Starr Peak Mining (STE) AI Stock Analysis

• Market Cap: C$26.54M
• Dividend Yield: N/A
• Average Volume (3M): 76.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: N/A
• EPS Growth: 78.16%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 57,697,180
• 10 Day Avg. Volume: 121,217
• 30 Day Avg. Volume: 76,262
• PEG Ratio: 0.26
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -23.71
• 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: 48 Neutral
• Price Target: C$0.46 ▲(51.67% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow). Technicals provide some near-term support but do not show a strong longer-term uptrend. Valuation is also pressured due to continued losses and no dividend yield data.

Positive Factors

Debt-free balance sheet

A debt-free balance sheet materially reduces financial distress risk and provides management flexibility to time exploration spending, pursue JVs or acquisitions, and negotiate from strength. This structural resilience supports survival across commodity cycles and fundraising windows.

Improving cash burn trajectory

Steady reduction in operating and free cash outflows signals better capital efficiency and lower near-term funding needs. If sustained, this trend increases runway for advancing exploration, reduces dilution risk per program, and enhances the firm's ability to crystallize value from discoveries.

Focused Québec exploration strategy

Concentrated activity in Québec leverages a stable, mining-friendly jurisdiction with strong infrastructure and permitting frameworks. Targeting both base and precious metals provides commodity diversification and optionality, increasing the chance that advances translate into monetizable project value.

Negative Factors

No revenue, still unprofitable

As an exploration-stage company with no operating revenue, intrinsic value relies on speculative resource outcomes. Persistent losses force dependence on external funding and make long-term planning contingent on discovery success rather than cash-generative operations, raising structural risk.

Consistent negative operating and free cash flow

Chronic cash burn necessitates repeated capital raises or asset sales, constraining investment strategy and elongating timelines to development. Over time this can dilute shareholders, delay project advancement, and leave the company vulnerable if financing markets tighten.

Reliance on capital raises and asset monetization

Dependence on equity issuance and option/JV deals is structurally risky: funding availability and deal terms swing with market sentiment and partner appetite. This model can cause recurring dilution and makes project progression contingent on third-party interest and timing.

Starr Peak Mining Business Overview & Revenue Model

Company Description

Starr Peak Mining Ltd., an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties in Canada. The company explores for gold. It holds a 100% interest in NewMetal Property comprising 53 mineral claims covering an area of 1,420 hectares located in the northwestern Quebec. The company was formerly known as Starr Peak Exploration Ltd. and changed its name to Starr Peak Mining Ltd. in March 2021. Starr Peak Mining Ltd. was incorporated in 1981 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Starr Peak Mining Ltd. generates revenue through the exploration and development of mineral properties, which may lead to the discovery of commercially viable mineral deposits. Once these deposits are identified, the company can earn money by extracting and selling the minerals, primarily gold and other precious metals, to various buyers in the global market. Additionally, the company might form strategic partnerships, joint ventures, or sell its interests in mineral properties to other mining firms, thereby generating income. The success of these activities largely depends on the company's ability to efficiently manage exploration projects, accurately assess mineral reserves, and navigate market demand and commodity prices.

Starr Peak Mining Financial Statement Overview

Summary

Debt-free balance sheet and improving net losses/free cash burn are positives, but the company reports no revenue across the periods provided and remains unprofitable with consistently negative operating and free cash flow—indicating an ongoing development-stage, cash-burning profile.

Income Statement

The company reports no revenue across the annual periods provided, while continuing to post operating and net losses each year. Losses have narrowed materially versus the very large 2021–2022 deficits (2025 annual net loss of about $1.0M vs. 2022 about $12.9M), which is a positive trajectory, but profitability remains firmly negative and the business has not yet demonstrated a revenue-generating model.

Balance Sheet

The balance sheet shows no debt in the periods provided, which materially reduces financial risk and provides flexibility. Equity remains sizable (about $14.5M in 2025 annual) and assets are relatively stable, but equity has declined from earlier peaks (notably from 2021), reflecting cumulative losses and ongoing value erosion without revenue support.

Cash Flow

Operating and free cash flow are consistently negative, indicating ongoing cash burn. The burn rate has improved substantially in the latest year (2025 annual free cash flow around -$0.84M vs. 2024 around -$1.23M and 2023 around -$4.22M), but cash generation remains insufficient and continued funding needs are likely if this pattern persists.

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	-983.33K	-967.57K	-4.21M	-1.71M	-12.88M	-10.36M
Net Income	-967.57K	-967.57K	-4.21M	-1.72M	-12.88M	-10.36M
Balance Sheet
Total Assets	17.61M	17.61M	17.01M	18.20M	17.82M	23.62M
Cash, Cash Equivalents and Short-Term Investments	611.23K	611.23K	41.98K	1.11M	343.00K	5.31M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	3.07M	3.07M	2.91M	638.00K	3.47M	1.94M
Stockholders Equity	14.54M	14.54M	14.11M	17.56M	14.35M	21.67M
Cash Flow
Free Cash Flow	-837.74K	-837.74K	-1.23M	-4.22M	-11.19M	-6.18M
Operating Cash Flow	-837.74K	-837.74K	-1.23M	-4.22M	-11.14M	-6.08M
Investing Cash Flow	0.00	0.00	0.00	0.00	-50.00K	-100.00K
Financing Cash Flow	1.40M	1.40M	158.87K	4.99M	6.23M	11.05M

Starr Peak Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:STE, the sentiment is Positive. The current price of 0.3 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.34, and below the 200-day MA of 0.37, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 72.97 is Negative, neither overbought nor oversold. The STOCH value of 67.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:STE.

Starr Peak Mining 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%
ELEC	54 Neutral	C$23.52M	-3.11	-53.71%	―	2549.43%	17.73%
ELEF	49 Neutral	C$15.33M	-1.37	-179.75%	―	―	15.69%
SRA	49 Neutral	C$23.65M	-72.29	16.97%	―	―	―
STE	48 Neutral	C$26.54M	-24.60	-6.76%	―	―	78.16%
PSE	47 Neutral	C$23.55M	-4.71	-184.63%	―	―	-269.70%
TORQ	45 Neutral	C$20.44M	-1.01	―	―	―	-18.42%