Copperstone Resources AB Class B (VISC) AI Stock Analysis

Copperstone Resources AB Class B

(Nasdaq OMX AB:VISC)

Select Model

Rating:38Underperform

Price Target:SEK 16.00▼(-4.76% Downside)

Action:reiterated

Date:10/30/26

The overall score of 38 is very low, driven primarily by the company's pre-revenue status and massive cash burn, which are existential risks. The lack of any revenue generation and deeply negative free cash flow are the most significant factors. This is partially offset by a fortress balance sheet with negligible debt, providing a financial runway. Technical trends are uniformly negative, confirming market skepticism, and the negative P/E ratio offers no valuation support.

Positive Factors

Very low leverageThe exceptionally low debt burden reduces balance-sheet pressure and preserves financial flexibility while the company advances its mineral projects. Limited leverage can help management fund development without the fixed-interest obligations that would otherwise amplify risk during prolonged losses or uncertain project timing.

Negative Factors

Persistent and worsening lossesPersistent negative EBIT, EBITDA, and net income show that the company has not yet established profitable operations. The widening TTM net loss weakens internal capital formation and means that future project development must proceed while the existing business remains a drain on shareholder returns.

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

Market Cap: SEK 6.46B
Dividend Yield: ―
Average Volume (3M): 1.48M
Price to Earnings (P/E): -21.0
Beta (1Y): 0.40
Revenue Growth: ―
EPS Growth: -48.34%
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 has zero revenue and widening net losses, reflected in a very low Income Statement Score of 18. While the Balance Sheet is strong (Score 72) with minimal debt, and Cash Flow shows improving operations (Score 25), the massive negative free cash flow and lack of revenue dominate the risk profile for this pre-revenue mining development company.

Income Statement

18Very Negative

Balance Sheet

72Positive

Cash Flow

25Negative

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	125.90M	275.90M	-6.60M	256.70M	179.70M	106.39M
EBITDA	-68.80M	-59.20M	-39.30M	-25.00M	-14.40M	-11.60M
Net Income	-139.30M	-109.10M	-48.20M	-30.10M	-21.80M	-16.25M
Balance Sheet
Total Assets	5.15B	4.09B	1.78B	1.29B	1.06B	606.94M
Cash, Cash Equivalents and Short-Term Investments	1.35B	1.41B	231.80M	266.30M	329.20M	124.29M
Total Debt	20.60M	23.50M	22.20M	20.00M	38.40M	34.51M
Total Liabilities	1.38B	997.70M	178.60M	66.40M	77.20M	64.59M
Stockholders Equity	3.77B	3.09B	1.60B	1.23B	986.50M	542.35M
Cash Flow
Free Cash Flow	-1.29B	-1.04B	-452.10M	-333.40M	-261.80M	-136.20M
Operating Cash Flow	54.40M	7.50M	6.00M	-24.30M	-16.50M	-24.16M
Investing Cash Flow	-1.55B	-1.05B	-457.80M	-309.10M	-245.20M	-112.04M
Financing Cash Flow	2.51B	2.22B	417.30M	270.50M	466.60M	259.54M

Copperstone Resources AB Class B Technical Analysis

Technical Analysis SentimentNegative

Last Price16.80

Price Trends

50DMA20.83Negative

100DMA19.06Negative

200DMA18.19Negative

Market Momentum

MACD-0.75Positive

RSI33.91Neutral

STOCH35.20Neutral

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 16.80 is below the 20-day moving average (MA) of 19.04, below the 50-day MA of 20.83, and below the 200-day MA of 18.19, indicating a bearish trend. The MACD of -0.75 indicates Positive momentum. The RSI at 33.91 is Neutral, neither overbought nor oversold. The STOCH value of 35.20 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	60Neutral	SEK 303.01M	-14.78	-15.51%	―	―	-10.30%
SE:NIO	38Underperform	SEK 199.67M	-11.88	-6.67%	―	―	16.50%
SE:VISC	38Underperform	SEK 6.46B	-21.00	-4.86%	―	―	-48.34%

* 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	16.80	0.77	4.77%
SE:NIO	Nordic Iron Ore AB	2.94	-2.56	-46.55%
SE:ARCT	Arctic Minerals AB	6.06	1.08	21.69%

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: Oct 30, 2026

Copperstone Resources AB Class B AI Stock Analysis