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Surge Copper Corp. (TSE:SURG)
:SURG

Surge Copper Corp (SURG) AI Stock Analysis

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Surge Copper Corp

(SURG)

39Underperform
Surge Copper Corp's stock score is primarily impacted by significant financial performance challenges, including zero revenue and persistent losses. Although corporate events signal potential for future improvements, the stock remains weak due to poor cash flow, market momentum, and valuation metrics.

Surge Copper Corp (SURG) vs. S&P 500 (SPY)

Surge Copper Corp Business Overview & Revenue Model

Company DescriptionSurge Copper Corp (SURG) is a mineral exploration and development company focused on advancing its copper projects located in British Columbia, Canada. Operating primarily within the mining sector, the company is dedicated to the exploration and potential extraction of copper and associated precious metals. Surge Copper's core assets include the Ootsa and Berg properties, which are situated in a region known for significant mineral deposits.
How the Company Makes MoneySurge Copper Corp generates revenue primarily through the exploration and potential development of its copper and precious metals assets. The company seeks to increase the value of its properties by conducting detailed exploration programs, which can lead to the discovery of economically viable mineral deposits. Once a viable resource is confirmed, Surge Copper can either develop the mining project itself, leading to potential future revenue from copper and metal extraction, or enter into joint ventures or partnerships with larger mining companies. These partnerships can provide upfront payments, milestone payments, or royalties, contributing to the company's earnings. Additionally, the company may raise capital through equity financing to fund its exploration activities, which can also impact its financial standing.

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
10
Very Negative
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
40
Negative
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
25
Negative
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
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
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 SheetCash, Cash Equivalents and Short-Term Investments
814.74K84.66K2.82M7.82M3.27M35.05K
Total Assets
22.39M51.34M50.35M47.28M33.91M22.07M
Total Debt
0.0080.37K105.03K126.11K25.22K73.80K
Net Debt
-814.74K-4.29K-2.72M-7.70M-3.25M38.75K
Total Liabilities
1.11M4.91M5.65M5.75M1.95M330.39K
Stockholders Equity
21.28M46.43M44.70M41.53M31.96M21.74M
Cash FlowFree 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
7.31M144.25K4.12M13.95M9.11M77.92K

Surge Copper Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.12
Price Trends
50DMA
0.11
Positive
100DMA
0.10
Positive
200DMA
0.12
Positive
Market Momentum
MACD
<0.01
Negative
RSI
62.71
Neutral
STOCH
100.00
Negative
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 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.71 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
49
Neutral
$1.95B-1.59-21.99%3.77%0.61%-27.45%
TSTK
42
Neutral
C$16.35M-1.26%35.14%
39
Underperform
C$33.46M-3.82%57.39%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SURG
Surge Copper Corp
0.12
-0.02
-14.29%
TSE:TK
Tinka Resources
0.04
-0.09
-69.23%

Surge Copper Corp Corporate Events

Business Operations and Strategy
Surge Copper Explores Energy-Saving Technology for Berg Project
Positive
Apr 15, 2025

Surge Copper Corp. has released results from an energy efficiency study exploring the use of high-pressure grinding rolls (HPGR) at its Berg Project in British Columbia. The study, conducted with Ausenco Engineering and BC Hydro, indicates that HPGR technology could reduce grinding power requirements by 25% and overall energy consumption by 20% compared to traditional methods. This could offer strategic flexibility and address power supply challenges in large-scale milling operations. Further analysis is needed to assess additional factors like environmental impact as the company progresses towards a pre-feasibility assessment.

Spark’s Take on TSE:SURG Stock

According to Spark, TipRanks’ AI Analyst, TSE:SURG is a Neutral.

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.

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

Executive/Board ChangesBusiness Operations and Strategy
Surge Copper Corp. Grants Equity Incentives and Finalizes Property Agreement
Neutral
Feb 28, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.