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. 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.
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.