tiprankstipranks
Scottie Resources Corp (TSE:SCOT)
:SCOT

Scottie Resources Corp (SCOT) AI Stock Analysis

Compare
13 Followers

Top Page

TS

Scottie Resources Corp

(SCOT)

49Neutral
Scottie Resources Corp exhibits characteristics typical of an exploration-stage mining company, with no revenue and significant expenses leading to losses. The discovery of high-grade gold intercepts is a positive development that could enhance future prospects but is currently overshadowed by financial challenges and lack of operational revenue. The stock's technical indicators are neutral, reflecting uncertainty in trading momentum.

Scottie Resources Corp (SCOT) vs. S&P 500 (SPY)

Scottie Resources Corp Business Overview & Revenue Model

Company DescriptionScottie Resources Corp (SCOT) is a mineral exploration company focused on the acquisition, exploration, and development of gold and silver properties in British Columbia, Canada. The company's primary asset is the Scottie Gold Mine Project, located in the prolific Golden Triangle region. Scottie Resources is committed to enhancing shareholder value through strategic exploration and development activities.
How the Company Makes MoneyScottie Resources Corp primarily makes money through the exploration and potential development of its mineral properties. The company generates revenue by discovering and defining mineral resources, which can then be sold, developed into operating mines, or partnered with larger mining companies. Scottie Resources may also earn income through joint ventures, option agreements, and royalty agreements with other mining entities interested in its projects. The company's financial success heavily depends on the discovery of economically viable mineral deposits, market conditions for gold and silver, and effective management of exploration costs.

Scottie Resources Corp Financial Statement Overview

Summary
Scottie Resources Corp shows typical characteristics of an exploration-stage mining company with no operational revenue and significant expenses leading to ongoing losses. The strong equity position and lack of debt are positives, but sustained negative cash flows and asset declines pose significant risks to future operations without new funding or revenue streams.
Income Statement
15
Very Negative
The company has consistently reported zero revenue across multiple periods, highlighting a lack of operational revenue generation typical for an exploration stage mining company. The negative EBIT and net income reflect ongoing operational and financial challenges with no gross profit or revenue growth to offset these losses.
Balance Sheet
45
Neutral
The company maintains a healthy equity position with a strong equity ratio of approximately 95.5% as of the latest period. The absence of debt provides financial flexibility, but the declining total assets and equity indicate potential risks in long-term financial sustainability.
Cash Flow
35
Negative
The company has negative free cash flow, reflecting high cash burn and capital expenditure needs typical for a mining exploration company. Although financing activities have been the primary source of cash inflow, persistent negative operating cash flow raises concerns about long-term liquidity.
Breakdown
TTMSep 2023Sep 2022Sep 2021Sep 2020Sep 2019
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-38.34K-74.28K-75.92K-29.82K-1.40K0.00
EBIT
-2.43M-11.33M-10.62M-6.74M-4.15M-732.22K
EBITDA
-7.94M-19.00M-10.55M-6.71M-4.15M-732.22K
Net Income Common Stockholders
-4.46M-19.07M-9.52M-6.39M-3.87M-801.35K
Balance SheetCash, Cash Equivalents and Short-Term Investments
6.17M1.46M3.54M7.27M4.74M182.04K
Total Assets
8.59M9.54M19.23M22.56M9.10M2.75M
Total Debt
0.000.000.000.000.00242.46K
Net Debt
-6.17M-1.46M-3.54M-7.27M-4.74M60.42K
Total Liabilities
383.70K2.60M3.26M792.01K447.28K840.72K
Stockholders Equity
8.21M6.93M15.97M21.76M8.65M1.91M
Cash FlowFree Cash Flow
-7.46M-11.12M-8.12M-6.77M-6.30M-1.26M
Operating Cash Flow
-7.45M-11.00M-6.46M-5.97M-5.22M-275.02K
Investing Cash Flow
8.09M-104.95K-1.81M2.02M-1.03M-969.61K
Financing Cash Flow
4.87M9.02M4.54M6.47M10.81M949.10K

Scottie Resources Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.92
Price Trends
50DMA
0.92
Positive
100DMA
0.93
Positive
200DMA
0.98
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
51.45
Neutral
STOCH
69.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SCOT, the sentiment is Positive. The current price of 0.92 is below the 20-day moving average (MA) of 0.94, below the 50-day MA of 0.92, and below the 200-day MA of 0.98, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 51.45 is Neutral, neither overbought nor oversold. The STOCH value of 69.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SCOT.

Scottie Resources Corp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
49
Neutral
C$45.97M-57.00%78.31%
47
Neutral
$2.64B-3.82-29.05%3.32%2.72%-29.50%
TSBBB
44
Neutral
C$39.99M-67.17%26.55%
TSSKE
41
Neutral
C$1.55B-156.19%-66.33%
TSKDK
40
Underperform
C$28.62M-8.20%-22.63%
TSAOT
38
Underperform
C$98.40M-3.40%47.40%
TSTK
34
Underperform
C$24.52M-1.26%35.14%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SCOT
Scottie Resources Corp
0.94
-0.20
-17.54%
TSE:BBB
Brixton Metals
0.08
-0.04
-33.33%
TSE:SKE
Skeena Resources
14.04
8.07
135.18%
TSE:KDK
Kodiak Copper
0.40
-0.17
-29.82%
TSE:AOT
Ascot Resources
0.10
-0.64
-86.49%
TSE:TK
Tinka Resources
0.06
-0.05
-45.45%

Scottie Resources Corp Corporate Events

Business Operations and Strategy
Scottie Resources Unveils High-Grade Gold Intercepts at Blueberry Contact Zone
Positive
Jan 28, 2025

Scottie Resources Corp has announced final assay results from its 2024 drilling campaign at the Blueberry Contact Zone, revealing high-grade gold intercepts. The successful drilling, which included the discovery of the Wolf Zone, demonstrates the continuity and high-grade potential of the Scottie Gold Mine Project, with plans to incorporate these results into an upcoming maiden resource estimate.

Scottie Resources Uncovers High-Grade Gold at Blueberry Contact Zone
Jan 16, 2025

Scottie Resources Corp announced significant high-grade gold results from its 2024 drilling program at the Blueberry Contact Zone, part of the Scottie Gold Mine Project. The recent assays revealed gold grades of 59.2 g/t over 2.50 meters and 35.2 g/t over 2.00 meters in different vein zones, bolstering the company’s efforts to finalize its maiden resource estimate. These promising results are expected to enhance Scottie’s market positioning by demonstrating the project’s financial potential and shortened development timeline, which could attract further stakeholder interest.

Scottie Resources Reports High-Grade Gold Intercepts at Scottie Gold Mine
Jan 7, 2025

Scottie Resources Corp. has announced significant assay results from its 2024 drilling campaign at the Scottie Gold Mine. The findings include high-grade gold intercepts, particularly in the O Zone, which will contribute to defining a high-grade resource at the historic site. The results are expected to enhance the company’s resource modeling efforts and further solidify its position in the gold mining sector.

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.