Starr Peak Mining (STE) AI Stock Analysis

• Market Cap: C$21.06M
• Dividend Yield: N/A
• Average Volume (3M): 76.26K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• 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$0.34 ▲(14.00% 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 risk and interest burdens, giving management flexibility to fund exploration and respond to opportunistic transactions. Over 2–6 months this supports deal-making, lowers insolvency risk, and improves partner/joint-venture optionality.

Improving cash burn trend

A materially reduced free cash burn trajectory indicates better cost control or smaller program spend, which lengthens runway and lowers near-term financing frequency. If sustained, this trend strengthens the company's ability to advance prospects with less dilution and more optionality for partnerships.

Sizable equity cushion

A roughly $14.5M equity base provides a tangible funding cushion to support near-term exploration and corporate overhead without immediate recourse to markets. Structurally this reduces short-term liquidity stress and enhances the company's ability to pursue option or JV discussions.

Negative Factors

No recurring revenue

As an exploration-stage miner with no recurring operating revenue, the business model depends on capital markets and occasional asset transactions. Over months this creates structural cashflow volatility and makes progress contingent on successful financing or partner deals rather than internal cash generation.

Ongoing operating losses

Persistent operating and net losses mean the company remains pre-revenue and value is tied to exploration outcomes. This structural loss profile necessitates ongoing funding, increases dilution risk for shareholders, and signals the projects have not yet been derisked to generate sustainable cash flow.

Continued negative cash flow requiring financing

Consistent negative operating and free cash flow forces reliance on external financing to sustain programs and G&A. Over a 2–6 month horizon this structural cash deficit elevates execution risk, can delay exploration timelines, and increases the probability of equity issuance and shareholder dilution.

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 losses/cash burn are positives, but the company reports no revenue and continues to post net losses with negative operating/free cash flow, implying ongoing reliance on capital.

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: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.31, below the 50-day MA of 0.32, and below the 200-day MA of 0.37, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 59.19 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, 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%
ELEF	49 Neutral	C$17.04M	-1.52	-179.75%	―	―	15.69%
STE	48 Neutral	C$21.06M	-18.45	-6.76%	―	―	78.16%
PSE	45 Neutral	C$18.43M	-3.69	-184.63%	―	―	-269.70%
TORQ	45 Neutral	C$17.65M	-0.87	―	―	―	-18.42%
ELEC	43 Neutral	C$18.00M	-2.53	-53.71%	―	2549.43%	17.73%
SRA	39 Underperform	C$18.92M	34.53	16.97%	―	―	―