Mirasol Resources (MRZ) AI Stock Analysis

• Market Cap: C$29.60M
• Dividend Yield: N/A
• Average Volume (3M): 50.11K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: N/A
• EPS Growth: 30.14%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Other Precious Metals
• EPS (TTM): -0.12
• Shares Outstanding: 81,101,494
• 10 Day Avg. Volume: 37,421
• 30 Day Avg. Volume: 50,113
• 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: 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

Mirasol Resources faces significant financial challenges with no revenue and continuous losses. Despite technical indicators showing neutral trends, the company's valuation remains unfavorable due to its lack of profitability. However, recent corporate events, including a strategic loan and promising drill results, could offer potential for future improvement.

Mirasol Resources Business Overview & Revenue Model

Company Description

Mirasol Resources Ltd. (MRZ) is a mineral exploration company focused on the discovery and development of economically viable precious and base metal deposits in the mineral-rich regions of Latin America. The company primarily operates in Chile and Argentina, leveraging its extensive geological expertise and strategic partnerships to advance its portfolio of high-potential exploration projects. Mirasol's core business involves identifying and acquiring prospective mineral properties, conducting exploration activities to determine resource potential, and partnering with larger mining companies to bring these resources to development and production stages.

How the Company Makes Money

Mirasol Resources generates revenue through its joint venture model, where it partners with larger mining companies that finance the exploration and development of its mineral properties. These partnerships often include upfront payments, funding for exploration activities, and the potential for milestone payments or royalties upon successful discovery and development of mineral resources. The company's earnings are significantly influenced by its ability to identify promising exploration targets and negotiate favorable terms in its joint venture agreements, thereby sharing the financial risks and rewards associated with mineral exploration and development.

Mirasol Resources Financial Statement Overview

Summary

Mirasol Resources is struggling financially with no revenue, continuous losses, and reliance on external financing. The balance sheet offers some stability through equity, but persistent cash burn and negative cash flows are major concerns.

Income Statement

Mirasol Resources has shown a consistent lack of revenue, with recent periods reporting no revenue at all. The net income is significantly negative, leading to a poor net profit margin. EBIT and EBITDA are also negative, indicating operational inefficiencies. The revenue growth rate cannot be determined due to the absence of revenue, highlighting a critical challenge in generating sales.

Balance Sheet

The company's balance sheet shows a relatively low level of debt compared to equity, reflected in a low debt-to-equity ratio. However, the total assets have been decreasing over time, which is a concern. The equity ratio is moderate, suggesting some stability in funding through equity. Nevertheless, the continuous net losses are eroding stockholders' equity, posing a risk to financial stability.

Cash Flow

The cash flow statement reveals persistent negative operating and free cash flows, indicating ongoing cash burn. The company has been relying heavily on financing activities to sustain operations. The free cash flow to net income ratio is negative due to the significant net losses, highlighting the challenge in generating positive cash flow from operations.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	15.98K	0.00	0.00	0.00
	Gross Profit
-60.23K	-64.50K	-53.07K	-96.75K	-106.24K	-74.33K
	EBIT
-4.22M	-9.36M	-8.97M	-4.90M	-5.51M	-6.11M
	EBITDA
-8.78M	-8.84M	-9.70M	-4.95M	-5.21M	-5.74M
	Net Income Common Stockholders
-8.86M	-8.92M	-9.80M	-5.23M	-6.15M	-5.95M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.12M	2.44M	8.28M	6.42M	11.20M	16.25M
	Total Assets
4.94M	4.31M	10.19M	8.47M	13.48M	19.23M
	Total Debt
29.60K	74.00K	140.81K	197.19K	244.67K	280.52K
	Net Debt
-3.06M	-2.28M	-7.98M	-5.50M	-9.78M	-8.61M
	Total Liabilities
601.44K	622.60K	885.35K	672.43K	1.14M	804.71K
	Stockholders Equity
4.33M	3.69M	9.31M	7.80M	12.33M	18.43M
Cash Flow		Free Cash Flow
-8.09M	-8.39M	-8.67M	-5.09M	-5.38M	-6.72M
	Operating Cash Flow
-8.01M	-8.31M	-8.58M	-5.05M	-5.23M	-6.58M
	Investing Cash Flow
24.98K	322.13K	514.63K	479.38K	7.33M	10.50M
	Financing Cash Flow
7.23M	2.26M	10.31M	-92.74K	-201.41K	-75.48K

Mirasol Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MRZ, the sentiment is Negative. The current price of 0.36 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.42, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 42.57 is Neutral, neither overbought nor oversold. The STOCH value of 17.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MRZ.

Mirasol Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	79 Outperform	C$2.66B	17.19	26.82%	―	77.93%	236.93%
MAE	56 Neutral	C$71.65M	―	-17.00%	―	―	-111.36%
GQC	48 Neutral	C$138.88M	―	-26.93%	―	―	25.41%
Sector *	47 Neutral	$2.36B	-2.99	-21.59%	3.58%	4.21%	-28.30%
MRZ	43 Neutral	C$29.60M	―	-187.32%	―	―	30.14%

Mirasol Resources Corporate Events

Mirasol Resources Secures $2 Million Loan to Boost Financial Stability

Mirasol Resources Ltd. has secured a $2 million loan from John Tognetti, a director and control person of the company, to address its financial obligations and enhance working capital. This related party transaction, involving the issuance of 500,000 bonus shares, is exempt from formal valuation and minority approval due to its compliance with regulatory thresholds, highlighting the company’s strategic financial maneuvering to stabilize its operations.

Mirasol Resources Unveils Promising Drill Results at Sobek Project

Mirasol Resources has announced significant initial drill results from its Sobek Gold-Copper Project in Chile’s Vicuña District, revealing a new polymetallic mineralized system. The discovery, located at the Potro SE target, includes gold, silver, zinc, lead, and copper, with further drilling underway to confirm the continuity of mineralization. This development positions Mirasol strategically in a promising area near other notable discoveries, potentially enhancing its industry standing and offering promising implications for stakeholders.