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American Creek Resources
(AMK)
American Creek Resources (AMK) vs. iShares MSCI Canada ETF (EWC)
American Creek Resources Business Overview & Revenue Model
American Creek Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | 0.00 | -43.45K | -12.50K | EBIT |
| -610.87K | -1.04M | -8.60M | -3.69M | -2.01M | -1.38M | EBITDA |
| -421.60K | -42.38K | 4.29M | -2.90M | -2.04M | -1.38M | Net Income Common Stockholders |
| -1.02M | -1.08M | 4.29M | 154.35K | 885.01K | -1.39M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 464.98K | 196.52K | 1.24M | 2.12M | 8.54M | 1.65M | Total Assets |
| 7.25M | 7.00M | 8.09M | 2.40M | 12.81M | 6.04M | Total Debt |
| 200.00K | 0.00 | 26.44K | 0.00 | 0.00 | 0.00 | Net Debt |
| -174.98K | -101.52K | -1.11M | -1.91M | -4.81M | -1.65M | Total Liabilities |
| 518.59K | 60.32K | 71.55K | 101.38K | 191.10K | 236.63K | Stockholders Equity |
| 6.73M | 6.93M | 8.02M | 2.30M | 12.62M | 5.81M |
| Cash Flow | Free Cash Flow | ||||
| -1.04M | -1.05M | -1.08M | -1.06M | -1.58M | -2.74M | Operating Cash Flow |
| -1.04M | -1.05M | -1.08M | -951.69K | -1.21M | -1.44M | Investing Cash Flow |
| 291.00K | 16.00K | 23.95K | -2.63M | -99.48K | -1.28M | Financing Cash Flow |
| 811.59K | 0.00 | 290.00K | 678.06K | 4.47M | 4.32M |
American Creek Resources Technical Analysis
American Creek Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | $7.09B | 2.98 | -3.47% | 5.75% | 0.53% | -50.75% | |
44 Neutral | C$36.87M | ― | -7.57% | ― | ― | -22.63% | |
42 Neutral | C$48.90M | ― | -102.11% | ― | ― | 14.44% | |
42 Neutral | C$46.97M | ― | -58.31% | ― | ― | 74.74% | |
41 Neutral | C$44.73M | ― | -55.36% | ― | ― | 41.78% | |
33 Underperform | C$40.38M | ― | -15.18% | ― | ― | 8.33% | |
| $23.89M | ― | -6.12% | ― | ― | ― |
American Creek Resources Corporate Events
American Creek Resources Ltd. has successfully completed a $1.2 million non-brokered private placement, issuing over 13 million units. This financial move is significant for the company as it strengthens its capital position, allowing it to maintain its 20% interest in the Treaty Creek Project without incurring exploration costs, thus potentially enhancing shareholder value.
Spark’s Take on TSE:AMK Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMK is a Underperform.
American Creek Resources’ overall score is low due to significant financial challenges, particularly the absence of revenue and negative cash flows. Technical analysis supports a bearish outlook, and valuation metrics highlight the company’s lack of profitability. While positive corporate events provide some optimism, the legal dispute and overall financial instability weigh heavily on the stock’s potential.
To see Spark’s full report on TSE:AMK stock, click here.
American Creek Resources Ltd. has increased its non-brokered private placement offering from $800,000 to $1,200,000 due to overwhelming interest. The offering involves selling up to 13,333,333 units at $0.09 per unit, with each unit comprising one common share and one purchase warrant. The proceeds will be used for general working capital, and the offering is subject to regulatory approvals. This move reflects strong investor interest and could enhance the company’s financial position, potentially impacting its operational capabilities and market standing.
Spark’s Take on TSE:AMK Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMK is a Underperform.
The overall score for American Creek Resources is low due to significant financial challenges, particularly the absence of revenue and negative cash flows. Technical analysis supports a bearish outlook, while valuation metrics highlight the company’s lack of profitability. The stock’s performance is constrained by these factors, necessitating operational improvements for future viability.
To see Spark’s full report on TSE:AMK stock, click here.
American Creek Resources Ltd.’s joint venture partner, Tudor Gold, has reported significant advancements in metallurgical testing for the Goldstorm Deposit at Treaty Creek. The recent tests have increased gold recovery to over 80% and produced high-grade copper, gold, and silver concentrates. These improvements, achieved through a refined flotation process and additional leaching steps, enhance the economic potential of the project, potentially leading to a more efficient mining operation and a smaller initial capital expenditure.
Spark’s Take on TSE:AMK Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMK is a Underperform.
The overall score for American Creek Resources is low due to significant financial challenges, particularly the absence of revenue and negative cash flows. Technical analysis supports a bearish outlook, while valuation metrics highlight the company’s lack of profitability. The stock’s performance is constrained by these factors, necessitating operational improvements for future viability.
To see Spark’s full report on TSE:AMK stock, click here.
American Creek Resources Ltd. has announced a non-brokered private placement to raise up to $800,000 through the sale of units consisting of common shares and purchase warrants. The funds will be used for general working capital, and the offering is subject to regulatory approvals. Insiders may participate, potentially impacting shareholder dynamics, but exemptions apply to avoid additional shareholder approval.
Spark’s Take on TSE:AMK Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMK is a Underperform.
The overall score for American Creek Resources is low due to significant financial challenges, particularly the absence of revenue and negative cash flows. Technical analysis supports a bearish outlook, while valuation metrics highlight the company’s lack of profitability. The stock’s performance is constrained by these factors, necessitating operational improvements for future viability.
To see Spark’s full report on TSE:AMK stock, click here.
American Creek Resources Ltd.’s joint venture partner, Tudor Gold, has announced positive initial metallurgical testing results for the high-grade gold Supercell-One Complex within the Goldstorm Deposit at the Treaty Creek Project in British Columbia. The discovery of the SC-1 Complex during the 2024 drill campaign highlights significant economic potential for the project, with flotation recoveries of up to 85.1% gold achieved from the SC-1C and SC-1D structures. These results complement previous findings from the Lower CS-600 Sub-Domain, indicating the potential for high-grade copper and gold concentrates, enhancing the project’s value and positioning within the mining industry.
American Creek Resources has announced the termination of its Arrangement Agreement with Cunningham Mining Ltd., with mutual releases provided. As part of the termination, Cunningham has agreed to pay American Creek CAD$150,000 in NGTG$ tokens, to be released in nine months. Both companies are considering an alternative agreement that could align the gold RWA token sector with the gold exploration sector, potentially adding significant value for shareholders.
American Creek Resources Ltd. has received a termination notice from Cunningham Mining Ltd. regarding their arrangement agreement, which American Creek deems invalid. Cunningham Mining alleged that American Creek failed to disclose critical information regarding a revised permit related to the Treaty Creek Project. American Creek disputes these claims, stating that all relevant information was disclosed and known to all parties involved. The company maintains that the agreement is still in effect and awaits payment from Cunningham Mining.