TSX-V

Ridgestone Mining Inc.

RMI.V•Basic Materials•Other Industrial Metals & Mining
Current Price
$0.11
Today's Change
+0.00%
Market Cap
$1.68M
Volume
12.00K
⛏️

Commodity Exposure

Diversified Mining

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Industry Context

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

💡 Quick Take

Ridgestone Mining Inc. focuses on the exploration and development of mineral projects in Mexico, particularly the Alaska copper-gold property. The company shows concerns with a low ROE of -13.3% and a current ratio of 0.12, indicating potential liquidity issues. However, it has no debt, which is a strength. The market cap of $1.68M and stagnant price suggest limited investor confidence, reflecting the challenges in the mining sector. Overall, while the lack of debt is favorable, the financial health metrics raise significant concerns.

Based on 18 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.52
52 Week Low$0.10
Avg Volume774.00
Beta0.92
Shares Outstanding15.30M

🔥 Valuation

Market Cap$1.68M
Enterprise Value$1.63M
P/E RatioN/A
EV/EBITDA ⚠️N/A
Dividend Yield0.00%

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🚩 Red Flags

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Cash Runway Critical

Company has $53K in cash but burned $29K last quarter. At this burn rate, only 1.8 quarters of runway remain without additional financing.

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Significant Losses

Company posted a loss of $-298K 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 $117K 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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