Silver Range Resources (SNG) AI Stock Analysis

• Market Cap: C$7.36M
• Dividend Yield: N/A
• Average Volume (3M): 4.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.34
• Revenue Growth: N/A
• EPS Growth: -302.83%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Other Precious Metals
• EPS (TTM): -0.04
• Shares Outstanding: 98,126,884
• 10 Day Avg. Volume: 6,040
• 30 Day Avg. Volume: 4,486
• 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

Silver Range Resources' overall stock score is hindered by severe financial performance issues, with zero revenue and persistent losses. While technical indicators are stable, the negative valuation metrics and absence of dividends detract from its appeal. Recent corporate events provide potential growth opportunities, but the company's financial health remains a primary concern.

Silver Range Resources Business Overview & Revenue Model

Company Description

Silver Range Resources Ltd. is a Canadian-based mineral exploration company focused on the identification and advancement of high-grade precious metal properties. Operating primarily in North America, the company specializes in the discovery and development of silver and gold prospects. Silver Range Resources leverages its expertise in project generation and exploration to create a portfolio of promising assets, which it advances through partnerships and joint ventures with other mining companies.

How the Company Makes Money

Silver Range Resources makes money primarily through the acquisition, exploration, and development of mineral properties, which it then advances through partnerships and joint ventures. These partnerships often involve agreements where the partner company funds further exploration and development in exchange for earning an interest in the property. Additionally, Silver Range Resources seeks to generate revenue through the sale of properties or interests in properties once they have been sufficiently advanced. This business model allows the company to minimize its financial risk while maintaining a pipeline of potential revenue-generating assets. Key factors contributing to its earnings include successful exploration results, strategic partnerships with mining companies, and favorable market conditions for precious metals.

Silver Range Resources Financial Statement Overview

Summary

Silver Range Resources faces significant financial challenges, particularly due to a lack of revenue generation, leading to persistent losses and negative cash flows. While the balance sheet is currently strong with no debt, the company must address operational inefficiencies to improve its financial position.

Income Statement

The income statement reflects a challenging environment for Silver Range Resources. With zero revenue reported in both annual and TTM (Trailing-Twelve-Months) data, the company is unable to generate gross or net profit margins. The net loss has widened over the periods, indicating increasing operational challenges.

Balance Sheet

The balance sheet shows a solid equity position with no debt, resulting in a favorable debt-to-equity ratio. However, the company has experienced a decline in total assets. The equity ratio remains strong, but the absence of revenue and consistent losses pose risks to long-term financial health.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows, indicating cash outflows exceed inflows from operations. Free cash flow has shown some improvement but remains negative. The company relies on financing activities to support its cash flow needs.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-146.16K	-102.57K	-137.62K	-33.34K	-108.70K
	EBIT
-541.08K	-857.80K	-490.00K	-392.70K	-494.87K
	EBITDA
-656.82K	-954.28K	-621.93K	-417.99K	-406.17K
	Net Income Common Stockholders
-987.34K	-1.19M	4.29M	158.75K	-485.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
281.69K	552.45K	1.07M	872.05K	338.70K
	Total Assets
9.82M	10.09M	10.28M	5.24M	4.50M
	Total Debt
0.00	15.84K	32.74K	48.93K	46.43K
	Net Debt
-65.39K	-247.57K	-411.28K	-186.67K	-92.65K
	Total Liabilities
101.12K	119.48K	133.18K	125.88K	64.43K
	Stockholders Equity
9.72M	9.97M	10.14M	5.11M	4.35M
Cash Flow		Free Cash Flow
-812.58K	-675.74K	-590.01K	-430.87K	―
	Operating Cash Flow
-660.04K	-538.29K	-475.31K	-333.26K	―
	Investing Cash Flow
-210.41K	-214.45K	125.23K	-57.02K	―
	Financing Cash Flow
672.43K	572.12K	558.50K	486.80K	―

Silver Range Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 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:SNG, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.70 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SNG.

Silver Range Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WDO	78 Outperform	C$2.40B	17.66	27.15%	―	67.54%	―
FVI	75 Outperform	$2.51B	14.37	9.74%	―	28.18%	―
BTO	66 Neutral	$5.90B	―	-18.54%	4.78%	-0.18%	-2195.85%
Sector *	49 Neutral	$1.95B	-1.37	-21.20%	3.73%	0.84%	-29.84%
SNG	43 Neutral	C$7.36M	―	-53.62%	―	―	-302.83%
MMG	41 Neutral	C$48.31M	―	-55.36%	―	―	41.78%

Silver Range Resources Corporate Events

Silver Range Resources Expands Precious Metal Prospects in Arizona and Nevada

Silver Range Resources Ltd. has acquired high-grade precious metal prospects in Arizona and Nevada, specifically the Alamo and Luxor properties. The Alamo Property in Arizona shows potential for copper-gold mineralization, with initial samples indicating significant gold and copper content. The Luxor Property in Nevada, located in the Hannapah Mining District, has shown high-grade gold and silver assays. Silver Range plans to conduct further geological mapping and surveys to explore these properties, potentially enhancing its position in the precious metals market.

Spark’s Take on TSE:SNG Stock

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

Silver Range Resources struggles with severe financial performance issues due to the absence of revenue and persistent losses, significantly weighing down its overall score. While technical indicators provide some stability, the valuation remains unattractive because of the negative earnings. The lack of any dividend yield further detracts from its appeal. These factors collectively result in a low overall stock score.

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

Silver Range Resources Identifies New Exploration Target at East Goldfield

Silver Range Resources has identified a new exploration drill target at its East Goldfield Property in Nevada, using historical drill data. The target, located near the Tom Keane Mine, shows promising gold intersections, simplifying future exploration efforts. The company plans further underground sampling and geological mapping to better define the potential of the area.

Spark’s Take on TSE:SNG Stock

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

Silver Range Resources struggles with severe financial performance issues due to the absence of revenue and persistent losses, significantly weighing down its overall score. While technical indicators provide some stability, the valuation remains unattractive because of the negative earnings. The lack of any dividend yield further detracts from its appeal. These factors collectively result in a low overall stock score.

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

Silver Range Resources Options Walker Lane Projects to Walker Lane Resources

Silver Range Resources Ltd. has entered into an agreement with Walker Lane Resources Ltd. to option three properties in the Walker Lane region of Nevada. This strategic move allows Walker Lane Resources to potentially acquire full ownership of the Tule Canyon and Cambridge properties, contingent on meeting certain financial and exploration milestones. The agreement includes provisions for milestone payments and net smelter return royalties, which could impact Silver Range’s revenue streams and strengthen its position in the mining sector.

Silver Range Resources Resumes Operations and Announces Management Change

Silver Range Resources has resumed field operations in Nevada and Arizona, staking new targets and conducting sampling programs. A significant management change was announced as John Gilbert resigned as Vice President to become CEO of GGL Resources Ltd., although he will remain a consultant and advisor to Silver Range. This change may impact the company’s joint venture with GGL on the Gold Point project.