Midland Exploration (MD) AI Stock Analysis

• Market Cap: C$30.89M
• Dividend Yield: N/A
• Average Volume (3M): 60.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.02
• Revenue Growth: -48.83%
• EPS Growth: -49.71%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Mining
• EPS (TTM): -0.03
• Shares Outstanding: 93,618,760
• 10 Day Avg. Volume: 64,368
• 30 Day Avg. Volume: 60,541
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 320.00
• Price to Cash Flow (P/CF): -20.60
• 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

Midland Exploration's overall stock score reflects its financial difficulties, with strong equity but negative profitability and cash flow. While technical indicators suggest potential stability, the negative P/E ratio underscores valuation concerns. The positive corporate events offer some optimism, indicating strategic efforts to improve future prospects.

Midland Exploration Business Overview & Revenue Model

Company Description

Midland Exploration Inc. is a Canadian mineral exploration company focused on discovering high-quality base and precious metal deposits in Quebec, Canada. The company operates within the mining sector, engaging in the exploration of gold, platinum group elements, and base metals such as copper and zinc through strategic partnerships and independent projects.

How the Company Makes Money

Midland Exploration makes money primarily through strategic partnerships and joint venture agreements with major mining companies. These partnerships often involve Midland providing exploration expertise and conducting preliminary exploration activities to identify potential mineral deposits. In return, partner companies fund exploration costs, reducing financial risk for Midland. Additionally, Midland retains a stake in any future mining operations, potentially earning royalties or a share of profits if commercially viable deposits are developed. The company may also generate revenue by selling or optioning its mineral claims and properties to other mining companies, further leveraging its exploration successes.

Midland Exploration Financial Statement Overview

Summary

Midland Exploration's financial performance presents significant challenges, with declining revenue and negative profitability margins. Strong equity and low leverage are positives, but the inability to generate positive cash flow and achieve profitability remain considerable risks.

Income Statement

Midland Exploration's financial performance shows declining revenue with inconsistent growth rates and negative profitability margins. The company's Gross Profit Margin is relatively high, indicating effective cost management in core operations. However, the Net Profit Margin remains deeply negative, indicating significant losses. The EBIT and EBITDA margins are both negative, reflecting challenges in covering operational expenses and generating operating income.

Balance Sheet

The company maintains a strong equity base with a low Debt-to-Equity Ratio, suggesting financial stability and low leverage risks. However, the Return on Equity (ROE) is negative, indicating that the company's losses are reducing shareholder value. The Equity Ratio is high, showing a solid proportion of equity financing compared to total assets.

Cash Flow

The cash flow analysis reveals challenges in cash generation and capital expenditure management. Operating Cash Flow is negative, indicating difficulties in generating cash from operations. Free Cash Flow is also negative, reflecting significant cash outflows relative to inflows. The Free Cash Flow to Net Income Ratio is unfavorable, highlighting inefficiencies in converting income into cash.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
168.51K	194.95K	314.97K	210.41K	202.22K	23.75K
	Gross Profit
138.62K	165.06K	285.08K	180.52K	172.33K	-6.14K
	EBIT
-989.90K	0.00	-1.55M	-1.50M	-1.33M	-1.67M
	EBITDA
-2.11M	-1.91M	-1.52M	-1.55M	-1.59M	-1.89M
	Net Income Common Stockholders
-2.26M	-1.95M	-1.11M	-1.90M	-1.02M	-1.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.83M	4.78M	4.96M	6.41M	7.43M	11.02M
	Total Assets
42.68M	41.22M	41.66M	39.22M	39.92M	38.89M
	Total Debt
7.51K	16.61K	51.11K	82.41K	110.75K	136.15K
	Net Debt
-3.22M	-1.57M	-2.40M	-1.81M	-1.38M	-1.17M
	Total Liabilities
1.76M	1.70M	1.88M	921.93K	1.57M	1.39M
	Stockholders Equity
40.91M	39.52M	39.78M	38.29M	38.34M	37.50M
Cash Flow		Free Cash Flow
-3.38M	-4.52M	-4.64M	-5.32M	-6.84M	-4.94M
	Operating Cash Flow
-1.03M	-1.60M	-464.72K	-1.19M	-1.20M	-1.24M
	Investing Cash Flow
-1.85M	-1.75M	-2.37M	-995.64K	-834.91K	725.61K
	Financing Cash Flow
2.46M	2.48M	3.39M	2.59M	2.22M	1.47M

Midland Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MD, the sentiment is Positive. The current price of 0.33 is below the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.32, and above the 200-day MA of 0.33, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.68 is Neutral, neither overbought nor oversold. The STOCH value of 56.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MD.

Midland Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MD	50 Neutral	C$30.89M	―	-5.53%	―	-48.83%	-49.71%
AZM	48 Neutral	C$46.29M	239.13	0.39%	―	―	―
Sector *	47 Neutral	$2.64B	-3.82	-29.05%	3.32%	2.72%	-29.50%
SOI	45 Neutral	C$17.17M	―	-1.35%	―	―	-300.00%
PTU	31 Underperform	C$14.78M	―	-911.04%	―	―	15.98%
SMC	28 Underperform	C$1.31M	―	-79.12%	―	―	61.33%

Midland Exploration Corporate Events

Midland and Rio Tinto Resume Lithium Drilling at Galinée Project

Midland Exploration Inc., in partnership with Rio Tinto Exploration Canada, is launching a second drilling campaign on the Galinée project to explore lithium deposits. The project, located near the Adina lithium deposit, involves a significant investment of 5.2 million CAD for the first phase of drilling in 2025. This campaign aims to build on previous successful drilling results from 2024, with plans to use both reverse circulation and diamond drilling techniques to explore new structural targets and extend known lithium-bearing zones. The initiative underscores Midland’s strategic efforts to enhance its position in the lithium exploration sector, potentially impacting its operational capabilities and stakeholder interests.

Midland Exploration Stakes New Copper Claims in Labrador Trough

Midland Exploration Inc., in collaboration with SOQUEM Inc., has announced a significant discovery of new copper occurrences in the Labrador Trough, leading to the staking of 104 mining claims. This discovery, resulting from a 2024 reconnaissance program, revealed copper mineralization over a 3.7 km stretch, with samples showing copper grades up to 3.73%. The findings highlight the potential for economic copper deposits in the area, which could enhance Midland’s industry positioning and offer promising implications for stakeholders.

Midland Exploration Expands Stock Option Plan to Bolster Growth

Midland Exploration Inc. has announced the granting of incentive stock options to its employees, directors, and officers, allowing them to acquire 800,000 common shares at $0.33 per share over a ten-year period. Additionally, the company has amended its stock option plan to increase the number of shares issuable under the plan, pending exchange approval. This move aims to strengthen Midland’s operational framework, enhancing its capacity for strategic partnerships and growth in the mineral exploration sector.

Midland Exploration Unveils 2025 Exploration Plans in Quebec

Midland Exploration Inc. has announced its 2025 exploration plans across Quebec, focusing on projects in partnership with significant industry players like BHP, Barrick, and Rio Tinto. With a budget exceeding $14.5 million, the company aims to further explore in regions rich in gold, lithium, and copper resources, potentially enhancing its market position and stakeholder value.

Midland Exploration Unveils Promising Lithium Results

Midland Exploration, in collaboration with Rio Tinto Exploration Canada, has announced promising assay results from its first lithium drilling campaign on the Galinée project. The drilling revealed significant concentrations of lithium oxide, with multiple spodumene pegmatites identified, suggesting further potential for lithium exploration. These findings underscore the Galinée project’s potential as a strategic lithium asset.