Athena Silver (AHNR) AI Stock Analysis

• Market Cap: $7.21M
• Dividend Yield: N/A
• Average Volume (3M): 42.08K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.43
• Revenue Growth: N/A
• EPS Growth: -120.00%
• Country: US
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 194,803,630
• 10 Day Avg. Volume: 29,586
• 30 Day Avg. Volume: 42,083
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -45.30
• 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

Athena Silver's overall stock score reflects significant financial weaknesses, primarily due to zero revenue and continuous losses. Despite positive corporate events and exploration prospects, the negative cash flows and weak technical indicators weigh heavily on the stock's attractiveness. The potential growth from recent discoveries is a positive but secondary factor, given the company's current financial challenges.

Athena Silver Business Overview & Revenue Model

Company Description

Athena Gold Corporation, an exploration stage company, engages in the acquisition and exploration of mineral resources in the United States. Its flagship property is its 100% owned the Excelsior Springs project comprising 2 EX and 88 ES contiguous and unpatented lode mining claims covering an area of approximately 2,884 acres; two patented claims covering an area of 40 acres; and ten ES claims covering 202 acres located in Esmeralda County, Nevada. The company was formerly known as Athena Silver Corporation and changed its name to Athena Gold Corporation in January 2021. Athena Gold Corporation was incorporated in 2003 and is based in Vacaville, California.

How the Company Makes Money

Athena Silver makes money through its exploration activities, with the ultimate goal of discovering commercially viable silver deposits. Revenue generation primarily occurs upon successful identification and subsequent sale or partnership development of these mineral properties. The company may also engage in joint ventures or strategic alliances with other mining companies, sharing exploration and development costs while benefiting from shared revenue from successful projects. Additionally, Athena Silver may raise capital through the issuance of equity or debt to finance its exploration and development activities until reaching production stages.

Athena Silver Financial Statement Overview

Summary

Athena Silver's financial performance is weak due to zero revenue generation and continuous operational losses. Although the balance sheet shows a strong equity position, the lack of revenue and negative cash flows highlight significant operational inefficiencies and potential liquidity issues.

Income Statement

Athena Silver has reported no revenue across all periods, which is a significant concern. The consistent negative EBIT and net income indicate ongoing operational losses. The lack of revenue growth and negative profit margins are major weaknesses.

Balance Sheet

The balance sheet shows a strong equity position with a high equity ratio, indicating financial stability. However, the company has no revenue, impacting its ability to cover liabilities. The debt-to-equity ratio is very low, which is positive, but the overall financial health is reliant on equity rather than operational performance.

Cash Flow

The company consistently reports negative free cash flow and operating cash flow, suggesting poor cash generation from operations. This is a critical weakness. However, the financing cash flow is positive, indicating reliance on external financing. The cash flow to net income ratios are concerning due to persistent negative values.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-525.47K	-783.59K	-1.30M	-752.46K	-277.11K	-155.27K
	EBITDA
-263.94K	1.40M	0.00	0.00	-277.11K	-92.08K
	Net Income Common Stockholders
-387.67K	612.75K	-67.08K	-1.04M	-543.03K	-377.23K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
40.39K	2.81K	15.07K	72.82K	8.99K	117.00
	Total Assets
220.16K	6.74M	6.24M	6.12M	158.99K	185.41K
	Total Debt
527.09K	0.00	106.21K	0.00	43.95K	2.25M
	Net Debt
486.70K	-2.81K	91.14K	-72.82K	34.96K	2.25M
	Total Liabilities
1.19M	423.16K	1.28M	1.07M	244.68K	3.07M
	Stockholders Equity
-965.06K	6.32M	4.96M	5.05M	-85.70K	-2.88M
Cash Flow		Free Cash Flow
-327.20K	-696.22K	-956.05K	-656.64K	-197.44K	-140.82K
	Operating Cash Flow
-282.20K	-696.22K	-926.83K	-656.64K	-197.44K	-140.82K
	Investing Cash Flow
0.00	0.00	-29.21K	0.00	0.00	0.00
	Financing Cash Flow
225.25K	683.95K	898.30K	720.48K	208.88K	136.95K

Athena Silver Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AHNR, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.72 is Neutral, neither overbought nor oversold. The STOCH value of 62.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AHNR.

Athena Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMID	66 Neutral	$167.52M	24.73	17.55%	―	32.40%	1034.04%
CLW	63 Neutral	$395.82M	33.74	-5.11%	―	-10.55%	-203.13%
FSI	61 Neutral	$47.68M	15.71	8.30%	―	-0.23%	9.23%
MUX	57 Neutral	$418.53M	3.61	-8.76%	―	4.96%	-182.95%
Sector *	49 Neutral	$1.96B	-1.42	-21.96%	3.81%	0.71%	-27.38%
AHNR	38 Underperform	$7.21M	―	-6.70%	―	―	-120.00%
AREC	35 Underperform	$88.26M	―	63.45%	―	-98.13%	-444.28%

Athena Silver Corporate Events

Athena Silver Reports High-Grade Silver Discovery

On January 23, 2025, Athena Gold Corporation announced initial results from its fall 2024 prospecting and sampling program at the Excelsior Springs project in Nevada. The company reported high-grade silver values from surface grab samples, including 6,630 g/t Ag from the Blue Dick area, indicating a significant opportunity for exploration as the area has not been historically drilled. The discovery enhances Athena’s exploration potential and positions the company for future growth in the precious metals sector.

Athena Silver Raises Funds for Exploration and Growth

Athena Gold Corporation has successfully closed the third and final tranche of a non-brokered private placement, raising a total of CDN$1,054,000 through the issuance of 2,620,000 Units at CDN$0.05 per Unit. The proceeds will be used for exploration work on its projects in Nevada and Ontario, as well as for general corporate purposes, supporting its plans for aggressive exploration and potential company restructuring.

Athena Silver Expands Funding for Exploration Projects

Athena Gold Corporation has increased its private placement offering to CAD $1.25 million, issuing 6.46 million units at CAD $0.05 each, raising CAD $323,000 in the second tranche. This funding will support exploration at their Excelsior Springs Project in Nevada and newly acquired properties in Ontario. Athena’s strategic moves reflect its commitment to mineral exploration, targeting significant gold deposits across North America.

Athena Silver Announces Promising Gold Findings in Ontario

Athena Gold Corporation has announced promising high-grade gold findings from its Laird Lake project in Ontario’s Red Lake Gold District, a region notable for gold production. The newly acquired 4,158-hectare project shows potential after initial surface sampling revealed significant gold mineralization along the Balmer-Confederation contact. With plans for further exploration and drilling, Athena aims to tap into this underexplored area, potentially yielding lucrative opportunities for investors interested in the gold market.