Aston Bay Holdings (BAY) AI Stock Analysis

• Market Cap: C$11.38M
• Dividend Yield: N/A
• Average Volume (3M): 126.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: N/A
• EPS Growth: -184.91%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 75
• Industry: Mining
• EPS (TTM): -0.01
• Shares Outstanding: 252,949,630
• 10 Day Avg. Volume: 130,449
• 30 Day Avg. Volume: 126,827
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): 3.40
• P/FCF Ratio: 3.40
• 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

Aston Bay Holdings' stock score is heavily impacted by its weak financial performance, with significant challenges in revenue generation and profitability. The technical analysis indicates bearish trends, but the stock is near oversold levels, which may attract speculative interest. The valuation is poor due to negative earnings, but the recent positive corporate event regarding the Storm Copper Project offers a glimmer of hope for future potential growth. Overall, the stock is risky, with cautious optimism for long-term prospects depending on successful project developments.

Aston Bay Holdings Business Overview & Revenue Model

Company Description

Aston Bay Holdings Ltd. is a Canadian mineral exploration company focused on the discovery and development of base metal and precious metal deposits. The company primarily operates in the resource-rich regions of Canada, engaging in the exploration and potential development of copper and zinc projects, with a particular emphasis on their Storm Copper and Seal Zinc projects located in Nunavut.

How the Company Makes Money

Aston Bay Holdings makes money primarily through the exploration and development of mineral resources, aiming to increase the value of their properties to attract investment or potential acquisition by larger mining companies. The company's revenue model involves securing funding through private placements, public offerings, and partnerships to finance their exploration activities. Successful exploration results can lead to increased property valuations, which can be monetized through joint ventures, selling the properties, or obtaining royalties from production. The company also benefits from strategic partnerships and alliances with other mining and exploration companies to share exploration risks and costs.

Aston Bay Holdings Financial Statement Overview

Summary

Aston Bay Holdings faces significant financial challenges. The absence of revenue generation, increasing net losses, and reliance on financing activities indicate a precarious financial situation. The company's balance sheet is weakened by negative equity, and operating inefficiencies are evident in the cash flow statement. These factors highlight the need for strategic improvements to achieve financial stability and growth.

Income Statement

Aston Bay Holdings' income statement shows no revenue generation over the periods analyzed, which is a critical weakness. The company has consistently reported negative EBIT and net income, with increasing losses over time. This trend indicates significant challenges in achieving profitability, resulting in a poor income statement performance.

Balance Sheet

The balance sheet reveals a weak financial position characterized by negative stockholders' equity in most periods, reflecting accumulated losses. The company has managed its debt levels well recently, with a debt-to-equity ratio appearing favorable due to low or zero debt. However, the negative equity and minimal assets highlight financial instability.

Cash Flow

Aston Bay Holdings' cash flow statement shows persistent negative operating cash flow, indicating operational inefficiencies. There is no evidence of free cash flow growth, and cash flow from operations consistently falls short of covering net income. The company relies heavily on financing activities to maintain liquidity, which poses sustainability concerns.

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
-83.33K	-83.33K	-83.33K	0.00	0.00	0.00
	EBIT
-2.87M	-3.08M	-538.23K	-1.68M	-1.41M	-1.88M
	EBITDA
-5.72M	-3.07M	-455.36K	-102.67K	-65.95K	-49.51K
	Net Income Common Stockholders
-3.45M	-3.29M	-725.09K	-1.73M	-1.44M	-1.89M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.75M	552.89K	3.75K	56.39K	19.18K	315.71K
	Total Assets
1.82M	665.23K	203.72K	266.06K	219.96K	536.86K
	Total Debt
0.00	644.78K	715.82K	515.82K	304.48K	0.00
	Net Debt
-1.75M	91.88K	712.07K	459.43K	285.30K	-315.71K
	Total Liabilities
111.45K	1.06M	2.27M	1.59M	705.57K	345.13K
	Stockholders Equity
1.71M	-393.44K	-2.07M	-1.32M	-485.62K	191.73K
Cash Flow		Free Cash Flow
-2.43M	-2.46M	-221.55K	-940.19K	-1.19M	-2.38M
	Operating Cash Flow
-2.43M	-2.46M	-221.55K	-940.19K	-1.19M	-1.42M
	Investing Cash Flow
0.00	0.00	―	0.00	0.00	-961.80K
	Financing Cash Flow
3.34M	3.02M	229.30K	976.38K	881.32K	1.40M

Aston Bay Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BAY, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.64 is Neutral, neither overbought nor oversold. The STOCH value of -16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BAY.

Aston Bay Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$4.80B	18.53	-3.89%	10.14%	6.07%	-19.21%
AMY	43 Neutral	C$13.15M	―	-27.99%	―	―	43.89%
SGC	40 Underperform	C$7.26M	―	-156.70%	―	―	82.35%
FPX	39 Underperform	C$77.05M	―	-4.25%	―	―	48.82%
BAY	38 Underperform	C$11.38M	―	-349.78%	―	―	-184.91%
GNG	37 Underperform	C$1.27M	―	-147.05%	―	―	-399.62%

Aston Bay Holdings Corporate Events

Aston Bay Announces Initial Resource Estimate for Storm Copper Project

Aston Bay Holdings Ltd. has announced an Initial Mineral Resource Estimate for the Storm Copper Project, highlighting six near-surface copper-silver deposits. The project, a joint venture with American West Metals, shows significant potential for low-cost development through open-pit mining, with indicated resources of 8.2 million tonnes and inferred resources of 3.3 million tonnes. The deposits remain open for expansion, and recent discoveries suggest further growth opportunities, enhancing the project’s value and impact on stakeholders.

Aston Bay Holdings Announces CFO Transition Amid Ongoing Exploration Efforts

Aston Bay Holdings has announced the passing of its Chief Financial Officer, Dwight Walker, who had been with the company for nine years and was instrumental in its success. The Board of Directors has appointed Donna McLean as interim CFO, bringing her extensive experience in the mining and exploration sectors to the role. This leadership change comes as Aston Bay continues its exploration efforts in North America, with significant projects underway in Nunavut and Virginia.