Diversified Mining
Diversified miners balance commodity exposure. Operating margins vary significantly by commodity mix.
Asbestos Corporation Limited manages mining assets in Canada, focusing on the rental of mining facilities and land sales. The company faces significant financial challenges, evidenced by a gross margin of -89.2% and an alarming EBITDA margin of -2920.8%, indicating severe operational inefficiencies. Additionally, a current ratio of 0.47 raises concerns about liquidity. While the low market cap of $2.55M suggests potential undervaluation, the negative margins highlight substantial risks that investors should consider before engaging.
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Company has $1.7M in cash but burned $2.6M last quarter. At this burn rate, only 0.6 quarters of runway remain without additional financing.
Company posted a loss of $-17.2M over the last year, representing 915.9% of revenue.
Debt of $41.6M is 24.9x the company's cash position of $1.7M.
Operating cash flow has been negative for 3 consecutive quarters, burning $10.6M over the last year.
No significant opportunities identified
Based on current financial metrics
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Based on 2025-Q3 (September 30, 2025)