Surface Metals (SUR) AI Stock Analysis

• Market Cap: C$5.01M
• Dividend Yield: N/A
• Average Volume (3M): 3.45K
• Price to Earnings (P/E): ―
• Beta (1Y): -4.42
• Revenue Growth: N/A
• EPS Growth: 58.74%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 43,592,575
• 10 Day Avg. Volume: 2,861
• 30 Day Avg. Volume: 3,451
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• 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

• Rating: 33 Underperform
• Price Target: ―

Acme Lithium's overall stock score is predominantly impacted by its severe financial difficulties, including no revenue generation and significant cash outflows. Technical analysis indicates bearish trends, and valuation metrics reflect ongoing profitability issues. While recent acquisitions in gold exploration could offer future growth, they do not currently mitigate financial challenges.

Surface Metals Business Overview & Revenue Model

Company Description

Acme Lithium (ACME) is a resource exploration and development company focused on the acquisition, exploration, and development of lithium projects. Operating in the mining and energy sectors, Acme Lithium is dedicated to advancing its portfolio of lithium-rich assets, which are critical for the production of batteries used in electric vehicles, energy storage, and other high-tech applications.

How the Company Makes Money

Acme Lithium makes money primarily through the exploration and development of its lithium projects. The company generates revenue by advancing these projects to a stage where they can be sold, partnered, or further developed into production assets. Key revenue streams include the sale of lithium resources, joint ventures, and strategic partnerships with larger mining or technology firms. These partnerships often provide additional funding and technical expertise, enabling Acme Lithium to enhance the value of its projects. The company's earnings are significantly influenced by the global demand for lithium, which is driven by the growth of the electric vehicle market and the need for efficient energy storage solutions.

Surface Metals Financial Statement Overview

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Cash Flow

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Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
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Surface Metals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SUR, the sentiment is Negative. The current price of 0.13 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.11, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.34 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SUR.

Surface Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AVL	58 Neutral	$22.06M	―	-5.23%	―	―	-11500.00%
SGML	57 Neutral	$856.87M	―	-30.69%	―	11.53%	-154.63%
LAC	49 Neutral	$814.33M	―	-8.91%	―	―	―
Sector *	44 Neutral	C$969.59M	-6.68	-13.73%	2.50%	17.55%	-32.57%
CRE	41 Neutral	$98.03M	9.13	13.24%	―	―	―
SUR	33 Underperform	C$5.01M	―	-5.51%	―	―	58.74%

Surface Metals Corporate Events

ACME Lithium Rebrands and Expands into Gold Exploration

ACME Lithium Inc. has announced a significant corporate restructuring, including a name change to ‘Surface Metals Inc.’ and a consolidation of its common shares on a 1-for-3 basis. This strategic move is expected to streamline the company’s operations and potentially enhance its market positioning. Concurrently, ACME has acquired a 90% interest in the Cimarron Gold Project in Nevada, marking a strategic shift towards gold exploration. This project, located in a historically rich mining district, offers promising opportunities for establishing a compliant gold resource, potentially impacting the company’s future growth and stakeholder interests.

Spark’s Take on TSE:ACME Stock

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

Acme Lithium’s overall stock score is primarily impacted by its severe financial difficulties, including no revenue generation and significant cash outflows. Technical analysis indicates bearish trends, and valuation metrics reflect ongoing profitability issues. While the recent acquisition of a gold project could offer future growth, it does not currently mitigate the financial challenges. The absence of earnings call data limits additional insights into company performance.

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

Acme Lithium Acquires Majority Stake in Cimarron Gold Project, Boosting Exploration Potential

Acme Lithium Inc. has announced the acquisition of a 90% interest in the Cimarron Gold Project located in Nye County, Nevada, from Crestview Exploration Inc. This strategic acquisition involves 31 unpatented lode mining claims and positions Acme to explore a high-grade gold resource with significant potential for expansion. The project is situated at the intersection of two prominent gold trends, offering promising exploration opportunities with historic drill results indicating substantial gold intercepts. This move enhances Acme’s portfolio and strengthens its position in the mining industry, potentially benefiting stakeholders through increased resource development and exploration activities.

Spark’s Take on TSE:ACME Stock

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

Acme Lithium faces substantial financial challenges with no revenue generation and significant cash outflows, which negatively impact its overall score. The technical analysis suggests a bearish trend, and the valuation metrics reflect the company’s profitability issues. The absence of recent earnings call data or notable corporate events means these factors do not contribute to the score, emphasizing the importance of the financial and technical aspects in the evaluation.

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