Eloro Resources (ELO) AI Stock Analysis

• Market Cap: C$75.20M
• Dividend Yield: N/A
• Average Volume (3M): 152.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.97
• Revenue Growth: N/A
• EPS Growth: 13.39%
• Country: CA
• Employees: 35
• Sector: Basic Materials
• Sector Strength: 52
• Industry: Gold
• EPS (TTM): -0.13
• Shares Outstanding: 84,494,520
• 10 Day Avg. Volume: 252,242
• 30 Day Avg. Volume: 152,690
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -37.00
• P/FCF Ratio: 10735.00
• 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

Eloro Resources faces acute financial challenges with no revenue and increasing losses, significantly weighing down its overall stock score. While corporate events indicate potential long-term project value, current technical and valuation metrics suggest caution. The stock's high-risk profile, due to financial instability and reliance on external funding, results in a low overall score.

Eloro Resources Business Overview & Revenue Model

Company Description

Eloro Resources Ltd. is a Canadian-based mining and exploration company focused on developing precious and base metal properties. The company primarily operates in the mining and metals sector, with a particular emphasis on exploring and advancing mineral properties in Latin America, especially Bolivia and Peru. Eloro's core projects include the Iska Iska polymetallic project in Bolivia, which is a major focus due to its potential for silver, tin, and other metals.

How the Company Makes Money

Eloro Resources generates revenue primarily through the exploration and development of mineral properties. The company aims to increase the value of its projects by advancing them through various stages of exploration, including drilling and resource estimation. Revenue streams are primarily derived from the sale or joint ventures of these properties once they have been sufficiently developed to attract larger mining companies or investors. Additionally, Eloro may engage in equity financing and strategic partnerships to fund its exploration activities, which can contribute to its financial stability and growth potential. The success of these ventures is heavily dependent on the global demand for the metals they are exploring, as well as the company's ability to efficiently manage exploration and development costs.

Eloro Resources Financial Statement Overview

Summary

Eloro Resources is in a precarious financial position due to the absence of revenue, sustained losses, and negative cash flows. While the company has low debt levels, its inability to generate income from operations suggests a high-risk profile. Without revenue or profit growth, the company relies heavily on financing, which may not be sustainable long-term.

Income Statement

Eloro Resources has reported zero revenue consistently, indicating no sales or production income. This lack of revenue coupled with increasing losses, as seen in the negative net income and EBIT, highlights significant financial distress. The absence of revenue growth and negative profit margins suggest the company struggles to cover its operational costs, impacting its sustainability.

Balance Sheet

The company maintains a strong equity base with an equity ratio of over 90%, indicating minimal leverage and reliance on debt. However, the negative net income has adversely affected the return on equity, which is negative. This imbalance highlights financial instability, despite the low debt levels offering some cushion against financial risk.

Cash Flow

Eloro Resources faces significant cash flow challenges, with consistently negative operating and free cash flows. The high negative free cash flow indicates that the company's operational activities do not generate enough cash to cover capital expenditures, relying heavily on financing activities to sustain operations. This reliance on external funding poses substantial risks to financial health.

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
-44.35K	-44.35K	-44.35K	-43.06K	-42.64K	-42.64K
	EBIT
-1.83M	-10.31M	-7.77M	-7.05M	-4.61M	-1.17M
	EBITDA
-10.43M	-16.95M	-8.07M	-7.00M	-4.57M	-1.22M
	Net Income Common Stockholders
-10.48M	-17.01M	-7.99M	-7.11M	-4.66M	-1.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.06M	4.06M	8.83M	9.45M	28.31M	44.67K
	Total Assets
59.36M	59.36M	58.49M	37.90M	37.81M	5.30M
	Total Debt
133.95K	133.95K	176.59K	216.27K	33.97K	76.83K
	Net Debt
-3.28M	-3.28M	-8.63M	-9.22M	-28.23M	61.41K
	Total Liabilities
2.45M	2.45M	1.87M	1.24M	1.61M	561.04K
	Stockholders Equity
56.91M	56.91M	56.62M	36.66M	36.20M	4.74M
Cash Flow		Free Cash Flow
-7.11M	-14.68M	-23.67M	-20.47M	-4.39M	-852.91K
	Operating Cash Flow
-1.86M	-2.42M	-3.81M	-3.33M	-371.04K	-462.23K
	Investing Cash Flow
-5.41M	-13.06M	-20.24M	-17.39M	-4.01M	-79.00K
	Financing Cash Flow
7.04M	9.87M	23.34M	1.83M	32.62M	567.60K

Eloro Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.89
• 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:ELO, the sentiment is Negative. The current price of 0.89 is below the 20-day moving average (MA) of 1.06, below the 50-day MA of 1.04, and below the 200-day MA of 1.01, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.15 is Neutral, neither overbought nor oversold. The STOCH value of 4.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ELO.

Eloro Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AEM	80 Outperform	$75.47B	28.74	9.42%	1.59%	26.99%	-6.63%
BTO	66 Neutral	$5.37B	―	-18.54%	5.28%	-0.18%	-2195.85%
LUN	61 Neutral	$9.02B	25.63	0.24%	4.04%	-2.71%	-188.94%
IVN	48 Neutral	$16.43B	51.97	5.25%	―	―	-33.54%
Sector *	47 Neutral	$2.43B	-2.83	-21.77%	3.74%	4.16%	-28.83%
ELO	39 Underperform	C$75.20M	―	-17.56%	―	―	13.39%
GNG	37 Underperform	C$1.15M	―	-147.05%	―	―	-399.62%

Eloro Resources Corporate Events

Eloro Resources Secures C$5.3 Million for Iska Iska Project

Eloro Resources Ltd. announced the successful closing of a brokered private placement, raising C$5.3 million. The funds will be used for the continued exploration and development of the Iska Iska project in Bolivia, as well as for general corporate purposes and working capital. This move is expected to bolster Eloro’s financial position and support its strategic focus on advancing its mining projects, potentially enhancing its market positioning and stakeholder value.

Spark’s Take on TSE:ELO Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELO is a Underperform.

Eloro Resources faces significant financial challenges with no revenue and sustained losses, which heavily weigh on its financial performance. While corporate events have shown promising developments with potential long-term value from the Iska Iska project, the current financial instability and bearish technical indicators limit the stock’s attractiveness. Potential investors should be cautious due to the high-risk profile and reliance on external funding.

To see Spark’s full report on TSE:ELO stock, click here.

Eloro Resources’ Oversubscribed Private Placement to Boost Bolivian Project

Eloro Resources Ltd. has announced that its brokered private placement is oversubscribed, with plans to raise up to C$5 million through the sale of units consisting of common shares and warrants. The funds will be used for the continued exploration and development of the Iska Iska project in Bolivia, as well as for general corporate purposes and working capital. The offering is expected to close on April 8, 2025, subject to necessary approvals, and highlights the strong investor interest in Eloro’s exploration activities.

Eloro Resources Launches C$5 Million Private Placement for Bolivian Project

Eloro Resources Ltd. has announced a brokered private placement to raise up to C$5 million through the sale of units, each consisting of one common share and one-half of a common share purchase warrant. The funds will be used for the continued exploration and development of the Iska Iska project in southern Bolivia, as well as for general corporate purposes and working capital. This strategic move is expected to bolster Eloro’s financial position and support its ongoing mining operations, potentially enhancing its market presence in the exploration and development sector.

Eloro Resources Unveils Major Silver Zone Expansion at Iska Iska

Eloro Resources has announced significant findings from its definition diamond drilling program at the Iska Iska deposit in Bolivia, revealing a major expansion of a high-grade silver zone. The latest drilling results from hole DSB-75 have shown the highest grade and longest silver intersection to date, with 151.47 g Ag/t over 135 meters within a broader interval. This discovery suggests a more extensive high-grade silver mineralization than previously estimated, potentially enhancing the project’s value and drawing increased interest from stakeholders.

Eloro Resources Expands Tin Zone at Iska Iska Deposit with Promising Drilling Results

Eloro Resources has announced significant findings from its definition drilling program at the Iska Iska deposit in Bolivia, highlighting a major expansion of a tin zone with notable intersections. The discovery comprises a high-grade tin system alongside a large silver-zinc-lead system, potentially indicating the presence of two world-class deposits on the property. These developments could significantly enhance Eloro’s industry positioning by showcasing the potential for extensive tin and polymetallic resources, potentially impacting stakeholders positively by increasing the project’s value and future prospects.

Eloro Resources Unveils Significant Tin Discovery at Iska Iska Deposit

Eloro Resources has announced promising assay results from its diamond drilling program at the Iska Iska deposit in Bolivia, revealing a significant tin zone with high-grade mineralization. This discovery highlights the potential of two world-class deposits on the same property, with a high-grade tin system positioned next to a large silver-zinc-lead system, enhancing the company’s strategic positioning in the region.