Summa Silver Corp (SSVR) AI Stock Analysis

• Market Cap: $34.04M
• Dividend Yield: N/A
• Average Volume (3M): 145.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: N/A
• EPS Growth: 19.69%
• Country: CA
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Other Precious Metals
• EPS (TTM): -0.03
• Shares Outstanding: 121,576,580
• 10 Day Avg. Volume: 126,953
• 30 Day Avg. Volume: 145,939
• PEG Ratio: -0.95
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.83
• 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

Summa Silver Corp's overall score reflects significant financial challenges typical of pre-revenue mining companies, with a lack of operational income and dependency on external financing. While technical analysis indicates a neutral to slightly bearish trend, recent positive corporate events, including promising assay results and strategic project acquisitions, provide hope for future growth. However, the current valuation and lack of profitability remain concerns.

Summa Silver Corp Business Overview & Revenue Model

Company Description

Summa Silver Corp (SSVR) is a mineral exploration company primarily focused on the acquisition, exploration, and development of precious metal properties, particularly silver and gold. The company operates within the mining sector and is engaged in exploring high-potential mineral properties in North America, aiming to identify and develop economically viable projects.

How the Company Makes Money

Summa Silver Corp makes money through the exploration and development of mineral resource properties. Its revenue model is primarily based on identifying and advancing potential silver and gold mining projects, which can lead to increased property value and potential future sale or partnership opportunities. The company may also generate income through joint ventures, selling stakes in its projects, or eventual production and sale of mined resources. Key factors contributing to its earnings include successful exploration results, favorable market conditions for precious metals, and strategic partnerships with other mining companies.

Summa Silver Corp Financial Statement Overview

Summary

Summa Silver Corp is facing typical financial challenges for an early-stage mining company. The absence of revenue and consistent losses impact profitability. Despite a strong equity position providing some stability, ongoing negative cash flows indicate a dependency on external financing. The company must focus on advancing projects towards revenue generation to improve its financial performance.

Income Statement

Summa Silver Corp's income statement shows no revenue generation over the periods analyzed, resulting in negative EBIT and net income figures. This indicates a lack of operational income and significant operational losses, which is typical for a mining company in the exploration phase. The absence of revenue growth, coupled with consistently negative profit margins, reflects ongoing financial challenges.

Balance Sheet

The balance sheet is relatively strong, with no debt and a substantial amount of stockholders' equity. The equity ratio is high due to a low level of liabilities, indicating stability. However, the inability to generate revenue poses a risk to long-term sustainability. The company's assets are primarily financed by equity, which is a positive sign of financial health in the absence of leverage.

Cash Flow

The cash flow statements reveal negative operating and free cash flows, highlighting the company's reliance on financing activities to cover its operational and capital expenditures. This poses a risk, as continuous reliance on external funding may not be sustainable in the long term. The negative free cash flow growth rate further emphasizes the company's cash flow challenges.

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	0.00	0.00	0.00	0.00
	EBIT
-1.48M	-2.09M	-2.21M	-3.72M	-5.44M	-714.64K
	EBITDA
-2.91M	0.00	-2.84M	-3.72M	-5.44M	-714.64K
	Net Income Common Stockholders
-2.90M	-2.88M	-2.84M	-3.72M	-5.44M	-1.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
11.79M	587.11K	7.00M	6.80M	7.21M	9.63M
	Total Assets
41.41M	43.85M	42.13M	31.60M	21.47M	14.38M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-11.79M	-587.11K	-7.00M	-6.80M	-7.21M	-9.63M
	Total Liabilities
858.41K	103.91K	279.13K	346.49K	551.18K	840.69K
	Stockholders Equity
40.55M	43.75M	41.85M	31.25M	20.92M	13.54M
Cash Flow		Free Cash Flow
-4.58M	-6.71M	-9.49M	-11.46M	-12.35M	-3.23M
	Operating Cash Flow
-1.96M	-2.71M	-2.06M	-2.64M	-2.63M	-991.16K
	Investing Cash Flow
-3.47M	-4.00M	-7.43M	-8.82M	-9.71M	-2.21M
	Financing Cash Flow
5.85M	303.10K	9.69M	11.05M	9.92M	12.58M

Summa Silver Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.28
• 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:SSVR, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.32, and below the 200-day MA of 0.34, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.63 is Neutral, neither overbought nor oversold. The STOCH value of 36.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SSVR.

Summa Silver Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SVM	76 Outperform	$1.10B	10.18	11.68%	0.67%	31.23%	110.49%
MAG	57 Neutral	$2.44B	19.06	16.27%	1.08%	―	61.66%
USA	51 Neutral	$541.46M	―	-95.94%	―	23.63%	22.43%
Sector *	49 Neutral	$1.97B	-1.18	-21.24%	3.71%	1.29%	-31.16%
IPT	42 Neutral	$45.77M	―	-16.66%	―	36.99%	-153.27%
SSVR	41 Neutral	$34.04M	―	-6.12%	―	―	19.69%

Summa Silver Corp Corporate Events

Summa Silver Unveils High-Grade Gold-Silver Assay Results at Kennedy Project

Summa Silver Corp has announced promising assay results from its Kennedy Project in northern Nevada, revealing high-grade gold and silver mineralization. The sampling program identified significant gold and silver grades at the Gold Note and Coyote targets, indicating strong discovery potential with over 22 km of high-grade quartz veins traced at the surface. The results underscore the project’s potential, as modern systematic exploration techniques have yet to be applied to the district, offering a compelling opportunity for value creation.

Spark’s Take on TSE:SSVR Stock

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

Summa Silver Corp’s overall score is driven by its financial challenges and speculative nature, given its current lack of revenue and negative earnings. However, recent corporate events provide a silver lining with potential growth prospects from new projects and resource estimates. While technical indicators do not suggest a strong trend, the company’s high equity ratio and strategic focus on exploration offer some stability and future potential, albeit with significant risks.

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

Summa Silver Issues Shares for Mogollon Project Lease Payment

Summa Silver Corp. has announced the issuance of 112,324 common shares as part of the fourth annual payment under amended lease agreements for the Mogollon Project in New Mexico. This move is part of a ten-year lease agreement strategy, allowing the company to continue its exploration efforts in a region known for its historic silver production, potentially enhancing its market position in the mineral exploration industry.

Summa Silver Corp Releases Technical Reports for U.S. Silver Projects

Summa Silver Corp has completed and filed technical reports for its Hughes Project in Nevada and Mogollon Project in New Mexico, detailing significant mineral resource estimates. These reports, prepared in accordance with NI 43-101 standards, highlight substantial indicated and inferred silver and gold resources, potentially enhancing the company’s market position and offering promising prospects for stakeholders.

Summa Silver Stakes High-Grade Kennedy Project in Nevada

Summa Silver Corp has announced the acquisition of the Kennedy Project in Pershing County, Nevada, through low-cost claim staking. This project, which covers a historic mining district, is 100% owned by the company and free of royalties. The Kennedy Project is notable for its high-grade gold and silver veins, which have not been systematically explored with modern techniques. While the company will continue to prioritize its Hughes and Mogollon projects, the Kennedy Project presents a significant opportunity for future exploration and development, potentially representing a near-surface gold target of 1 million ounces.