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Abitibi Metals Corp. engages in the acquisition, exploration, and development of base and precious metal properties in Canada. The company primarily explores for gold, copper, zinc, and silver deposits. It's flagship project owned 100% interests in the B26 property consists of 66 contiguous mining claims covering an area of 3,328.51 hectares located in south of the Selbaie mine. The company was formerly known as Goldseek Resources Inc. and changed its name to Abitibi Metals Corp. in October 2023. Abitibi Metals Corp. was incorporated in 2018 and is based in London, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Abitibi Metals Corp is a Canadian-listed junior mineral exploration company focused on acquiring and advancing early-stage mineral properties. Long-term growth drivers include successful exploration results, leverage to metal price appreciation, and the ability to form partnerships to advance projects in established mining jurisdictions. The company may appeal to investors seeking discovery-driven upside and leverage to commodity cycles.
Key risks include the high probability of exploration failures, ongoing financing dilution, commodity price volatility, and permitting or regulatory delays that could impede project development.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Income before tax | -1.84M | -0.18M | -0.11M | -0.64M |
| Net income | -2.41M | -0.47M | -0.25M | -0.74M |
| Selling general administrative | 2.73M | 0.16M | 0.41M | 0.68M |
| Operating income | -2.73M | -0.22M | -0.41M | -0.64M |
| Tax provision | 0.58M | 0.29M | 0.14M | 0.10M |
| Interest income | 0.39M | 0.03M | 0.01M | 0.01M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M |
| Net income applicable to common shares | -2.41M | -0.47M | -0.25M | -0.74M |
| Breakdown | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Total assets | 27.18M | 5.30M | 4.58M | 4.19M |
| Total liab | 4.61M | 0.72M | 0.34M | 0.36M |
| Total stockholder equity | 22.57M | 4.58M | 4.24M | 3.83M |
| Common stock | 25.50M | 5.62M | 4.82M | 4.34M |
| Retained earnings | -2.93M | -1.04M | -0.57M | -0.51M |
| Cash | 15.67M | 1.01M | 0.32M | 1.90M |
| Total current liabilities | 3.50M | 0.19M | 0.09M | 0.26M |
| Short term debt | 0.00M | 0.00M | 0.00M | 0.00M |
| Property plant equipment | 10.40M | 4.27M | 4.14M | 2.14M |
| Total current assets | 16.78M | 1.02M | 0.44M | 2.05M |
| Short term investments | 0.04M | - | - | - |
| Net receivables | 0.57M | - | - | - |
| Long term debt total | 0.00M | 0.00M | 0.00M | 0.00M |
| Breakdown | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Total cashflows from investing activities | -4.09M | -0.12M | -1.87M | -1.11M |
| Total cash from financing activities | 21.54M | 0.83M | 0.56M | 2.06M |
| Net income | -2.41M | -0.47M | -0.25M | -0.74M |
| Change in cash | 14.65M | 0.69M | -1.58M | 0.41M |
| Total cash from operating activities | -2.79M | -0.02M | -0.27M | -0.55M |
| Sale purchase of stock | 21.54M | 0.83M | 0.56M | 2.06M |
| Capital expenditures | 4.09M | 0.12M | 1.87M | 1.11M |
| Change in working capital | -0.86M | 0.11M | -0.03M | -0.18M |
Sector: Basic Materials Industry: Gold
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| AMQ Abitibi Metals Corp. |
-0.01 1.61% |
0.61 | - | - | - | 3.05 |
| AGC Avanti Gold Corp. (formerly was VALU/Valorem Resources Inc. until 2023-04-20) |
-0.01 4.76% |
0.30 | - | - | - | 9.15 |
| NOM Norsemont Mining Inc |
0.02 3.08% |
0.67 | - | - | 601.02 | 4.53 |
| SANU Sanu Gold Corp. |
0.01 2.56% |
0.20 | - | - | - | 4.76 |
| BLLG Blue Lagoon Resources Inc |
0.01 1.96% |
0.52 | - | - | 195.68 | 6.29 |
Abitibi Metals Corp. engages in the acquisition, exploration, and development of base and precious metal properties in Canada. The company primarily explores for gold, copper, zinc, and silver deposits. It's flagship project owned 100% interests in the B26 property consists of 66 contiguous mining claims covering an area of 3,328.51 hectares located in south of the Selbaie mine. The company was formerly known as Goldseek Resources Inc. and changed its name to Abitibi Metals Corp. in October 2023. Abitibi Metals Corp. was incorporated in 2018 and is based in London, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Jonathon Deluce C.A., CPA | President, CEO & Director | NA |
| Mr. David K. Bernier | Chief Operating Officer | NA |
| Mr. Laurent Eustache M.B.A., M.Sc., P.Geo. | Executive Vice President | NA |
| Mr. Louis Gariepy P.Geo. | Vice President of Exploration | NA |
| Ms. Jan Urata | Corporate Secretary | 1964 |
| Mr. Sung Min Myung C.A., CPA | Chief Financial Officer | 1987 |
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