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Sparton Resources Inc (TSE:SRI)
:SRI
Canadian Market
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Sparton Resources (SRI) AI Stock Analysis

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TSE:SRI

Sparton Resources

(SRI)

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Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
C$0.02
▼(-36.67% Downside)
Action:Reiterated
Date:05/08/26
The score is primarily constrained by weak financial performance—persistent losses, zero-revenue years (2024–2025), and ongoing negative operating/free cash flow. Technicals are also negative with a broad downtrend and negative MACD, while valuation is difficult to support given the negative P/E and no dividend yield data.
Positive Factors
Improving leverage
Lower leverage materially reduces financing strain and bankruptcy risk versus prior years. A sustained decline in debt-to-equity increases financial flexibility for restructuring or selective investment, improving the company’s ability to pursue stabilizing actions over months.
Negative Factors
Persistent net losses
Multi-year net losses erode equity and limit internal capital for investment. Persistent negative profitability constrains strategic flexibility, increases reliance on external funding, and raises the risk that improvements in leverage or cash burn will be offset by continued value erosion.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Lower leverage materially reduces financing strain and bankruptcy risk versus prior years. A sustained decline in debt-to-equity increases financial flexibility for restructuring or selective investment, improving the company’s ability to pursue stabilizing actions over months.
Read all positive factors

Sparton Resources (SRI) vs. iShares MSCI Canada ETF (EWC)

Sparton Resources Business Overview & Revenue Model

Company Description
Sparton Resources Inc., a Canadian enterprise in the exploration and development phase, focuses on investigating and assessing properties throughout Canada. The company's mineral portfolio features two significant gold assets: the Bruell Gold Prop...
How the Company Makes Money
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Sparton Resources Financial Statement Overview

Summary
Overall fundamentals are weak: recurring net losses (2020–2025), negative operating earnings, and negative operating/free cash flow every year. While leverage improved and debt declined (supporting the balance sheet), revenue volatility is extreme with revenue falling to zero in 2024–2025, leaving the business not yet self-funding despite reduced cash burn in 2025.
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
BreakdownDec 2025Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue0.000.00954.10K1.14M470.77K
Gross Profit-20.48K0.0045.69K333.05K56.18K
EBITDA-616.84K-869.91K-280.67K-328.31K-340.60K
Net Income-369.08K-706.85K-330.88K-353.39K-360.25K
Balance Sheet
Total Assets1.95M1.91M2.24M1.94M1.92M
Cash, Cash Equivalents and Short-Term Investments284.49K5.25K411.41K85.39K246.10K
Total Debt119.74K281.70K227.16K224.08K241.00K
Total Liabilities560.10K563.39K565.35K614.70K553.07K
Stockholders Equity1.04M992.75K1.32M977.75K1.02M
Cash Flow
Free Cash Flow-96.07K-813.15K-140.05K-223.89K-344.95K
Operating Cash Flow-96.07K-813.15K-138.85K-155.13K-296.30K
Investing Cash Flow0.000.0019.70K-68.76K-48.65K
Financing Cash Flow375.30K407.00K450.00K68.00K478.56K

Sparton Resources Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.03
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
37.99
Neutral
STOCH
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SRI, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.99 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SRI.

Sparton Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
52
Neutral
C$5.09M17.65-62.20%
50
Neutral
C$5.68M-3.24-4.44%-1885.71%
47
Neutral
C$4.50M-10.94-8.50%82.43%
45
Neutral
C$4.09M-0.23-54.40%65.37%
43
Neutral
C$3.11M-15.38-17.39%
42
Neutral
C$3.63M-15.38-4.20%53.49%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SRI
Sparton Resources
0.02
0.00
0.00%
TSE:SCLT
Searchlight Resources Inc
0.12
0.05
62.16%
TSE:GOR
Goldrea Resources
0.02
0.01
100.00%
TSE:SIEN
Sienna Resources
0.09
-0.03
-25.00%
TSE:NEV
Nevada Sunrise Gold
0.05
<0.01
28.57%
TSE:ETR
Etruscus Corp
0.07
-0.03
-33.33%

Sparton Resources Corporate Events

Business Operations and Strategy
Sparton Expands Land Package and Reports Encouraging Drill Results at Pense Critical Metals Project
Positive
Apr 15, 2026
Sparton Resources has expanded its Pense Critical Metals Project on the Ontario-Quebec border by adding 40 claims, bringing its land position to 185 claims over roughly 9,000 hectares. The company recently completed additional airborne EM geophysi...
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 08, 2026