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High Tide Resources Corp. (TSE:HTRC)
:HTRC
Canadian Market

High Tide Resources Corp. (HTRC) AI Stock Analysis

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High Tide Resources Corp.

(HTRC)

Rating:33Underperform
Price Target:
The overall score of 33 reflects significant financial difficulties, with no revenue generation and ongoing operational losses weighing heavily on the company's outlook. Technical indicators provide limited support, and valuation metrics further highlight profitability concerns. The company must address its financial instability to improve its stock performance.

High Tide Resources Corp. (HTRC) vs. iShares MSCI Canada ETF (EWC)

High Tide Resources Corp. Business Overview & Revenue Model

Company DescriptionHigh Tide Resources Corp. (HTRC) is a resource exploration and development company focused on the acquisition, exploration, and development of mineral properties. The company primarily operates in the mining sector, with a particular emphasis on iron ore, gold, and other base metals. High Tide Resources aims to identify and develop high-potential mineral assets in strategic locations to maximize shareholder value.
How the Company Makes MoneyHigh Tide Resources Corp. generates revenue through the exploration and eventual development of its mineral properties. The company earns money by identifying valuable mineral deposits and advancing these projects through exploration to increase their value. Once a project demonstrates economic viability, High Tide Resources may decide to sell the developed assets, enter into joint ventures with larger mining companies, or transition into production itself. Additionally, the company may partner with other entities for funding and expertise, reducing its financial risk while potentially earning a share of profits from successful projects. Key revenue streams may include proceeds from asset sales, royalties, and potential future mining operations, though specific financial details and partnerships are currently not disclosed.

High Tide Resources Corp. Financial Statement Overview

Summary
High Tide Resources Corp. is facing significant financial challenges, with no revenue generation and ongoing operational losses. The negative equity position and liquidity constraints limit financial flexibility, and the cash flow situation is unsustainable. The company needs to address these issues to improve its financial health.
Income Statement
15
Very Negative
High Tide Resources Corp. has reported no revenue across all periods, indicating a lack of operational income generation. While the net loss has been decreasing over the most recent periods, the consistently negative EBIT and EBITDA margins highlight ongoing operational inefficiencies.
Balance Sheet
10
Very Negative
The company has a negative equity position, which is concerning and indicates financial instability. The debt-to-equity ratio cannot be calculated due to negative equity, and the current liabilities exceed assets, suggesting liquidity issues.
Cash Flow
20
Very Negative
The cash flow position is weak, with consistently negative operating cash flows indicating the company is not generating sufficient cash from its core operations. The lack of free cash flow growth and negative free cash flow to net income ratio further emphasize cash flow challenges.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
0.000.000.000.000.000.00
EBIT
-343.84K-673.97K-1.69M-4.47M-927.06K-1.34M
EBITDA
-283.35K-670.86K0.000.000.000.00
Net Income Common Stockholders
-573.43K-670.86K-1.60M-4.46M-927.06K-1.34M
Balance SheetCash, Cash Equivalents and Short-Term Investments
28.80K84.89K69.25K1.18M2.35M601.36K
Total Assets
34.10K87.91K454.03K1.68M2.48M789.17K
Total Debt
127.58K0.000.00
Net Debt
98.77K-84.89K-601.36K
Total Liabilities
560.45K447.84K402.66K1.06M196.61K1.21K
Stockholders Equity
-526.35K-359.93K51.37K625.13K2.28M787.96K
Cash FlowFree Cash Flow
-26.79K52.51K-1.98M-2.20M-964.21K-451.59K
Operating Cash Flow
-26.79K52.51K-1.98M-2.20M-964.21K-451.59K
Investing Cash Flow
0.000.000.000.000.000.00
Financing Cash Flow
0.00-36.88K876.54K1.02M2.71M767.23K

High Tide Resources Corp. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.06
Price Trends
50DMA
0.04
Positive
100DMA
0.04
Positive
200DMA
0.03
Positive
Market Momentum
MACD
<0.01
Negative
RSI
62.19
Neutral
STOCH
73.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HTRC, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.19 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HTRC.

High Tide Resources Corp. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSIAU
55
Neutral
C$654.14M-38.15%-1.62%-58.16%
TSSKE
52
Neutral
C$2.24B-137.38%-19.29%
51
Neutral
$2.02B-1.19-21.37%3.64%2.88%-30.57%
33
Underperform
C$4.72M
42.97%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:HTRC
High Tide Resources Corp.
0.06
0.02
50.00%
TSE:SKE
Skeena Resources
19.68
13.46
216.40%
TSE:IAU
i-80 Gold Corp
0.88
-0.59
-40.14%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.