Surge Copper Corp (SURG) AI Stock Analysis

• Market Cap: C$42.19M
• Dividend Yield: N/A
• Average Volume (3M): 183.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.57
• Revenue Growth: N/A
• EPS Growth: 57.39%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 290,979,920
• 10 Day Avg. Volume: 291,090
• 30 Day Avg. Volume: 183,762
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -14.20
• P/FCF Ratio: 0.00
• 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

Surge Copper Corp's stock score is primarily impacted by its financial performance challenges, including zero revenue and persistent losses. While technical analysis shows strong upward momentum, caution is advised due to overbought indicators. The recent promising drilling results provide a positive outlook, but valuation concerns due to negative earnings persist.

Surge Copper Corp Business Overview & Revenue Model

Company Description

Surge Copper Corp (SURG) is a Canadian mineral exploration company focused on the exploration and development of copper and other mineral resources. The company primarily operates in the mining sector, concentrating its efforts on advancing its mineral properties located in British Columbia, Canada. Surge Copper's flagship project is the Ootsa Property, which is strategically located near existing mining infrastructure and possesses significant exploration potential.

How the Company Makes Money

Surge Copper Corp generates revenue primarily through the exploration and development of its mineral properties. The company's business model involves identifying, acquiring, and developing mineral-rich properties, with the goal of increasing their value and eventually selling or partnering with larger mining companies for production. Revenue streams include potential sales of mineral rights, joint ventures, or royalty agreements with other mining firms. Additionally, Surge Copper may raise funds through equity financing to support ongoing exploration activities and operations. The company's earnings are significantly influenced by factors such as global copper prices, successful exploration results, and strategic partnerships with industry players.

Surge Copper Corp Financial Statement Overview

Summary

Surge Copper Corp faces significant financial challenges, primarily driven by zero revenue and persistent losses. The balance sheet shows financial stability due to low leverage, but poor cash flow performance and lack of profitability severely impact overall financial health.

Income Statement

Surge Copper Corp shows a persistent lack of revenue generation, with total revenue remaining at zero for both TTM and annual periods. The company continues to post net losses, indicating no net profit margins. EBIT and EBITDA margins are negative, reflecting ongoing operational losses. The absence of revenue and profitability highlights significant challenges in the company's income generation capabilities.

Balance Sheet

The company's balance sheet shows a solid equity base with a strong equity ratio, suggesting financial stability. However, the debt-to-equity ratio is low due to minimal debt levels, which lowers financial risk. Despite a strong equity position, the lack of revenue and profitability affects the return on equity, which remains negative. This points to inefficiencies in generating returns on shareholders' investments.

Cash Flow

The cash flow statements highlight negative operating and free cash flows, suggesting cash burn in operations and investments without sufficient cash inflow from revenues. Financing activities indicate reliance on external funding for liquidity. The operating cash flow to net income ratio is negative, reflecting challenges in converting accounting profits into cash flow. This raises concerns about the sustainability of cash flows.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-33.72K	-36.06K	-39.33K	-48.79K	-51.52K	-51.48K
	EBIT
-1.52M	-2.58M	-1.85M	-2.32M	-4.51M	-228.70K
	EBITDA
-2.14M	-2.60M	-1.77M	-2.27M	-4.46M	-177.22K
	Net Income Common Stockholders
-1.87M	-1.73M	-2.11M	-4.89M	-5.80M	-169.94K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
814.74K	84.66K	2.82M	7.82M	3.27M	35.05K
	Total Assets
22.39M	51.34M	50.35M	47.28M	33.91M	22.07M
	Total Debt
0.00	80.37K	105.03K	126.11K	25.22K	73.80K
	Net Debt
-814.74K	-4.29K	-2.72M	-7.70M	-3.25M	38.75K
	Total Liabilities
1.11M	4.91M	5.65M	5.75M	1.95M	330.39K
	Stockholders Equity
21.28M	46.43M	44.70M	41.53M	31.96M	21.74M
Cash Flow		Free Cash Flow
-5.00M	-859.24K	-874.71K	-1.60M	-1.51M	-50.96K
	Operating Cash Flow
-1.54M	-849.75K	-871.36K	-1.56M	-1.47M	-43.38K
	Investing Cash Flow
-3.48M	-2.03M	-8.25M	-7.84M	-4.39M	-7.59K
	Financing Cash Flow
7.31M	144.25K	4.12M	13.95M	9.11M	77.92K

Surge Copper Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 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:SURG, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.10, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 80.25 is Negative, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SURG.

Surge Copper Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	47 Neutral	$2.66B	-3.14	-22.17%	3.33%	3.73%	-29.29%
SURG	47 Neutral	C$42.19M	―	-3.82%	―	―	57.39%
TK	37 Underperform	C$22.48M	―	-1.26%	―	―	35.14%

Surge Copper Corp Corporate Events

Surge Copper Corp. Grants Equity Incentives and Finalizes Property Agreement

Surge Copper Corp. has announced the grant of equity-based incentive awards, distributing restricted share units to employees and executives, and deferred share units to non-executive directors. Additionally, the company has completed the MacLean East Property agreement, receiving approval from the TSX Venture Exchange, with a cap on the maximum number of shares issuable under the agreement.

Surge Copper Reports Promising Drilling Results at Ootsa Project

Surge Copper Corp has reported promising assay results from recent drilling at the Ootsa Project, specifically at the Cu-Au Target northeast of the East Seel deposit. The highlighted results from hole S24-337 show an intersection of 108 metres grading 0.35% copper equivalent, indicating potential for significant resource expansion in the area. These findings support the potential for higher-than-average grades, enhancing the attractiveness of the Ootsa Project and contributing to the company’s strategic exploration efforts.

Surge Copper Corp. Appoints Experienced Mining Executive to Board

Surge Copper Corp. has announced the appointment of Dr. Paul West-Sells to its board of directors, highlighting his extensive experience in the mining industry. His expertise in advancing large mining projects is expected to aid Surge in developing its Berg and Ootsa Projects, reflecting the company’s commitment to enhancing its strategic and operational capabilities.