Wedgemount Resources (WDGY) AI Stock Analysis

• Market Cap: C$3.88M
• Dividend Yield: N/A
• Average Volume (3M): 5.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: 74.50%
• EPS Growth: -344.44%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Other Precious Metals
• EPS (TTM): -0.02
• Shares Outstanding: 64,645,580
• 10 Day Avg. Volume: 3,000
• 30 Day Avg. Volume: 5,500
• PEG Ratio: 0.04
• Price to Book (P/B): 13.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.31
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: C$0.00 ▼(-100.00%Downside)

Wedgemount Resources' stock score is primarily influenced by its financial performance and valuation challenges. The company's efforts to raise capital and enhance corporate governance are positive, but do not fully offset the operational and financial risks reflected in its negative profitability and cash flow issues. Technical analysis further highlights weak momentum, contributing to a cautious outlook.

Wedgemount Resources Business Overview & Revenue Model

Company Description

Wedgemount Resources (WDGY) is a resource exploration and development company primarily focused on identifying and advancing high-potential mining projects. The company operates within the natural resources sector, with a particular emphasis on exploring and developing mineral properties that contain valuable resources such as copper, gold, and other strategic minerals. Wedgemount Resources is committed to sustainable and responsible resource development, utilizing advanced exploration techniques to maximize the potential of its projects.

How the Company Makes Money

Wedgemount Resources makes money through the exploration and development of mineral properties, aiming to discover commercially viable quantities of minerals. The company's primary revenue streams include the sale of extracted minerals, forming joint ventures with other mining firms, and potentially selling or leasing its mining properties to larger mining companies. Additionally, significant partnerships with industry leaders and strategic investments can contribute to its earnings. The company may also raise capital through equity financing to fund its exploration activities, which is common in the resource exploration sector.

Wedgemount Resources Financial Statement Overview

Summary

Wedgemount Resources faces significant financial challenges. Despite some revenue growth, the company struggles with profitability and cash flow generation. High financial leverage and low equity indicate potential risks, requiring improvements in operational efficiency and financial management.

Income Statement

The company's income statement shows moderate revenue growth from previous periods, with a significant increase in the TTM. However, profitability metrics are concerning, as the Net Income and EBIT are negative, indicating operational challenges. Margins are deeply negative, with the Net Profit Margin and EBIT Margin reflecting losses, which is a major weakness.

Balance Sheet

The balance sheet reveals a concerning financial structure with high leverage. The Debt-to-Equity ratio is extremely high, indicating potential financial instability. The Equity Ratio is very low, suggesting excessive liabilities compared to assets. The declining stockholders' equity further highlights financial risk, despite some growth in total assets.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, suggesting a struggle to generate cash from operations. The Operating Cash Flow to Net Income and Free Cash Flow to Net Income ratios are unfavorable, reflecting cash flow management issues. Although there has been some financing cash inflow, it hasn't translated into positive free cash flow.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Dec 2020
Income Statement
Total Revenue	1.08M	292.18K	0.00	0.00	0.00
Gross Profit	857.86K	211.96K	-431.03K	-1.94K	0.00
EBITDA	-1.07M	-1.19M	-915.80K	52.81K	-17.58K
Net Income	-1.55M	-1.36M	-2.41M	-896.89K	-17.58K
Balance Sheet
Total Assets	7.43M	5.16M	617.09K	2.06M	218.62K
Cash, Cash Equivalents and Short-Term Investments	99.48K	950.62K	220.46K	1.47M	125.56K
Total Debt	1.58M	768.99K	0.00	0.00	0.00
Total Liabilities	5.64M	2.17M	82.03K	325.45K	17.70K
Stockholders Equity	1.80M	3.00M	535.06K	1.73M	200.92K
Cash Flow
Free Cash Flow	-876.69K	-3.48M	-1.25M	-757.05K	-89.94K
Operating Cash Flow	-33.11K	-595.04K	-1.21M	-624.57K	-74.94K
Investing Cash Flow	-910.94K	-3.04M	-35.00K	-161.98K	-15.00K
Financing Cash Flow	92.91K	4.36M	0.00	2.25M	215.50K

Wedgemount Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WDGY, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 28.62 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WDGY.

Wedgemount Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NAR	48 Neutral	C$4.43M	11.92	-1.02%	―	―	―
WDGY	47 Neutral	C$3.88M	―	-391.99%	―	74.50%	-344.44%
MTX	46 Neutral	C$5.53M	12.50	7.51%	―	―	―
Sector *	44 Neutral	C$961.63M	-6.69	-13.73%	2.46%	17.55%	-32.57%
LECR	35 Underperform	$7.09M	7.78	-31.89%	―	―	89.87%

Wedgemount Resources Corporate Events

Wedgemount Resources Completes Second Tranche of Private Placement

Wedgemount Resources Corp. has successfully closed the second tranche of its non-brokered private placement, raising $250,011 by issuing over 3.8 million units. The total offering has now reached $790,247, with the proceeds intended for general working capital purposes, reflecting the company’s strategic efforts to bolster its financial standing and operational capabilities.

Wedgemount Resources Announces Second Tranche of Private Placement

Wedgemount Resources Corp. announced its intention to complete a second tranche of a non-brokered private placement, aiming to raise up to CAD$260,000 by offering 4,000,000 units at CAD$0.065 per unit. The proceeds from this offering will be used for general working capital purposes, potentially impacting the company’s operational flexibility and financial positioning in the natural resources sector.

Wedgemount Resources Closes CAD$540,235 Private Placement

Wedgemount Resources Corp. has successfully closed a non-brokered private placement, raising CAD$540,235 through the issuance of 8,311,317 units at CAD$0.065 per unit. The funds are intended for general working capital purposes, and the securities issued are subject to a hold period until May 27, 2025. This move is part of the company’s strategy to strengthen its financial position and support its ongoing operations in the oil and gas sector.

Wedgemount Resources Strengthens Board with Simon Clarke Appointment

Wedgemount Resources has appointed Simon Clarke to its Board of Directors, bringing his extensive experience in energy, mining, and energy technology sectors. Clarke’s track record includes significant roles in Osum Oil Sands Corp. and American Lithium Corp., where he contributed to substantial growth and market positioning. His expertise is expected to be invaluable as Wedgemount embarks on its growth journey in the oil and gas industry.