One-glance verdict
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
STGDF · PNK · Basic Materials · Other Industrial Metals & Mining
Current price
$0.00
52-week range
$0.00 - $0.10
Market cap
$345.14K
One-glance verdict
Not enough cash-flow history to value this one with our method.
Balance sheet
Net cash $2.34M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Copper Road Resources is a mining exploration company, which means it searches for valuable metals like copper and gold in Canada. Since it doesn't have a product to sell yet, the company raises money from investors to pay for the costs of searching for new mineral deposits. Its value depends entirely on the potential of discovering a large enough amount of metal to be profitably mined in the future.
Copper Road Resources started its life as CR Capital Corp. and later became Stone Gold Inc. in 2020, focusing on gold properties. In September 2022, the company changed its name to Copper Road Resources Inc. to better reflect its focus on copper exploration. This shift highlights a key turning point where the company decided to concentrate on finding large copper and gold deposits in Canada. The company has a history of acquiring and exploring different properties, evolving its strategy based on the potential it sees in different minerals and locations.
Think of Copper Road Resources as a treasure hunter for valuable metals. The company doesn't operate mines or sell finished metal bars; its main job is to find places underground that might contain a lot of copper and gold. They do this by acquiring land, studying the geology, and then drilling to see what's there. If they find a significant deposit, their goal is to prove how much metal is there, which makes the property valuable to a larger mining company that would then handle the expensive process of actually building a mine.
The company's entire business is focused on one main activity: finding and proving the value of mineral deposits. This is known as mineral exploration, and it's the earliest stage of the mining process. They spend money on activities like geological mapping and drilling to evaluate properties, but they don't generate revenue (money from sales) in the traditional sense. Instead, they create value by discovering assets (valuable mineral deposits) that a larger company might want to buy or partner on to develop into a working mine.
Management is currently focused on creating value from its exploration projects in Ontario, Canada. A key part of their strategy involved a recent deal to sell its main Copper Road Project to another company, Sterling Metals, in exchange for a large number of shares in that company and cash. They plan to distribute most of these shares to their own shareholders (the people who own stock in Copper Road). At the same time, they are using advanced technology to explore other properties, like the Ben Nevis project, looking for deep, undiscovered deposits of valuable metals. This suggests a strategy of turning their exploration success into direct returns for investors while hunting for the next big discovery.
Price history
Is it cheap or expensive?
We couldn't calculate a fair value right now.
Is it drowning in debt?
Net cash $2.3M - more cash than debt. Interest coverage -327.6x.
Copper Road Resources Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Total debt $0.00 Interest coverage -327.62x This is the baseline the peer rows are being compared against.
Total debt $950.45K Interest coverage -226.37x Neither company has much profit cushion over interest right now.
What you should know
The numbers
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What you should know