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Axo Copper Corp., a mineral exploration company, engages in the acquisition, exploration, and evaluation of resource properties in Canada. It explores copper, gold, and other base metals. The company holds 100% interest in the La Huerta project that consists of Los Juanes and La Gallina concessions, which covers an area of approximately 11, 306 hectares located in the state of Jalisco, Mexico. The company was formerly known as Mexican Copper Corp. and changed its name to AXO Copper Corp. in May 2024. Axo Copper Corp. was incorporated in 2021 and is headquartered in Halifax, 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.
Public information on Axo Copper Corp is limited; the company appears to be a Canadian junior listed on the TSX Venture Exchange (AXO.V) focused on copper exploration. Long-term growth drivers include rising global copper demand from electrification and the energy transition, which may benefit explorers that can advance projects and de-risk resources and could make the company attractive to investors seeking leveraged copper exposure.
Primary risks are exploration and permitting uncertainty, a probable need for further financing, commodity-price volatility and any geopolitical or operational exposures in jurisdictions where it operates.
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 |
|---|---|---|
| Type | yearly | yearly |
| Date | 2024-06-30 | 2023-06-30 |
| Income before tax | -0.36M | -0.09M |
| Net income | -0.36M | -0.09M |
| Selling general administrative | 0.65M | 0.10M |
| Operating income | -0.66M | -0.11M |
| Interest income | 0.34M | 0.04M |
| Net interest income | 0.34M | 0.04M |
| Total revenue | 0.00M | 0.00M |
| Total operating expenses | 0.66M | 0.11M |
| Total other income expense net | -0.04M | -0.03M |
| Net income from continuing ops | -0.36M | -0.09M |
| Breakdown | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Total assets | 14.79M | 13.06M | 0.08M |
| Total liab | 0.54M | 1.77M | 0.00M |
| Total stockholder equity | 14.25M | 11.29M | 0.08M |
| Capital stock | 14.03M | 11.20M | 0.08M |
| Retained earnings | -0.45M | -0.09M | 0.00M |
| Cash | 4.87M | 8.63M | 0.00M |
| Total current liabilities | 0.54M | 1.77M | 0.00M |
| Total current assets | 4.90M | 8.64M | 0.08M |
| Accounts payable | 0.19M | 1.52M | 0.00M |
| Non current assets total | 9.89M | 4.42M | 0.00M |
| Breakdown | 2024-06-30 | 2023-06-30 |
|---|---|---|
| Type | yearly | yearly |
| Date | 2024-06-30 | 2023-06-30 |
| Total cash from financing activities | 2.43M | 11.54M |
| Net income | -0.36M | -0.09M |
| Change in cash | -3.76M | 8.63M |
| Begin period cash flow | 8.63M | 0.00M |
| End period cash flow | 4.87M | 8.63M |
| Total cash from operating activities | 0.20M | 0.01M |
| Issuance of capital stock | 2.55M | 11.79M |
| Capital expenditures | 6.39M | 2.92M |
| Change in working capital | 0.11M | 0.05M |
| Stock based compensation | 0.45M | 0.05M |
| Free cash flow | -6.19M | -2.91M |
Sector: Basic Materials Industry: Copper
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| AXO Axo Copper Corp |
0.05 5.00% |
1.05 | - | - | - | 3.11 |
| LA Los Andes Copper Limited |
0.33 2.83% |
11.99 | - | 400.00 | 18.00 | 4.28 |
| CUU Copper Fox Metals Inc. |
0.03 5.08% |
0.62 | - | - | - | 4.13 |
| HCH Hot Chili Ltd |
0.09 7.20% |
1.34 | - | - | 371.14 | 1.45 |
| ECU Element 29 Resources Inc |
-0.06 2.72% |
1.97 | - | - | - | 8.83 |
Axo Copper Corp., a mineral exploration company, engages in the acquisition, exploration, and evaluation of resource properties in Canada. It explores copper, gold, and other base metals. The company holds 100% interest in the La Huerta project that consists of Los Juanes and La Gallina concessions, which covers an area of approximately 11, 306 hectares located in the state of Jalisco, Mexico. The company was formerly known as Mexican Copper Corp. and changed its name to AXO Copper Corp. in May 2024. Axo Copper Corp. was incorporated in 2021 and is headquartered in Halifax, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Glenn R. Jessome B.Sc., J.D., MBA | Executive Chairman & Corporate Secretary | 1964 |
| Mr. Jonathan Egilo | President, CEO & Director | 1995 |
| Mr. Keith Benjamin Abriel CA, CFA, CPA | Chief Financial Officer | 1973 |
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