Irving Resources (IRV) AI Stock Analysis

• Market Cap: C$18.41M
• Dividend Yield: N/A
• Average Volume (3M): 21.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.68
• Revenue Growth: N/A
• EPS Growth: 50.81%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 76,690,640
• 10 Day Avg. Volume: 9,397
• 30 Day Avg. Volume: 21,574
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): 2.80
• P/FCF Ratio: 5.70
• 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

Irving Resources' overall stock score reflects significant financial challenges, as the company struggles with no revenue generation and consistent losses affecting its valuation and financial stability. Technical indicators are neutral, showing no strong buying momentum. While corporate events suggest positive future exploration outcomes, they do not yet contribute to the financial health or immediate valuation, resulting in a low overall score.

Irving Resources Business Overview & Revenue Model

Company Description

Irving Resources Inc. (IRV) is a junior exploration company focused on the discovery and development of mineral properties. The company primarily operates in the precious metals sector, with a particular emphasis on gold and silver exploration projects. Irving Resources is committed to advancing its portfolio of exploration assets, primarily located in Japan, through strategic partnerships and innovative exploration techniques.

How the Company Makes Money

Irving Resources makes money through the exploration and development of mineral properties with a primary focus on gold and silver. The company generates revenue by identifying and advancing potential mineral-rich sites, which can then be sold, joint-ventured, or developed into operational mines. Significant partnerships, such as those with experienced industry players or local stakeholders, can enhance the value of its projects and lead to potential revenue-generating opportunities. Additionally, Irving Resources may raise funds through equity financing to support its exploration and development activities, although this is primarily for capital rather than direct revenue generation.

Irving Resources Financial Statement Overview

Summary

Irving Resources faces significant financial challenges with no revenue and sustained losses impacting overall financial health. While the balance sheet exhibits low leverage and a strong equity position, cash flow constraints and operational inefficiencies pose risks to future stability and growth.

Income Statement

Irving Resources, operating in the mining industry, has shown no revenue or profit generation in both TTM and annual periods, resulting in negative gross profit and net income. The lack of revenue growth and persistently negative EBIT and EBITDA margins highlight significant operational challenges and inefficiencies.

Balance Sheet

The company maintains a strong equity position with a high equity ratio, indicating a low level of leverage. However, the persistent net losses impact the return on equity, which remains negative. The low debt-to-equity ratio suggests limited financial risk from debt, but the lack of profitability is a concern.

Cash Flow

Operating cash flow has shown improvement in the TTM period but remains inconsistent with negative free cash flow across periods. The company’s cash flow ratios indicate challenges in converting operating activities into cash, with heavy capital expenditures impacting free cash flow sustainability.

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
-163.12K	-167.75K	-218.50K	-125.48K	-112.87K	-57.55K
	EBIT
-1.46M	-1.92M	-2.34M	-2.85M	-4.80M	-3.25M
	EBITDA
-951.84K	-2.02M	-1.22M	-2.69M	-5.24M	-3.25M
	Net Income Common Stockholders
-1.13M	-2.20M	-552.18K	-2.78M	-5.37M	-3.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.62M	4.73M	10.91M	9.69M	8.76M	12.99M
	Total Assets
53.53M	50.16M	49.88M	38.39M	31.60M	27.48M
	Total Debt
122.06K	215.94K	233.21K	119.34K	65.77K	100.11K
	Net Debt
-4.49M	-4.52M	-10.68M	-9.57M	-8.70M	-12.89M
	Total Liabilities
3.26M	608.94K	600.23K	863.65K	847.92K	1.39M
	Stockholders Equity
50.27M	49.55M	49.28M	37.53M	30.75M	26.09M
Cash Flow		Free Cash Flow
-2.82M	-7.58M	-11.15M	-6.68M	-10.74M	-9.98M
	Operating Cash Flow
1.46M	-885.94K	-236.12K	-1.09M	-1.79M	-671.79K
	Investing Cash Flow
-4.28M	-6.69M	-10.92M	-5.59M	-8.67M	-9.30M
	Financing Cash Flow
868.58K	1.40M	11.72M	7.60M	6.23M	16.36M

Irving Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.21
• 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:IRV, the sentiment is Negative. The current price of 0.21 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.25, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.14 is Neutral, neither overbought nor oversold. The STOCH value of 60.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IRV.

Irving Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.92B	-1.52	-22.04%	3.84%	0.67%	-27.41%
RRI	48 Neutral	C$13.09M	―	-10.40%	―	―	-48.31%
PTK	46 Neutral	$416.11M	―	-442.59%	―	-90.88%	-73.60%
IRV	36 Underperform	C$18.41M	―	-2.26%	―	―	50.81%
ELO	35 Underperform	C$85.87M	―	-17.56%	―	―	13.39%
CDB	32 Underperform	C$57.02M	―	-110.18%	―	―	29.90%

Irving Resources Corporate Events

Irving Resources Announces Leadership Changes in Japan Subsidiary

Irving Resources Inc. announced the retirement of Mr. Haruo Harada as a director and president of its subsidiary, Irving Resources Japan GK, with Mr. Harada continuing as an advisor. The company appointed Mr. Takashi Yoshie, an experienced economic geologist, as the new president of Irving Japan, highlighting his significant role in a recent agreement with JX Advanced Metals.

Irving Resources Progresses with Omu Gold Project in Japan

Irving Resources Inc. has announced an update on its exploration activities at the Omu gold project in Hokkaido, Japan. The company, in collaboration with JX Advanced Metals Corporation, drilled a strategically positioned diamond drill hole, encountering extensive quartz veining and silicification. This is part of the company’s vision to transform Omu into a new source of gold-bearing silica flux for Japanese smelters. Encouraged by the initial results, Irving plans to further test the area with additional drilling throughout the year, highlighting a promising start to their exploration efforts.

Irving Resources Advances Exploration at East Yamagano JV Project

Irving Resources Inc. announced updates on its East Yamagano JV project in Kyushu, Japan, revealing mixed results from recent drilling activities. While the second drill hole did not replicate the high-grade gold vein mineralization from a previous hole, it indicated potential for deeper exploration, leading to further drilling plans. The findings suggest the presence of a deeper-rooted vein system, bolstering the company’s exploration strategy in collaboration with partners Newmont and Sumitomo.