Riverside Resources (RRI) AI Stock Analysis

• Market Cap: C$13.46M
• Dividend Yield: N/A
• Average Volume (3M): 51.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.19
• Revenue Growth: N/A
• EPS Growth: -48.31%
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Other Precious Metals
• EPS (TTM): -0.02
• Shares Outstanding: 74,783,460
• 10 Day Avg. Volume: 65,954
• 30 Day Avg. Volume: 51,737
• PEG Ratio: -0.57
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.77
• 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

Riverside Resources faces significant financial challenges with no revenue and negative cash flows, impacting its overall score. Despite these issues, positive technical momentum and strategic corporate actions, such as the Blue Jay Gold spin-out, offer some optimism. Valuation concerns persist with a negative P/E ratio, indicating potential risks.

Riverside Resources Business Overview & Revenue Model

Company Description

Riverside Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of exploration and evaluation assets in North America. The company primarily explores for gold, silver, and copper deposits. It holds interests in the Oakes, High Lake Greenstone Belt, Longrose, Pichette, and Kenora projects located in Canada; and the La Silla, Sandy, Tajitos, and Ariel projects located in Mexico. Riverside Resources Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Riverside Resources makes money primarily through the acquisition and exploration of mineral properties with the potential for significant mineral deposits. The company follows a prospect generator model, where it identifies promising exploration targets and then seeks to partner with other mining companies to further explore and develop these properties. Revenue is generated through option agreements, joint ventures, and strategic alliances, where Riverside Resources may receive cash payments, shares, or retain a percentage interest in the project. Additionally, the company may earn a royalty on future production if a project is successfully developed into a mining operation. This business model allows Riverside Resources to minimize exploration costs and risks while maintaining upside potential from successful discoveries.

Riverside Resources Financial Statement Overview

Summary

The financial performance of Riverside Resources is concerning, with zero revenue and increasing net losses. The balance sheet shows no debt but declining assets, raising sustainability concerns. Negative cash flows indicate liquidity challenges.

Income Statement

Riverside Resources has consistently reported zero revenue, indicating challenges in generating sales. The company has also faced increasing net losses over the years, with EBIT and EBITDA margins remaining negative. This suggests ongoing operational inefficiencies and a lack of profitability.

Balance Sheet

The company maintains a strong equity position with no debt, reflecting financial prudence. However, the lack of revenue generation raises concerns about the sustainability of its equity position. The equity ratio is relatively stable, but declining total assets and equity indicate potential erosion of financial stability.

Cash Flow

Riverside Resources shows negative free cash flow, indicating poor cash generation capabilities. Operating cash flows remain negative, and free cash flow has deteriorated over the years. This highlights liquidity challenges and raises concerns about the company's ability to fund operations without external financing.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-17.48K	-5.73K	-5.50K	-63.15K	-75.94K	-58.97K
	EBIT
-1.03M	-1.22M	-1.02M	-634.09K	-3.06M	-1.07M
	EBITDA
-763.50K	-1.07M	-340.42K	-607.40K	-652.79K	-790.46K
	Net Income Common Stockholders
-545.05K	-1.60M	-395.19K	-207.59K	734.13K	2.63M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.20M	5.62M	7.41M	7.05M	7.37M	6.05M
	Total Assets
14.84M	13.83M	15.32M	16.32M	14.90M	12.22M
	Total Debt
0.00	0.00	0.00	0.00	0.00	31.97K
	Net Debt
-6.07M	-5.50M	-7.23M	-6.92M	-5.97M	-4.56M
	Total Liabilities
1.47M	1.96M	1.76M	4.09M	3.92M	2.66M
	Stockholders Equity
13.38M	11.87M	13.56M	12.23M	10.98M	9.56M
Cash Flow		Free Cash Flow
-1.30M	-2.55M	-2.13M	-2.08M	-1.67M	-2.11M
	Operating Cash Flow
420.83K	-555.53K	-592.78K	-1.05M	-875.69K	-908.74K
	Investing Cash Flow
-1.98M	-1.18M	-546.08K	740.77K	1.95M	1.23M
	Financing Cash Flow
477.00K	0.00	0.00	720.48K	416.21K	1.04M

Riverside Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RRI, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.17, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 63.80 is Neutral, neither overbought nor oversold. The STOCH value of 53.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RRI.

Riverside Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	56 Neutral	$4.71B	21.10	-19.41%	5.13%	16.77%	-32.41%
RRI	48 Neutral	C$13.46M	―	-10.40%	―	―	-48.31%
AGMR	45 Neutral	C$12.93M	―	-6.48%	―	―	9.68%
PNTR	39 Underperform	C$15.77M	―	-167.58%	―	―	24.92%
FYL	39 Underperform	C$15.41M	―	-2.12%	―	―	34.62%

Riverside Resources Corporate Events

Riverside Resources Secures Court Approval for Blue Jay Spin-Out

Riverside Resources Inc. has received final court approval from the Supreme Court of British Columbia for the spin-out of its subsidiary, Blue Jay Gold Corp. The transaction, pending final approval from the TSX Venture Exchange, is expected to be completed in the second quarter of 2025. This strategic move allows Riverside to focus on its core exploration activities while potentially enhancing shareholder value through the separate listing of Blue Jay’s shares.

Riverside Resources to Spin Out Blue Jay Gold Following Shareholder Approval

Riverside Resources Inc. announced the approval of its plan to spin out its subsidiary, Blue Jay Gold Corp., following a successful shareholder vote. This strategic move allows Riverside to concentrate on its core operations, while Blue Jay will focus on gold exploration in northwestern Ontario, a region with significant mining potential. The spin-out is expected to enhance shareholder value by enabling both companies to pursue focused strategies, with Blue Jay anticipated to list on the TSX Venture Exchange.

Riverside Resources Prepares for Spinout Transaction with Blue Jay Gold

Riverside Resources Inc. has announced the filing of its management information circular in preparation for a special meeting to approve a spinout transaction with Blue Jay Gold Corp. If approved, this arrangement will allow Riverside shareholders to hold shares in both Riverside and Blue Jay, with Blue Jay planning to list on the TSX Venture Exchange. This transaction, involving Blue Jay’s gold projects in Northwestern Ontario, is seen as beneficial for Riverside shareholders and is supported by the company’s board of directors.

Riverside Resources Updates on Exploration Progress and Strategic Spinout

Riverside Resources has provided an update on its exploration progress in Canada and Mexico, highlighting significant technical results from its gold and copper assets, as well as rare earth element projects. The company is advancing several projects, including the Deer Park Gold Project in Canada and the Cuarentas Gold Project in Mexico, and is preparing for a spinout of Blue Jay Gold. Riverside is actively engaging with potential partners and investors at the PDAC conference, showcasing its diverse portfolio and exploration potential.

Riverside Resources Advances Spin-Out of Blue Jay Gold with TSX-V Approval

Riverside Resources has received conditional approval from the TSX Venture Exchange for the spin-out of Blue Jay Gold Corp., which will be voted on by shareholders in March 2025. This strategic move aligns with Riverside’s 2025 plans, allowing shareholders to gain direct exposure to Blue Jay Gold while Riverside retains royalties on its Ontario gold projects. The company has also engaged ICP Securities Inc. for automated market-making services, further positioning itself for growth and enhancing shareholder value.

Riverside Resources Advances Phase 2 Exploration at Cecilia Gold Project

Riverside Resources has progressed to the second phase of its exploration program at the Cecilia Gold Project in Sonora, Mexico, following positive results from their Q4 2024 drilling. In partnership with Fortuna Mining, Riverside’s drilling campaign has identified promising gold mineralization across several target areas, including the San Jose Vein System, which confirmed significant mineralization potential. The exploration efforts aim to expand district-scale targets and deliver sustained value to stakeholders by unlocking new opportunities.