Granite Creek Copper (GCX) AI Stock Analysis

• Market Cap: $2.99M
• Dividend Yield: N/A
• Average Volume (3M): 134.46K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.23
• Revenue Growth: N/A
• EPS Growth: -30.91%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 199,017,750
• 10 Day Avg. Volume: 98,338
• 30 Day Avg. Volume: 134,462
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Granite Creek Copper's overall stock score is heavily impacted by its poor financial performance, characterized by a lack of revenue and continuous losses. Technical analysis suggests a bearish trend, compounded by a negative valuation outlook due to ongoing losses. While recent corporate events suggest potential future opportunities, they do not significantly offset the current financial and operational challenges.

Granite Creek Copper Business Overview & Revenue Model

Company Description

Granite Creek Copper (GCX) is a mining company engaged in the exploration and development of copper properties. The company's primary focus is on its flagship project, the Carmacks Copper-Gold-Silver Project, located in the Yukon Territory, Canada. Granite Creek Copper operates within the mining and metals sector, concentrating on the discovery and advancement of mineral resources to meet global demand for copper, a critical metal in various industries.

How the Company Makes Money

Granite Creek Copper makes money through the exploration and future development of mineral deposits, primarily copper. As a junior mining company, its revenue model is centered around increasing the value of its mineral projects through exploration and development activities. Key revenue streams include the sale of mineral rights, joint ventures, and potential future production of copper and other associated minerals such as gold and silver. The company's earnings are significantly influenced by factors such as mineral resource estimates, copper market prices, and its ability to attract investment or partnerships with larger mining companies for project funding and development. Additionally, Granite Creek Copper's revenue is impacted by its exploration success and the market's interest in copper as a strategic resource.

Granite Creek Copper Financial Statement Overview

Summary

Granite Creek Copper's financial performance is highly challenged, with the absence of revenue, continuous losses, and reliance on financing for cash flow. While the balance sheet shows a strong equity position, the overall financial health is weak, requiring significant strategic changes to achieve profitability and sustainable growth.

Income Statement

Granite Creek Copper shows no revenue over multiple periods, which is a significant concern. The company has consistently reported negative EBIT and net income, indicating ongoing operational challenges. The lack of revenue growth potential severely impacts the income statement's strength.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, signaling manageable leverage. However, the persistent losses and declining equity levels are concerning. The equity ratio is relatively strong, showing a higher proportion of assets financed by equity, which is a positive aspect.

Cash Flow

Granite Creek Copper has a negative operating cash flow and free cash flow, reflecting inadequate cash generation from operations to cover its capital expenditures. The company relies on financing activities to support its cash needs, posing sustainability risks.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-3.29K	―	―	―	0.00
	EBIT
-698.99K	-2.37M	-4.63M	-2.11M	-1.03M
	EBITDA
-155.25K	0.00	0.00	0.00	155.20K
	Net Income Common Stockholders
-879.78K	-2.15M	-4.63M	-2.14M	-1.17M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
879.17K	886.99K	949.65K	3.94M	164.87K
	Total Assets
9.83M	9.64M	9.69M	12.68M	1.10M
	Total Debt
100.01K	100.00K	―	206.80K	0.00
	Net Debt
-779.15K	-786.99K	―	-3.73M	-164.87K
	Total Liabilities
1.71M	2.34M	1.85M	2.71M	357.09K
	Stockholders Equity
8.12M	7.30M	7.84M	9.97M	742.92K
Cash Flow		Free Cash Flow
-1.70M	-1.49M	-5.01M	-3.54M	-739.79K
	Operating Cash Flow
-1.60M	-1.34M	-4.87M	-3.53M	-727.57K
	Investing Cash Flow
-100.00K	-148.18K	-141.45K	-210.43K	-12.22K
	Financing Cash Flow
1.69M	1.43M	2.02M	7.51M	795.55K

Granite Creek Copper Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GCX, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.61 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GCX.

Granite Creek Copper Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CU	70 Neutral	C$7.71B	25.32	6.93%	4.83%	-1.42%	-36.31%
Sector *	49 Neutral	$1.95B	-1.37	-21.20%	3.73%	0.84%	-29.84%
GCX	34 Underperform	$2.99M	―	-20.62%	―	―	-30.91%
NCX	33 Underperform	C$183.16M	―	-56.82%	―	―	-62.76%

Granite Creek Copper Corporate Events

Granite Creek Copper Sells Element One Hydrogen to Buscando Resources

Granite Creek Copper has announced the sale of its subsidiary, Element One Hydrogen Corp., including its Union Bay and Star Projects, to Buscando Resources Corp. for $150,000 CDN. This transaction, expected to close within 30 days, allows Granite Creek to retain rights to reimbursements and payments related to the Star project and an option agreement, potentially impacting its financial positioning and strategic focus on its core mineral exploration activities.

Spark’s Take on TSE:GCX Stock

According to Spark, TipRanks’ AI Analyst, TSE:GCX is a Underperform.

Granite Creek Copper’s overall stock score is heavily impacted by its poor financial performance, characterized by a lack of revenue and continuous losses. Technical analysis suggests a bearish trend, compounded by a negative valuation outlook due to ongoing losses. While recent corporate events suggest potential future opportunities, they do not significantly offset the current financial and operational challenges.

To see Spark’s full report on TSE:GCX stock, click here.

Granite Creek Copper Secures Funding for Innovative Carbon Management Project

Granite Creek Copper Ltd. has secured funding from Natural Resources Canada for a technology development project focused on ultramafic rocks at its Star Property in British Columbia. The project, led by Kemetco Research Inc., aims to enhance metal extraction and carbon sequestration, contributing to Canada’s climate and energy goals. This initiative positions Granite Creek as a key player in innovative carbon management technologies, potentially benefiting its operations and stakeholders.

Granite Creek Copper Joins Innovative Ultramafic Technology Project

Granite Creek Copper Ltd. has announced its involvement in a technology development project aimed at ultramafic rocks, targeting its Star Property in British Columbia. Led by Kemetco Research Inc., the project focuses on developing technology for enhanced metal extraction and carbon sequestration. This initiative marks an advancement in Granite Creek’s strategic positioning in the critical minerals and carbon sequestration sectors, potentially broadening the scope of its operations and enhancing its market relevance.