Copperstone Resources AB Class B (VISC) AI Stock Analysis

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Copperstone Resources AB Class B

(Nasdaq OMX AB:VISC)

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Rating:37Underperform

Price Target:SEK 16.00▼(-4.88% Downside)

Action:reiterated

Date:11/13/26

The overall score is at the minimum of 37, reflecting a high-risk, pre-revenue development-stage company. The primary weaknesses are the lack of revenue, escalating net losses, and massive cash burn, which are not mitigated by the strong balance sheet. Technicals confirm a bearish downtrend, and the negative P/E ratio underscores the lack of current profitability.

Positive Factors

Low leverageVery low leverage reduces refinancing pressure and preserves financial flexibility while the company advances its mineral projects. Limited debt also leaves more room to allocate capital toward exploration and development, although operating losses still require careful funding management.

Negative Factors

No revenue generationThe absence of reported revenue shows that the company remains pre-commercial or heavily investment-focused, leaving its projects without demonstrated operating monetization. Until revenue begins, funding depends on capital resources rather than internally generated business cash flow.

Copperstone Resources AB Class B (VISC) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 6.59B
Dividend Yield: ―
Average Volume (3M): 1.44M
Price to Earnings (P/E): -28.0
Beta (1Y): 0.40
Revenue Growth: ―
EPS Growth: 14.44%
Country: Sweden
Employees: 47
Sector: Basic Materials
Sector Strength: 61
Industry: Industrial Materials

Copperstone Resources AB Class B Business Overview & Revenue Model

Company Description

Gruvaktiebolaget Viscaria is a Swedish mineral extraction company primarily engaged in copper mining. Its operations include ownership interests in the Viscaria copper mine, located near Kiruna, alongside holding a variety of mineral processing conce...

Copperstone Resources AB Class B Financial Statement Overview

Summary

Financial performance is critically weak. The company is pre-revenue with escalating net losses (TTM -132.1M) and deeply negative free cash flow (-1.77B TTM). The only support comes from a fortress balance sheet with minimal debt (D/E 0.004) and a massive equity base (5.34B), which provides a long runway but does not offset the severe operational cash burn.

Income Statement

15Very Negative

Balance Sheet

75Positive

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	172.10M	275.90M	-6.60M	256.70M	179.70M	106.39M
EBITDA	-72.30M	-59.20M	-39.30M	-25.00M	-14.40M	-11.60M
Net Income	-132.10M	-109.10M	-48.20M	-30.10M	-21.80M	-16.25M
Balance Sheet
Total Assets	6.01B	4.09B	1.78B	1.29B	1.06B	606.94M
Cash, Cash Equivalents and Short-Term Investments	1.47B	1.41B	231.80M	266.30M	329.20M	124.29M
Total Debt	21.70M	23.50M	22.20M	20.00M	38.40M	34.51M
Total Liabilities	668.00M	997.70M	178.60M	66.40M	77.20M	64.59M
Stockholders Equity	5.34B	3.09B	1.60B	1.23B	986.50M	542.35M
Cash Flow
Free Cash Flow	-1.77B	-1.04B	-452.10M	-333.40M	-261.80M	-136.20M
Operating Cash Flow	-97.70M	7.50M	6.00M	-24.30M	-16.50M	-24.16M
Investing Cash Flow	-1.89B	-1.05B	-457.80M	-309.10M	-245.20M	-112.04M
Financing Cash Flow	3.14B	2.22B	417.30M	270.50M	466.60M	259.54M

Copperstone Resources AB Class B Technical Analysis

Technical Analysis SentimentNegative

Last Price16.82

Price Trends

50DMA19.62Negative

100DMA19.14Negative

200DMA17.99Negative

Market Momentum

MACD-0.66Negative

RSI39.60Neutral

STOCH45.50Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VISC, the sentiment is Negative. The current price of 16.82 is below the 20-day moving average (MA) of 17.74, below the 50-day MA of 19.62, and below the 200-day MA of 17.99, indicating a bearish trend. The MACD of -0.66 indicates Negative momentum. The RSI at 39.60 is Neutral, neither overbought nor oversold. The STOCH value of 45.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:VISC.

Copperstone Resources AB Class B Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:VISC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SE:ARCT	50Neutral	SEK 334.44M	-14.88	-15.51%	―	―	-10.30%
SE:NIO	44Neutral	SEK 201.71M	-11.47	-6.67%	―	―	16.50%
SE:VISC	37Underperform	SEK 6.59B	-28.03	-3.46%	―	―	14.44%

* Basic Materials Sector Average

Performance Comparison

SE:VISC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:VISC	Copperstone Resources AB Class B	16.82	2.02	13.66%
SE:NIO	Nordic Iron Ore AB	2.84	-2.76	-49.29%
SE:ARCT	Arctic Minerals AB	6.10	1.38	29.24%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.

Date of analysis: Nov 13, 2026

Copperstone Resources AB Class B AI Stock Analysis