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Big Red Mining Corp (TSE:RED)
:RED

Big Red Mining Corp (RED) AI Stock Analysis

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Big Red Mining Corp

(RED)

43Neutral
Big Red Mining Corp's overall stock score is low due to poor financial performance, with no revenue and consistent losses. While corporate events signal a strategic shift, ongoing financial instability and bearish technical indicators weigh heavily on the score.

Big Red Mining Corp (RED) vs. S&P 500 (SPY)

Big Red Mining Corp Business Overview & Revenue Model

Company DescriptionBig Red Mining Corp., a junior exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. Its flagship project is the Dobie Lake copper property comprising 169 claims that covers an area of 8,600 acres located in Ontario, Canada. The company was formerly known as Nava Capital Corp. and changed its name to Big Red Mining Corp. in February 2021. Big Red Mining Corp. was incorporated in 2020 and is headquartered in Surrey, Canada.
How the Company Makes MoneyBig Red Mining Corp generates revenue primarily through the sale of extracted metals, such as gold, copper, and nickel, to industrial and commercial clients worldwide. The company's revenue streams include long-term contracts with major manufacturers and commodity traders, as well as spot market sales. Additionally, strategic partnerships with technology firms enhance operational efficiencies, reducing costs and increasing profitability. The company's financial performance is also bolstered by its investments in exploration projects, which aim to expand its resource base and ensure a steady supply of high-demand minerals.

Big Red Mining Corp Financial Statement Overview

Summary
Big Red Mining Corp is experiencing significant financial challenges with zero revenue and consistent losses, which severely impact its income statement. Despite a strong equity position and zero debt, declining equity and negative cash flows highlight sustainability concerns.
Income Statement
10
Very Negative
Big Red Mining Corp shows a lack of revenue generation and consistent net losses over the periods, indicating poor profitability. Key metrics like Gross Profit Margin and Net Profit Margin cannot be calculated due to zero revenue, highlighting a lack of operational income.
Balance Sheet
60
Neutral
The company maintains a strong equity position with zero debt, reflected in a low Debt-to-Equity ratio. However, the declining Stockholders' Equity and Total Assets suggest weakening financial stability. Positive equity ratio highlights reliance on equity financing.
Cash Flow
25
Negative
The company faces negative operating and free cash flows, indicating cash burn without revenue inflow. Despite positive financing cash flow, the Free Cash Flow to Net Income ratio is unfavorable, reflecting poor cash management.
Breakdown
Sep 2023Sep 2022Sep 2021
Income StatementTotal Revenue
0.000.000.00
Gross Profit
0.000.000.00
EBIT
0.00-721.46K-32.06K
EBITDA
-296.88K-721.46K-32.06K
Net Income Common Stockholders
-289.98K-687.48K-32.06K
Balance SheetCash, Cash Equivalents and Short-Term Investments
215.44K502.04K1.50M
Total Assets
998.61K1.26M1.63M
Total Debt
0.000.000.00
Net Debt
-215.44K-502.04K-1.50M
Total Liabilities
73.26K70.00K61.17K
Stockholders Equity
925.35K1.19M1.57M
Cash FlowFree Cash Flow
-286.59K-996.26K-125.04K
Operating Cash Flow
-286.59K-485.71K-39.32K
Investing Cash Flow
0.00-510.55K-85.72K
Financing Cash Flow
0.000.001.62M

Big Red Mining Corp Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.14
Price Trends
50DMA
0.13
Negative
100DMA
0.15
Negative
200DMA
0.15
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
43.29
Neutral
STOCH
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RED, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.13, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.29 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RED.

Big Red Mining Corp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
49
Neutral
$1.95B-1.27-21.38%3.72%0.83%-29.30%
TSRED
43
Neutral
-55.22%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:RED
Big Red Mining Corp
0.11
0.09
450.00%
HBM
Hudbay Minerals
7.47
-1.04
-12.22%
LUNMF
Lundin Mining
8.47
-2.84
-25.11%
IVPAF
Ivanhoe Mines
10.38
-3.90
-27.31%
CSCCF
Capstone Copper
4.83
-2.89
-37.44%
FQVLF
First Quantum Minerals
13.68
0.25
1.86%

Big Red Mining Corp Corporate Events

Delistings and Listing ChangesBusiness Operations and Strategy
Big Red Mining Corp. Rebrands to Antimony Resources Corp.
Positive
Mar 21, 2025

Big Red Mining Corp. is changing its name to Antimony Resources Corp. effective March 26, 2025, with its shares trading under the new symbol ‘ATMY’. This rebranding reflects the company’s strategic focus on antimony exploration, as it holds significant projects in New Brunswick. The name change does not affect the company’s share capital or require any action from shareholders, indicating a seamless transition. The move positions the company to strengthen its market presence in the antimony sector, potentially impacting its operations and stakeholder interests positively.

Business Operations and Strategy
Big Red Mining Corp. Announces 2025 Exploration Plans for Antimony Projects
Positive
Mar 16, 2025

Big Red Mining Corp. has announced its 2025 exploration programs, targeting the advancement of its Bald Hill and Antimony 2.0 projects. The company plans to conduct extensive drilling and sampling to expand known deposits and explore new anomalies, with the potential for a maiden resource calculation. This strategic move is part of Big Red’s commitment to identifying and developing undervalued critical metal assets, particularly in light of recent market opportunities influenced by global actions.

Executive/Board ChangesBusiness Operations and Strategy
Big Red Mining Corp Announces New CFO and Updates on Stock Options
Neutral
Feb 17, 2025

Big Red Mining Corp has appointed Sheryl Jones as the new Chief Financial Officer and Director, leveraging her extensive experience in financial reporting for public companies. The company has also issued stock options and restricted share units to an officer and director, while deciding not to proceed with a previously announced warrant repricing.

Product-Related AnnouncementsBusiness Operations and Strategy
Big Red Mining Corp. Updates on Bald Hill Project and Reprices Warrants
Positive
Feb 4, 2025

Big Red Mining Corp. has provided an update regarding its option agreement with Globex Mining Enterprises Inc. for the Bald Hill Property in Southern New Brunswick. The agreement involves the issuance of shares, cash payments, and work commitments over four years. The Bald Hill Property, comprising 26 claims, has revealed significant antimony occurrences through past trenching and drilling, indicating potential for mineral deposit exploration. The update emphasizes the strategic partnership and exploration activities that could enhance Big Red’s position in the mining industry.

M&A TransactionsBusiness Operations and Strategy
Big Red Mining Corp. Expands Antimony Resources with Bald Hill Acquisition
Positive
Jan 23, 2025

Big Red Mining Corp. has announced its acquisition of the Bald Hill Antimony Project in southern New Brunswick, a move that expands its antimony resource base. This strategic acquisition highlights a high-grade deposit with significant exploration potential, poised to strengthen the company’s position in the antimony market. Additionally, Big Red aims to exercise an option agreement involving substantial financial commitments and shares issuance to Globex Mining Enterprises Inc., which could have implications for stakeholders and future development of the property.

Big Red Mining Corp. Expands Antimony Project Amid Global Supply Concerns
Jan 18, 2025

Big Red Mining Corp. has announced an expansion of its Antimony 2.0 project in New Brunswick following China’s recent export ban on antimony, which has caused global supply concerns. The company is advancing its soil sampling program and planning an IP survey to explore the area further, potentially positioning itself as a key player in North America’s effort to replace Chinese antimony supply, critical for defense and technological industries.

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.