Eloro Resources (ELO) AI Stock Analysis

• Market Cap: C$72.67M
• Dividend Yield: N/A
• Average Volume (3M): 66.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.92
• Revenue Growth: N/A
• EPS Growth: 13.39%
• Country: CA
• Employees: 15
• Sector: Basic Materials
• Sector Strength: 65
• Industry: Mining
• EPS (TTM): -0.13
• Shares Outstanding: 84,494,520
• 10 Day Avg. Volume: 65,500
• 30 Day Avg. Volume: 65,998
• 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: 7791.50
• 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 is currently struggling due to its precarious financial position, characterized by zero revenue and negative cash flows, which significantly impacts its stock score. While recent corporate developments are promising, they have yet to translate into financial stability or positive market momentum. Technical indicators further reflect bearish sentiment, contributing to the 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 exhibits significant financial distress, with zero revenue and increasing losses impacting its financial sustainability. The company maintains a strong equity base with minimal leverage, but negative cash flows and reliance on external funding pose substantial risks.

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
1.49M	4.06M	8.83M	9.45M	28.31M	44.67K
	Total Assets
59.49M	59.36M	58.49M	37.90M	37.81M	5.30M
	Total Debt
99.97K	133.95K	176.59K	216.27K	33.97K	76.83K
	Net Debt
-1.11M	-3.28M	-8.63M	-9.22M	-28.23M	61.41K
	Total Liabilities
1.01M	2.45M	1.87M	1.24M	1.61M	561.04K
	Stockholders Equity
58.48M	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: 0.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.86 is below the 20-day moving average (MA) of 0.98, below the 50-day MA of 1.00, and below the 200-day MA of 1.05, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of 20.39 is Neutral, 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	$70.51B	27.34	9.42%	1.62%	26.99%	-6.63%
LUN	70 Outperform	$10.70B	25.63	0.24%	3.08%	-2.71%	-188.94%
BTO	54 Neutral	$4.96B	―	-18.54%	6.17%	-4.17%	-318.18%
IVN	50 Neutral	$17.64B	55.77	5.25%	―	―	-33.54%
Sector *	46 Neutral	$2.64B	-3.82	-29.96%	3.28%	2.83%	-29.39%
ELO	33 Underperform	C$72.67M	―	-17.56%	―	―	13.39%
GNG	28 Underperform	C$1.65M	―	-147.05%	―	―	-399.62%

Eloro Resources Corporate Events

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.

Eloro Resources Unveils Promising Assay Results from Iska Iska Project in Bolivia

Eloro Resources Ltd. has announced further assay results from its definition drilling program at the Iska Iska silver-tin polymetallic project in Bolivia. The results demonstrate strong zones of mineralization, with high-grade silver and tin, enhancing the company’s potential mining operations. This program aims to better define mineral resource models, expand high-grade mineralization, and provide samples for metallurgical testing, thereby potentially improving Eloro’s position in the mining industry and offering significant opportunities for stakeholders.