TSX-V

Search Minerals Inc.

SMY.V•Basic Materials•Other Industrial Metals & Mining
Current Price
$0.20
Today's Change
+0.00%
Market Cap
$9.00M
Volume
78.22K
⛏️

Commodity Exposure

Diversified Mining

💡

Industry Context

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

💡 Quick Take

Search Minerals Inc. focuses on acquiring and exploring mineral resource properties in Canada, particularly for rare earth elements. The company shows concerns with negative return on equity (ROE) and return on assets (ROA), indicating inefficiencies in generating profits. Additionally, a very low current ratio of 0.07 raises liquidity concerns, suggesting potential difficulties in meeting short-term obligations. However, a manageable debt-to-equity ratio of 0.14 indicates limited leverage. Overall, while the company operates in a valuable sector, its financial health poses significant risks.

Based on 22 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.70
52 Week Low$0.19
Avg Volume11.60K
Beta0.65
Shares Outstanding44.98M

🔥 Valuation

Market Cap$9.00M
Enterprise Value$12.85M
P/E Ratio-8.77
EV/EBITDA ⚠️-25.22x
Dividend Yield0.00%

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🚩 Red Flags

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Cash Runway Critical

Company has $445K in cash but burned $224K last quarter. At this burn rate, only 2.0 quarters of runway remain without additional financing.

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Significant Losses

Company posted a loss of $-1.5M over the last year, representing Infinity% of revenue.

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High Debt Load

Debt of $3.4M is 7.7x the company's cash position of $445K.

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Persistent Cash Burn

Operating cash flow has been negative for 3 consecutive quarters, burning $897K over the last year.

🌟 Opportunities

📊

No significant opportunities identified

Based on current financial metrics

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