral
• Price Target: C$0.60 ▼(-2.13% Downside)

The score is primarily constrained by weak financial performance: the company remains pre-revenue with ongoing losses and negative free cash flow, even though losses and cash burn improved and debt is minimal. Technicals are supportive with price holding above key long-term averages and a positive MACD, but valuation is pressured by a negative P/E and the absence of dividend support.

Positive Factors

Low Leverage / No Debt

Having no reported debt materially reduces fixed financing costs and bankruptcy risk, giving management flexibility to fund near-term development with equity or project financing. For a pre-revenue miner, low leverage preserves optionality and lengthens runway while commercial work progresses.

Improving Cash Burn

A marked reduction in operating cash outflows signals better cost discipline and operational efficiency. Sustained lower burn rate extends financial runway, reduces near-term external funding need, and increases odds management can reach development milestones before raising dilutive capital.

Narrowing Net Losses

Progress toward smaller annual losses indicates concrete operational improvement and tighter expense control. If persistent, this trend increases probability of reaching breakeven once commercial activity starts and strengthens credibility with investors and partners over the medium term.

Negative Factors

Pre-Revenue Business

No revenue means there is no proven market or cash-generating operations, leaving value highly contingent on successful project development and commodity demand. This structural uncertainty forces reliance on external capital and elevates execution and commercialization risk over months to years.

Negative Cash Generation

Persistent negative operating and free cash flow create a structural funding requirement; absent revenue the company will need ongoing external financing. That raises dilution and timing risk, and constrains ability to invest in scaling or capex without shareholder or debt injections.

Deteriorating Shareholders' Equity

A notable fall in equity reflects cumulative losses or capital movements that erode the balance-sheet buffer. Reduced equity limits absorbable shocks, makes future financings more dilutive or expensive, and signals that past capital has been consumed rather than compounded.

Stria Lithium Business Overview & Revenue Model

Company Description

Stria Lithium Inc. engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium deposits. The company owns a 100% interest in the Pontax-Lithium property that includes 68 contiguous mining claims covering an area of 3,613 hectares located in the west-central Eeyou Istchee James Bay Territory in Northern Quebec. It is also involved in the development of processes to purify and recover lithium metal directly from ore and brine liquids. The company was formerly known as Stria Capital Inc. and changed its name to Stria Lithium Inc. in April 2014. Stria Lithium Inc. was incorporated in 2011 and is headquartered in Kingston, Canada.

How the Company Makes Money

Stria Lithium makes money primarily through the exploration and development of its lithium projects. Revenue is generated from the eventual sale of lithium extracted from their properties, either directly to manufacturers of batteries and electric vehicles or through partnerships with other mining companies. The company's earnings are heavily influenced by the global demand for lithium, driven by the rise in electric vehicle production and the push for renewable energy solutions. Stria Lithium may also form strategic partnerships or joint ventures with other companies to enhance their production capabilities and expand their market reach.

Stria Lithium Financial Statement Overview

Summary

Pre-revenue profile with persistent losses and negative cash flow keeps financial strength weak despite improvement. Net loss and operating cash burn narrowed materially in 2025, and the company carries no reported debt, but shareholder equity has declined meaningfully and profitability remains negative.

Income Statement

The company is still pre-revenue (revenue has been 0 across the annual periods provided), which means profitability is entirely driven by spending levels rather than operating scale. Losses remain persistent, but there is a notable improvement in the most recent annual period: net loss narrowed to about -$0.29M in 2025 vs -$1.41M in 2024, and operating loss also improved materially. The key weakness is the lack of a revenue base and ongoing negative earnings, which keeps the earnings quality and visibility low despite the year-over-year loss reduction.

Balance Sheet

Leverage appears very low with total debt reported at 0 in recent years, which reduces financial risk and interest burden. However, the equity base has been volatile—stockholders’ equity declined meaningfully from ~$3.68M (2023) to ~$1.93M (2025), reflecting ongoing losses and/or capital movements. Returns on equity are negative in recent years, signaling that shareholder capital is being consumed rather than compounded, even though the balance sheet is not debt-stressed.

Cash Flow

Cash generation remains negative, with operating cash flow and free cash flow consistently below zero, indicating ongoing cash burn to sustain operations. The good news is that cash burn improved substantially in 2025 (operating cash flow about -$0.31M vs -$0.93M in 2024), and free cash flow also improved in line with that trend. The main risk is that without revenue, the business likely depends on external funding over time, and cash flow volatility has been evident across the historical periods.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-624.24K	-286.65K	-267.47K	-1.56M	0.00	0.00
Net Income	320.38K	-286.65K	-1.41M	-1.24M	-1.33M	-439.19K
Balance Sheet
Total Assets	2.04M	1.98M	1.64M	3.90M	5.22M	3.66M
Cash, Cash Equivalents and Short-Term Investments	1.96M	1.93M	1.44M	2.96M	2.73M	1.11M
Total Debt	0.00	0.00	0.00	0.00	0.00	10.00K
Total Liabilities	16.46K	49.41K	80.86K	217.64K	1.54M	1.12M
Stockholders Equity	2.02M	1.93M	1.56M	3.68M	3.68M	2.54M
Cash Flow
Free Cash Flow	-253.20K	-309.67K	-929.32K	-1.57M	-670.93K	-1.11M
Operating Cash Flow	-288.20K	-309.67K	-929.32K	-1.41M	-545.93K	-453.86K
Investing Cash Flow	1.01K	856.65K	0.00	-222.12K	1.21M	-654.98K
Financing Cash Flow	631.00	630.97K	-41.25K	589.07K	961.43K	2.02M

Stria Lithium Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SRA, the sentiment is Positive. The current price of 0.61 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.45, and above the 200-day MA of 0.26, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 52.77 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SRA.

Stria Lithium 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%
ILI	51 Neutral	C$10.22M	-33.33	-1.36%	―	―	-136.00%
SRA	49 Neutral	C$23.65M	-72.29	16.97%	―	―	―
ULTH	49 Neutral	C$25.10M	-7.46	-22.36%	―	―	-4.68%
NRM	47 Neutral	C$12.52M	-5.43	-41.21%	―	―	48.66%
LIT	45 Neutral	C$18.57M	-1.50	-24.07%	―	―	76.16%
AVE	40 Underperform	C$19.84M	-6.48	-24.93%	―	―	-6.45%