Kore Mining Ltd (KORE) AI Stock Analysis

• Market Cap: C$7.08M
• Dividend Yield: N/A
• Average Volume (3M): 42.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: N/A
• EPS Growth: 59.57%
• Country: CA
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Mining
• EPS (TTM): >-0.01
• Shares Outstanding: 202,426,360
• 10 Day Avg. Volume: 18,808
• 30 Day Avg. Volume: 42,785
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -78.30
• 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

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 Business Overview & Revenue Model

Company Description

Kore 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 Money

Kore 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

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

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

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
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-42.54K	-105.03K	-192.22K	-125.98K	-20.29K	0.00
	EBIT
-540.30K	-1.55M	-4.20M	369.56K	-9.11M	-6.02M
	EBITDA
-688.86K	-1.44M	-4.00M	447.51K	-9.17M	-1.79M
	Net Income Common Stockholders
-765.23K	-1.56M	-4.22M	295.37K	-9.20M	-1.79M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
30.62K	22.21K	743.34K	3.59M	4.91M	3.13M
	Total Assets
2.17M	2.13M	3.32M	6.21M	8.38M	4.87M
	Total Debt
0.00	314.37K	78.34K	215.66K	106.15K	0.00
	Net Debt
-30.62K	292.16K	-665.00K	-3.38M	-4.80M	-3.13M
	Total Liabilities
1.48M	841.41K	751.19K	961.35K	1.44M	707.36K
	Stockholders Equity
697.02K	1.29M	2.57M	5.25M	6.94M	4.17M
Cash Flow		Free 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
0.00	0.00	0.00	-229.00K	-1.66M	2.35M
	Financing Cash Flow
66.03K	216.55K	616.50K	7.18M	11.96M	4.78M

Kore Mining Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSL	70 Outperform	$2.65B	133.89	1.00%	0.94%	0.80%	137.87%
NGD	66 Neutral	$3.43B	24.62	11.14%	―	18.32%	―
Sector *	47 Neutral	$2.64B	-3.85	-29.39%	3.32%	2.72%	-29.67%
KORE	42 Neutral	C$7.08M	―	-63.28%	―	―	59.57%
SEA	38 Underperform	$1.59B	―	-1.59%	―	―	63.45%

Kore Mining Ltd Corporate Events

Kore Mining Announces $1 Million Private Placement

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.