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Kore Mining Ltd (TSE:KORE)
:KORE

Kore Mining Ltd (KORE) AI Stock Analysis

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Kore Mining Ltd

(KORE)

42Neutral
Kore Mining Ltd's stock is significantly impacted by its weak financial performance, characterized by consistent losses, negative cash flow, and a weak balance sheet. While there is some technical momentum, the high Stochastic indicator suggests caution. The negative P/E ratio further underscores unprofitability concerns, resulting in a below-average overall score.

Kore Mining Ltd (KORE) vs. S&P 500 (SPY)

Kore Mining Ltd Business Overview & Revenue Model

Company DescriptionKore Mining Ltd (KORE) is a mineral exploration and development company focused on advancing its portfolio of gold projects in North America. The company primarily operates in the mining sector, with a particular emphasis on exploring and developing mineral resources to create value through the discovery and development of gold deposits. Kore Mining Ltd aims to leverage its expertise in exploration and development to bring its projects from exploration through feasibility and potentially into production.
How the Company Makes MoneyKore Mining Ltd makes money primarily through the exploration and development of mineral resources, specifically gold. The company's revenue model is centered around increasing the value of its gold projects through successful exploration and development activities. Key revenue streams include the potential sale of mineral properties, joint ventures, or partnerships with other mining companies that may provide funding or operational support in exchange for a stake in the projects. Additionally, as projects advance and reach production stages, the company may generate revenue through the sale of extracted gold. Significant factors contributing to its earnings include the successful exploration results, favorable gold market conditions, and strategic partnerships or agreements with other industry players that can provide both financial and operational support.

Kore Mining Ltd Financial Statement Overview

Summary
Kore Mining Ltd faces significant financial challenges, with consistent losses and a weak balance sheet. The absence of revenue and negative cash flow from operations underscore the company's reliance on external financing. The overall financial condition suggests high risk and potential liquidity issues.
Income Statement
20
Very Negative
Kore Mining Ltd has no revenue, and its financials reflect significant negative margins across all metrics. The company reported substantial negative EBIT and net income, indicating persistent losses. The lack of revenue growth and continued negative profit margins highlight financial challenges.
Balance Sheet
30
Negative
The balance sheet shows a heavy reliance on equity financing, with a relatively high debt-to-equity ratio increasing over time. The company's equity ratio is declining, indicating a shrinking asset base relative to equity. The financial position shows vulnerabilities with increasing liabilities and decreasing equity.
Cash Flow
25
Negative
Kore Mining Ltd has struggled with negative operating cash flow and free cash flow, pointing to cash deficiencies in core operations. The free cash flow has slightly improved but remains negative, and the company relies heavily on financing activities to cover its cash needs.
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-42.54K-105.03K-192.22K-125.98K-20.29K0.00
EBIT
-540.30K-1.55M-4.20M369.56K-9.11M-6.02M
EBITDA
-688.86K-1.44M-4.00M447.51K-9.17M-1.79M
Net Income Common Stockholders
-765.23K-1.56M-4.22M295.37K-9.20M-1.79M
Balance SheetCash, Cash Equivalents and Short-Term Investments
30.62K22.21K743.34K3.59M4.91M3.13M
Total Assets
2.17M2.13M3.32M6.21M8.38M4.87M
Total Debt
0.00314.37K78.34K215.66K106.15K0.00
Net Debt
-30.62K292.16K-665.00K-3.38M-4.80M-3.13M
Total Liabilities
1.48M841.41K751.19K961.35K1.44M707.36K
Stockholders Equity
697.02K1.29M2.57M5.25M6.94M4.17M
Cash FlowFree Cash Flow
-211.56K-1.01M-3.49M-8.37M-10.28M-4.15M
Operating Cash Flow
-211.56K-1.01M-3.49M-8.26M-8.62M-4.00M
Investing Cash Flow
0.000.000.00-229.00K-1.66M2.35M
Financing Cash Flow
66.03K216.55K616.50K7.18M11.96M4.78M

Kore Mining Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.04
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Positive
200DMA
0.03
Positive
Market Momentum
MACD
<0.01
Positive
RSI
54.41
Neutral
STOCH
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KORE, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.41 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:KORE.

Kore Mining Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSSSL
70
Outperform
$2.69B138.151.00%0.91%0.80%137.87%
TSNGD
66
Neutral
$3.51B26.4911.14%18.32%
47
Neutral
$2.61B-3.78-28.62%3.34%2.54%-30.57%
42
Neutral
C$8.10M-63.28%59.57%
TSSEA
38
Underperform
$1.62B-1.59%63.45%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:KORE
Kore Mining Ltd
0.04
-0.02
-33.33%
TSE:SSL
Sandstorm Gold
9.30
2.53
37.37%
TSE:SEA
Seabridge Gold
16.82
-1.36
-7.48%
TSE:NGD
New Gold
4.66
2.36
102.61%

Kore Mining Ltd Corporate Events

Kore Mining Announces $1 Million Private Placement
Nov 1, 2024

Kore Mining Ltd. is launching a private placement to raise up to $1 million through the sale of 25 million units, consisting of common shares and purchase warrants. The funds will support the company’s exploration and permitting efforts in California, as well as general corporate purposes. Existing shareholders and accredited investors can participate, subject to certain conditions and exemptions.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.