TSX-V

Surge Battery Metals Inc.

NILI.V•Basic Materials•Other Industrial Metals & Mining
Current Price
$0.65
Today's Change
-1.52%
Market Cap
$214.38M
Volume
28.08K
⛏️

Commodity Exposure

Diversified Mining

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Industry Context

Diversified miners balance commodity exposure. Operating margins vary significantly by commodity mix.

💡 Quick Take

Surge Battery Metals Inc. is an exploration stage company focused on acquiring and developing lithium and nickel mineral properties in North America. Key strengths include a strong liquidity position with a current ratio of 10.32 and no debt, indicating financial stability. However, concerns arise from negative returns on equity and assets, reflecting operational challenges. The stock's current price of $0.65, down 1.52% today, may suggest market caution despite the company's potential in the growing battery metals sector.

Based on 19 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$1.13
52 Week Low$0.38
Avg Volume1.10M
Beta0.55
Shares Outstanding327.29M

🔥 Valuation

Market Cap$214.38M
Enterprise Value$134.69M
P/E Ratio-11.00
EV/EBITDA ⚠️-11.54x
Dividend Yield0.00%

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🚩 Red Flags

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Limited Cash Runway

Company is burning $703K per quarter with $2.6M in cash. Approximately 3.6 quarters of runway at current burn rate.

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Significant Losses

Company posted a loss of $-8.5M over the last year, representing Infinity% of revenue.

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Persistent Cash Burn

Operating cash flow has been negative for 3 consecutive quarters, burning $2.8M over the last year.

🌟 Opportunities

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Debt-free balance sheet with a solid cash position, providing significant financial flexibility.

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Excellent liquidity with current ratio of 10.3x ensures operational stability.

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