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Kermode Resources
(KLM)
Kermode Resources (KLM) vs. S&P 500 (SPY)
Kermode Resources Business Overview & Revenue Model
Kermode Resources Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| ― | -3.89K | 0.00 | 0.00 | 0.00 | EBIT |
| ― | -251.21K | -51.83K | -300.97K | -97.74K | EBITDA |
| ― | -251.21K | -51.83K | 0.00 | -97.74K | Net Income Common Stockholders |
| ― | -594.65K | -550.22K | -170.17K | -97.74K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 5.06K | 3.90K | 30.04K | 93.66K | 58.93K | Total Assets |
| 1.20M | 1.09M | 277.14K | 270.69K | 109.32K | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -5.06K | -3.90K | -30.04K | -93.66K | -58.93K | Total Liabilities |
| 347.12K | 283.12K | 276.79K | 462.42K | 482.23K | Stockholders Equity |
| 851.06K | 807.39K | 350.00 | -191.73K | -372.90K |
| Cash Flow | Free Cash Flow | |||
| -37.35K | -101.07K | -298.88K | -77.86K | -73.62K | Operating Cash Flow |
| -34.64K | -86.04K | -223.04K | -25.80K | -73.62K | Investing Cash Flow |
| -2.71K | -15.03K | -75.84K | -52.06K | 0.00 | Financing Cash Flow |
| 38.50K | 74.93K | 235.26K | 112.59K | 132.50K |
Kermode Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | $6.91B | 3.46 | -4.86% | 5.95% | 0.08% | -49.21% | |
39 Underperform | C$480.72K | ― | 55.15% | ― | ― | 85.28% | |
31 Underperform | C$833.43K | ― | -129.21% | ― | ― | 42.28% | |
25 Underperform | C$440.25K | ― | 78.47% | ― | ― | 70.80% | |
24 Underperform | C$706.34K | ― | -387.55% | ― | ― | -335.14% |
Kermode Resources Corporate Events
Kermode Resources Ltd. has received an exploration permit for mechanical trenching at the 911 MINE showing within the Mount Sicker project on Vancouver Island. The permit allows for the removal of up to 1,000 tonnes per year for five years and includes plans for 45 shallow trenches. This development is expected to enhance Kermode’s business development opportunities by facilitating access to high-grade copper, leveraging improved site access due to logging activities by Mosaic Forest Management.
Spark’s Take on TSE:KLM Stock
According to Spark, TipRanks’ AI Analyst, TSE:KLM is a Underperform.
Kermode Resources exhibits high financial risk with consistent losses, no revenue, and reliance on financing. Technical analysis shows limited momentum, and valuation metrics point to overvaluation. Corporate events provide some strategic potential, but financial and governance issues weigh heavily.
To see Spark’s full report on TSE:KLM stock, click here.
Kermode Resources Ltd held its Annual General and Special Meeting of Shareholders, where key resolutions were voted on. The meeting resulted in the election of Peter Bell, Maxime Lepine, and Tek Singh Manhas to the Board of Directors, while the appointment of Bassi & Karimjee LLP as new auditors was approved. However, resolutions regarding the 50:1 Consolidation at Board Discretion and Change of Corporate Jurisdiction were not passed.
Spark’s Take on TSE:KLM Stock
According to Spark, TipRanks’ AI Analyst, TSE:KLM is a Underperform.
Kermode Resources exhibits a high-risk financial profile with significant operational challenges. The technical analysis shows potential short-term momentum, but extreme volatility and valuation concerns remain. Recent strategic acquisitions improve exploration potential, but financial constraints persist.
To see Spark’s full report on TSE:KLM stock, click here.
Kermode Resources Ltd. has issued an update to its Management Information Circular, revealing omissions in the disclosure of certain key information. The update highlights that Mr. Ryan Hounjet, CFO of Vegano Foods Inc., is associated with a company under a Cease Trade Order, and Mr. Stephen Wall’s past role as CEO of a bankrupt company was not disclosed. CEO Peter Bell has apologized for the oversight, emphasizing the importance of corporate governance standards.
Spark’s Take on TSE:KLM Stock
According to Spark, TipRanks’ AI Analyst, TSE:KLM is a Underperform.
Kermode Resources exhibits a high-risk financial profile with significant operational challenges. The technical analysis shows potential short-term momentum, but extreme volatility and valuation concerns remain. Recent strategic acquisitions improve exploration potential, but financial constraints persist.
To see Spark’s full report on TSE:KLM stock, click here.
Kermode Resources Ltd. has completed a shares-for-debt transaction, settling $60,000 of debt by issuing 6,000,000 common shares at $0.01 per share. This transaction includes a related party component involving $20,000 held by insiders, but it was exempt from certain regulatory requirements due to its small size relative to the company’s market capitalization.
Kermode Resources has terminated its property purchase option agreements for the Khrysos / Silver Bell, Eastgate BC, Vigh Graphite, and Lightning Peak properties due to financial constraints, resulting in no retained interest in these projects. This decision highlights the company’s need to secure more favorable property deals to ensure future success.
Kermode Resources Ltd. has introduced a new Security Based Compensation Plan, replacing its previous 2024 plan. This new plan, which allows for the granting of options and restricted share units, has been conditionally approved by the TSX Venture Exchange and awaits shareholder approval at the upcoming meeting. This strategic move is expected to enhance Kermode’s operational flexibility and align its compensation structure with industry standards, potentially impacting its market positioning and stakeholder interests.
Kermode Resources Ltd. announced several corporate updates, including the clarification that shares issued in connection with its acquisition of 1521158 B.C. Ltd. are subject to a hold period. Additionally, the company has canceled its shares-for-services agreements with 802213 Alberta Ltd. and William Morris-Nelson, as well as its investor relations agreement with Jake Tiley, which led to the cancellation of 1,000,000 stock options previously awarded to him. These updates reflect Kermode’s strategic adjustments in its corporate agreements, potentially impacting its operational focus and stakeholder relations.
Kermode Resources Ltd. has successfully completed the acquisition of 1521158 B.C. Ltd., which holds a 100% interest in 25 mining claims in the Thunder Bay Mining Division in Ontario. This strategic acquisition, located near significant lithium and gold properties, enhances Kermode’s exploration prospects and strengthens its position in the mining industry.
Kermode Resources Ltd. has announced a share exchange agreement to acquire all shares of 1521158 B.C. Ltd., which holds a 100% interest in 25 claims in the Thunder Bay Mining Division, Ontario. This acquisition positions Kermode strategically near significant lithium and gold properties, potentially enhancing its exploration capabilities and market presence.
Kermode Resources Ltd. has announced the appointment of Leon Ho as its new Chief Financial Officer and Corporate Secretary, replacing Matthew Anderson. This change reflects the company’s ongoing commitment to strengthen its leadership team and enhance its regulatory compliance and accounting practices.
Kermode Resources Ltd. has announced a plan to settle $60,000 of its debts by issuing 6,000,000 common shares, priced at $0.01 per share. This Shares for Debt transaction, aimed at preserving cash for exploration and working capital, is pending approval from the TSX Venture Exchange. A portion of the debt involves insiders, making it a related party transaction under MI 61-101 guidelines. The company intends to use available exemptions, as the transaction’s fair market value does not exceed 25% of its market capitalization.