Almadex Minerals (DEX) AI Stock Analysis

• Market Cap: C$13.12M
• Dividend Yield: N/A
• Average Volume (3M): 67.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.57
• Revenue Growth: -100.00%
• EPS Growth: 70.61%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 61,007,942
• 10 Day Avg. Volume: 47,594
• 30 Day Avg. Volume: 67,992
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 339.35
• Price to Cash Flow (P/CF): -12.90
• 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

Almadex Minerals faces significant financial challenges with declining revenues and negative profitability, which weigh heavily on the stock's score. The strong balance sheet and cash reserves provide some stability, but negative cash flows highlight liquidity concerns. Technical indicators suggest moderate strength, but valuation is unattractive with a negative P/E ratio. The potential for enhanced resource base through exploration is a positive yet secondary factor.

Almadex Minerals Business Overview & Revenue Model

Company Description

Almadex Minerals (DEX) is a mineral exploration company that focuses on discovering and developing high-quality mineral resources. The company is engaged in the exploration of gold, silver, and copper properties across North America. Almadex Minerals leverages its extensive industry experience and innovative exploration techniques to identify prospective mineral deposits, aiming to create value for its shareholders through the development of economically viable mining projects.

How the Company Makes Money

Almadex Minerals makes money primarily through the acquisition and exploration of mineral properties, which are then either developed into mines or sold to larger mining companies. The company's revenue model includes generating income from option agreements, royalties, and the sale of its exploration properties. Almadex often enters strategic partnerships or joint ventures with other mining companies to share exploration risks and costs. These partnerships can also provide Almadex with additional funding and expertise, which are crucial for advancing exploration projects. By maintaining a diversified portfolio of mineral assets, Almadex aims to capitalize on rising commodity prices and successful exploration outcomes to enhance its profitability.

Almadex Minerals Financial Statement Overview

Summary

Almadex Minerals faces financial challenges with declining revenues and profitability. The income statement reflects a negative gross profit margin and unprofitable operations. The balance sheet is strong, with no debt and high equity, but consistent financial losses pose long-term risks. Cash flow shows negative operating and free cash flow, though cash reserves remain substantial.

Income Statement

The company has experienced a significant decline in total revenue over the TTM, with a negative gross profit margin. The net profit margin is also negative, indicating unprofitable operations. However, there was a strong revenue growth in 2022, followed by a sharp decline in 2023. Overall, the income statement reflects a challenging financial performance with little indication of immediate recovery.

Balance Sheet

The balance sheet is strong with no debt, resulting in a favorable debt-to-equity ratio. The company maintains a high equity ratio, indicating strong financial stability. Stockholders' equity remains high relative to total assets, though there has been a slight decrease. While equity levels are robust, the consistent financial losses may pose a risk over time.

Cash Flow

The cash flow statement shows negative operating cash flow and free cash flow in the TTM, reflecting cash outflows that could pressure liquidity. However, the company has maintained substantial cash reserves, which is a positive indicator. The free cash flow growth rate has been volatile, with significant declines in recent periods.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
-180.26K	602.56K	6.93M	2.11M	455.14K	867.90K
	Gross Profit
-897.15K	252.74K	6.01M	1.90M	212.26K	649.41K
	EBIT
-2.26M	-2.18M	1.79M	-335.43K	-385.77K	-79.94K
	EBITDA
-2.53M	-2.94M	2.02M	-400.31K	-455.88K	-16.27K
	Net Income Common Stockholders
-410.55K	-2.94M	3.22M	12.04M	-7.57M	-1.09M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.99M	17.32M	19.48M	19.05M	6.48M	6.06M
	Total Assets
19.16M	26.39M	28.44M	25.92M	12.18M	18.41M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-5.63M	-16.22M	-18.40M	-17.22M	-5.20M	-5.04M
	Total Liabilities
277.50K	590.34K	443.57K	1.19M	102.47K	141.53K
	Stockholders Equity
18.88M	25.80M	28.00M	24.73M	12.07M	18.27M
Cash Flow		Free Cash Flow
-3.68M	-2.13M	1.18M	-754.11K	-1.19M	-1.32M
	Operating Cash Flow
-1.29M	-873.50K	3.36M	222.52K	-744.75K	-20.29K
	Investing Cash Flow
-2.41M	-1.26M	-2.17M	11.79M	-414.19K	-1.26M
	Financing Cash Flow
0.00	-41.75K	-10.13K	0.00	1.32M	8.10K

Almadex Minerals Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DEX, the sentiment is Neutral. The current price of 0.22 is below the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.21, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.71 is Neutral, neither overbought nor oversold. The STOCH value of 14.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:DEX.

Almadex Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DEX	55 Neutral	C$13.12M	―	-1.51%	―	-100.00%	70.61%
Sector *	47 Neutral	$2.32B	-2.83	-21.67%	3.65%	4.83%	-28.82%
NVO	36 Underperform	C$33.69M	―	-145.85%	―	―	―
VRR	34 Underperform	$2.67M	―	-102.06%	―	―	8.65%

Almadex Minerals Corporate Events

Almadex Minerals Updates on Western USA Exploration Progress and Future Plans

Almadex Minerals has provided an update on its exploration results from 2024 and plans for 2025 across its projects in the western USA. In 2024, the company advanced its projects through detailed geological mapping, sampling, and geophysical surveys, revealing promising indications of porphyry mineralization in its New Hope, Paradise, and Pilot Mountain prospects. With permits in place, Almadex plans further exploration activities, including additional soil sampling, geophysical surveys, and drilling, positioning the company to potentially enhance its resource base and market standing.

Almadex Minerals Advances Exploration Efforts in Nevada

Almadex Minerals has completed a drill hole at its Paradise-Davis Project in Nevada despite challenging conditions and plans to conduct geophysical surveys to better define future exploration targets. The company continues to explore its copper-gold targets with geophysical surveys intended to refine drill targets for potential future programs.

Almadex Begins Drilling at Nevada’s Sinter Zone

Almadex Minerals Ltd. has initiated a diamond drilling program at the Sinter Zone of the Paradise-Davis Project in Nevada, targeting high-potential gold and silver-bearing epithermal systems. This exploration effort represents Almadex’s ongoing commitment to expanding its mineral portfolio in North America.