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Canter Resources Corp
(CRC)
Canter Resources Corp (CRC) vs. S&P 500 (SPY)
Canter Resources Corp Business Overview & Revenue Model
Canter Resources Corp Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| 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 |
| -911.61K | -1.36M | 79.31K | -164.61K | -29.48K | -6.74K | EBITDA |
| -1.48M | -2.22M | 79.31K | -164.61K | -29.48K | -6.74K | Net Income Common Stockholders |
| -2.33M | -2.22M | -323.97K | -164.61K | -29.48K | -6.74K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 769.31K | 1.96M | 4.28K | 220.30K | 204.59K | 60.30K | Total Assets |
| 17.88M | 18.17M | 60.34K | 391.74K | 204.59K | 60.30K | Total Debt |
| 0.00 | 0.00 | 0.00 | 10.00K | 10.00K | 0.00 | Net Debt |
| -769.31K | -1.96M | -4.28K | -210.30K | -194.59K | -60.30K | Total Liabilities |
| 122.17K | 156.64K | 38.81K | 60.74K | 23.98K | ― | Stockholders Equity |
| 17.76M | 18.01M | 21.54K | 331.01K | 180.62K | 58.31K |
| Cash Flow | Free Cash Flow | ||||
| -3.36M | -2.55M | -216.03K | -214.29K | -17.50K | -4.75K | Operating Cash Flow |
| -2.09M | -1.89M | -109.63K | -174.47K | -17.50K | -4.75K | Investing Cash Flow |
| -1.11M | -665.03K | -106.40K | -99.82K | 0.00 | 0.00 | Financing Cash Flow |
| 199.94K | 4.54M | 0.00 | 290.00K | 161.79K | 0.00 |
Canter Resources Corp Technical Analysis
Canter Resources Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
48 Neutral | $1.91B | -1.66 | -22.29% | 3.86% | 0.68% | -27.44% | |
48 Neutral | C$2.73M | ― | -12.97% | ― | ― | -117.22% | |
44 Neutral | C$39.36M | ― | -55.36% | ― | ― | 41.78% | |
42 Neutral | $45.77M | ― | -16.38% | ― | 36.99% | -153.27% | |
39 Underperform | C$15.18M | ― | -349.78% | ― | ― | -184.91% | |
38 Underperform | $12.22M | ― | -38.12% | ― | -26.28% | -148.87% |
Canter Resources Corp Corporate Events
Canter Resources Corp. has appointed Warwick Smith as Executive Chairman, leveraging his extensive experience in corporate finance and mergers and acquisitions to enhance the company’s growth strategy. Smith’s leadership is expected to strengthen Canter’s strategic partnerships and positioning in the critical metals sector, particularly as the company advances its Columbus Lithium-Boron Project, aiming to become a prominent North American critical metals company.
Spark’s Take on TSE:CRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CRC is a Underperform.
Canter Resources Corp’s stock score reflects significant financial challenges, typical of a pre-revenue exploration company. While the company benefits from a strong equity position and positive corporate developments, the lack of revenue, negative cash flow, and bearish technical indicators weigh heavily on its overall score. Speculative valuation adds further risk, making the stock a high-risk investment at this stage.
To see Spark’s full report on TSE:CRC stock, click here.
Canter Resources Corp has provided updates on its operations and commented on the potential impact of tariffs on the lithium and boron markets. With tariffs potentially increasing costs for industries reliant on imports, Canter anticipates a boost in domestic investment in critical mineral projects, such as its Columbus Lithium-Boron Project in Nevada. This project is strategically located near Ioneer’s Rhyolite Ridge, which recently received significant U.S. Department of Energy funding. The company aims to capitalize on the growing demand for lithium and boron, essential for various advanced technologies, and is positioning itself to benefit from increased U.S. policy focus and investment in domestic supply chains.
Spark’s Take on TSE:CRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CRC is a Neutral.
Canter Resources Corp faces significant financial challenges due to its pre-revenue stage and reliance on external funding. While the absence of debt and positive corporate events indicate potential, the stock’s current bearish technical signals and speculative valuation weigh heavily on its overall score.
To see Spark’s full report on TSE:CRC stock, click here.
Canter Resources Corp. has received approval from the Bureau of Land Management for its amended Notice of Intent, allowing the company to expand its drilling program at the Columbus Lithium-Boron Project in Nevada. This approval enables Canter to explore deeper and more extensive lithium-boron mineralization, enhancing its exploration model by targeting key structural features and potential brine reservoirs. The company is also engaging with contractors and potential strategic partners to accelerate the drilling process, potentially impacting its operational capabilities and market positioning.
Spark’s Take on TSE:CRC Stock
According to Spark, TipRanks’ AI Analyst, (TSE:CRC) is a Neutral.
Canter Resources Corp’s overall stock score reflects significant financial challenges due to its pre-revenue stage and reliance on external funding. While the company maintains a strong equity position with no debt, the lack of revenue and negative cash flow are critical issues. Technical analysis indicates bearish momentum, and the valuation is speculative without earnings. Positive corporate events highlight project development but do not yet translate to financial performance improvement.
To see Spark’s full report on (TSE:CRC) stock, click here.
Canter Resources Corp, in partnership with Sunstone Environmental Solutions, has submitted an amended Notice of Intent to the Bureau of Land Management for its Columbus Lithium-Boron Project. This amendment, which includes additional drill sites and comprehensive 3D modeling, signifies a step forward in the company’s exploration efforts, aiming to advance the project towards deeper drilling stages while maintaining environmental compliance.
Canter Resources Corp. has engaged Sunstone Environmental Solutions to assist with an amended Notice of Intent for its Columbus Lithium-Boron Project. This collaboration highlights Canter’s commitment to environmental compliance and operational efficiency as they explore additional high-priority drill sites identified through updated 3D modeling. The new targets offer significant opportunities to enhance understanding of mineralized zones, and the amendment ensures regulatory compliance as exploration progresses.
Canter Resources Corp has successfully completed an updated 3D geological and geophysical model for its Columbus Lithium-Boron Project in Nevada. This advancement enhances the understanding of the basin’s structural and lithological controls, positioning the project as a significant exploration target. The model integrates extensive seismic surveys, hybrid-source audio-magnetotellurics, gravity and magnetics datasets, and historical data to identify key zones for lithium brine exploration, potentially impacting the company’s operations and increasing its competitiveness in the mineral exploration industry.