Quartz Mountain Resources (QZM) AI Stock Analysis

• Market Cap: C$47.09M
• Dividend Yield: N/A
• Average Volume (3M): 38.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: N/A
• EPS Growth: -122.60%
• Country: CA
• Employees: 4
• Sector: Energy
• Sector Strength: 51
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 58,868,030
• 10 Day Avg. Volume: 38,243
• 30 Day Avg. Volume: 38,138
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -30.30
• 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

Quartz Mountain Resources' overall stock score is primarily impacted by weak financial performance, including negative profitability and cash flow challenges. Technical analysis shows stable trends, indicating some positive momentum. Recent corporate events, such as financing and drilling initiatives, provide some optimism for future potential, but the company's valuation remains constrained by its lack of earnings.

Quartz Mountain Resources Business Overview & Revenue Model

Company Description

Quartz Mountain Resources Ltd. operates as a mineral exploration company in British Columbia, Canada. The company explores for gold, silver, and copper deposits. It holds a 100% interest in Maestro property comprising ten mineral claims covering approximately 1,540 hectares located near Houston, British Columbia. It also has a mineral claims purchase agreement with United Mineral Services Ltd. to acquire a 100% interest in the Jake mineral property that comprising four staked claims; and an option to purchase a 100% interest in five adjacent claims located to the north of Smithers, northwestern British Columbia. The company was formerly known as Quartz Mountain Gold Corp. and changed its name to Quartz Mountain Resources Ltd. in November 1997. Quartz Mountain Resources Ltd. was incorporated in 1982 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Quartz Mountain Resources makes money through the exploration and development of mineral properties, where the primary revenue streams are the sale of extracted minerals and metals, such as gold and copper. The company may also generate income through partnerships and joint ventures with other mining companies, which can involve sharing exploration costs and profits from mineral discoveries. Additionally, Quartz Mountain Resources may earn revenue by selling or leasing its mineral properties to other companies once significant mineral deposits are confirmed. The company's earnings are significantly influenced by factors such as commodity prices, mining regulations, and the successful identification of viable mineral resources.

Quartz Mountain Resources Financial Statement Overview

Summary

Quartz Mountain Resources faces profitability and operational efficiency challenges, with consistently negative net income and EBIT margins. The balance sheet shows low debt but past equity instability. Cash flow is negative, with some relief from financing activities, indicating a need for strategic improvements.

Income Statement

Quartz Mountain Resources shows consistently negative net income, indicating a lack of profitability. The company has not generated any revenue across the reported periods, which severely impacts its ability to improve margins or demonstrate growth. The EBIT and EBITDA margins are negative, reflecting ongoing operational challenges.

Balance Sheet

The company maintains a low level of debt, resulting in a favorable debt-to-equity ratio. However, the equity ratio has fluctuated due to negative stockholders' equity in earlier years, indicating past financial instability. Improvement is observed as equity has turned positive, but the overall asset base remains limited.

Cash Flow

Operating cash flow remains negative, indicating ongoing cash burn without revenue generation. Despite this, financing activities have provided some liquidity, as evidenced by free cash flow improvements. However, the sustainability of cash flow is uncertain without operational improvements.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-9.89K	0.00	-9.89K	-9.89K	-2.47K	0.00
	EBIT
-444.16K	-2.48M	-895.40K	-992.37K	-256.72K	-248.35K
	EBITDA
-2.19M	-2.48M	-895.09K	-1.10M	-226.29K	-248.35K
	Net Income Common Stockholders
-2.21M	-2.44M	-910.43K	-997.85K	-116.42K	2.52M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.29M	1.91M	97.47K	321.79K	206.44K	206.53K
	Total Assets
2.34M	3.01M	863.60K	842.55K	598.56K	218.56K
	Total Debt
16.46K	22.39K	32.75K	41.33K	48.80K	0.00
	Net Debt
-1.27M	-1.88M	-64.72K	-280.46K	-157.64K	-206.53K
	Total Liabilities
39.54K	333.04K	72.90K	332.29K	135.04K	80.01K
	Stockholders Equity
2.30M	2.68M	790.70K	510.26K	463.51K	138.55K
Cash Flow		Free Cash Flow
-2.32M	-2.37M	-773.78K	-520.68K	-407.11K	-242.88K
	Operating Cash Flow
-2.29M	-2.34M	-523.78K	-445.68K	-277.11K	-242.88K
	Investing Cash Flow
25.94K	-7.91K	-237.59K	-71.64K	47.77K	1.09K
	Financing Cash Flow
3.50M	4.15M	537.04K	632.66K	229.25K	375.94K

Quartz Mountain Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QZM, the sentiment is Positive. The current price of 0.8 is above the 20-day moving average (MA) of 0.67, above the 50-day MA of 0.65, and above the 200-day MA of 0.49, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 75.19 is Negative, 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:QZM.

Quartz Mountain Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$3.05B	19.68	26.82%	―	77.93%	236.93%
Sector *	55 Neutral	$7.10B	3.56	-6.61%	5.99%	-0.03%	-51.71%
QZM	46 Neutral	C$47.09M	―	-146.38%	―	―	-122.60%
MEK	36 Underperform	C$4.67M	―	-14.89%	―	―	36.07%
CPI	36 Underperform	C$6.48M	―	-5.69%	―	―	-60.38%

Quartz Mountain Resources Corporate Events

Quartz Mountain Resources Begins Drilling at Prodigy Discovery

Quartz Mountain Resources Ltd. has commenced diamond drilling at its Prodigy gold and silver discovery on the Maestro Property in British Columbia. This follows promising results from 2024, indicating a significant mineralized system with high-grade gold and silver. The current drilling aims to expand the known extent of this system, with funding secured from a recent $4.2 million private placement. The discovery includes overlapping mineralizing events, suggesting multiple deposit targets, and aligns with Quartz’s goal to develop high-value projects. The drilling program’s results could enhance Quartz’s industry positioning and offer potential benefits to stakeholders.

Spark’s Take on TSE:QZM Stock

According to Spark, TipRanks’ AI Analyst, TSE:QZM is a Neutral.

Quartz Mountain Resources’ stock is rated below average, primarily due to financial performance challenges such as negative profitability and cash flow. While technical analysis shows stable trends, and recent financing indicates potential for growth, the overall valuation remains constrained by a lack of earnings and dividends.

To see Spark’s full report on TSE:QZM stock, click here.

Quartz Mountain Resources Secures $4.2 Million for Maestro Project Drilling

Quartz Mountain Resources has successfully closed a $4.2 million equity financing to fund its exploration activities, particularly the delineation drilling at the Prodigy high-grade gold-silver discovery on the Maestro project in British Columbia. The financing, which involved the issuance of 10 million units, will support the company’s strategy of developing high-value mineral discoveries, potentially leading to significant gains and attracting transaction partners. The funds will be used for drilling, exploration, and general working capital, with a focus on the Maestro project’s promising mineralizing events.

Quartz Mountain Resources Plans $4.2 Million Equity Financing for Project Expansion

Quartz Mountain Resources Ltd. has announced a plan to raise $4.2 million through an equity financing initiative involving the issuance of 10 million units, each consisting of a common share and a warrant. The proceeds from this financing will be used to further explore their gold-silver-copper projects in British Columbia and for general working capital. The financing includes flow-through units for tax benefits and involves transactions with insiders, necessitating compliance with specific regulatory exemptions. The move is expected to bolster the company’s operational capabilities in the Canadian mineral exploration sector.